Ethereum, Solana, XRP, stablecoins and the wider asset landscape.
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Numerous crypto events are set to happen this week, with some expected to cause volatility in the market. If you’re a trader, you might want to keep a close eye on these events so that you can adjust your trading strategy where necessary. Sonic Layer-1 Mainnet Launch Formerly known as Fantom, Sonic Labs announced earlier
Andrew Richard3 min read
Chainlink emerged as one of the big gainers in the market on Thursday, reaching $29.45, a level not seen since January 2022. Its rise shows a fast-improving ecosystem and strong interest among institutional investors. After adding another 20% over the last week alone, LINK has more than trebled in price within the past 30 days.
Bradley Nelson3 min read
The bull market has renewed investors’ interest in cryptocurrencies as they hope to receive massive returns from their investments. Sensing the opportunity, several celebrities have created and promoted tokens with a promise of significant gains. However, not all tokens launched by celebrities have lived up to the hype. Some have performed poorly in recent weeks
Andrew Richard3 min read
South Korean authorities have accused North Korean hackers of attacking the Upbit crypto exchange in 2019 and making away with $50 million in crypto. According to the National Office of Investigation (NOI), notorious hacker organizations Andariel and Lazaraus were behind the hack, in which about 342,000 ETH were stolen. Stolen Crypto Value Exceeds $1 Billion
Andrew Richard2 min read
Key Insights: Tether’s CEO, Paolo Ardoino, has provided additional context regarding a recent $2 billion USDT minting on the Ethereum blockchain. The transaction, flagged by on-chain tracker Whale Alert, initially raised questions within the crypto community. Ardoino clarified that the issuance was part of a planned chain swap operation rather than an increase in the
Curtis DyeUpdated 3 min read
Key insights: Ripple CEO Brad Garlinghouse expressed optimism regarding the future of stablecoins in Japan, particularly for a Yen-backed stablecoin. In a recent interview with Bloomberg’s The China Show on September 7, Garlinghouse indicated that Japan’s favorable regulatory environment has fostered a promising market for stablecoin development. However, Ripple plans to focus on the launch
Curtis Dye3 min read
Former President Trump has emerged as the front-runner in the upcoming elections as a Republican Party nominee. He is now facing off against VP Kamala Harris who quickly rose to popularity following her nomination as Democratic representative. During the election season, the crypto sector has become a heavily politicized topic. The phenomenon can be traced
Hassan Mehmood (Saudi Arabia)Updated 3 min read
Bitrue Ventures fund has opened a new funding account. The platform has allocated $200,000 directed towards Web3 startups. Bitrue Ventures’ Launches Fund to Support Web3 Firms Bitrue Ventures is a research and investment wing of the eponymous crypto trading platform. The total fund allocated to the new account is valued at $40 million that are
Hassan Mehmood (Saudi Arabia)Updated 3 min read
A new SEC filing on June 4 shows that Tether, the company behind USDT, owns 25% of Bitcoin miner Bitdeer’s shares. A recent filing by the United States Securities and Exchange Commission (SEC) shows that Tether, a stablecoin issuer, currently manages 25% of shares for Bitdeer, a Bitcoin miner. Tether Increases Stake in Bitcoin Mining
Stephen CausbyUpdated 2 min read
Crypto exchange Kraken confirms the immediate shutdown of its US-based crypto staking-as-a-service operations. The shutdown will feature payment of a $30 million fine imposed by the US Securities and Exchange Commission (SEC) for offering unregistered securities. Constituent Kraken’s Firms Terminate the Staking Services The statement by the crypto exchange firm dated February 9 indicated that
Stephen Causby2 min read
