Crypto Inflows Reach $2B in Early June, Ethereum Logs Record Week with $69M
Digital asset investment products kicked off June on a high note, with significant inflows across almost all providers. According to CoinShares’ latest report, the first week of June saw inflows…
Base TVL Soars to $8B, Surpassing OP Mainnet in Ethereum Layer-2 Race
The Ethereum layer-2 network Base has seen its total value locked (TVL) surpass $8 billion, achieving this milestone just days after overtaking Optimism’s OP Mainnet. This remarkable growth solidifies Base’s…
Orbit Chain Hacker Transfers $48M to Tornado Cash After Months of Dormancy
In a significant development, the hacker behind the $82 million Orbit Chain exploit has resurfaced after five months of inactivity, transferring a substantial portion of the stolen funds to the…
Decentralized AI Network io.net Replaces CEO Just Days Before Token Launch
Solana-based decentralized infrastructure provider io.net, which facilitates the renting out of GPU power for financial gains, has announced a significant leadership change just two days before the launch of its…
Binance CEO: Crypto Industry Moves from ‘Early Adopters’ to ‘Early Majority’
Binance CEO Richard Teng recently shared insights with Cointelegraph, highlighting a pivotal shift in the cryptocurrency landscape. According to Teng, the industry has moved beyond the phase dominated by “early…
Ethereum Leaders Face a ‘Massive Contradiction’ Between Capitalism and Socialism — Wintermute CEO
In the ever-evolving landscape of blockchain and digital assets, a debate is emerging over the ideological direction of Ethereum’s ecosystem. Evgeny Gaevoy, CEO of the digital assets market maker Wintermute,…
Arbitrum to Allocate $215M in ARB Tokens to Boost Gaming Innovation
The Arbitrum Foundation, which oversees the Ethereum rollup-based layer-2 network Arbitrum, has unveiled a significant initiative to drive the gaming industry within its ecosystem. This initiative will see the distribution…
Bitcoin Volatility Approaches Historic Lows Before Sharp Decline
In the 15 days leading up to the significant drop on June 7, Bitcoin‘s price exhibited minimal movement, nearing some of the lowest volatility levels ever recorded over such a…
Robinhood to Acquire Bitstamp Crypto Exchange to Enable Institutional Trading in the U.S.
Robinhood, the popular stock trading app, is significantly expanding its footprint in the cryptocurrency sector by acquiring Bitstamp, one of the world’s oldest and most reputable cryptocurrency exchanges. This $200…
NY Attorney General Sues Crypto Trader NovaTech, Alleging $1 Billion Fraud
New York Attorney General Letitia James has filed a lawsuit against NovaTech, a cryptocurrency trading company, and its founders, Cynthia and Eddy Petion, along with other associated entities. The suit…
UK Crypto Industry Releases Guide to Navigating the Travel Rule
CryptoUK, a self-regulatory trade association representing the United Kingdom’s cryptocurrency sector, has published a comprehensive guide to assist crypto businesses in navigating the complexities of the U.K.’s crypto Travel Rule.…
Telegram Launches In-App Currency ‘Stars’ for Digital Purchases
Telegram, the popular social messaging platform, has introduced a new in-app token called “Telegram Stars,” designed to facilitate the purchase of digital goods and services within the app. This new…
New Law Grants U.S. President Extensive Powers to Block Digital Asset Access
A recently enacted law has granted the President of the United States extensive authority to block access to digital assets, a move that has sparked significant concern and debate among…
Binance Reinstates Cryptocurrency Purchases via Mastercard
Binance, the world’s largest cryptocurrency exchange, has announced the reinstatement of cryptocurrency purchases using Mastercard debit and credit cards. This move comes as part of Binance’s efforts to facilitate smooth…
Nigeria Defends Prosecution of Binance Executive Amid U.S. Lawmakers’ Criticism
The Nigerian Minister of Information, Mohammed Idris, has affirmed that the ongoing legal proceedings against Binance and its executive, Tigran Gambaryan, adhere strictly to the country’s legal protocols. Gambaryan faces…
ETH Ecosystem Users Increase Ninefold Since 2020 as VanEck Predicts $22K by 2030
There are almost nine times as many daily active users in the Ethereum ecosystem today compared to four years ago, and analysts suggest that this increasing demand is set to…
Beware of Fake Work-from-Home Jobs – It’s a Ploy to Steal Your Crypto
Be cautious if an employer demands that you send cryptocurrency to secure your dream job working from home. The United States Federal Bureau of Investigation (FBI) warns that it’s likely…
Turkey Denies Plans to Tax Crypto and Stock Gains, Considers Limited Transaction Levy
Turkey has dismissed plans to impose taxes on profits from stocks and cryptocurrencies but suggested a “very limited” levy on transactions. According to Bloomberg, Treasury and Finance Minister Mehmet Şimşek…
Most Celebrity Tokens Drop Over 66% Since Jenner’s Surprising Crypto Launch
The recent wave of celebrity-backed tokens launched last week has faced significant declines, with many dropping over 66% from their peak values. Notably, tokens such as JENNER, DAVIDO, and RICH…
Ethereum ETF Launch Date Hinges on Issuers’ Responsiveness, Not SEC Delays — Gensler
The approval timeline for United States-based spot Ether exchange-traded funds (ETFs) hinges on how quickly issuers can address feedback from the Securities and Exchange Commission (SEC), according to SEC Chair…