SushiSwap Transitions to ‘Labs’ Model and Introduces Multi-Token Ecosystem
After months of intense debate, SushiSwap, a leading decentralized exchange (DEX), has unveiled a transformative new business model under the banner of Sushi Labs. This transition aims to streamline the…
DeFi Technologies Embraces Bitcoin as Primary Treasury Reserve Asset
In a significant move reflecting the growing institutional adoption of cryptocurrencies, DeFi Technologies, a publicly listed exchange-traded product (ETP) provider and venture capital firm, has announced the adoption of Bitcoin…
Bitcoin ETFs Absorb Two Months’ Worth of Mining Supply in Early June Surge
In a remarkable show of demand, U.S. spot Bitcoin exchange-traded funds (ETFs) acquired an amount of Bitcoin equivalent to nearly two months’ worth of mining output in just the first…
Fireblocks Expands Offerings with Coinbase International Partnership for Perpetual Futures and Spot Trading
Fireblocks, a leading digital asset infrastructure provider, has significantly broadened its service portfolio. Through a new partnership with Coinbase, Fireblocks now offers derivatives and trading products to both institutional and…
Solana Cracks Down on Validator Sandwich Attacks
The Solana Foundation has taken decisive action against a group of validator operators involved in sandwich attacks on traders, removing them from its delegation program. This move underscores the Foundation’s…
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…
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…
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…
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…
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…
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…
Coinbase Rolls Out Smart Wallet with No Gas Fees and Easy Onboarding
Cryptocurrency exchange Coinbase is launching a smart wallet, aiming to provide users with greater convenience through simplified onboarding, the elimination of gas fees, and the removal of recovery phrases. The…
Centralized Crypto Exchange Trading Volume Drops to $5.2 Trillion in May
According to the latest report by CCData, May 2024 saw a significant decline in both spot and derivatives trading volumes in the cryptocurrency market. The combined trading volume on centralized…
Bitcoin ‘Coiling’ Up for a Significant Move as It Hovers Around $71K
Bitcoin may soon find itself at a critical price crossroads. Its average price across three different time frames has now fallen within a tight cluster, signaling a potential breakout. Indicators…
Dubai Financial Regulator Revises Crypto Token Regulations for Funds
The Dubai Financial Services Authority (DFSA) has announced significant amendments to its cryptocurrency token regime to enhance and advance the regulatory framework for tokens within its special economic zone. These…