Author: Mahamat Ashraf

Article written by Mahamat Ashraf

Crypto whale purchases $6 million worth of Peanut the Squirrel

January 5, 2025 1 min read

Peanut the Squirrel (PNUT), a memecoin, has recently experienced significant whale accumulation, with a single investor purchasing 10 million PNUT tokens from Binance for over $6 million. This acquisition has positioned the whale to hold 1% of the total supply of PNUT. Following this event, the price of PNUT rebounded from a short-term support level of $0.6, witnessing a 20% increase within 24 hours. Despite this surge, the token has

PENGU surges by 14% with strong trading volume

January 5, 2025 1 min read

The global cryptocurrency market has seen a slight increase in market capitalization, rising by 0.50% to reach $3.5 trillion, despite a significant drop in overall market volume, which fell by 29.19% to $88.22 billion. Among the notable performers is Pudgy Penguins (PENGU), which has demonstrated a robust recovery following a recent dip. Currently trading at $0.04111, PENGU has experienced a 13.12% increase in the last 24 hours, with a market

AI16Z’s market cap surges past $2 billion, rising over 420% in just 30 days

January 4, 2025 1 min read

AI16Z, a memecoin on the Solana blockchain, has recently garnered significant attention due to its impressive performance, boasting a market cap exceeding $2 billion after a remarkable 430% increase in just 30 days. This surge has sparked speculation about its potential to compete with established tokens like Dogecoin. A notable transaction involved a trader who sold 2.27 million AI16Z tokens for $4.77 million, realizing a staggering profit of $4.47 million,

Jordan approves a 2025 Blockchain Policy to modernize government services

January 2, 2025 1 min read

Jordan has recently approved its 2025 Blockchain Technology Policy, aimed at modernizing government operations, enhancing service delivery, and reducing costs. The policy prioritizes data security, privacy, and transparency, intending to bolster public trust in government services. By integrating blockchain technology into public administration, Jordan seeks to streamline processes, cut operational costs, and improve efficiency for both citizens and businesses. This initiative is part of a broader economic modernization strategy designed

Syria plans to legalize Bitcoin and digitize its currency to stabilize its war-torn economy

January 2, 2025 1 min read

Syria is contemplating the legalization of Bitcoin and the digitization of the Syrian pound as part of a strategic initiative to rejuvenate its struggling economy and attract foreign investments. Proposed by the Syrian Center for Economic Research (SCER), this plan aims to combat economic instability, rampant inflation, and financial exclusion through the adoption of blockchain technology and cryptocurrencies. The country has faced a severe economic downturn, with a reported 60%

Only 54% of illegal crypto ads in the UK were removed in 2024 despite FCA’s crackdown

January 2, 2025 1 min read

Illegal cryptocurrency advertisements are proliferating in the UK, despite the Financial Conduct Authority (FCA) implementing stricter regulations in June 2023. Between October 2023 and October 2024, the FCA issued 1,702 requests to remove unlawful crypto ads, yet only 54% were acted upon, leaving a significant number of promotions unaddressed. The FCA’s guidelines stipulate that only promotions authorized by the FCA are permissible, with non-compliance potentially leading to severe penalties, including

DEX monthly trading volume surges to over $320 billion in December

December 31, 2024 1 min read

In December 2024, the cryptocurrency market saw a lot of trading activity even though prices went down. Bitcoin and Ether hit new record highs, with Bitcoin going over $100,000 and Ether above $3,800, increasing investor confidence. As the year wrapped up, the market showed some price drops, hinting at a possible bigger bull run next year. Decentralized exchanges (DEXs) reached high trading volumes, with total monthly trading exceeding $320.5 billion.

Leading asset management firm Franklin Templeton launches its DeFi solution on Ethereum

December 29, 2024 1 min read

Franklin Templeton, a well-known asset management firm, has taken important steps in decentralized finance (DeFi) by launching its tokenization project, Benji, on the Ethereum blockchain. This is the company’s fifth platform integration in 2023, after successful launches on Aptos, Avalanche, Arbitrum, and Base. Now, Benji is available on seven platforms, including Stellar and Polygon. Sandy Kaul, the Head of Innovation Strategies at Franklin Templeton, talked in a podcast about how

Optimism (OP) surges after Binance announced upgrade and hard fork support

December 29, 2024 1 min read

The native token of the Optimism layer-2 blockchain network has seen a rise in value due to good news in the community. Binance, the biggest cryptocurrency exchange in the world by trading volume, announced its support for Optimism’s network upgrade and hard fork set for January 9, 2025, at 18:00 UTC. This announcement was a key reason for the increase. Binance announced that it will pause deposits and withdrawals of

BONK memecoin to burn 1 Trillion tokens by Christmas

December 22, 2024 1 min read

Bonk‘s “BURNmas campaign” is in the news for its goal to burn 1 trillion tokens, targeting a price of $0.11, which would mean a huge 328,000% rise from its current value. The recent news about the token being listed on the Robinhood exchange has increased interest, leading to a 30% price jump in just one day. Investor excitement indicates a bright future for the token. The current token burn effort

Hawk Tuah investors file a lawsuit against promoters

December 22, 2024 1 min read

Investors in the Hawk Tuah meme coin have filed a lawsuit against its creators and promoters, claiming securities fraud after the token’s sudden drop. The plaintiffs argue that the token was falsely advertised as providing benefits similar to those of shareholders, which violates securities laws. Hailey Welch, who is connected to the project, is not a defendant and will not take part in the legal proceedings. Hawk Tuah started in

Bitwise targets Europe with its new Solana staking ETP

December 19, 2024 1 min read

Bitwise has launched a Solana staking ETP called BSOL in the European Union, as the firm adjusts to regulatory challenges in the United States. BSOL is being introduced while efforts to create a Solana ETF in the US have stalled, as securities laws prevent these products from providing staking rewards. BSOL seeks to draw European investors with annual staking rewards of up to 8%, making it an attractive option compared