Author: Emma Davis

Article written by Emma Davis

NEIRO soars over 5000%, hitting a new high

October 15, 2024 1 min read

NEIRO, a token on the Ethereum network, has experienced an astonishing rise of over 5000% in just a month, even reaching a new all-time high before pulling back slightly. However, this rapid increase has led to signs that a market correction may be on the horizon, as traders start to cash in on their profits. Currently, NEIRO appears to be facing a potential short-term price drop, with its Relative Strength

Binance executive was denied bail by a Nigerian judge, a family spokesperson said Friday

October 11, 2024 1 min read

Tigran Gambaryan, a Binance executive, has been denied bail by a Nigerian judge, much to the disappointment of his family and the company. Gambaryan, who oversees financial crime compliance at Binance, has been detained for over 220 days, facing serious health issues while imprisoned in Kuje, a facility known for housing dangerous criminals, including members of Boko Haram. His legal troubles began in February, and although he was initially charged

SUI experiences over 26% decrease in volume

October 10, 2024 1 min read

Worldcoin (WLD) is currently navigating a challenging market, trading at $1.84 after a 6.87% decline in the past 24 hours. With a market cap of approximately $945 million, it ranks #69 among cryptocurrencies. The trading volume has also dipped significantly, down 26.65% to about $190 million, yet the volume-to-market cap ratio of 20.10% indicates that trading activity remains robust despite the downturn. Recent sell-offs, particularly a notable deposit of $265K

Crypto exchange Crypto.com files a lawsuit against the US SEC

October 8, 2024 1 min read

In a bold move, cryptocurrency exchange Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) following the receipt of a Wells notice, which indicates the SEC’s intention to pursue legal action over alleged securities violations. The company, known for its user-friendly platform for buying and selling crypto and its popular debit card that allows users to spend digital assets, has gained significant visibility through high-profile sponsorships,

FTX to repay 98% of its users around 119% of their claim value

October 8, 2024 1 min read

In a significant development for the beleaguered crypto exchange FTX, a US judge has greenlit a bankruptcy plan that will allow the company to repay users nearly two years after its dramatic collapse. Judge John Dorsey of the US Bankruptcy Court for the District of Delaware approved the plan, which aims to return 98% of users’ claims, translating to approximately 119% of their claim value as of November 2022, when

US Bitcoin ETFs see over $300 million in weekly outflows

October 7, 2024 1 min read

In a surprising turn of events, US Bitcoin ETFs experienced their first significant net outflow in a month, shedding over $300 million despite a slight gain at the week’s end. This shift marks a notable change in market sentiment after three weeks of steady inflows, indicating growing investor caution as Bitcoin prices dipped alongside a broader crypto market pullback. According to SoSoValue, the total weekly outflows reversed a trend that

Polymarket trading volume surges to over $530 million in September as US election nears

October 6, 2024 1 min read

In September 2024, the blockchain-based prediction platform Polymarket experienced a significant surge in trading activity, driven by heightened interest in the upcoming 2024 US presidential election and ongoing geopolitical events in the Middle East. The trading volume reached $533.51 million, marking an increase of $61.51 million from August’s $472 million, as reported by Dune Analytics. The platform also saw a notable rise in active users, with a 41% increase from

Bitcoin miner CleanSpark mines a total of 493 BTC in September

October 4, 2024 1 min read

In a recent update, Bitcoin miner CleanSpark reported impressive figures for September, having mined 493 BTC, bringing its total for the year to 5,079 BTC. This surge contributed to a total of 7,098 BTC mined in fiscal year 2024, pushing their Bitcoin treasury holdings to 8,049 BTC—a staggering 258% increase year-over-year. Despite selling 2.5 BTC during the month, the company’s growth trajectory remains strong. CleanSpark also announced a remarkable jump

Visa reports that BBVA is one of many participating institutions trying out VTAP

October 4, 2024 1 min read

Visa has introduced its Visa Tokenized Asset Platform (VTAP) to streamline the issuance and management of digital assets, including stablecoins and central bank digital currencies (CBDCs). Announced on October 3, VTAP is currently in a sandbox phase with institutions like BBVA testing its features. The platform aims to provide a secure solution for minting, transferring, and settling digital assets across both public and permissioned blockchains, catering to institutional investors and

Franklin Templeton launches the OnChain U.S. Government Money Fund (FOBXX) on Aptos

October 3, 2024 1 min read

Franklin Templeton is making waves in the world of finance by expanding its OnChain U.S. Government Money Fund (FOBXX) to the Aptos blockchain, marking a significant step in integrating traditional finance with decentralized finance. Launched in 2021, FOBXX is a US Treasury-backed fund that leverages the advantages of tokenized real-world assets, and its recent expansion follows similar moves to other blockchain networks like Avalanche, Polygon, and Stellar. As of October

Bitcoin ETFs see over $240 million outflow as markets fell amid Iran’s missile attack on Israel

October 2, 2024 1 min read

On October 2, 2024, Bitcoin exchange-traded funds (ETFs) experienced their first net outflows in two weeks, with $243 million exiting the market. This downturn coincided with a significant drop in Bitcoin’s price, which fell over 4% amid escalating geopolitical tensions in the Middle East, particularly following Iran’s attack on Israel. The outflows marked the end of an eight-day streak of net inflows for U.S. spot Bitcoin ETFs, with the largest

Trader loses millions of dollar in MOODENG token

September 30, 2024 1 min read

In the ever-evolving landscape of cryptocurrency, a recent incident involving the MOODENG token has captured the attention of traders and enthusiasts alike. A trader initially invested 26 SOL (approximately $3,537) in 21 million MOODENG tokens and found themselves in a precarious situation after a brief price dip led to a hasty decision to sell. Instead of reaping a potential profit of $6.3 million as the token’s market cap soared to