Article written by Judith Faith

SEC set to drop lawsuit against Coinbase

1 min read

Coinbase, a US-based cryptocurrency exchange, is experiencing a significant development. The Securities and Exchange Commission (SEC) has reportedly agreed to dismiss its lawsuit against Coinbase. This news was shared by Coinbase in a blog post on February 21. CEO Brian Armstrong also discussed it in an interview with CNBC. Paul Grewal, Coinbase’s chief legal officer, stated that the SEC staff has agreed to dismiss the case, pending approval from the

Over $2 billion in Bitcoin and Ethereum options set to expire

1 min read

Over $2.04 billion in Bitcoin and Ethereum options are about to expire in the crypto market. This situation raises worries about more market ups and downs. Bitcoin has key resistance levels, and Ethereum is having trouble staying stable. This uncertainty makes traders unsure about the short-term direction of cryptocurrencies. Bitcoin options contracts are worth more than $1.6 billion. Analysts see a put-to-call ratio under 1 for Bitcoin and Ethereum. This

Uniswap CEO Hayden Adams claims flawed token launches are intentional

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Uniswap CEO Hayden Adams has sparked a conversation in the crypto community. He says many token launches are done on purpose, not by mistake. His comments follow the rise of controversial meme coins such as LIBRA, MELANIA, and TRUMP. These tokens face accusations of price manipulation and pump-and-dump schemes. Adams said in a post on X that flawed token launches are usually planned. He said that if a token launch

ByBit launches Avalon Token (AVL) on Bybit Spot.

1 min read

Avalon Labs has partnered with Bybit, the second-largest crypto exchange, to launch Avalon Token (AVL) exclusively on Bybit Spot. This partnership introduces an incentive-based savings plan through Bybit Earn. Participants can earn annual percentage rates (APRs) of up to 50% during a structured staking period. Approximately 10,000 USDT worth of AVL tokens will be distributed to qualified users as rewards. Avalon Labs is the largest issuer of Bitcoin-backed stablecoins. Their

The SafeMoon team launches a memecoin on Solana (SOL)

1 min read

The SafeMoon team is set to launch a new memecoin on the Solana blockchain. This event will take place on Saturday at 1:00 AM UTC. The team has taken significant steps to manage their existing tokens. They have burned 2.2 trillion SFM tokens across three networks: Ethereum, Polygon, and Binance Smart Chain. Most of the tokens on Ethereum and Polygon have been eliminated. Additionally, about 60% of the Binance Smart

The NFT brand Yuga Labs sells off the NFT collection Meebits

1 min read

Yuga Labs has sold its NFT collection Meebits and its related intellectual property to a new company called Meebit Company, or “MeebCo.” This company aims to expand the Meebits brand creatively. They plan to enhance community engagement and introduce new merchandise. After selling Meebits, Yuga Labs will focus on its Bored Ape Yacht Club NFT brand and the Otherside metaverse project. Despite the sale, Meebits will continue to have a

Coinbase revenue surges by over 130% post-election rally

1 min read

Coinbase has recently made headlines as the cryptocurrency market faces a weekend slump. The exchange released its fourth-quarter reports, revealing a significant increase in revenue. This surge came amid ongoing regulatory updates. Bitcoin is currently consolidating at $96,000, trying to reach the $100,000 mark. In its fourth-quarter report, Coinbase reported a revenue of $2.27 billion, nearly double the expected $1.88 billion. This impressive performance led to a 2% rise in

HashFlare co-founders plead guilty to wire fraud conspiracy

1 min read

Sergei Potapenko and Ivan Turõgin have pleaded guilty to a wire fraud conspiracy. They avoided nearly 20 other charges in the process. Their case took an unexpected turn when prosecutors overestimated claims and lost credibility with a key witness. The two men have agreed to forfeit assets and help reimburse victims, but their sentencing is still uncertain. HashFlare was once a well-regarded cloud mining company. However, it fell apart in

Polkadot Launches JAM Course to Train Web3 Developers

2 mins read

Polkadot Blockchain Academy has launched the JAM Course, aimed at educating talented developers about Polkadot‘s new architecture. This course is a follow-up to the PBA Campus and JAM Tour, focusing specifically on the Join-Accumulate Machine (JAM) technology created by Dr. Gavin Wood. The JAM Course is designed for experienced Web3 developers who want to learn about cutting-edge blockchain innovations. It includes detailed lessons, hands-on workshops, and opportunities for discussion and

The market cap of USDT reaches an all-time high of $141.76 billion

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The crypto market is facing challenges as Bitcoin has dropped below $97,000, and Ether is trading around $2,600. Other major altcoins like XRP, Solana, BNB, Dogecoin, Cardano, and Tron are also following the downward trend of Bitcoin and Ether. In the last 24 hours, the total market capitalization of cryptocurrencies fell by 1.29%. Despite this decline, Tether’s USDT stablecoin is making headlines. It reached an all-time high market cap of

Gemini reportedly considers an initial public offering (IPO)

1 min read

Gemini, a cryptocurrency exchange founded by the Winklevoss twins, is considering an initial public offering (IPO) in the United States. This news was reported by Bloomberg on February 6. The twins, Tyler and Cameron Winklevoss, are well-known figures in the crypto world. Gemini is one of the earliest cryptocurrency exchanges globally. They are currently speaking with potential advisors about the IPO process. However, the decision to go public is still

XRP and Dogecoin price drop after China announced retaliatory tariffs on U.S.

2 mins read

In the past 24 hours, major cryptocurrencies saw significant gains, with some rising as much as 20%. This surge was driven by a buy-the-dip strategy after a $2.2 billion market shift on Monday. However, these gains quickly reversed when China announced retaliatory tariffs on the U.S. During the Asian morning hours, the market pulled back as the deadline for new U.S. tariffs on China passed without a resolution. Cryptocurrencies like