Author: Judith Faith

Article written by Judith Faith

ByBit launches Avalon Token (AVL) on Bybit Spot.

February 17, 2025 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)

February 15, 2025 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

February 15, 2025 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

February 14, 2025 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

February 14, 2025 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

February 10, 2025 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

February 8, 2025 1 min read

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)

February 7, 2025 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.

February 4, 2025 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

Tether Reports $13B Profit for 2024

February 2, 2025 1 min read

Tether, the company behind the popular stablecoin USDT, reported impressive profits of $13 billion for the last year. This marked a record year for the firm. A significant portion of these profits, about $7 billion, came from their extensive holdings in U.S. Treasuries and repurchase agreements. Additionally, the company earned $5 billion from the increased value of its gold and bitcoin investments. Other investments contributed another $1 billion to the

US Marshals Miss Deadline on Silk Road Bitcoin Report

February 2, 2025 1 min read

The US Marshals Service (USMS) missed a deadline to provide information to Senator Cynthia Lummis about Bitcoin seized from the Silk Road case. Senator Lummis expressed concerns over the planned sale of about 69,370 Bitcoin, worth around $7 billion. She worried this could lead to financial losses for taxpayers and conflict with previous policies from the Trump administration. In her letter, Lummis pointed out that the USMS had previously sold

MicroStrategy launches Preferred Stock ($STRK)

January 31, 2025 1 min read

MicroStrategy ($MSTR) is introducing Preferred Stock ($STRK) to raise capital. The company plans to sell 2.5 million Preferred Shares at $100 each, totaling $250 million. Each Preferred Share can be converted into 1/10th of a Class A Common Share, making the conversion price $1,000 per Common Share. Investors will receive an 8% annual dividend based on the liquidation value. For a Preferred Share worth $100, this means an annual earning