Judith Faith, Author at Optimisus

Shiba Inu (SHIB) plans to launch a decentralized autonomous organization (DAO)

August 26, 2024 1 min read

Shiba Inu, currently ranked as the 13th largest cryptocurrency based on its market capitalization, plans to establish a decentralized autonomous organization (DAO). This would enable token holders to participate in voting for upcoming initiatives and influence the project’s trajectory. The memecoin DAO will be governed by two main councils, namely the “Charity Council” and the “Culture & Heritage Council.” These councils will be responsible for supervising community efforts, including philanthropic

BlackRock’s US Bitcoin ETFs gains $75 million in new inflows on August 22

August 23, 2024 1 min read

US spot Bitcoin exchange-traded funds (ETFs) have achieved a continuous streak of six days with positive returns, attracting nearly $65 million in investments on Thursday. The iShares Bitcoin Trust (IBIT) from BlackRock received the highest amount of fresh capital, totaling $75 million. Other funds, such as WisdomTree’s Bitcoin fund, Grayscale’s Bitcoin Mini Trust, and VanEck’s Bitcoin ETF, garnered more than $12 million. Grayscale’s Bitcoin Trust (GBTC), which has the highest

Ethereum ETFs face record outflows, while Bitcoin ETFs surge with strong inflows

August 23, 2024 1 min read

Ethereum exchange-traded funds (ETFs) have been consistently declining in value, with investors withdrawing their funds over an extended period, resulting in the longest consecutive period of outflows since their introduction. All nine authorized ETFs in the United States have encountered a decrease in assets, with the Grayscale Ethereum Trust (ETHE) being the most impacted, suffering a loss of more than $2.5 billion in outflows as of August 21st. This phenomenon

Binance and its CEO, Changpeng Zhao, face a new lawsuit accusing them of facilitating crypto money laundering, adding to their ongoing legal troubles.

Binance faces a new lawsuit accusing them of facilitating crypto money laundering

August 22, 2024 1 min read

Binance and its CEO, Changpeng Zhao, are being sued for allegedly facilitating money laundering through its cryptocurrency exchange, resulting in substantial financial losses for three investors. The case, initiated on August 16, 2024, asserts that Binance actively participated in the process of concealing illegally obtained digital assets, so contravening the Racketeer Influenced and Corrupt Organizations Act (RICO). The plaintiffs contend that their cryptocurrency holdings were pilfered and subsequently transferred to

Justin Sun predicts Tron’s first billion-dollar meme coin as his SunPump platform gains momentum

August 20, 2024 2 mins read

Tron, established by Justin Sun, is adopting the popular trend of meme coins with its latest platform, SunPump. More than 5,500 meme coins have been introduced on the Tron network, resulting in substantial earnings in TRX, the native crypto of Tron. According to data from Dune Analytics, SunPump has facilitated the creation of several meme coins, leading to a substantial TRX revenue in the millions. The recent increase in value

Over $340 Million worth of Solana (SOL) tokens set to be unlocked this month

August 18, 2024 1 min read

Solana (SOL) is scheduled to deliver its most substantial issuance this month, which has the ability to influence the price of altcoins. Wazz Crypto, a market expert, proposes that the trend of unlocking tokens may intensify, resulting in faster and more aggressive sell-offs. Nevertheless, there has been a change this week in the actions of investors and traders who are now withdrawing their investments from altcoins, as indicated by substantial

Over $192 million in AVAX to be unlocked in the upcoming week

Over $192 million in AVAX tokens to be unlocked in the upcoming week

August 16, 2024 1 min read

Significant token releases are scheduled for the upcoming week, with an anticipated $213 million worth of digital assets entering the market. Avalanche (AVAX), a layer one blockchain, is the most extensive ecosystem to introduce tokens, including additional altcoins such as Pixels (PIXEL), Space ID (ID), 1Inch (1INCH), Galaxy (GAL), Acala Token (ACA), Forta (FORT), and Ethena (ENA) which are also anticipated to launch their coins. These alternative cryptocurrencies may encounter

Binance Labs leads a $43 million investment in Sahara AI

August 15, 2024 2 mins read

Binance Labs, the investment division of Binance, has spearheaded a $43 million Series A funding round for Sahara AI, a business specializing in decentralized artificial intelligence (AI). Binance Labs’ investment underscores the increasing convergence of AI and blockchain technologies, showcasing their strong confidence in Sahara AI’s capacity to stimulate innovation in the industry. Although Sahara AI is a recent participant, it has already formed partnerships with prominent technology companies such

Russia legalizes crypto mining, recognizing it as a crucial part of its digital economy

August 10, 2024 1 min read

Russia has officially approved the activity of crypto mining, marking a key milestone in the governance of digital currencies. President Vladimir Putin has signed legislation that will come into force on November 1, 2024. The new legislation introduces fundamental principles about crypto mining, encompassing the mining of digital currencies, the formation of mining pools, and the operation of mining infrastructure. Only Russian entities that are recognized as legal entities and

BlackRock’s IBIT leads the ETF pack with over $157 million in net capital

August 10, 2024 1 min read

Farside Investors reports that BlackRock’s iShares Bitcoin Trust (IBIT) has established a dominant position in the market, boasting a net capital of more than $157 million. WisdomTree’s Bitcoin fund (BTCW) saw a significant influx of nearly $118 million in a single day, marking its highest inflow since its establishment. Since its introduction in January, BTCW has faced difficulties in competing with other Bitcoin ETFs since its net capital has never

Figure Markets Launches Exchange with Decentralized Custody and Democratized Prime Brokerage

A decentralized custody marketplace launches an exchange with decentralized custody

August 8, 2024 1 min read

Figure Markets, a decentralized custody marketplace for digital assets, has launched the Figure Markets Exchange, aiming to create a single platform for seamless trading across a wide range of assets. The exchange, initially launched as a US onshore exchange, plans to expand to an offshore exchange later this year. Top-tier members will benefit from being paid to trade, discounted borrow rates, and other advantages. The Figure Markets Exchange offers decentralized

Spot Bitcoin ETF trading volume surges to over $5.5 billion on August 6