Browsing:Crypto News

FTX exchange plans to sell $1B worth Anthropic shares
5 days ago 1 min read

FTX exchange plans to sell $1B worth Anthropic shares

FTX, the defunct crypto exchange, has been approved by the Delaware bankruptcy court to sell 7.84% stake in AI startup Anthropic, which is worth around $1.4 billion. According to reports, the sale is expected to add around $1 billion to FTX’s existing $6.4 billion cash. Note that FTX’s former CEO, Sam Bankman-Fried, invested $500 million in Anthropic in April 2022. In addition, the sale is part of a larger scheme of customer fund reimbursement. Since the fall of FTX exchange in November 2022, the exchange owes over $3 billion to around one million customers. The exchange has sought several strategies,

Co-founder of Axie Infinity losses over $9.7 million worth of Ethereum to hackers
5 days ago 1 min read

Co-founder of Axie Infinity losses over $9.7 million worth of Ethereum to hackers

Jeff Zirlin, co-founder of Axie Infinity, has confirmed that his crypto wallets were compromised, resulting in a loss of $9.7 million worth of Ethereum. The breach, which affected two of Zirlin’s addresses, was confined to his accounts and did not affect the Ronin chain or Sky Mavis’ operations. Security analytics firm PeckShield reported the breach first, involving a “whale wallet” linked to Zirlin. Even if there has been a noticeable decline in crimes involving crypto in 2023, this event highlights the ongoing dangers in the digital asset industry. Moreover, Jeff Zirlin made it clear that the crypto wallet hack only

Reddit revealed that it holds BTC and ETH in treasury reserves
5 days ago 1 min read

Reddit invests in Bitcoin and Ether, and acquires Matic for virtual goods sales

Reddit Inc has revealed that it holds Bitcoin and Ether in treasury reserves, with Ether and Matic received as payment for sales of certain virtual goods. “We invested some of our excess cash reserves in Bitcoin and Ether and also acquired Ether and Matic as a form of payment for sales of certain virtual goods, which we may continue to do in the future,” the social media of the firm said, adding: Ether and Matic received from the sales of virtual goods was not material for the years ended December 31, 2022 and 2023. In addition, the company said they

TRON-TRX
6 days ago 1 min read

TRON Network reaches $1.758 million in fee revenue, achieving an all-time high

On February 20, TRON Network’s fee revenue surged to $1.758 million, signaling a noteworthy achievement for the blockchain network. The burning of around 12,622,236 TRX tokens, a practice that eliminates transaction fees by destroying tokens, contributed significantly to this momentum and is consistent with TRON’s deflationary model. TRON Network is ranked fifth among blockchain protocols based on its daily accrued revenue, following all-time revenue growth. With respective revenues of $12.06 million, $3.05 million, $3 million, and $1.66 million, Ethereum, Uniswap, Lido, and Bitcoin lead the group. Furthermore, the network is ranked second in terms of Total Value Locked (TVL) at

MetaMask wallet approaches 32 million users
6 days ago 1 min read

MetaMask user base reaches nearly 32M, suggesting a potential crypto bull run ahead

As anticipation grows for a crypto market surge, the MetaMask wallet approaches 32 million users, matching its peak from January 2022. As Bitcoin (BTC) and Ethereum (ETH) prices rise sharply, the user base of the crypto wallet MetaMask has increased by over 50% in just four months, from 19 million in September 2023 to over 30 million in January 2024. There are similarities between this growth phase and the crypto boom of late 2020, which suggests we could be about to witness another bull run. Leading this trend is MetaMask, which is known for how it manages crypto using a

BlockFi gave major exchange Kraken almost $50 million worth of digital assets
6 days ago 1 min read

Bankrupt BlockFi moves around $50 million in digital assets

According to reports, Bankrupt BlockFi moved almost $50 million worth of digital assets to the crypto exchange Kraken, including a substantial position in Chainlink (LINK). The transfer of around 2.4 million LINK tokens, worth over $48.37 million, has generated debate about the possible future price impact. Bankrupt BlockFi transferred its LINK holdings to Kraken recently, along with tokens like UNI, AVAX, and MATIC, according to on-chain monitor EmberCN. This move is a step in the liquidation process, as the company’s bankruptcy case is still pending. In September 2023, BlockFi received court approval to begin client repayments as part of its

The most current data available from CoinShares indicates that last week saw record inflows of $2.45 billion globally into crypto funds
1 week ago 1 min read

BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares had record inflows of $2.45 billion last week

The most current data from CoinShares indicates that last week saw record inflows of $2.45 billion globally into crypto funds managed by asset managers. This includes BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares. With $5.2 billion raised for digital asset investment products so far this year, the new US-listed Bitcoin exchange-traded funds (ETFs) have proven to be the most successful thus far. According to CoinShares Head of Research James Butterfill, assets under management (AUM) at crypto investment firms have surpassed $67 billion, the highest amount since December 2021, the height of the previous bull market. Not to mention the recent

Worldcoin (WLD) has seen a 20% increase in value in a single day
1 week ago 1 min read

Worldcoin (WLD) surges as Bitcoin leads market surge

Worldcoin (WLD) has seen a 20% increase in value in a single day, following the upward trend of the market as a whole. The crypto market was primarily driven by Bitcoin (BTC) and Ethereum (ETH). Following this, a crypto whale profited from Worldcoin’s rise by transferring 2.09 million WLD tokens from Binance, making a profit of about $2.5 million and demonstrating the high-reward potential present in the erratic crypto market. With Worldcoin’s performance, the crypto market as a whole—particularly for BTC and ETH—has surged to all-time highs. The first spot Bitcoin Exchange-Traded Funds (ETFs) were introduced in the US, which

Worldcoin Project
2 weeks ago 1 min read

Worldcoin (WLD) experiences a 20% surge in value, drawing in investors

Recently, Spot On Chain disclosed that Worldcoin (WLD) experienced a 20% surge in value, drawing in investors and yielding substantial profits for an undisclosed whale trader amid a surge in artificial intelligence (AI) interest. This whale made a significant purchase of WLD when it transferred 2.09 million tokens from Binance, valued at $5.82 million. As a result, the WLD token saw a price surge of over 25%, adding $2.15 million to the whale’s $8.03 million in holdings. The last 7 days have seen an increase of over 85% for Worldcoin (WLD). With a market cap of $607 million, Worldcoin is

One crypto project centered around artificial intelligence (AI) may rise for months
2 weeks ago 1 min read

This crypto analyst believes Fetch.ai (FET) may rally much higher from its current value

One crypto project centered around artificial intelligence (AI) may rise for months, according to a well-known crypto analyst. On the social media platform X, the anonymous trader Altcoin Sherpa informs his followers that the decentralized AI platform for applications, Fetch.ai (FET), could rise “much higher” than its current value. Based on his chart, the crypto trader says that FET bounced off the upper bound of a previous trading range at $0.55 and that $0.76 is the next significant level of resistance. As of this writing, FET is trading at around $0.70, up 6.7% over the previous day. In addition, the

VeChain (VET)
2 weeks ago 1 min read

VeChain (VET) price jumps by over 65% over the past week

The altcoin (other coins than Bitcoin) market has seen a lot of activity during Bitcoin’s recent surge to over $52,000, which was followed by profit-taking. VeChain (VET) is a standout performer in this regard. VET has increased by over 65% in the last 7 days, outperforming many digital assets in the crypto market. VeChain is illustrating a larger trend of gains in the market as it is trading at $0.04809 at the time of writing, which is higher than levels last seen in April 2022. This indicates a noteworthy daily increase of over 35%, along with an increase in trading

Bonk Bonk
2 weeks ago 1 min read

BONK memecoin surges by over 15% ahead of potential Revolut listing

Solana-based memecoin Bonk (BONK) saw a 15% increase in value due to rumors that it would soon be listed on Revolut’s exchange. Renowned fintech company Revolut is considering collaborating with Bonk on a “Learn and Earn Campaign.” The program, which BonkDAO announced in a note on February 14, attempts to increase the memecoin’s user base by a target of 500,000. The decentralized autonomous BonkDAO, which is in charge of the Bonk project, stated how many people use Revolut—38 million people in more than 50 countries. Reaching its goal of adding more users would be possible for BonkDAO if it could