News

Solana’s total value locked surpasses $6 billion in October

October 15, 2024 1 min read

In October, Solana achieved a remarkable milestone, with its total value locked (TVL) exceeding $6.1 billion, the highest it has been since January 2022. This surge indicates a growing trust and engagement among users on the platform. TVL is an important metric in decentralized finance (DeFi) that reflects the total value of assets held in various projects. An increase in TVL typically points to more users investing their assets in

Ethereum’s daily active addresses surges by over 20%

October 15, 2024 2 mins read

Ethereum is currently experiencing a notable increase in user engagement, with daily active addresses rising by 21%. This surge in activity typically suggests a growing user base, which could support price increases. However, despite this uptick, Ethereum’s price remains under pressure, hovering around $2,533. Traders are actively selling, which has made it difficult for the token to break through significant resistance levels. The rise in unique addresses conducting transactions indicates

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

Ripple CEO Brad Garlinghouse accuses the SEC of defying court rulings on XRP

October 15, 2024 1 min read

The ongoing clash between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) shows no signs of resolution. Recently, Ripple’s executives took to social media to voice their discontent, claiming that the SEC has disregarded a recent court ruling regarding XRP. Stuart Alderoty, Ripple’s Chief Legal Officer, continues to challenge the SEC’s assertion that XRP qualifies as a security, despite a favorable ruling from the court. Ripple’s CEO, Brad

South African tax authorities require citizens to declare crypto assets under new rules

October 15, 2024 1 min read

The South African Revenue Service (SARS) has recently urged taxpayers to declare their cryptocurrency holdings as part of its Voluntary Disclosure Programme (VDP). This move comes in light of the increasing popularity of digital currencies like Bitcoin and Ripple’s XRP among South Africans. With the rise in crypto transactions, SARS’ announcement was anticipated, especially after the Financial Sector Conduct Authority (FSCA) classified cryptocurrencies as financial instruments. A recent survey indicates

Ethereum co-founder Vitalik Buterin sells over $2 million in meme coins

October 14, 2024 1 min read

Vitalik Buterin, the co-founder of Ethereum, has recently sold over $2 million in meme coins, continuing his trend of using the proceeds for charitable donations. In just 24 hours, he made significant sales, totaling 908.77 ETH, which is around $2.24 million. This includes selling 10 billion Moodeng tokens and 200,000 MSTR2100 tokens, among others. Buterin’s commitment to philanthropy is evident, as he has already donated a substantial portion of his

Arkham Intelligence intends to launch its own crypto derivatives exchange next month

October 14, 2024 1 min read

Arkham Intelligence is gearing up to launch its own crypto derivatives exchange next month, as reported by Bloomberg News on October 11. This announcement has sparked a notable 12% increase in the value of its native token, ARKM, which has been on the rise alongside the broader market recovery. Currently, ARKM is trading at $1.51, reflecting a 16% gain in just 24 hours. The new exchange will be based in

US spot Bitcoin ETFs see over $250M inflows last week

October 14, 2024 1 min read

On October 11, US spot Bitcoin exchange-traded funds (ETFs) saw a significant turnaround with net inflows of $253.6 million, following a few days of withdrawals. According to data from Farside Investors, the Fidelity Wise Origin Bitcoin Fund led the way with an impressive $117.1 million influx, closely followed by the ARK 21Shares Bitcoin ETF, which attracted $97.6 million. The Bitwise Bitcoin ETF also had a notable day, receiving $38.8 million,

AVAX surges by over 16% in the last 48 hours as Avalanche Foundation plans to repurchase 1.97M tokens

October 12, 2024 1 min read

AVAX, the crypto associated with the Avalanche blockchain, has experienced a remarkable 16% increase in value within just 48 hours. This surge follows the announcement that the Avalanche Foundation plans to buy back 1.97 million tokens previously sold to the Luna Foundation Guard (LFG) in April 2022. The deal is awaiting approval from a bankruptcy court. After a minor dip on October 10, AVAX’s price rebounded from a support level

Defunct crypto exchange Mt. Gox pushes its repayment deadline to October 2025

October 12, 2024 1 min read

The defunct cryptocurrency exchange Mt. Gox has extended its repayment deadline to October 31, 2025, pushing it back by a year from the previous date. This decision was made with court approval, as the Rehabilitation Trustee aims to ensure that repayments to creditors are carried out as smoothly as possible. This marks the second postponement of the repayment timeline; earlier in 2023, the deadline was shifted from October 31, 2023,

A crypto whale loses $35M in fwDETH on Blast network due to phishing permit attack

October 11, 2024 1 min read

A recent phishing attack on the Blast network resulted in a crypto whale losing around $35 million in Few Wrapped Duo ETH (fwDETH) tokens. The incident was initially reported by Scam Sniffer and later confirmed by security firms PeckShield and BlockSec. The victim inadvertently signed a fraudulent “permit” signature, which allowed the attacker to access and drain funds from their wallet. fwDETH is a wrapped version of Duo ETH (DETH),

MicroStrategy’s net asset value premium hit 2.5 times it’s bitcoin holdings

October 11, 2024 1 min read

MicroStrategy, a company that identifies itself as a Bitcoin Development Company, has seen its stock performance soar in relation to Bitcoin’s price, reaching a premium not seen in over three years. The company’s net asset value (NAV) premium, which is calculated by comparing its market capitalization to the value of its Bitcoin holdings, has climbed to approximately 2.5. As of the last market update, MicroStrategy’s market cap stood at around