Category: Altcoin
‘Rewards-bearing’ is explained by Binance The BFUSD asset has not released and is not a stablecoin
On Monday, Binance revealed BFUSD, a new currency that some observers claimed resembled a high-yield stablecoin. Despite the “USD” suffix in its name, the cryptocurrency exchange giant later emphasized that…
Due to a favorable regulatory climate and ETF filings, XRP has increased by more than 20%
In a dramatic move for the cryptocurrency, the price of Ripple’s XRP token has surged by around 25% in the past day to hit its highest level since November 2021….
As the memecoin frenzy continues to drive network activity, 89% of new token releases are powered by Solana
With 89% of new tokens opting to launch on the network, Solana continues to dominate new token activity, even as Bitcoin makes headlines with new price milestones. Given that the…
Amid a surge in venture capital, Portal Ventures obtains $75 million to invest in pre-seed cryptocurrency firms
On Thursday, the venture capital firm Portal Ventures revealed on X that it is about to launch a $75 million fund that would be used to invest in pre-seed cryptocurrency…
To “allow the tokenization of anything,” Tether introduces the RWA platform
On Thursday, Tether, the company that issues stablecoins, announced the debut of Hadron, a platform for tokenizing real-world assets that will let users tokenize “anything.” From simple reference goods like…
The FBI seizes the Polymarket CEO’s phone and equipment: report
The New York Post reported, citing an unidentified source, that Polymarket CEO Shayne Coplan’s phone and equipment were confiscated by the FBI on Wednesday. A later piece by Bloomberg claims…
Huma Finance, a “PayFi” business, aims to broaden its trade financing offerings by expanding to Solana
To enhance its “instant liquidity solution,” Huma Finance, an EVM-based payment finance network, is launching on Solana. A program that offers authorized investors larger rates is launched at the same…
Canary Capital applies for the first-ever Hedera HBAR spot ETF to the SEC
Canary Capital is the first company to file for a Hedera spot exchange-traded fund with the U.S. Securities and Exchange Commission. On Tuesday, the cryptocurrency investment firm submitted an S-1…
After reaching a new all-time high, the polymarket odds for bitcoin surpassing $100,000 before year’s end rise to 57%
Following the token’s breach of a new all-time high, the Polymarket prediction market on whether bitcoin would cross $100,000 this year exploded. An individual share for “yes” in that prediction…
Muneeb Ali, the founder of Stacks, plans to launch the sBTC upgrade in early December
The next significant update to the network is imminent, according to the founder of Stacks, a blockchain created to expand bitcoin. The goal is [early December], which appears to be…
To hint at the coin launch, Polymarket remarked, “We predict future drops”
According to reports, the decentralized prediction market Polymarket is hinting at a token airdrop that would help users who want to exchange their winning wagers for further benefits. This would…
The CEO of the cryptocurrency company WonderFi was abducted and subsequently freed after paying a $1 million ransom: report
According to a CBC report, Dean Skurka, the CEO of WonderFi, a company based in Toronto, was abducted and then freed after paying a $1 million ransom. After being pushed…
Amid the AI and memecoin craze, Pump.fun achieves record income, rising to $30.5 million in October
With $30.5 million, Pump.fun, the notorious website that allows anyone to develop and launch a coin on Solana, has set a new monthly income record. This amount surpasses the previous…
Do Kwon’s now-defunct “Luna Foundation Guard” sells $52 million worth of AVAX tokens to the Avalanche Foundation
After more than two years, the Avalanche Foundation is ending its involvement with the defunct blockchain Terra. The foundation has completed repurchasing tokens from the Luna Foundation Guard, an entity…
Prior to the launch of a VPN, privacy firm Nym Technologies will repurchase $1 million in NYM tokens
Nym Technologies, a privacy-focused Swiss company sponsored by Andreessen Horowitz, intends to buy back $1 million worth of tokens. The goal of token buybacks, a fairly prevalent practice in cryptocurrency…
Introduction of SynFutures’ ‘Perp Launchpad’ and $1 million award program for decentralized derivatives startups
SynFutures, a decentralized derivatives firm, unveiled its Perp Launchpad, the first platform designed specifically for the establishment of perpetual futures markets. The launch coincides with a $1 million award program…
Crypto-casino Due to an Ethereum and Solana hot wallet exploit, Metawin loses $4 million
By taking use of the protocol’s frictionless withdrawal mechanism, an exploiter was able to take a sizable quantity of tokens from the Ethereum and Solana hot wallets of cryptocurrency casino…
Tether reports a net profit of $2.5 billion for the third quarter, for a total of $7.7 billion so far this year
According to its most recent attestation report, leading stablecoin supplier Tether reported on Thursday that it made $2.5 billion in profit in the third quarter. According to the cryptocurrency company,…
According to Immutable, the US SEC sent them a Wells notice into possible securities law violations concerning IMX
The U.S. Securities and Exchange Commission has indicated that it may file an enforcement action against blockchain gaming platform Immutable for potentially violating securities laws. The business said that soon…
The “most distributed” Solana airdrop is GRASS, with over 1.5 million addresses claiming tokens
Dune Analytics reports that the number of addresses that have claimed the GRASS token airdrop has increased to about 1.5 million. In terms of the total number of addresses that…