Category: News

The global cryptocurrency market is facing significant turmoil, as its total market capitalization has dropped to levels last seen in November 2021. As of Tuesday, the overall market cap sits at approximately $2.86 trillion, according to CoinMarketCap, marking a sharp decline from the all-time highs seen earlier in 2024. The downturn has been exacerbated by… Continue reading Crypto Market Cap Falls to November 2021 Levels Following Bybit Hack and Memecoin Bust

In a bold move signaling its strong belief in Bitcoin’s long-term potential, Metaplanet, a prominent investment firm, has acquired an additional $12.9 million worth of Bitcoin (BTC). This purchase brings its total Bitcoin holdings to an impressive 2,235 BTC, reinforcing the firm’s position as a major player in the cryptocurrency market. Strategic Bitcoin Acquisition The… Continue reading Metaplanet Purchases Additional $12.9 Million in Bitcoin, Expanding Holdings to 2,235 BTC

In a move that will reassure its users, Bybit has successfully closed the gap in its Ethereum (ETH) reserves following a major exploit that saw a significant shortfall. CEO Ben Zhou took to social media and official channels to confirm that the exchange has made up the $1.4 billion deficit, restoring its full reserve holdings.… Continue reading Bybit CEO Confirms Exchange Has Closed Shortfall in ETH Reserves After $1.4 Billion Exploit

In a significant move within the non-fungible token (NFT) space, Opensea, one of the world’s largest NFT marketplaces, has reclaimed a dominant position in the market, surging to a staggering 71.5% of the total market share. This impressive resurgence follows the announcement of SEA, Opensea’s new utility token, which has fueled investor and collector interest… Continue reading Opensea Reclaims NFT Market Share, Surging to 71.5% After SEA Token Announcement

In a bold move to expand its footprint in the growing digital asset space, Standard Chartered has announced plans to launch a new Hong Kong Dollar (HKD)-backed stablecoin. The bank is collaborating with Animoca Brands, a leader in blockchain and gaming, and HKT, a telecom giant, to develop this new stablecoin. The initiative is aimed… Continue reading Standard Chartered Plans to Launch HKD-Backed Stablecoin with Animoca Brands and HKT

Bitcoin, the world’s leading cryptocurrency, has been experiencing a significant slowdown in network activity. The latest data reveal a sharp decline in transaction volumes. The 7-day moving average of Bitcoin network transactions has fallen to 330,000, representing a 55% drop from its peak of 730,000 transactions earlier in the network’s history. This marks a 12-month low,… Continue reading Bitcoin Network Activity Hits 12-Month Lows as Transactions Drop 55% from Peak

The world of NFTs and crypto tokens is continuously evolving, with innovative projects pushing the boundaries of what’s possible in digital art, collectibles, and decentralized finance. One such project making waves in the NFT space is Doodles, the beloved and vibrant NFT collection known for its colorful characters and engaging community. In an exciting new… Continue reading NFT Brand Doodles to Launch Solana-Based Token: Introducing DOOD

A New Reserve for Diversified Crypto Holdings World Liberty Financial (WLF), a DeFi platform backed by Donald Trump, has announced the formation of a strategic token reserve designed to strengthen its position in the cryptocurrency space. The initiative, named Macro Strategy, aims to diversify and fortify the platform’s holdings, with a particular focus on supporting… Continue reading World Liberty Financial Forms Strategic Token Reserve to Bolster Bitcoin and Platform Stability

The Pudgy Penguins NFT collection has weathered a storm of market volatility as the broader NFT sector sees price dips. Despite a general downturn in the market, the iconic collection has managed to remain a favorite among collectors, investors, and NFT enthusiasts, continuing to draw attention even as other projects falter. With NFT prices cooling… Continue reading Pudgy Penguins Navigate Market Swings as NFT Prices Dip and Abstract Debuts

A Bold Move to Align with Bitcoin MicroStrategy, the world’s largest corporate holder of Bitcoin, has officially rebranded as ‘Strategy’, signaling a stronger commitment to its Bitcoin-first approach. The company announced the change on Monday, stating that the new branding better reflects its vision of integrating Bitcoin into the core of its corporate strategy. The most… Continue reading MicroStrategy Rebrands as ‘Strategy’ to Highlight Bitcoin Focus