Vaibhavv Ali
The Floki cryptocurrency project is set to launch an Exchange-Traded Product (ETP) on the SIX Swiss Exchange in early 2025. This follows a resounding approval from the Floki DAO, with 99.9% of votes in favor of allocating liquidity for the ETP’s establishment. This move positions Floki as the only memecoin besides Dogecoin to have an … Read more
Bybit, a leading cryptocurrency exchange, announced the integration of Tonstakers, a popular liquid staking solution, within its Web3 Wallet. This integration allows users to stake their TON tokens directly within the wallet, earning attractive rewards while maintaining liquidity. Tonstakers, with a Total Value Locked (TVL) exceeding $260 million, is a prominent protocol for liquid-staking … Read more
Ethereum’s NFT trading volume surged to $186 million last week, marking a significant 67% increase from the previous week’s $111 million and reaching a three-month high. This surge contrasts sharply with the activity on other chains, with Bitcoin, the second-largest NFT ecosystem, recording only $33 million in weekly volume. The primary driver of this surge … Read more
Shiba Inu (SHIB), the second-largest meme coin by market capitalization, has experienced a significant price drop in the past 48 hours, mirroring the broader cryptocurrency market downturn. In the last 24 hours alone, SHIB has seen a 3% decline, with other meme coins following suit. Contributing to this decline is a surge in whale selling … Read more
Binance Wallet has significantly expanded its ecosystem by adding support for nine innovative decentralized applications (dApps). These new additions include UniSat, ALPHA-X, WOOFi, oooo Protocol, DeSyn Protocol, Prosper, Eddy Finance, Matrixdock, and Jasper Vault. This diverse range of dApps offers users access to a variety of functionalities, including: Cross-chain transactions: Facilitating seamless asset transfers across … Read more
The Bitcoin ETF market continues to evolve with the introduction of novel investment strategies. ProShares has filed applications for a series of hedge ETFs that aim to provide Bitcoin exposure while mitigating risks. These ETFs will combine long positions in traditional assets like stocks (S&P 500, Nasdaq 100) and gold with short positions on the … Read more
The IRS has introduced a new rule that will significantly impact the decentralized finance (DeFi) landscape. Starting in 2027, DeFi platforms will be classified as brokers, requiring them to collect and report user trading data to the IRS, including names, addresses, and transaction details. Industry Pushback: This rule has faced strong opposition from the … Read more
Magic Eden’s native token (ME) rallied in late December, driven by increased trading activity on the platform. This surge coincided with a listing on Binance and a significant airdrop, though experts caution against overinterpreting this as a broader NFT market revival. Key Takeaways: Trading Volume Rebound: December saw a 65% increase in trading volume compared … Read more
The National Bank of Cambodia (NBC) has made a significant shift in its crypto stance, authorizing commercial banks and payment institutions to offer services involving Category 1 crypto assets, such as stablecoins. This move, outlined in a directive issued on December 26, marks the first time the NBC has approved such services. However, the directive … Read more
The Russian government has taken a significant step towards embracing cryptocurrency, approving the use of Bitcoin (BTC) and other digital financial assets (DFAs) in international trade. This move aims to circumvent Western sanctions that have severely impacted Russian businesses. Finance Minister Anton Siluanov confirmed the decision, stating that Russian companies can now utilize Bitcoin mined … Read more