Vaibhavv Ali
Binance has announced a temporary suspension of deposits and withdrawals for tokens on the Optimism (OP) network. This suspension will take effect on January 9, 2025, at 17:00 UTC, and is being implemented to ensure a smooth and secure transition during the scheduled OP network upgrade and hard fork at 18:00 UTC on the same … Read more
The cryptocurrency market has recently experienced a downturn, with Bitcoin’s price falling to $96,200. However, Fundstrat Global Advisors co-founder Tom Lee remains bullish on Bitcoin’s future. In a recent CNBC interview, he predicted that Bitcoin could reach a staggering $200,000 in 2025 before ever dipping back to $50,000. Lee attributed this bullish outlook to several … Read more
Ethereum co-founder Vitalik Buterin has made headlines by adopting Moo Deng, a juvenile pygmy hippopotamus, at Thailand’s Khao Kheow Open Zoo. This heartwarming gesture is accompanied by a substantial $290,000 donation to the zoo’s conservation efforts. Moo Deng Meme Coin Surges News of the adoption sent shockwaves through the crypto market, propelling the MOODENG token’s … Read more
The price of XRP, the native token of the XRP Ledger, has seen a modest 1% increase over the past 24 hours, mirroring the overall cryptocurrency market’s subdued trading activity. This slight uptick follows a sharp decline from its recent peak near $2.875 earlier this month to a low of $1.984. This sell-off appears to … Read more
Usual (USUAL), a rising star in the Real-World Asset (RWA) stablecoin space, is attracting major investments and impressive growth. Here’s a breakdown: $18.5M Funding Secured: Binance Labs, Kraken Ventures, Coinbase Ventures, and others back Usual’s innovative stablecoin model. USD0 Stablecoin Surges: Market cap explodes from $20M to over $1.4B, making it the fastest-growing … Read more
Sponsored by Choi Eun-Seok of the ruling People Power Party, a new amendment to South Korean law aims to enhance oversight of cryptocurrency transactions to combat money laundering and foreign exchange crimes. Choi argues that the current lack of regulatory oversight in the crypto market has contributed to a rise in illegal activities. He emphasizes … Read more
Chainlink has introduced a groundbreaking solution called Smart Value Recapture (SVR) designed to recapture Maximal Extractable Value (MEV) lost to third parties in DeFi transactions. SVR aims to return approximately 40% of this lost value back to DeFi protocols, significantly enhancing their economic viability. How SVR Works: SVR operates by creating a parallel set of … Read more
The crypto market is experiencing a significant decline in volatility, as evidenced by a sharp drop in liquidations. Data from CoinGlass reveals that total liquidations over the past 24 hours have reached $240 million, a substantial decrease from the over $1 billion recorded on multiple occasions last week. Bitcoin, Dogecoin, and XRP Bear the Brunt … Read more
Shiba Inu (SHIB), the popular meme coin, has seen an astonishing surge in its burn rate, with recent data from the Shibburn tracking platform revealing a remarkable 936.52% increase in the daily rate at which SHIB tokens are being removed from circulation. This surge in burning activity is primarily driven by a few large transactions … Read more
Decentralized finance (DeFi) protocol Aave is considering the integration of Chainlink’s newly released Smart Value Recapture (SVR) oracle to address the issue of maximum extractable value (MEV) in its ecosystem. The proposal was introduced in Aave’s governance forum, and its main goal is to redirect profits from MEV-related transaction backrunning to benefit the protocol’s users. … Read more