Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
The 1inch team is demonstrating its unwavering confidence in its native token, 1INCH, through a series of significant acquisitions. Recently, the team made a notable purchase of 7.96 million 1INCH tokens, acquiring them at an average price of $0.22, amounting to a total expenditure of $1.75 million USDC. Recent Acquisition Details The latest purchase underscores … Read more
In a recent interview with Empire, Jeremy Allaire, co-founder and CEO of Circle, shared his forward-thinking vision on the future of digital currencies and their transformative potential. Allaire emphasized how the interconnected networks of the internet have facilitated nearly costless data transfer and suggested that a similar evolution is underway for digital currencies. Interconnected Networks … Read more
Mysten Labs, the innovative force behind the Sui blockchain, has unveiled their highly anticipated handheld gaming device, the SuiPlay0X1. Priced at $599, this cutting-edge device marks a significant milestone as the first to integrate the Sui blockchain, aiming to blend traditional gaming with blockchain technology seamlessly. The SuiPlay0X1, now available for preorder, is set to … Read more
In a dramatic turn of events, the U.S. stock market suffered a staggering loss of approximately $1.05 trillion in market value within just 24 hours. This single-day drop ranks among the most severe in recent years, reflecting a mix of weak economic data and individual company struggles that have rattled investors. A Devastating Market Drop … Read more
The NFT market has experienced a notable downturn in recent months, with sales figures falling dramatically from their peak earlier in the year. According to NFT tracker CryptoSlam, NFT sales have plunged 76% from the March peak of $1.6 billion. This article examines the recent trends in NFT sales, including quarterly performance, transaction volumes, and … Read more
In a significant move to enhance user satisfaction, WazirX has announced an early rollout of Phase 2 for INR withdrawals. Originally scheduled to commence on September 9th, the platform has advanced the timeline, allowing users to access up to 66% of their INR holdings more rapidly than initially planned. This update marks a key milestone … Read more
Avalanche (AVAX), the popular layer-1 blockchain platform, has been experiencing a period of volatility. Recent data suggests that a significant number of whales, or large-scale holders, are exiting their positions, potentially driving the price down to $11. Whale Activity and Price Correlation Whales, with their ability to move large amounts of AVAX, can significantly influence market sentiment and price direction. When whales sell their … Read more
As an editor who had the privilege of attending Coinfest Asia 2024, I can confidently say that this year’s event was a resounding success. Held in Bali, Indonesia, Coinfest Asia brought together a diverse array of industry leaders, innovators, and enthusiasts to explore the latest trends and developments in the cryptocurrency and blockchain space. Here’s … Read more
Korea Blockchain Week (KBW) stands as a premier event in the global blockchain arena, uniting industry leaders, innovators, and enthusiasts for an immersive exploration of blockchain technology’s latest advancements and trends. For first-time attendees, navigating this bustling event can be both exciting and overwhelming. To help you make the most of your KBW experience, here’s … Read more
In a recent discussion on Farcaster, Ethereum co-founder Vitalik Buterin shared his innovative thoughts on the concept of “for-profit cities,” which imagines urban areas run like business ventures, reminiscent of “Walmartopia” or “Teslaville.” This concept raises the question of whether cities should prioritize profit or the public good. Buterin advocated for a balanced approach, emphasizing … Read more