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$155 Billion Token Unlock Looms: Binance Research Report

Cryptonite UAE

In recent times, the cryptocurrency market has seen a pattern where tokens are introduced with substantial fully diluted valuations (FDVs) but relatively low initial circulating supplies.  This setup, often influenced by venture capital (VC) funding and optimistic market sentiment, can lead to unsustainable price surges following token generation events (TGEs) and significant selling pressure once … Read more

ONDO Price Surges Over 9% After $5.7 Million Whale Investment

Cryptonite UAE

Lookonchain, an on-chain analytics platform, recently disclosed an intriguing transaction involving a crypto whale. On May 16, the whale initiated a transfer of 1,870.68 ETH from the cryptocurrency exchange Gemini to a newly created wallet.  Subsequently, the whale utilized 1,870 ETH from this wallet to acquire 6 million ONDO tokens. This transaction has garnered considerable … Read more

Bitpanda’s 2023 Financials: Crypto Exchange Reveals Profitability

Cryptonite UAE

Bitpanda, a cryptocurrency exchange based in Europe, has disclosed its financial performance for the year 2023, revealing a resurgence in profitability following a period of substantial investments. Following substantial investments made in the company during 2022, Bitpanda experienced notable growth throughout 2023 and anticipates continued expansion in the initial quarter of 2024. Growth in revenue … Read more

Paradigm Introduces ‘Block Trading’ Facility for MATIC, SOL, XRP Options

Cryptonite UAE

On Monday, Paradigm, a crypto over-the-counter liquidity network, announced the launch of a block trading facility on the leading derivatives exchange Deribit for options linked to major alternative cryptocurrencies MATIC, SOL, and XRP.  Paradigm stated on X that clients can now execute block trades in Polygon (MATIC), Solana (SOL), and Ripple (XRP). These linear options … Read more

JamboPhone: Bridging the Gap to Web3 for Emerging Markets

Cryptonite UAE

The digital economy is booming, but access can be a challenge in developing regions. To address this, Aptos and Jambo have joined forces to create the JamboPhone – a $99 smartphone designed specifically for emerging markets. This innovative device aims to bridge the gap between traditional mobile experiences and the exciting world of Web3. Affordability … Read more

Play Games, Earn Crypto: The TOWER Play-to-Earn Opportunity in Crazy Defense Heroes

Cryptonite UAE

The TOWER token presents an innovative concept by merging Free-to-Play with Play-to-Earn, enabling users to earn TOWER simply by engaging with games like Crazy Kings (iOS) and Crazy Defense Heroes (Android and iOS). TOWER serves as an ERC-20 fungible utility token designed for the Crazy Kings game franchise, encompassing titles like Crazy Kings, Crazy Defense … Read more

Beware! TON Phishing Scam Targets Users with Fake 5,000 USDT Offer

Cryptonite UAE

Slow Mist founder recently disclosed a concerning revelation about a new phishing scam exploiting the Telegram Open Network (TON) transfer mechanism to trick users into receiving apparently low-cost USDT tokens. The scam operates by disseminating deceptive messages on the TON blockchain, falsely suggesting the receipt of substantial amounts of USDT, such as “Received +5,000 USDT.” … Read more

AI Takes Over DeFi? Starknet Unveils On-Chain Autonomous Agents

Cryptonite UAE

Starknet, an Ethereum layer-2 blockchain, is gearing up to introduce AI agents capable of autonomously executing on-chain tasks like optimizing yield and adjusting portfolios for users. Giza, a company focused on integrating AI into blockchain systems, secured a $3 million pre-seed funding round led by CoinFund in July 2023 and is leading this initiative. Renç … Read more

Binance Steps Up to Address DWF Labs Market Manipulation Claims

Cryptonite UAE

Binance has refuted recent accusations regarding alleged market manipulation by DWF Labs. Claims of market manipulation by DWF Labs have resurfaced, with an anonymous source purporting to be a former Binance insider alleging that Binance investigators discovered $300 million worth of wash trading from DWF during 2023, as reported by the Wall Street Journal on … Read more

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