Recovered from the SITE123 blog, Aug 2026. Imported as drafts for review.
Coinbase Global Inc. (NASDAQ: COIN) announced its Q1 2024 financial results on May 2. It stated the following in its Shareholder Letter: “Strong conditions in the cryptocurrency market, continued operational discipline, and our targeted execution of product expansion are the reasons behind our Q1 financial performance. Our entire revenue was $1.6 billion, and our net … Read more
Ryan Salame, the former co-chief executive of FTX Digital Markets, has consented to give up his multimillion-dollar Bahamas property as part of a plea deal in a criminal prosecution. Ryan Salame has consented to surrender his $5.9 million Bahamas home, per a request filed on May 1 with the United States Bankruptcy Court for the … Read more
Just days after announcing its initial airdrop, Ethereum restaking protocol EigenLayer is now airdropping an additional 28 million of its native EIGEN coins to over 280,000 wallets. EigenLayer declared on Monday that it will give away 15% of its whole supply to the community; nevertheless, a number of users felt that the company’s airdrop program … Read more
According to Synthetix founder Kain Warwick, trading memecoin can be extremely beneficial for decentralized exchanges (DEXs) because it can draw flows from a large number of non-traditional DeFi traders. “He went on to say that he wasn’t quite convinced by memecoin detractors’ claims that the assets weren’t producing any value,” says Warwick. Infinex, Warwick’s “on-chain … Read more
With the emergence of SocialFi, social media—once a place for funny cat videos and trip pictures—may be about to undergo a major transformation. This emerging movement aims to combine the decentralized strength of cryptocurrencies with the well-known realm of social networking. However, will SocialFi turn out to be a passing fad or the next great … Read more
The largest stablecoin in the world, Tether, announced that it has partnered with Chainalysis, a blockchain data platform, to track secondary market activity and thwart illegal activities. Tether, the company that issues the cryptocurrency “USDT,” which is based on the US dollar, announced in an announcement that it is introducing new Chainalysis monitoring and analysis … Read more
Today, early in the morning in Asia, Block Inc. CEO Jack Dorsey unveiled the company’s most recent strategy. Dorsey announced that it plans to use the dollar-cost averaging (DCA) technique to buy Bitcoin (BTC) on a monthly basis. Block’s dedication to incorporating Bitcoin into its financial plan is demonstrated by this action. It also highlights … Read more
The current dip in Bitcoin BTC bears some parallels to the cryptocurrency’s behavior following the debut of the US ETF in January. A trader has indicated that this could indicate an upsurge in the “next week or so.” Exchange-traded funds (ETFs) for spot bitcoin were introduced in Hong Kong on April 30 and have since … Read more
Trezor, a producer of cryptocurrency hardware wallets, said today that the coinjoin feature in its Trezor Suite will no longer be available. The Wasabi Wallet’s creator, zkSNACKs, is collaborating with us to offer this service, which will end in June. Trezor guarantees users that money in their Coinjoin accounts will still be available even after … Read more
It’s Friday, which means it’s time for the expiration of bitcoin options. It is anticipated that $1 billion in Ethereum (ETH) options and $1.39 billion in Bitcoin (BTC) options will settle today. What will happen to the prices of ETH and BTC? Today will see the expiration of Bitcoin options contracts worth about $1.39 billion. … Read more