Jito’s $210M Revenue Marks Solana’s Global Adoption
Solana has gained major traction in the ongoing year and most recently it was reported that it surpassed the Ethereum chain in terms of volume, and TVL.
In a most recent development, it has been noted that Jito the Solana-based staking pool has marked a major milestone by gathering a revenue of $100 million in priority fees and tips in November and December 2024.
As per a recent report by Kairos Research, a cryptocurrency researcher, Jito validators scaled tip revenue by an average of 32 per
Bitcoin to Slump At $60k Ahead of Trump’s Inauguration
In the last week, over 33,000 Bitcoins, estimated at more than $3.23 billion, have been shifted to exchanges.
The percentage of traders holding long positions on Bitcoin ($BTC) on Binance has gone down gradually, starting its fall from 66.73% and going to 53.60%.
As per the market analyst, Mark Newton, a back out to $60,000 may happen before $BTC skyrockets.
The price of Bitcoin is witnessing robust selling pressure after encountering rejection at $100k on December 25. On-chain data reveals
Hackers Clone Zoom to Target Cryptocurrency Investors
With the evolving technologies bad actors have developed several new ways to loot ones involved in cryptocurrencies. In a most recent development, a cybersecurity firm noted that hackers have successfully created a clone of Zoom, a popular video conferencing software.
According to SlowMist’s blog post, the attacker impersonated a genuine Zoom meeting link by using a domain that looked like “app[.]us4zoom[.]us.” The website was a close imitation of the real Zoom meeting interface.
The Frax Finance Community Votes in Favor of Adopting BUIDL
In just the last 9 months, we have witnessed prominent players such as DAOs and decentralized protocols put out large, public RFPs to examine.
As per the Dune Analytics data aggregated by 21Shares, around $3.4 billion worth of tokenized treasury funds are now on-chain.
Ethena Labs, the creator behind Ethena, manages the USD synthetic dollar, revealed on September 26 that it had a BUIDL-supported stablecoin in the industry.
The Frax Finance community has voted in favor of adopting BlackRock’s
FTX Co-Founder Ryan Salame’s Sentence Reduced to 1 Year
FTX has constantly remained in the spotlight since its evolution, especially after its collapse in late 2022. In a recent development, it has been noted that Ryan Salame the co-founder of FTX who was jailed over severe allegations of fraud, conspiracy, and others, has got a reduced sentence of 1 year without any clear specification.
The former executive officer of the exchange was jailed with others including Sam Bankman Fried, Nishad Singh Gary Wang, and others. Following the sudden demise of
Bonk Enthusiasts Express Frustration for Failing to Execute “Burnmas” on Xmas
In the beginning, BURNmas was anticipated for December 25. Ultimately, it surpassed the target and BonkDAO members voted on the side of an updated proposal to burn 1.69 trillion BONK tokens.
After the token burn event of December 26, the token has slumped by 7.2%, holding a market capitalization of $2.3 billion.
The token was not able to revive the same success it witnessed from a previous 100 billion BONK token burn on November 13, 2024.
Bonk, a meme-inspired cryptocurrency was not able to
Tether Backs Web3 Expansion: $2M Investment in Arcanum Fund
The issuer of one of the most traded cryptocurrencies, USDT has made its first dubbed in the venture capital investment, Tether has invested nearly $2 million in Arcanum Capital’s Arcanum Emerging Technologies Fund II.
Arcanum Emerging Technologies Fund II is a tokenized fund focused on the development, advancement, and growth of the Web3 industry.
As per the press release, the fund also intends to transform cross-border payments, privacy, and other banking services. Market experts argue that
India Cracks Down on Crypto Hawala Scam in Jaipur Raid
India, the nation with the highest crypto adoption has also become the hotspot for surging illegal activities related to cryptocurrencies.
As per the recent report in the Economic Times, the Income tax department of the national has identified and dismantled a multi-faceted hawala scam involving the usage of cryptocurrencies.
The illicit activity came into the spotlight following the raid on a couple of wedding planners based in Jaipur. In the raid, the authority seized digital assets of over
The Bank of Russia Asks Banks to Suspend Operations With CBDCs
Elvira Nabiullina, the governor of the Central Bank previously agreed that if the pilot projects become successful, the digital ruble will be introduced in a mass execution.
The consultation paper released in October 2020 included the reassurance of the central bank by its citizens that the suggested CBDC will accompany and not be put back.
The Russian bank has been operating a pilot project for its CBDC among local banks since last year.
The Russian Bank has accepted a new rule that will per
Hong Kong Stablecoins Bill Steps Up to the Legislative Council
If the bill becomes a law, issuers of stablecoins in Hong Kong must get a license from the Hong Kong Monetary Authority (HKMA), the central bank of the region.
The bill offers a shield for customers that affects the numerous market participants, adding issuers and distributors.
If the bill is imposed, Hong Kong may see a transformation in stablecoin use as followed by Europe when the Markets in Crypto-Assets (MiCA) rules came into action.
The presented idea of the Stablecoins Bill by Hong K
ETH Co-Founder Vitalik Donates for Zoo’s Pygmy Hippo Habitat
Vitalik Buterin the co-founder of Ethereum remains in the spotlight due to his back-to-back donation for welfare work, most recently Khao Kheow Open Zoo thanked Buterin for joining the Wildlife Sponsorship Program and adopting Moo Deng.
ETH’s co-founder, wrote a poignant letter to the director of Khao Kheow Open Zoo, expressing his enthusiasm for the zoo’s dedication to education and animal welfare.
Japan’s Clear No Over Bitcoin Reserves, Cites Legal Incompatibility
With the growing adoption, prices, and volume of cryptocurrencies, several giant investors including the nation have started to explore the potential of these digital assets.
In a most recent development, the government of Japan is cautious that holding Bitcoin as a national reserve might be a bare move, due to volatility and legal incompatibility.
The official release in the name of Prime Minister Shigeru Ishiba clarified the queries from NHK Protection Party’s member Senator Satoshi Hamada.
Binance Bitcoin Reserve Plummets While BTC Market Gains
The prices of Bitcoin have shown major correction in the ongoing year, and on the other hand, holders have also surged at an appreciable pace.
However, a recently published report clearly states that the Bitcoin reserve of Binance, the leading cryptocurrency exchange has fallen to a lower level since January 2024 for the first time.
As of writing Bitcoin prices have been trading at $98,100 with an addition of 131.96 percent in the Year-to-date frame and more than 62 percent in the half-yearly
Russia Plans to Ramp Up the Use of Digital Financial Assets (DFAs)
A lot of banks are careful when initiating transactions with Russian bodies, and they fear probable repercussions from Western regulators.
Siluanov showed confidence regarding the upcoming development phase and stated that these activities will continue to increase. By the coming year, it will be turned into reality.
Regardless of showing a positive side of using cryptocurrency, he has also alerted the natives against seeing crypto as a source of swift profits.
MoonPay’s $150M Helio Deal Could Redefine Crypto Payments
The known crypto payment giant, Moonpay is reportedly in talks with Helio Pay to acquire it, the acquisition could be finalized at the sum of $150 million. As per experts if the deal gets finalized it will become one of the biggest deals of the year in the crypto market.
Since its market entry, Moonpay has demonstrated its dedication to advancing the payment infrastructure in the cryptocurrency market.
To date, Moonpay has partnered with hundreds of firms to improve its services, and PayPal i
Crypto Trader Converts $90 Into $3.25M After Betting on UFD
A news and insights provider on crypto, Lookonchain reports about this incident and mentioned that the trader has gained around 36,067x returns over his UFD investment.
UFD or Unicorn Fart Dust is a memecoin based on the Solana blockchain which was created by a boomer who is a gold and a silver maxi.
Some traders with good experience and knowledge about crypto trading strategies have gained a handsome profit.
Despite the nature of cryptocurrency being highly volatile, traders can be witnessed
PENGU Token Hits New Milestones: 15% Growth in 7 Days
Since the beginning of this year till writing, the Solana chain has marked many major milestones, including a surge in the on-chain user base, overall trading volume, and prices of the tokens/coins leveraging the chain.
As per available data on CoinMarketCap, PENGU, the native token of Pudgy Penguins grew 15.71 percent in the past 24 hours, reaching $0.03533. It is worth noting that the trading volume saw a staggering spike of 181 percent, reaching $1.56 billion.