$330 Million in Crypto Longs Liquidated as Bitcoin Tumbles Below $43,000
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Bitcoin Plunges 12% in 7 Days as BlackRock Collects $1.1 Billion From ETF

The historic arrival of Bitcoin exchange-traded funds (ETFs) to Wall Street has been the talk of the crypto world since traditional finance titan BlackRock filed its application for the investment product last June.  After finally getting approval last week and starting trading, BlackRock is doing well: its iShares Bitcoin Trust (IBIT) is now sitting on over $1 billion in assets…

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‘Crypto Unicorns’ Game Ditching Polygon for Arbitrum’s Xai Network
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‘Crypto Unicorns’ Game Ditching Polygon for Arbitrum’s Xai Network

One week after launching its massive XAI token airdrop, Arbitrum’s Xai gaming network has another big piece of news: Blockchain game developer Laguna Games is migrating Crypto Unicorns and related NFT games over from Ethereum sidechain network Polygon. Founded in 2021, the expanding Crypto Unicorns ecosystem includes the core land-based building and battling experience, spinoff jousting, and party games. The…

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Half of Game Devs Use AI, But Creatives Are Wary: Survey
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Half of Game Devs Use AI, But Creatives Are Wary: Survey

A new report by video games news outlet Game Developer and the Game Developer Conference (GDC) highlighted the difficult year the video game industry faced in 2023, including studio closures, layoffs, and the impact of generative AI. “To say it’s been a tough year for game developers would be an understatement,” Game Developer publisher Alissa McAloon said in the report.…

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Tether Snaps Up More Bitcoin, Brings Holdings to $2.8 Billion
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Tether Snaps Up More Bitcoin, Brings Holdings to $2.8 Billion

Stablecoin giant Tether has bought more Bitcoin (BTC), bringing its total holdings of the digital asset to over $2.8 billion.  Blockchain data shows a BTC address associated with Tether received 8,888 BTC—$379 million—at the end of December.  The buy brought Tether’s holdings to a total of 66,465 BTC. That means it is one of the biggest private companies holding BTC.…

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DeFi Exchange dYdX Dethrones Ethereum's Uniswap as Token Outpaces the Market
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DeFi Exchange dYdX Dethrones Ethereum’s Uniswap as Token Outpaces the Market

In a significant leap for decentralized exchanges (DEX), dYdX has now clinched the title of the largest DEX by daily trading volume, surpassing Uniswap v3 on Ethereum. This milestone follows a strategic migration from Ethereum to Cosmos and the subsequent activation of full trading under the new infrastructure. According to data from CoinMarketCap, the v4 version of dYdX on Cosmos…

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PIXEL Token Launch 'Very Close' as Pixels Game Sets Play-to-Airdrop End
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PIXEL Token Launch ‘Very Close’ as Pixels Game Sets Play-to-Airdrop End

Pixels, a popular web-based farming and social game that uses Ethereum sidechain network Ronin, announced that it will end its Play-to-Airdrop 2.0 campaign on Friday, setting the stage for the long-awaited PIXEL token launch and distribution to players. The Play-to-Airdrop 2.0 initiative, which lets players climb the in-game leaderboard for a chance to earn PIXEL tokens, will finish tomorrow, January…

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As EU’s Landmark Crypto Rules Come Into Force, Do We Already Need MiCA 2.0?
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EU Provisionally Agrees Tougher AML Rules for Crypto Firms

The EU Council and Parliament has reached a provisional agreement on parts of an anti-money laundering (AML) package that would require crypto firms to follow stricter due diligence requirements. In a statement, the European Council said that the new rules will cover “most of the crypto sector,” requiring crypto-asset service providers (CASPs) to conduct due diligence on customers carrying out…

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Trump Vows to 'Never Allow' U.S. CBDC if Reelected
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Trump Vows to ‘Never Allow’ U.S. CBDC if Reelected

Former U.S. President Donald Trump has pledged to “never allow” the creation of a U.S. central bank digital currency (CBDC) if reelected. During a campaign speech in New Hampshire, Trump called CBDCs a “dangerous threat to freedom.” In a “promise to protect Americans from government tyranny,” Trump said that, “as your President, I will never allow the creation of a…

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