We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports For the first time ever, the collective market capitalization of tokens on the Bitcoin-based Runes protocol has eclipsed $2 billion, further upending the narrative that the…
Month: May 2024
Dragonfly-Backed Stablecoin, Agora, to Launch Natively on Sui
Agora, a stablecoin company that recently raised $12 million in its Series A funding round led by Dragonfly, has announced that it will launch its AUSD token natively on Sui. The company aims to produce a better stablecoin focusing on emerging markets, and sharing the revenue obtained with partners integrating AUSD in their services platforms. […] Source: https://news.bitcoin.com/dragonfly-backed-stablecoin-agora-to-launch-natively-on-sui/
Iggy Azalea’s anti-scam plan and crypto losses from hacks decline by 12%: Finance Redefined
In a bold move to combat crypto scams, Iggy Azalea pledges to burn her own coins. Source: https://cointelegraph.com/news/iggy-azalea-anti-scam-plan-crypto-losses-decline-finance-redefined
Bitcoin Hits Low End of Range, June Data Could Spark Change
Bitcoin’s price has maintained a remarkably tight trading range near $68,000 following the U.S. Memorial Day holiday, with a slight dip approaching the week’s low in Friday’s morning trading hours. At 11:45 am ET, bitcoin was priced at $67,300, down 1% over the past 24 hours and 2% from its peak two hours earlier at $69,000. The broader CoinDesk 20…
DMM Bitcoin Exchange Hit by $305M Hack
Japanese cryptocurrency exchange DMM Bitcoin has disclosed a significant breach resulting in the loss of 4,502.9 BTC, equivalent to $305 million, to hackers. The stolen funds were reportedly divided into 10 wallets, with each holding batches of 500 BTC, according to data provided by security firm Blocksec. In response to the breach, DMM Bitcoin has assured customers that it will…
US Should Join UK in ‘Blockchain Sandbox’ Free of Regulatory Meddling, SEC Commissioner Says
Hester Peirce, a leading member of the Securities and Exchange Commission (SEC), has signaled her support to a proposed cross-border “digital securities sandbox” between the U.S. and the U.K. In a Wednesday letter, SEC Commissioner Peirce praised the Bank of England and the Financial Conduct Authority (FCA) of the U.K. for proposing a local “digital securities sandbox” (DSS), which would…
Trump Ethereum Meme Coin Price Hits New High After Post-Verdict Dip
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports So much for Donald Trump meme coins crashing. MAGA (TRUMP) and other meme coins inspired by the former U.S. president plunged in price immediately after Thursday’s…
Nigerian Artist Davido’s Meme Coin Plummets Shortly After He Pockets $474,000 From Token Sale
Nigerian artist Davido has been accused of perpetrating an “outright scam” after pocketing over $468,000 from selling his recently launched meme coin. A prominent Nigerian crypto enthusiast claims Davido’s actions create problems for many legitimate crypto businesses and startups operating in good faith. Davido Offloads Meme Coin Hours After Promoting It to Followers The Nigerian […] Source: https://news.bitcoin.com/nigerian-artist-davidos-meme-coin-plummets-shortly-after-he-pockets-474000-from-token-sale/
Why is Bitcoin stagnated despite $2B in spot ETF inflows?
Reasons for BTC’s weakness include Mt. Gox coin movements, regulatory actions, and the U.S. Senate’s anti-crypto lobby. Source: https://cointelegraph.com/news/why-is-bitcoin-stagnated-despite-2b-in-spot-etf-inflows
Ether ETF approvals show staking may still be a security in SEC's eyes
The inclusion of staking in filings for Ether ETFs could have been an indication that regulators want to keep a back door open for future scrutiny. Source: https://cointelegraph.com/news/ethereum-etfs-staking-security-sec