Hyperliquid Eyes $1B Funding to Boost HYPE Token Reserves
Back to News Hyperliquid Strategies, a digital asset treasury company that focuses on the Hyperliquid ecosystem, has submitted an S-1 registration statement to be listed on the public market with the U.S. Securities and Exchange Commission (SEC) to raise up to $1 billion. The company seeks to increase its treasury holdings and get a bigger […]
Ethereum Foundation Moves $654 Million in ETH Amid Scrutiny Over Transfers
Back to News According to blockchain analytics firm Arkham Intelligence, the Ethereum Foundation has moved 160,000 ETH (roughly $654 million) to a wallet that has been used for selling Ether in the past. This huge transfer by the foundation has been a topic of discussion about its financial operations and transparency of the foundation on […]
Kadena Winds Operations Down, KDA Token Price Plunges Over 60%
Back to News The company backing the Kadena blockchain, has announced that it is shutting down its business operations because of the unfavorable market conditions. The decision, which was made public on Tuesday via an official post on X (formerly Twitter), is the final chapter of the story of the blockchain project, one out of […]
110-Year-Old U.S. Retail Chain Bealls Now Accepts Crypto Payments
Back to News One of the oldest retail chains in America, Bealls, has become one of the big brands that use digital currencies. The company has made an announcement about a new partnership with Flexa, a leading digital payments platform, to allow cryptocurrency transactions in its wire network consisting of stores across the USA. Bealls, […]
Massive Withdrawals Hit Bitcoin ETFs Amid Market Volatility
Back to News According to SoSoValue, the combined outflow of funds from Bitcoin ETFs in the United States reached a record level for the day on Thursday since August by totaling $536.4 million. The important disinvestment reflects increasing investor caution in the face of the macroeconomic environment and geopolitical tensions. Only twelve spot bitcoin ETFs […]
Uniswap Enables Direct Solana Wallet Connectivity and SOL Swaps
Back to News Uniswap, a decentralized exchange, has expanded its support for the Solana network to its web app, marking a significant enhancement in its multi-chain accessibility. Currently, users can link their Solana wallets and exchange SOL tokens immediately, without needing to navigate through the various sections of the Uniswap Web App. Uniswap mentioned in […]
Binance Returns to South Korea with Gopax Acquisition
Back to News Binance, a Global crypto exchange, has formally completed its takeover of South Korean-based Gopax, a digital asset platform, paving the way for the giant to return to South Korea’s regulated crypto market. It was reported by MK News on Wednesday that after a long regulatory review period of more than two years, […]
$300T PYUSD Minted by Mistake: Paxos Confirms Ethereum Error
Back to News Stablecoin issuer Paxos ended up producing 300 trillion PayPal USD (PYUSD) tokens on the Ethereum blockchain without intending to on Wednesday afternoon and announced a “technical error” as the reason for the incident. The on-chain data shown by Etherscan reveals that the minting event took place at 3:12 p.m. ET from a […]
YZi Labs Backs Better Payment in $50M Seed Round
Back to News Better Payment Network (BPN), a payments infrastructure company focused on stablecoin, has got a $50 million seed funding round led by YZi Labs, the venture capital firm that used to be Binance Labs. In a statement published on Thursday, BPN said the fresh capital raised is going to be used for constructing […]
Bankman-Fried Claims Political Retaliation Behind Arrest
Back to News One of the most eye-popping claims made by Sam Bankman-Fried was that the Biden administration deliberately orchestrated his 2022 arrest to silence him in response to his donations to Republican politicians. The former FTX founder, who is now serving a 25-year sentence in prison, made such an assertion in an online post. […]
Stricter Crypto Oversight Ahead as Japanese Regulators Take Action
Back to News Japan’s financial regulations are about to get a lot stricter as the authorities are mulling over a fresh set of rules that are intended to make it illegal even more explicitly for insiders to trade cryptocurrencies. According to the report of Nikkei Asia, the Financial Services Agency (FSA) is planning the filing […]
Binance Rejects Token Listing Profit Allegations, Terms Them ‘Defamatory’
Back to News Global crypto exchange Binance stated on Tuesday that it “does not profit” from its token listing process, refuting allegations made earlier in the day by CJ Hetherington, CEO of Limitless Labs, a blockchain and AI development firm. The argument erupted in the open after Hetherington published what he pretended was a “proposal” […]
