Solana Labs has announced a cheaper follow-up to its original Solana Saga smartphone, called Saga "Chapter 2," which is set to launch in 2025 at a preorder price of $450 and is designed to be a crypto-native phone built for the Solana ecosystem.
BlackRock's CEO, Larry Fink, is considering launching an Ethereum-based exchange-traded fund (ETF) following the success of the Bitcoin ETF, but issuers may face challenges in selling another crypto diversification tool to investors who already own the Bitcoin ETF, according to Sui Chung, the CEO of CF Benchmarks.
Manta Network has surpassed Coinbase's Base network to become the fourth largest Ethereum layer-two scaling solution, with a total value locked (TVL) of $840 million and an upcoming airdrop of 50 million tokens, driven by its bridging feature and potential for airdrops for users.
Grayscale Bitcoin Trust (GBTC) continues to experience net outflows as investors sell following its conversion to a spot ETF, with the owner sending an additional 9,000 bitcoin to an exchange, causing a temporary drop in BTC's price.
Web3 startups are facing a significant decline in funding, with second-quarter funding in 2023 dropping by 76%, but there is still potential for decentralized databases in navigating new data regulatory regimes and expanding into new markets.
Bitcoin may decline in value as the Federal Reserve starts cutting rates, according to crypto analyst Benjamin Cowen, who also warns of a potential dip in Bitcoin to test levels within the bull market support band.
The Ethereum (ETH) price broke out from long-term resistance levels, with analysts predicting a potential parabolic increase and targets of $3,500 and $5,000 in the short term, and a potential increase of 1,000% to $27,000 in the long term.
Chainlink's Cross-Chain Interoperability Protocol (CCIP) has integrated Circle's Cross-Chain Transfer Protocol (CCTP) to enable easy transfer of USDC across multiple chains, allowing for cross-chain use cases and decentralized finance (DeFi) interactions.
The first-ever bitcoin-based rental contract has been signed in Argentina, marking a significant milestone for crypto adoption in the country and potentially worldwide. The rental agreement stipulates that the monthly rent will be paid in bitcoin, following the approval of a law allowing bitcoin to be used as a valid currency in official contracts.
Elon Musk's social media platform X has obtained a new money-transmitter license as it aims to revolutionize payments in 2024 and compete with PayPal, Visa, and banks, while Musk himself still holds a significant amount of dogecoin and Tesla owns over 10,000 bitcoin.
The Securities and Exchange Commission (SEC) has approved 11 applications to create spot Bitcoin exchange-traded funds (ETFs) sponsored by major investment firms like BlackRock, Fidelity, Invesco, Ark Invest, and others, offering investors exposure to Bitcoin without directly purchasing the cryptocurrency. The three recommended ETFs are Bitwise, which has the lowest fees and plans to donate 10% of profits to Bitcoin development; Fidelity, which serves as both the sponsor and custodian of the ETF, providing control over security and risk management; and VanEck, which has a low-cost structure, raised significant initial capital, and promises to allocate 5% of profits to Bitcoin development.
Bitcoin has experienced selling pressure following the debut of spot ETFs, with Binance, OKX, and Upbit being the most affected exchanges, leading to a 12% drop in price, as traders took profits on long positions.
Solana (SOL) has experienced a decrease in price after reaching a high of $126 in December 2023, with the price currently contained inside a symmetrical triangle and a decisive movement outside expected soon; the Solana team has also shared positive outlook for 2024 with new upcoming features and increased developer activity.
Hong Kong-based crypto firm Hashkey Group has achieved unicorn status after completing a nearly $100 million funding round, with plans to expand its "Web3 ecosystem" and diversify its licensed business products in the city.
Investor interest in Bitcoin is shifting towards other cryptocurrencies after the approval of exchange-traded funds tied to spot trading of Bitcoin.
Fantom (FTM) has reduced the requirements for running a self-staking node by 90%, aiming to enhance network security and decentralization.
Bitcoin is showing technical indicators that previously preceded significant market corrections in 2016 and 2019, suggesting that the cryptocurrency may experience further downside, according to crypto strategist Jason Pizzino. Pizzino observes that BTC has respected the Gann 50% retracement level as resistance after a recent close below $42,230, and he believes that Bitcoin is currently in the Wyckoff Distribution stage, indicating selling pressure from investors.
The uncorrelated nature of bitcoin and market inefficiencies could attract billions of dollars in capital from traditional financial markets, particularly with the introduction of spot bitcoin exchange-traded funds (ETFs) and the potential for arbitrage opportunities, according to Arthur Hayes, the chief investment officer of Maelstrom and former CEO of BitMEX.
The Shiba Inu token SHIB experienced a significant increase in token burn activity, with 88 million SHIB tokens being eliminated from the supply and transferred to a "dead wallet," coinciding with heavy purchasing by Ethereum whales and a decline in the daily transaction count for the Shiba Inu network.
The recent debut of spot exchange-traded funds (ETFs) in the U.S. has put selling pressure on Bitcoin, with Binance, OKX, and Upbit experiencing the most significant impact, leading to a 12% drop in Bitcoin's price to $42,700; the selling pressure seems to be driven by traders taking profits on their long positions.
Binance and Gulf Innova have launched their joint venture crypto exchange Binance Thailand, offering digital asset exchange services with Thai baht trading pairs and integrating with local banks in Thailand.
Vivek Ramaswamy, a Republican candidate who emphasized digital assets policy and reducing the SEC's influence in the crypto sector, suspended his campaign and endorsed Donald Trump after finishing fourth in Iowa.
Hong Kong-based crypto exchange operator, HashKey Group, has almost reached its $100 million fundraising target, achieving a Unicorn status with a post-raise valuation of $1.2 billion.
The majority of cryptocurrencies launched during the peak hype of the last bull run are no longer actively trading, with over 14,000 cryptos listed on CoinGecko since 2014 having died, but the failure rate has decreased for cryptos launched in more recent years, according to a report by CoinGecko.
OpenAI has outlined its strategy to combat AI-generated misinformation and enhance accurate voting information ahead of the 2024 elections, aiming to prevent the misuse of generative AI and deepfakes while providing transparency and access to authoritative sources.
Solana Mobile plans to release a second smartphone with similar features as its predecessor, but at a lower price point, amidst a red-hot secondary market for the existing model which has seen prices increase five times in five weeks due to its allocation of BONK tokens.
Ethereum is expected to experience a significant rally and reach the $3,500 range after a period of consolidation, while Solana needs to consolidate further before making new moves, according to crypto analyst Pentoshi; Bitcoin's recent approval of spot BTC exchange-traded funds is considered a huge win for the crypto markets.
Bitcoin may be evolving to behave more like gold and less like high-risk speculative stocks, with correlations between Bitcoin and other assets breaking down in 2023, according to Fidelity.
GameStop is shutting down its NFT marketplace after just a few months of operation, as the company struggled to maintain profitability and faced challenges in the crypto space.
Ubisoft has joined WeMade's Wemix blockchain node council as a partner, running validator nodes for Wemix's new Ethereum-compatible blockchain network, Wemix 3.0.
A mysterious message inscribed on the Bitcoin blockchain has sparked intrigue among Bitcoiners, who are eager to decipher its meaning, potentially related to a new Ordinals art project featuring 10,000 unique images/assets; however, the exact details remain elusive, leaving bitcoin enthusiasts to speculate and search for clues before any official announcement.
MicroStrategy founder Michael Saylor warns of the rise of AI-powered deepfake scams on YouTube that aim to steal cryptocurrency from viewers.
WYNN, the memecoin associated with rapper Drake, has skyrocketed in value, reaching over $40 million in market capitalization and gaining 152% in the past 24 hours.
The Celestia (TIA) price has reached a new all-time high of $20.18, but it is trading at the resistance trend line of a long-term pattern, leaving analysts uncertain about a breakout or rejection.
The approval of bitcoin ETFs in the U.S. has resulted in significant capital inflows, but it remains uncertain whether these financial products will attract billions of new dollars and investors, as the potential impact on bitcoin prices hangs on the actual demand for the cryptocurrency; meanwhile, the upcoming bitcoin halving event, which will decrease the rate of new bitcoins issued, is seen by some as a potential catalyst for a price increase, although there is little evidence to directly link price increases to the halving.
Two wallet drainers, Rainbow Drainer and Node Drainer, have stolen a combined $4.17 million worth of crypto assets from Solana users by targeting specific token communities with NFT airdrops and attaching phishing website links, resulting in drained wallets.
The DApp industry saw significant growth in 2023, with Ethereum challenger Near experiencing the highest increase in user activity, while Solana and Hive faced drops in user numbers, according to a report by DappRadar.
Buying bitcoin and other cryptocurrencies is more akin to gambling than investing due to their volatility and difficulty in valuation, according to economist David Rosenberg.
Finance-focused blockchain Injective plans to stake an additional 50 million of its INJ coins, with the total number of staked coins rising steadily to 47.7% of the coin's supply in the past year, indicating preparations for future growth and network usage increase. The project recently introduced upgrades and experienced a 42% growth in its decentralized finance marketplace. However, tokenization still faces regulatory challenges that need to be resolved for its success.
The Xai gaming network on the Ethereum scaler Arbitrum experienced a significant increase in token value, rising 35% in the past 24 hours, reaching an all-time high of $1.12, following its initial airdrop of 125 million XAI tokens.
Ethereum Classic's ETC/USD price has decreased by 4.31% over the past 24 hours to $26.56, contrasting with its 35.0% up-trend over the past week, while trading volume and circulating supply have also experienced changes.
Dogecoin could potentially undergo a price reversal, as indicated by a cryptocurrency analyst using the TD Sequential indicator, following the news that a physical Dogecoin token was present on the Vulcan Centaur rocket launched by the United Launch Alliance.
The International Monetary Fund (IMF) has stated that cryptocurrency is an asset class, not money, and is more like a money management fund, emphasizing that the US dollar remains the dominant currency. Despite the recent approval of spot bitcoin-backed ETFs, the IMF's managing director does not believe that cryptocurrency will rival the dollar in the near future.
The Cardano (ADA) price experienced a bounce last week but failed to maintain most of its gains, with analysts predicting a potential breakout and a 55% increase if it can break through resistance.
GameStop is closing its NFT marketplace due to regulatory uncertainty in the crypto space, winding down its expansion into NFTs less than two years after its announcement.
The CEO of Ark Invest, Cathie Wood, believes that the price of Bitcoin could reach $1.5 million by 2030 due to two key catalysts: the introduction of a new Bitcoin ETF and the expanding array of use cases for Bitcoin. However, regulatory risks and market volatility may pose challenges along the way.
The Altcoin Season Index has reached a high of 76, signaling the beginning of a major shift from Bitcoin to altcoins, with Solana showing significant gains and the potential for a breakout if it exceeds $106, while other cryptocurrencies like ORDI and SEI have also seen impressive growth, challenging Bitcoin's dominance in the market.
Google Cloud has joined the Flare blockchain as a validator and infrastructure provider, contributing to Flare's Oracle system and furthering blockchain adoption.
Central bank digital currencies (CBDCs) have the potential to decrease the reliance on the US dollar and traditional payment structures, while stablecoins may reshape global finance and reinforce the dollar as the dominant global currency, according to Morgan Stanley.
Tether, a popular cryptocurrency, has become a preferred choice for criminals and money launderers in East and Southeast Asia, according to a United Nations report, due to its stability, ease of use, and low transaction fees.