Crypto News Updates

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The Uniswap Foundation announced a delay to an upgrade vote on the protocol’s fee mechanism. UNI price reacted lower, declining 9% to hit lows of $10.17. The Uniswap Foundation has postponed the governance vote on a proposal aimed at activating a new fee mechanism for the protocol. This proposal would have initiated a fee switch for Uniswap , providing for rewards to UNI token holders who stake and delegate their tokens. As the market reacted to the news, the price of UNI fell by nearly 9% to touch lows of $10.17 across major exchanges. Uniswap postpones key upgrade vote Uniswap announced the fee switch proposal last week, with an on-chain deployment and vote set for today, Friday. However, this will now not go ahead as planned as per a new update. In an update today, the Uniswap Foundation stated that the delay relates to an issue a stakeholder raised following the proposal. This has necessitated “additional diligence” on the part of the Foundation. “ Due to the immutable na...

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Aptos (APT) integrates Chainlink’s CCIP and data feeds, boosting its dApp development. APT price rises by 3.14% to $9.41; market cap increases by 3.17% to $4.1 billion. Aptos has become the first Move-based blockchain to join Chainlink’s SCALE program. Aptos (APT) has seen a notable increase in its market performance following the announcement of its integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and data feeds. Revealed during the Consensus 2024 event in Austin, Texas, this strategic integration marks a significant milestone, making Aptos the first blockchain utilizing the Move programming language to incorporate Chainlink’s advanced services. Impact on Aptos (APT) price The announcement of the integration has had a positive impact on Aptos’ market metrics with the price of APT rising by 3.14%, reaching $9.41 at the time of writing. This upward trend has also been reflected in its market capitalization, which surged by 3.17% to $4,105,772,619, elev...

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Sei v2 upgrade introduces sub-second transaction finality, enhancing scalability. Sei Foundation implements fairer eligibility criteria for token distribution event. SEI token price drops by 3.91% to $0.5185 amid distribution of 27M tokens post v2 upgrade. The SEI token has experienced a notable decline in price, dropping by 3.91% in the past 24 hours to $0.5185, at press time, coupled with a decline in trading volume by 19.51% over the past 24 hours. This downturn comes amidst the distribution of over 27 million SEI tokens following a successful v2 upgrade by the Sei Foundation. Rewarding active participation in SEI ecosystem Sei Foundation initiated the distribution of over 27 million tokens through an airdrop event to reward active participation in the ecosystem since the Pacific-1 Mainnet launch. The second of its kind, this event acknowledges the contributions of Mainnet users, reflecting the foundation’s commitment to fostering community engagement. The distribution pr...

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Riot Platforms offers $950M to acquire Canadian Bitcoin miner Bitfarms. Bitfarms is facing leadership turmoil amid CEO Geoffrey Morphy’s lawsuit. The merger would create largest publicly listed Bitcoin miner by capacity. Riot Platforms, a prominent Bitcoin miner and Bitfarms’ largest shareholder, has made a hostile takeover offer of $950 million for Bitfarms, a Canadian Bitcoin mining company. Riot’s buyout offer represents a 24% premium over Bitfarms’ one-month volume-weighted average share price as of May 24, 2024. Shareholders to own 17% of Bitfarms after Riot’s takeover Riot Platforms, already the largest shareholder in Bitfarms with a 9.25% stake, had initially approached Bitfarms’ board with a private offer on April 22. However, following the rejection of the offer, Riot has now taken the proposal public. The deal would involve a combination of cash and common stock, with Bitfarms shareholders standing to own approximately 17% of the merged entity. Bitfarms’ disputes...

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Bitcoin price dipped nearly 2% on Tuesday morning to trade at lows seen last Friday before rebounding slightly as of writing. This BTC price decline came after the latest crypto news around defunct cryptocurrency exchange Mt. Gox.  On May 28, Mt. Gox moved more than 141,000 BTC worth over $9.6 billion to a new unknown wallet. Data shows the transfers happened in several transactions, with chunks of between 3,999 BTC and 32,499 BTC. The latest on-chain data shows all of the coins are now transferred to the new address. As the market reacted to the news, Bitcoin price fell from highs of $70,000 to lows of $67,550. The flagship cryptocurrency’s price had however rebounded to above $68,000. BTC remains 4% down this past week. BTC price and the Mt. Gox creditor repayment plan Mt. Gox was once the crypto industry’s largest Bitcoin exchange before a 2014 hack saw it lose over 850,000 BTC. After years of waiting amid recovery efforts, creditors are set to receive reimbursements. ...

Nomura Holdings and Laser Digital have partnered with GMO Internet Group on a new stablecoin-focused project. The companies will collaborate in the issuance, redemption and circulation of Japanese yen and US dollar-pegged stablecoins in Japan Nomura Holdings, the Japanese banking and investment giant, is teaming up with GMO Internet Group to explore the issuance of fiat-backed stablecoins in Japan. The collaboration, according to an announcement published on Monday, will see Nomura Holdings, through its digital assets arm Laser Digital, support the issuance, redemption and circulation of Japanese yen (JPY) and US dollar-(USD) denominated stablecoins. Eyeing the stablecoin market in Japan As well as JPY and USD stablecoins, Nomura and GMO plan to offer a “Stablecoin-as-a-Service” solution. The project will support companies looking to issue stablecoins for the Japanese market.  Users of this new service will benefit from aspects such as regulatory compliance management, bl...

Toncoin price bounces as total value locked (TVL) on the TON Blockchain surpasses $300 million. DeFiLlama data showed TON Blockchain’s TVL at $315 million, up from $156 million on May 1. Telegram related news and Pantera Capital’s investment have been notable catalysts for Toncoin (TON). Toncoin (TON) , the native cryptocurrency token of The Open Network (TON) Blockchain, currently trades around $6.40. After flipping negative amid profit-taking in recent days, the price of Toncoin looks poised for a major bounce. TON Blockchain TVL surpasses $300 million According to data from DeFiLlama , the total value locked (TVL) on the TON Blockchain has increased sharply this month. Indeed, the TON’s ecosystem has seen the TVL jump from $156 million on May 1 to currently stand at $315 million. The milestone comes as TON shows growing traction in the decentralized finance (DeFi) market. Top projects are across decentralized exchanges (DEXes), lending, liquid staking and gaming. In the p...

Pepe price is up 80% this past week and over 140% in 30 days. FLOKI has jumped 36% this past week and 53% in the last 30 days. Pepe (PEPE) was the standout memecoin this past week, rising more than 80% to reach a new all-time high of $0.0000169 on May 27. Meanwhile, Floki (FLOKI) has surged to $0.0002656 amid fresh momentum in the memecoin market. PEPE and FLOKI lead meme coins up PEPE price is up 14% in the past 24 hours, bringing 30-day gains for the meme coin to 140%. Pepe has outperformed top meme coins over this period. The 24-hour trading volume of Pepe stood at over $1.8 billion at the time of writing. Except for the stablecoins USDT, USDC and FDUSD, Pepe’s volume is fourth-largest behind Solana, Ethereum and Bitcoin. The upside sees Pepe cement its position as the third-largest meme coin by market cap. At $7.1 billion, it is more than double that of Dogwifhat ($3.1 billion) but behind the top two of Shiba Inu and Dogecoin at $14.6 billion and $24 billion respectively....

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Trump pledged to free Ross Ulbricht should he win the upcoming US presidential election. Ulbricht is the creator of the defunct marketplace Silk Road and is currently serving a life sentence. Former US president Donald J. Trump has pledged to release Silk Road founder Ross Ulbricht should he be re-elected as president of the United States in the upcoming elections. The former US president is seeking re-election and has over the past several months made a massive impression on the crypto community. Now one of his election pledges is that he will commute Ulbricht’s sentence as soon as he takes office. “If you vote for me, on day one I will commute the sentence of Ross Ulbricht to a sentence of time served,” Trump noted in remarks made at the Libertarian National Convention in Washington, D.C on Saturday. Whos is Ross Ulbricht? Ross Ulbricht, aka Dread Pirate Roberts, created Silk Road in 2011 and operated the darknet marketplace until October 2013. US law enforcement accused U...

Cardiff, 英国, May 26th, 2024, Chainwire On May 20, 2024, the Bitcoin Layer2 development team BEVM released the technical yellow paper titled “Taproot Consensus: A Decentralized BTC Layer2 Solution.” This paper details the implementation of Taproot Consensus, leveraging native Bitcoin technologies such as Schnorr signatures, MAST, and Bitcoin SPV nodes to build a fully decentralized BTC Layer2 solution. Taproot Consensus represents a significant leap in native Bitcoin scalability, combining existing Bitcoin technologies innovatively without modifying Bitcoin’s core code. I. History of Bitcoin’s Technical Iterations October 31, 2008:  Satoshi Nakamoto published “Bitcoin: A Peer-to-Peer Electronic Cash System,” introducing Bitcoin and the concept of SPV (Simple Payment Verification). January 3, 2009:  Nakamoto mined the Genesis Block, launching Bitcoin. The original code used ECDSA for digital signatures instead of the more suitable Schnorr signatures, which were under paten...

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Marathon Digital has partnered with Kenya to harness underused energy across the country for Bitcoin mining. The deal will see over $80 million invested in projects aimed at boosting renewable energy utilization and optimization.  Bitcoin mining firm Marathon Digital has signed a major deal with the Ministry of Energy and Petroleum of Kenya. Sealed today, May 24, 2024, the agreement provides for partnership that will see the BTC miner harness the country’s underutilized energy for Bitcoin mining . Marathon to tap into Kenya’s underutilized renewable energy Marathon struck the deal during Kenya’s President William Ruto’s State Visit to the US. According to the company, the agreement will see more than $80 million invested in “green data centers to boost renewable energy utilization and optimization in the Republic of Kenya.” “This agreement with the Ministry of Energy and Petroleum is a pivotal moment for our business as it provides us with a clear framework to pursue oppor...

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Pepe price hits $0.0000142 ATH, showcasing its resilience and market prominence. Ethereum’s surge and altcoin rotation among the factors fueling Pepe’s rally. Despite early investor profit-taking, bullish sentiment persists, fueled by whale activity. In a remarkable turn of events, the price of Pepe price has surged to a new all-time high, reaching approximately $0.0000142. This surge marks a significant milestone for the frog-themed meme coin, as it solidifies its position as one of the top performers in the crypto market . Notably, the current bullish momentum in Pepe’s price comes after a period of internal challenges among developers, indicating a remarkable turnaround for the cryptocurrency. Despite its rocky start, Pepe has gained substantial traction in recent times, with its market capitalization exceeding $5.77 billion. What is behind the current Pepe price surge? The altcoin market, including Pepe, has benefited from a notable shift in investor sentiment, with capi...

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Genesis Global gets court approval to repay $3 billion to customers. Judge Sean Lane overruled an objection from Genesis parent company Digital Currency Group. DCG argued payments to be in US value of assets as of bankruptcy filing in January 2023. Genesis Global has secured court approval to return $3 billion in cash and crypto to its creditors, details in a recent court filing show. The payouts will represent about 77% of customers’ claims. However, the payout doesn’t include Digital Currency Group (DCG), the parent company of Genesis Global. The development comes after US Bankruptcy Judge Sean Lane approved the Chapter 11 bankruptcy plan Genesis Global and its subsidiaries filed in January 2023. Genesis’ bankruptcy followed the collapse of Three Arrows Capital and FTX in 2022. Judge overrules DCG objection As noted above, the plan to return billions of dollars worth of crypto assets and cash to Genesis creditors has received a node from Judge Sean Lane.  On Friday, ...

Jarett Dunn, aka @STACCoverflow, arrested in London for Solana memecoin exploit. Dunn used flash loans to manipulate pump.fun, stealing $2 million in liquidity. Released on bail, Dunn confessed online, citing mental health struggles and grief The alleged orchestrator of the recent Solana memecoin protocol pump.fun exploit , Jarett Dunn, known online as @STACCoverflow, has been arrested in London. The arrest follows a sophisticated 26-hour intelligence operation spearheaded by a third-party stakeholder who had enlisted a private intelligence firm to track Dunn’s activities. Jarett Dunn arrested in Middle Eight Hotel The operation culminated in the early hours of May 18 when local operatives, or “auxiliaries,” pinpointed Dunn’s location at the Middle Eight Hotel in Covent Garden. After a seven-hour search, British authorities apprehended Dunn, who has since been released on bail pending his court appearance in August. The Pump.fun flash loan exploit Dunn, a former contractor, ...

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Bitcoin (BTC) and Solana (SOL) are some of the top crypto coins that saw major price surges in the industry. However, according to some analysts, Rollblock ( RBLK ) could be set to emerge as the next crypto to explode. Prominent market analysts have pegged this rookie, now in Stage 2 of its presale, as one with impressive growth potential in 2024. Let’s find out why.  Rollblock (RBLK): The Best Crypto To Invest in Now   Rollblock (RBLK) introduces a new approach to online gambling. It is an innovative community-driven GambleFi protocol that uses blockchain technology to bring changes to this $450B industry. Its casino is fully licensed and operational and can now be played by players all over the world. Unlike its rivals, such as Stake or Fairspin, Rollblock does not require any sign-up KYC checks. This means that Rollblock users remain fully anonymous, as they can register using an email only. With the demand for privacy skyrocketing, Rollblock could become a fan favor...

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Kraken is reportedly considering pulling support for the stablecoin USDT in Europe. The exchange’s plans come amid the push for compliance ahead of EU’s crypto regulations MiCA. Crypto exchange OKX ended its USDT trading support in the EU in March. Kraken is considering a move that would see the crypto exchange end its support for the Tether (USDT) stablecoin in Europe. A Bloomberg report published on Friday, May 17, noted that the crypto exchange was “actively reviewing” this position. Kraken eying USDT delisting ahead of EU’s MiCA rules According to the report , Kraken is looking at ending USDT support for the market ahead of the region’s Markets in Crypto-Assets (MiCA) regulation roll out date . The delisting of USDT for the exchange’s EU users is part of the compliance procedure. Crypto exchanges and other providers with operations in the EU know that MiCA’s stablecoin rules are set to come into effect on June 30, 2024. The comprehensive regulatory framework also includ...

Notcon (NOT) token’s price fell sharply after its debut on exchanges. KangaMoon (KANG) is offering a bonus presale stage ahead of first CEX listing. Analysts say the lackluster spot Bitcoin ETFs market means Bitcoin prices could see limited upside action in coming weeks and months. What does this mean for newly-launched Notcoin and could KangaMoon offer a better investment opportunity? Notcoin dumps after airdrop Notcoin (NOT) is the native token of a tap-to-earn game project that aims to onboard millions of users to Web3. The project went viral amid its debut on Telegram, and saw massive hype ahead of its trading debut this week. Much of this was down to listing announcements from top crypto exchanges Binance, OKX and Bybit among others. Indeed, Notcoin traded at a Fully Diluted Valuation (FDV) of $1 billion as the token made its debut across exchanges. However, NOT price has tanked 67% since and currently trades around $0.006753. Binance’s cancelling of support for the NOT...

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TLDR AI coins rally on Nvidia gains as market sentiment turns positive. Some analysts are forecasting that Milei Moneda ($MEDA) could soar remarkably in its ongoing presale. Nvidia’s recent bull run in the stock market has provided a tailwind for many AI-focused cryptocurrency projects. Meanwhile, Milei Moneda ($MEDA) has emerged as a strong performer that could have the potential for outsized gains, with its ongoing presale generating significant traction ahead of its official launch on Uniswap. The main question is, why should you add these top altcoins to your investment portfolio? Find the details below. Economize Like Milei: Invest in $MEDA Nvidia’s Rise Sparks Surge in AI Coins: What’s Happening? The recent surge in the value of AI coins has coincided with a notable rally in the shares of Nvidia, the prominent chipmaker renowned for its association with artificial intelligence. This parallel upward movement suggests a correlation between the performance of AI coins and t...

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North Korean hackers deploying “Durian” malware targeting South Korean crypto firms. The resurgence of dormant hackers like Careto underscores the evolving cybersecurity landscape. Hacktivist groups like SiegedSec escalate offensive operations amidst global socio-political events. The first quarter of 2024 has proven particularly eventful, with notable findings and trends emerging from the frontline of cyber security. From the deployment of sophisticated malware variants to the resurgence of long-dormant threat actors, the landscape of cyber threats continues to shape-shift, presenting new challenges for security experts worldwide. A recent report by the Global Research and Analysis Team (GReAT) at Kaspersky made a striking revelation shedding light on the activities of various advanced persistent threat (APT) groups. The Durian malware targeting South Korean crypto firms Among the findings made by GReAT is the emergence of the “Durian” malware, attributed to the North Korean ...

Key takeaways Bitcoin continues to struggle below $62k and could plunge lower in the short term. Bitbot has raised $3.3m so far, with only two stages of the presale left. Bitcoin stays below $62k Bitcoin has been struggling in recent weeks and could record further losses if the market condition persists. At press time, the price of Bitcoin stands at $61,254, down by than % in the last seven days. The poor performance comes as the US Federal Reserve recently dashed hopes of cutting interest rates in the short term. Risk-averse assets like Bitcoin continue to underperform with the interest rate still high.  What is Bitbot?  Bitcoin’s boring price performance hasn’t affected other activities in the broader crypto market. Presales and airdrops continue to attract the attention of Degens and other industry participants.  Bitbot is one of the projects that is raising capital from investors to address certain pain points in the market. It is a Web3 project that seek...