Crypto News Updates

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The cryptocurrency market is known for its explosive growth. For example a coin like Dogecoin rose from its humble beginnings to a market cap of a staggering $62 billion (at time of writing).  A more recent example is the success of PEPE in captivating the attention of meme coin enthusiasts. These successes have put a stamp on the immense potential of digital assets to give astronomical returns. While these meme coins have created excitement, a growing number of smart investors are turning their attention to another kind of innovation – 1FUEL, a next-generation cryptocurrency wallet positioned to change asset management in the blockchain space. The Market Evolution: From Dogecoin to PEPE Dogecoin has grown to become the 7th largest cryptocurrency with a market cap of $62 billion thanks to its simplicity, widespread adoption and celebrity endorsements.  Recent weeks have seen Dogecoin lose double digit values as the crypto market experienced a temporary dip. However, the ...

Key takeaways XRP is up 21% in the last 24 hours, surpassing BNB to become the fifth-largest cryptocurrency by market cap. iDEGEN has sold over 350 million tokens in its presale, raising over $1.2 million. XRP surges by 21% to hit $1.90 XRP, Ripple’s native coin, is the best performer amongst the top 10 cryptocurrencies by market cap in the last seven days. The coin added 22% to its value during that period and has now hit the $1.90 mark. Thanks to its latest rally, XRP has now surpassed BNB to become the fifth-largest cryptocurrency by market cap. If the market conditions remain bullish, XRP could hit the $2 psychological mark soon. However, XRP is still down 50% from the all-time high of $3.84 it achieved seven years ago. What is iDEGEN? We are in the age of AI, and the crypto industry is not exempted from this revolution. While AI projects in the crypto space mostly focus on other utilities, iDEGEN focuses on another growing important sector: memecoins. iDEGEN is a sentien...

The proposal by Ethena and Securitize will be evaluated for suitability by a panel. If approved the proposal will enhance liquidity and stability within the Sky ecosystem. USDtb, backed by BlackRock’s BUIDL, offers a stable, RWA-based risk profile. Ethena Labs and tokenization platform Securitize have submitted a joint proposal to feature Ethena’s new stablecoin, USDtb, in Spark’s $1 billion Tokenization Grand Prix. The $1B Tokenization Grand Prix competition aims to onboard real-world assets (RWAs) into DeFi by offering liquidity to selected participants, further expanding the scope of tokenized assets in decentralized ecosystems. The proposal submitted by Ethena and Securitize At the heart of Ethena’s proposal is a unique swap facility between USDtb and its synthetic stablecoin, USDe. This innovation would allow participants in the Sky ecosystem—formerly MakerDAO—to dynamically manage liquidity and risk based on prevailing market conditions and interest rate trends. The abil...

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Hyperliquid has launched its native token HYPE and revealed a token distribution HYPE has a maximum supply of 1 billion tokens. Decentralized perpetuals exchange Hyperliquid has officially unveiled its native token HYPE. Hyper Foundation announced via a post on X that the token generation event for the HYPE token went live at 7:30 UTC on Friday, November 29, 2024.   “The HYPE genesis event marks a key milestone in the journey, unlocking core functionality at every level of the stack,” the Hyper Foundation said in a blog post . HYPE, which Hyper Foundation introduced in Oct .,  also includes a community airdrop. Approximately 31% of the maximum supply of 1 billion tokens is set for genesis distribution and 38.89% for future emissions and community rewards. The project has allocated 23.8% to core contributors, 6.0% to the Hyper Foundation’s budget and 0.3% to community grants. “Tokens will be emitted over time, with 76.2% going to the community. 310,000,000 token...

Amrita Srivastava alleges she was dismissed from Binance a month after she informed managers about the bribery in April 2023 Lawyers for Binance claim Srivastava was dismissed due to “poor performance” A former senior executive at Binance has filed a lawsuit against the company’s UK section for unfair dismissal after raising concerns about an alleged bribe. Amrita Srivastava said that she was unfairly dismissed after bringing the matter to management. According to Srivastava, a colleague had solicited bribes from a customer “under the guise of providing consultative services,” reports Bloomberg . Srivastava alleges that she was dismissed from her position at Binance a month after she told her managers about the bribery in April 2023. However, according to Binance’s lawyer, Srivastava was dismissed due to “poor performance.” In a statement, the lawyer said: “The decision to end her employment for poor performance pre-dated concerns she raised about an issue that was already kno...

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Meme coins are doing well in 2024, helped by the ongoing crypto bull run and the fear of missing out. Pepe coin has emerged to be one of the best-performing cryptocurrencies this year as it jumped by 1,472% from its lowest point in January. This article explores why Pepe may continue rising and why crypto analysts are turning to iDEGEN. Pepe price has room to rally Pepe coin has done well this year, helped by the ongoing crypto rally and strong demand from investors. The number of holders has jumped to over 330,000, much higher than 296,000 a few weeks ago, a sign that it has strong demand. Technicals suggest that the Pepe Coin price has more room to grow in the coming months. On the daily chart, we see that the coin has formed a few bullish patterns that could lead to more gains. It has formed a cup and handle pattern, which is a popular continuation sign in the market. This pattern is made up of a horizontal line that connects two peaks, followed by a pullback and a rounded botto...

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Arbitrum launches a $1M Trailblazer AI Grant to support AI innovation on-chain. Grants of up to $10,000 are available for AI projects integrated with Arbitrum. The program fosters creativity with mentorship and access to Arbitrum’s community. Arbitrum Foundation has unveiled the $1 million Trailblazer AI Grant Program, designed to fuel innovation and support developers building cutting-edge artificial intelligence (AI) agents and on-chain AI products on the Arbitrum network. With this initiative , Arbitrum seeks to further solidify its position as the go-to platform for AI builders, offering low fees, high throughput, and low latency as key advantages for deploying AI solutions. The Arbitrum Trailblazer AI Grant program The program will award grants of up to $10,000 per project, with a focus on AI agents that are already integrated with Arbitrum’s decentralized infrastructure. To be eligible, projects must demonstrate creativity, innovation, and impact, with the potential to d...

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Kraken will shut down its NFT marketplace, transitioning to withdrawal-only mode in Nov. 27. Users can withdraw NFTs until February 2025, but can’t list or trade after Nov. 27. The closure follows declining NFT market volumes and Kraken’s focus on new ventures. Kraken , one of the leading global cryptocurrency exchanges, has decided to shut down its NFT marketplace, just over a year after its official launch. According to an email shared with users , the NFT marketplace, which debuted in beta in November 2022, will enter withdrawal-only mode on November 27, 2024, with full closure set for February 27, 2025. Users will no longer be able to list, bid, or sell NFTs after November 27, but they can withdraw their assets to Kraken Wallets or self-custodial wallets until the final shutdown in February. As the exchange shuts down the NFT marketplace, it has assured users that support will be available to help them transition their assets before the marketplace’s full closure. Why is K...

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Bitcoin adoption could get another boost from Brazil. This is after a Brazilian Congressman introduced a bill proposing adoption of BTC as national reserve asset. US lawmakers are also pushing for a Bitcoin strategic reserve. A Congressman in Brazil has introduced a Bitcoin reserve bill, adding the country to a growing list of nations looking to tap into the flagship cryptocurrency as a treasury reserve asset. On Nov. 25, Brazilian Congressman Eros Biondini introduced a new proposal aimed at the creation of a Bitcoin (BTC) reserve in Brazil. The proposal, titled ‘Bitcoin Sovereign Strategic Reserve (RESBit)’, outlines the benefits of adopting BTC as a national Treasury reserve asset. Diversification of the country’s assets and reduction of economic risk are part of the strategic plan. The bill also looks at the opportunity this would offer in terms of putting Brazil at the forefront of technological and financial innovation and development globally. JUST IN: A bill to create a...

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Avalanche9000 testnet launched, reducing costs and enabling permissionless L1s. The upgrade will lower validator and C-Chain fees, boosting accessibility. Avalanche has also launched a $40M grant program to incentivize the adoption and development of new Avalanche L1s. Avalanche, the eighth-largest blockchain by total value locked (TVL), has taken a significant leap forward with the launch of its “Avalanche9000” upgrade on the testnet . This upgrade, described as the largest in the blockchain’s history, aims to revolutionize app development, reduce transaction costs, and make validator operations more affordable. Avalanche9000: a complete overhaul of Avalanche The upgrade went live at 1 p.m. ET on Monday and marks a pivotal step toward its planned mainnet deployment by the end of 2025. Avalanche9000 is not just a technical enhancement but a complete ecosystem overhaul designed to simplify blockchain development for builders and reduce costs for users. Central to the upgrade a...

Robinhood lists Dogwifhat (WIF), expanding its meme coin offerings and market reach. Dogwifhat’s price surged 7.73%, stabilizing around $3.35 after the listing. Robinhood aims to capitalize on the meme coin trend, now including European users. Robinhood Crypto has added the Solana-based meme coin Dogwifhat (WIF) to its trading platform, expanding the reach of the popular canine-themed token. This listing follows Robinhood’s recent addition of Pepe , another meme coin, earlier in November, marking a trend of increased meme coin offerings on the platform. Dogwifhat price soars Upon the listing announcement, Dogwifhat experienced a brief surge in price, climbing by 7.73% to reach $3.57 before stabilizing at around $3.351. The listing has expanded WIF’s circulation beyond the Solana ecosystem, positioning it as a strong competitor in the growing meme coin market. With a market capitalization of $3.3 billion, Dogwifhat now ranks as the fifth-largest meme coin, trailing behind he...

Sky Mavis lays off 50 employees to streamline operations for future growth. Layoffs are a strategic move, not due to financial instability or poor performance. Axie Infinity’s token AXS dropped by 3.78% after the news but later recovered. Sky Mavis, the developer behind the popular blockchain-based game Axie Infinity, has announced the layoff of 21% of its workforce, translating to approximately 50 employees. This decision is part of the company’s broader efforts to streamline its operations and focus on its core products. Layoff isn’t a result of financial instability Co-founder and CEO Nguyen Thanh Trung took to X (formerly Twitter) to clarify that the layoffs were a strategic move aimed at positioning the company for future growth. He emphasized that the decision was not a result of financial instability, but rather a realignment of resources to better align with the company’s long-term vision. Trung noted that the layoffs were not a reflection of the employees’ contributi...

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It’s been another busy week in the crypto market: MicroStrategy buys another $4.6 billion of Bitcoin, BlackRock’s Bitcoin ETF options brings in $2 billion on day one, Donald Trump’s transition team considers first White House crypto office, Justin Sun buys a banana for $6.2 million, SEC chair Gensler to step down on January 20, Bitcoin nears $100k as rally continues, and US spot Bitcoin ETFs hit $30 billion in total net flows. Let’s look at these and recap what happened this week in crypto. MicroStrategy buys another $4.6 billion of Bitcoin MicroStrategy is going long on Bitcoin as it adds more of the asset to its already impressive haul. On November 18, the company announced that it had bought an extra 51,780 BTC . This latest addition pushes MicroStrategy’s total Bitcoin holdings to 331,200. The news follows after the company’s founder, Michael Saylor, announced the purchase of more than $2 billion worth of Bitcoin. The publicly-listed company, whose stock MSTR has surged amid...

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Jaime Lizárraga will resign as SEC Commissioner on January 17, 2025. His departure leaves only one Democrat on the SEC amid a Republican-led shift. Discussions intensify over the next SEC Chair, with crypto regulation in focus. In a significant development at the US Securities and Exchange Commission (SEC), Commissioner Jaime Lizárraga has announced that he will step down from his post on January 17, 2025. His resignation comes shortly after SEC Chair Gary Gensler revealed plans to depart when President-elect Donald Trump is sworn into office. Lizárraga’s decision to resign has been attributed to personal reasons, specifically his wife’s serious illness, a matter he shared with President Joe Biden. Jaime Lizárraga, who has served as an SEC Commissioner since 2022, was appointed during the Biden administration and had a term slated to last until 2027. His departure means that the SEC will lose one of the remaining Democratic voices on the five-member commission, leaving Carolin...

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Cboe to launch cash-settled Bitcoin index options based on the CBTX index on Dec 2. The options will offer indirect exposure to Bitcoin via US spot Bitcoin ETFs. Mini options and customizable FLEX options will also be available at launch. Cboe Global Markets, a leader in the derivatives and securities exchange network, has announced plans to launch the first cash-settled index options tied to the price of spot Bitcoin . The new offering, set to go live on December 2, 2024, will be based on the Cboe Bitcoin US ETF Index (CBTX), marking a significant development in the world of cryptocurrency derivatives. The CBTX index, a modified market cap-weighted benchmark developed by Cboe Labs and Cboe Global Indices, is designed to track the performance of a basket of Bitcoin exchange-traded funds (ETFs) listed on US exchanges. The index aims to offer indirect exposure to spot Bitcoin by reflecting the performance of these ETFs, providing investors with a way to gain exposure to Bitcoin’s...

FTX plans to start distributing $16 billion to creditors by March 2025. Distributions will begin 60 days after the Chapter 11 plan becomes effective in Jan. Customers must complete KYC verification and submit tax forms to receive payments. The FTX estate, now under the leadership of CEO and Chief Restructuring Officer John J. Ray III, has revealed plans to begin distributing assets to creditors and customers by March 2025. This follows a two-year period of intense recovery efforts after the collapse of the cryptocurrency exchange due to corporate mismanagement and fraud, which rocked the crypto world. Ray, who stepped in after founder Sam Bankman-Fried filed for Chapter 11 protection in late 2022, has overseen the successful recovery of approximately $16 billion in cash and cryptocurrencies for the estate. FTX distribution timeline The timeline for distributions, outlined in a recent press release , marks a significant milestone in the lengthy process of compensating FTX’s cr...

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Gary Gensler will step down on January 20, 2025. Solana, XRP among cryptocurrencies to spike amid the news. US Securities and Exchange Commission Chair Gary Gensler has announced his resignation from the agency effective January 20, 2025. Gensler announced his exit from the Commission in a press release on Thursday, Nov. 21, with this coming a few weeks after the US elections that saw Donald Trump win. During the campaigns, Trump promised to fire the vastly unpopular and highly-criticised SEC chair “on day one” of his presidency. The crypto industry largely expected his exit . The news of his exit saw several cryptocurrencies rise sharply, with Solana and XRP jumping more than 10% to $257 and $1.20 respectively. Ethereum was up 5% to $3,359 while Bitcoin hovered above $98,000 . Gensler to step down Gary Gensler took over as the SEC chair on April 17, 2021, taking the helm as the securities market’s chief following appointment by the Joe Biden administration. In the press rel...

Coinbase listing FLOKI on November 21 could boost liquidity and market interest. Technical analysis suggests a 30% price surge if FLOKI breaks consolidation levels. On-chain data shows increased transaction volume, signalling a potential bullish trend. The announcement that Coinbase will list FLOKI, a dog-themed meme coin, on the Ethereum network has sparked widespread attention. FLOKI, the sixth-largest meme coin by market capitalization at $2.3 billion, has already gained significant traction across major exchanges such as Binance and Bybit. However, its listing on the United States’ largest cryptocurrency exchange could signal the next big step for the meme coin in both price action and broader market recognition. Impact of upcoming FLOKI listing on Coinbase FLOKI’s support on Coinbase, slated to open on November 21, 2024, at or after 9 am PT, is expected to provide a substantial boost to the token’s liquidity, with trading initially available on the FLOKI/USD pair. While ...

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Injective’s iAgent SDK enables on-chain AI agents using natural language commands. Users can automate payments, trades, and market analysis with tailored AI agents. iAgent combines AI and blockchain, simplifying tasks for both experts and novices. Injective, a prominent blockchain protocol for finance, has unveiled a groundbreaking software development kit (SDK) called iAgent. This innovative toolkit empowers users to build on-chain AI agents capable of automating blockchain tasks through natural language commands, heralding a new era of AI-driven blockchain interactions. 1/ Today, Injective is officially launching iAgent, a groundbreaking SDK that enables anyone to create their own on-chain AI agent. By leveraging large language models (LLMs) such as OpenAI's ChatGPT, iAgent redefines the possibilities for AI finance 🚀 pic.twitter.com/iMff6dwRhC — Injective 🥷 (@injective) November 19, 2024 Announced at the Injective Summit 2024, iAgent integrates seamlessly with la...

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Coinbase will delist WBTC on December 19, 2024, due to unmet listing criteria. WBTC will be moved to limit-only mode, with withdrawals still accessible. Coinbase’s cbBTC, launched in September, has been gaining market share in wrapped Bitcoin. Coinbase , one of the largest cryptocurrency exchanges, has announced it will delist Wrapped Bitcoin (WBTC) from its platforms on December 19, 2024. We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent review, Coinbase will suspend trading for wBTC (wBTC) on December 19, 2024, on or around 12pm ET. — Coinbase Assets 🛡️ (@CoinbaseAssets) November 19, 2024 The decision will affect all Coinbase services, including Coinbase.com, Coinbase Exchange, and Coinbase Prime, and comes amid ongoing assessments of the exchange’s listing standards. As part of the transition, WBTC order books have been switched to limit-only mode. This allows users to place, cancel, and match limit orde...

Cryptocurrencies were fairly mixed on Monday as Bitcoin remained stubbornly above the important support level at $90,000. Hedera Hashgraph (HBAR) token surged to a high of $0.1490, its highest level since April 24 and 256% above its lowest point this month.  Similarly, Citizen (CATI), the popular Telegram game, jumped for four consecutive days, reaching a high of $0.70, its highest point since September. Notably, investors continued to eye Vantard, an upcoming cryptocurrency that seeks to create a meme coin index fund. Why Hedera Hashgraph and Catizen soared Hedera Hashgraph token surged after a leading company applied for a spot HBAR ETF in the United States. This application is taking advantage of the recent Donald Trump election, which will likely usher in a new era in the crypto industry.  Unlike Joe Biden, Trump has comeout in support of the crypto industry since he has a skin the game. As such, there is a likelihood that the SEC will approve new crypto ETFs at a fast...

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Bitcoin rallied to an all-time high above $93,000 recently, creating a market abuzz for altcoins. Ripple’s XRP, which has spiked to multi-year highs above $1.15, are among those to shine this past week. Elsewhere, sentiment around meme coins is at a new high, and getting unprecedented attention is Vantard (VTARD). But what are analysts saying about BTC price? What could this mean for Vantard ? Bitcoin price prediction as bulls hold $90k While Bitcon price has declined from the ATH reached in the aftermath of the US election win for Donald Trump, analysts are bullish both in the short term and long term. The outlook for the next few weeks is that bulls will try to take the psychological level of $100k. Trump’s win and changes at the US Securities and Exchange Commission with impending exit of Gary Gensler has the market excited. A large part of this is down to crypto regulation – a scenario that is already helping XRP and other altcoins higher. The new administration is pro-crypto...

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