Blockchain
A new Ethereum Layer 2 scaling solution called SOON is making waves in the crypto world, raising $22 million in an NFT sale ahead of its mainnet launch. What sets SOON apart is its unique approach: it leverages the Solana Virtual Machine (SVM) instead of the more common Ethereum Virtual
Regulation
Hong Kong's Legislative Council is actively discussing a new bill aimed at regulating stablecoins, a crucial step in the region's ambitious plan to become a leading global hub for the cryptocurrency industry. The proposed legislation, which had its first reading in December, outlines licensing requirements for
Markets
Detroit-based Reverend Lorenzo Sewell, who delivered a benediction at former President Donald Trump’s inauguration as the 47th president of the United States, has come under fire following the dramatic decline of his self-launched cryptocurrency, Lorenzo. Launched shortly after the inauguration, the memecoin experienced a staggering 93% drop from its
Regulation
In a major victory for cryptocurrency privacy advocates, a U.S. District Court has overturned a previous ruling that upheld sanctions against Tornado Cash, a crypto mixing service. The decision, which sent the platform's native token TORN soaring by 140%, hinges on the unique nature of Tornado Cash&
DeFi
Get ready for "Jupuary"! Jupiter, a leading decentralized exchange (DEX) aggregator on the Solana blockchain, is preparing for a massive airdrop today, distributing nearly 700 million JUP tokens, worth a staggering $616 million, to its users. This event marks the second major airdrop from Jupiter, rewarding its active
Cryptocurrency
LINE, one of Asia's most popular messaging apps, is making a major push into the world of Web3 with the launch of its first batch of decentralized applications (Dapps). These "Mini Dapps," accessible directly within the LINE mobile messenger, aim to bring blockchain technology to a
Regulation
CLS Global, a Dubai-based cryptocurrency market maker, has agreed to plead guilty to charges related to wash trading on the decentralized exchange Uniswap. This admission follows an undercover FBI investigation that exposed the firm's manipulative practices, highlighting the ongoing challenges of policing illicit activity in the rapidly evolving
Markets
Deribit, a leading cryptocurrency derivatives exchange, experienced a phenomenal year in 2024, with trading volumes soaring to over $1.1 trillion. This represents a remarkable 95% increase from the previous year's $608 billion, solidifying Deribit's position as a dominant force in the crypto derivatives market. A
Regulation
President Donald Trump has fulfilled a significant campaign promise to the crypto community by granting a full and unconditional pardon to Ross Ulbricht, the founder of the infamous Silk Road darknet marketplace. The decision marks a turning point in the controversial case that has captivated libertarians, digital rights advocates, and
DeFi
Circle, the issuer of the USDC stablecoin, has acquired tokenization startup Hashnote, a company incubated by Cumberland Labs, the web3 venture studio backed by trading giant DRW. This strategic move, announced alongside a partnership with DRW's crypto market-making arm, aims to expand the use of yield-bearing collateral in
Cryptocurrency
A new website for the U.S. "Department of Government Efficiency" (D.O.G.E.) has sparked a flurry of excitement in the cryptocurrency world, prominently featuring the Dogecoin logo and causing the meme coin's price to jump 14%. The department, established by the new administration
Markets
El Salvador continues to bolster its national Bitcoin reserves, adding another 12 coins to its holdings this week, according to the country's National Bitcoin Office (ONBTC). The purchases, made in two separate transactions, underscore the Central American nation's unwavering commitment to its Bitcoin strategy, even as