Category: altcoin

Altcoin trading volume dominance on crypto exchange Binance has hit 78%, a level that a crypto analyst says points to strong potential for an altcoin bull market in 2025. “With retail interest gaining traction, the altcoin market could continue to build strong momentum in the coming months,” CryptoQuant contributor Burakkesmeci said in a Jan. 11…

Litecoin’s (LTC) X social media account was briefly hacked on Jan. 11 by a scammer promoting a fraudulent Litecoin token on the Solana network.   “LTC is now in Solana,” the hacker wrote in a now-deleted and grammatically incorrect post, which featured a contract address and a pump.fun link to the scam token. In an update,…

Usual Protocol, a decentralized finance (DeFi) stablecoin issuer, responded to community backlash on Friday, Jan. 11, after its staked stablecoin USD0++ sharply depegged from $1.  On Jan. 9, USD0++ dropped as low as $0.89 before reaching $0.92, following the introduction of a new floor price mechanism and exit options. The protocol’s team has now introduced…

DOGS, a memecoin built on The Open Network (TON), released its roadmap for the first half of 2025, outlining plans for DOGS-themed games, community engagement through local philanthropy, and expanded payment use cases for the DOGS token. According to the roadmap, users will have the option to use their DOGS tokens, which were inspired by…

XRP (XRP) has dropped by 22.25% over a month after hitting $2.90, its highest level since January 2018, and was trading for as low as $2.26 on Jan. 10. XRP/USD daily price chart. Source: TradingView Profit-taking due to XRP’s overbought levels, strong US economic data, and the Federal Reserve’s hawkish pivot have been the primary…

Compound Finance is adding Ethena’s stablecoin and Mantle’s liquid staking token (LST) to its decentralized lending and borrowing platform, Mantle told Cointelegraph.  On Jan. 8, Compound’s tokenholders voted to add stablecoin USDe and mETH, Mantle’s LST, to the decentralized finance (DeFi) protocol as lending collateral.  The integration is the latest example of the accelerating adoption…

A decline in social media posts and overall sentiment around Dogecoin could signal a buying opportunity for traders, according to crypto analysis firm Santiment. “Crowd sentiment has been near its lowest point over the past year,” Santiment said in a Jan. 9 report. The analysis firm gave Dogecoin (DOGE) a “bearish” crowd sentiment rating of…

In this week’s newsletter, read how non-fungible tokens (NFTs) remained a hot topic as Pudgy Penguins’ PENGU token saw a drop of over 50% in NFT sales, check out why PUBG creator Brendan Green rejected NFT integration in his upcoming metaverse and find out why the Eden Gallery filed a motion to dismiss a lawsuit…

Finnish police reportedly seized about $2.6 million worth of luxury watches from Hex founder Richard Schueler, also known as Richard Heart, who is wanted for tax evasion and assault in Finland. Police seized 20 luxury watches, mostly Rolexes, which are believed to be Schueler’s and were left in a residence in the city of Espoo,…

Layer-1 blockchain network Hyperliquid needs to bootstrap a robust developer community to sustain its native token’s roughly $25 billion market capitalization, asset manager VanEck said in a Jan. 6 research note.  Hyperliquid has become one of the most valuable blockchains since launching its HYPE token in a November airdrop. However, Hyperliquid’s nascent smart contract platform…

Solana developers proposed a new hashing system that would change how the Solana network verifies and traces user accounts in a bid to fix scalability issues stemming from mass usage.  In a Jan. 6 proposal titled SIMD-215, developers introduced a “lattice-based homomorphic hashing function” that alters the way the blockchain tracks user accounts.  SIMD-215 introduces…

The Solana network has surpassed Ethereum and Base combined in 24-hour decentralized exchange (DEX) trading volume, according to data from DefiLlama.  According to DefiLlama, daily trading volume across Solana-based DEXs neared $3.8 billion on Jan. 6, versus $1.7 billion for Ethereum and $1.2 billion for Base, Ethereum’s most popular layer-2 scaling network. The rising trading…

Brendan Greene, creator of the online battle royale shooter PlayerUnknown’s Battlegrounds (PUBG), unveiled plans to create a new generation of a gameplay-focused metaverse called Artemis. Non-fungible tokens (NFTs) are unlikely to make an appearance.  Speaking to IGN on Jan. 4, Greene said he’s “not even thinking about” including NFTs in the project, which is currently…

Dogecoin has jumped 21% over the past week, outperforming major memecoins like Shiba Inu, Pepe and Bonk. At the time of publication, DOGE traded at $0.38. Shiba Inu (SHIB), Pepe (PEPE) and Bonk (BONK) were up 7%, 10% and 14%, respectively. Dogecoin’s price surged 21% over the past week, peaking at $0.39. Source: CoinGecko The…

Top Stories of The Week Odds of 2025 US Solana ETF listing top 77%: VanEck research head The odds of a Solana exchange-traded fund (ETF) listing in the United States this year are even higher than a popular betting market’s optimistic forecast, according to Matthew Sigel, VanEck’s head of digital assets research.  On Jan. 1,…

At least 15 blockchain wallets suspected of insider trading have turned an initial $14,600 investment into over $20 million, raising concerns about transparency and fairness in cryptocurrency markets. The 15 insider wallets made over $20 million in profit on the Focai.fun (FOCAI), a memecoin recently launched on Solana’s (SOL) memecoin launchpad Pump.fun. The suspected insiders…

Solana developers have created a quantum-resistant vault on the Solana blockchain to protect user funds from potential threats posed by quantum computers. The “Solana Winternitz Vault” solution achieves this by implementing a complex hash-based signature system that generates new keys every time a transaction is made, explained cryptography researcher and Zeus Network chief scientist Dean…

Solana founders embrace memecoins but say artificial intelligence agents are overrated and worry about the network’s mounting maximum extractable value (MEV) problem, according to survey data revealed on Jan. 3. In a Blockworks Research survey of 42 Solana founders, approximately 76% described memecoins as “mostly good.” They also expressed skepticism about AI agents, with 16%…

A California resident is suing three Asia-based banks over allegations they failed to conduct basic checks, which could have prevented crypto scammers from defrauding him of nearly $1 million.  In a lawsuit filed in a California district court on Dec. 31, 2024, attorneys for Ken Liem say their client was the victim of a pig…

Terraform Labs co-founder Do Kwon appeared before a United States magistrate on Jan. 2, 2025, and pleaded not guilty to the charges in the first legal hearing for the former executive since his extradition to the US. The embattled crypto founder appeared before US Magistrate Judge Robert Lehrburger of the Southern District of New York…