Category: altcoin

The Open Network (TON), once hailed as the fastest-growing blockchain of 2024, is facing a significant slowdown. Just a few months ago, it reached an impressive 100 million wallets, thanks to its integration with the Telegram messaging app. The rapid rise of TON can be attributed to its distribution through Telegram’s Mini Apps and games.…

Digital asset management firm Bitwise has registered a statutory trust for a proposed spot Solana exchange-traded fund (ETF) in Delaware — indicating that it may soon file for an S-1 registration statement with the United States securities regulator. The Bitwise Solana (SOL) ETF was incorporated on Nov. 20, according to the State of Delaware’s Division…

Kain Warwick, the Australian behind decentralized perps protocol Synthetix and now “UX layer” Infinex, says the clock is now ticking for crypto to grow fast enough to reach the point where no one could ever try to shut it down again. Speaking to Magazine at Near’s Redacted conference in Bangkok, Warwick says the crypto industry…

Following a 159% rise between Nov. 6 and Nov. 12, Dogecoin (DOGE) has exhibited a period of higher-range consolidation. On Nov. 18, the largest memecoin completed a daily bullish engulfing candle, which welcomed market speculations for its next ascend near its all-time high of $0.73. Dogecoin 1-day chart. Source: TradingView With the market turning its…

Ether (ETH) has demonstrated strength over the last two weeks, rising 30% between Nov. 4 and Nov. 19. This rally saw the largest altcoin by market capitalization break above $3,000 for the first time since Aug. 2. ETH/USD daily chart. Source: TradingView Although its bullish momentum has slowed over the past few days, onchain data…

Ai16z’s token rocketed more than 50% on Nov. 18 after a top executive at venture firm a16z, the token’s namesake, acknowledged the project in a post on the X platform. Ai16z touts itself as a decentralized autonomous organization (DAO) directed by an artificial intelligence agent named Eliza. Its name references venture firm a16z, but the…

Goldman Sachs is preparing to spin out its cryptocurrency platform to create a new company focused on creating and trading financial instruments on blockchain networks, Bloomberg reported on Nov. 18. The investment bank is speaking to potential partners to add to the platform’s capabilities and develop new offerings, Mathew McDermott, Goldman’s global head of Digital…

Solana-based apps notched record fees and revenue activity in the last 24 hours amid an apparent return of memecoin mania. According to a Nov. 18 X post from decentralized finance commentator Patrick Scott, who cited DefiLlama data, five out of the top ten protocols by fees in the last 24 hours were on Solana.  Five…

Solana (SOL) is one of the best crypto market performers in the last 24 hours, rising by 12% to reach over $242 on Nov. 17, its highest level in three years. SOL/USDT four-hour price chart. Source: TradingView Solana’s price surge today can be attributed to two key factors. First, VanEck’s comments on the potential approval…

Top Stories of The Week Bitcoin will not fall to $60K with no ‘threats in the near-term’ — Michael Saylor MicroStrategy founder and Bitcoin bull Michael Saylor has ruled out the chances of Bitcoin retracing to $60,000 — a crucial price level for the majority of 2024. “I don’t think it is going to $60,000,…

Tether minted $1 billion in USDt (USDT) stablecoins on the Tron network and paid no fees for the large transaction, according to data from onchain analytics firm Arkham Intelligence. The analytics platform highlighted the Nov. 14 transaction from a “black hole address” on Tron to Tether’s multisignature wallet beginning with the characters “TBPxh.” Onchain records…

The Ethena Foundation signed off on Wintermute’s proposal to share a portion of the decentralized finance (DeFi) protocol’s revenues with tokenholders, according to Wintermute’s governance forum. On Nov. 6, Wintermute, a cryptocurrency market maker, proposed allocating a portion of Ethena’s fee revenue to stakers of ENA (ENA), Ethena’s native token. “The Ethena Foundation is pleased…

Financial institutions will be the main drivers of the growing tokenization industry leading up to 2030, which could potentially see more than 50-fold growth. Real-world asset (RWA) tokenization refers to financial and other tangible assets minted on the immutable blockchain ledger, increasing investor accessibility and trading opportunities around these assets. Large financial institutions will be…

Life sentence for Chinese official in crypto espionage case A former Chinese government employee, identified as Wang Moumou (a placeholder name that translates to “so-and-so” used in China to anonymize individuals) has been sentenced to life imprisonment for selling state secrets to foreign intelligence agencies in exchange for 1 million yuan (about $138,000) in cryptocurrency…

With Bitcoin’s market price trading steady above $90,000, its market capitalization has exceeded that of the world’s biggest oil producer, Saudi Aramco, and has come closer to the tech goliaths. On Nov. 14, Bitcoin (BTC) recorded a market cap of $1.81 trillion for the first time in history, making it the seventh-biggest asset in the…

Arca and BlockTower Capital agreed to merge into a unified cryptocurrency investment platform, according to a Nov. 13 announcement. “Investors have been clamoring for regulated digital assets investment offerings for years,” Rayne Steinberg, Arca’s CEO said in a statement.  The merger will help ensure the firms possess “the resources and expertise to effectively manage our…

PayPal’s United States dollar-pegged stablecoin, PayPal USD (PYUSD) has integrated with cross-blockchain bridging protocol LayerZero to enable transfers between Ethereum and Solana.  In a Nov. 12 statement, LayerZero said that PYUSD now uses its Omnichain Fungible Token (OFT) Standard to allow the crosschain transfers, which will “enable users who self-custody their tokens to seamlessly transfer…

Increasing excitement over a crypto-friendly business environment in the United States following Donald Trump’s presidential election win caused the price of Ether (ETH) to jump over 37% over the last seven days to trade at highs not seen since July 24. ETH/USD daily chart. Source: TradingView At the time of writing, Ether is trading at…

A crypto memecoin investor holding Gigachad (GIGA) tokens lost $6.09 million in a phishing attack involving a fake Zoom meeting link. On Nov. 12, GIGA recorded an unusual price drop triggered by a massive sell-off event. Soon after, prominent pseudonymous GIGA investor Still in the Game proactively alerted against the involvement of a hacker: “Just…

Solana’s native token, SOL (SOL), surged by 35% between Nov. 5 and Nov. 11, reaching its highest level since December 2021 at $222. This movement has led traders to speculate whether the all-time high of $260 is within reach, especially after Bitcoin (BTC) crossed  $84,500, driven by steady institutional inflows and anticipated regulatory clarity in…