The United States Senate passed a resolution on Tuesday to scrap a de facto ban preventing the nation’s banks from offering crypto custody services. The vote drew cautious optimism from Bitcoin’s most fervent supporters online and in Congress, who are still wary of a likely veto by the presidential office. Will Crypto Banking Be Possible...Read More
Decentralized blockchain network Internet Computer Protocol (ICP) has released a new roadmap for driving decentralized artificial intelligence (DeAI) and chain fusion in the web3 space. According to an official statement sent to CryptoPotato, ICP is unveiling the Year 4 Internet Computer Roadmap to celebrate the third anniversary of its mainnet launch. ICP Releases New Roadmap...Read More
Alongside the rest of the cryptocurrency market, Cardano also witnessed a lackluster month. But certain cohorts of high-profile investors have been slowly amassing significant amounts of ADA tokens. Cardano whales – those holding between 100 million and 1 billion ADA – have added 11% to their balances in the past month, according to ITB’s latest...Read More
Solana Bullish Solana (SOL) price today soared above the $157 resistance trendline but ran out of steam with increased selling pressure and now seeking support above it. We may also see a potential retest sitting on the edge which is also a pullback support. With a sharp increase of 31.78% in 24-hour trading volume, the...Read More
QCP Capital has forecasted a bullish momentum that could see bitcoin reach its previous highs of $74,000 in the next few months. This follows a surge in BTC’s price on May 15th, fueled by growing ETF inflows and the April Consumer Price Index (CPI), which indicated a slight decrease in inflation from the previous month....Read More
Solana’s native token, SOL, surged by double digits within a 24-hour period. At the time of reporting, SOL is valued at $161 after tapping $165 earlier, with a 24-hour trading volume of $3.7 billion, marking an increase of 56.6%. According to CoinGecko data, SOL is the fifth largest cryptocurrency, with a market cap of $73.1...Read More
Morgan Stanley, the sixth-largest banking firm in the United States, has invested over $269 million in a spot Bitcoin ETF, as disclosed in its recently published Form 13-F. The Securities and Exchange Commission (SEC) filing revealed that the investment was made in Grayscale’s GBTC during the first quarter of 2024. Morgan Stanley Joins Banks Investing...Read More
The Chicago Mercantile Exchange (CME Group) is gearing up to introduce spot Bitcoin trading to capitalize on the increased interest in the cryptocurrency sector from Wall Street fund managers this year, according to a report by FT. However, the plan is still in the preliminary stages and hasn’t been finalized yet. Spot Bitcoin trading involves...Read More
[PRESS RELEASE – London, United Kingdom, May 16th, 2024] Talos, the premier provider of digital asset trading technology for institutions, and One Trading, a crypto trading venue headquartered and regulated in the European Union, announced an integration designed to expand liquidity access for institutions. As part of the collaboration, One Trading joins the Talos network...Read More
In a filing with the Securities and Exchange Commission this week, the State of Wisconsin Investment Board (SWIB) reported investments in spot Bitcoin ETFs from BlackRock and Grayscale. According to SWIBs Form 13F for Q1 2024, the $156 billion pension fund purchased $64 million worth of Grayscale’s GBTC, and $99.2 million worth of BlackRock’s IBIT,...Read More
Inflows for spot Bitcoin ETFs in the United States soared to $303 million on May 15 amid a big jump in BTC prices. It is the highest inflow since May 3 as institutional inventors pivoted back to bullish in the wake of the US Consumer Price Index (CPI) data on May 15 which met expectations....Read More
Since the beginning of April, more than a million new tokens have been created, with over 370,000 appearing on Ethereum, owing to activity on Coinbase’s Layer 2 network, Base. Solana leads with the creation of over 640,000 new tokens, primarily meme coins. Base Sees Increased User Activity According to the data shared by Coinbase director...Read More
The lawyers of Ryan Salame, a former executive of the bankrupt cryptocurrency exchange FTX, who pleaded guilty to his role in the firm’s collapse, have requested that a court sentence their client to 18 months in prison in an upcoming hearing scheduled for May 28. According to a sentencing memorandum seen by Inner City Press,...Read More
AI and big data crypto projects and tokens are suffering losses, reflecting a market lacking a clear direction. As a result, the broader altcoin sector is in turmoil as traders eagerly await signals from Bitcoin. A new analysis suggests that the dominance of the world’s largest cryptocurrency is increasing, which is holding back altcoin profits....Read More
The meme coin market has seen a strong revival due to increased buying demand in the cryptocurrency market. As Bitcoin’s price aims to rise above $65,000, Pepecoin is trending sharply toward its previous all-time high. However, with the rally slowing down, analysts are beginning to worry about the possibility of a pullback. Pepe’s Whale Interest...Read More
[PRESS RELEASE – Majuro, Marshall Islands, May 15th, 2024] Multipool, a leading innovator in the blockchain and cryptocurrency industry, announces the close of its $650k VC investment round led by NxGen, and the announcement of its Fjord Foundry LBP on May 21st-23rd. In the past month, Multipool has brought together the best of the crypto...Read More
The Shiba Inu ecosystem is migrating its native decentralized exchange to Shibarium in the form of ShibaSwap 2.0. The DEX will now be usable on both Ethereum and Shibarium – the layer 2 blockchain of the SHIB ecosystem focused on scalable, fast, and cheap transactions. Per a press release shared with CryptoPotato, ShibaSwap 2.0 will...Read More
An anonymous trader has made headlines by making a profit of $46 Million with PEPE within one year, equivalent to a 15,718x gain. This comes as the Solana-based meme coin recently achieved a milestone that saw it hit a new all-time high on May 15. The Trader’s Strategy According to Lookonchain data, the trader acquired...Read More
[PRESS RELEASE – Majuro, Marshall Islands, May 15th, 2024] Billion Dollar Jackpot (BDJ) is proud to announce its presale kick off with a $100,000 raise. BDJ is an innovative blockchain initiative that merges the thrill of Formula 1 racing with the cryptographic security and versatility of digital tokens, positioning itself as a pioneering force in...Read More
[PRESS RELEASE – Zug, Switzerland, May 15th, 2024] Institutional crypto platform Anchorage Digital has announced support for native DYDX staking. Now, institutions can stake DYDX from safe and secure custody at Anchorage Digital and earn staking rewards distributed by the protocol in USDC. As home to the only federally chartered digital asset bank, Anchorage Digital...Read More
[PRESS RELEASE – Marseille, France, May 15th, 2024] CROSS THE AGES (CTA), a multimedia gaming ecosystem, announced a $3.5 million equity round of funding, led by Animoca Brands. With additional investments from Sebastien Borget of The Sandbox and Nicolas Jeuffrain of Tenergie, this funding round builds upon $15 million raised from investors, totaling $23.5M in...Read More
An anonymous core contributor to the Solana exchange Cypher Protocol, known only as “Hoak,” has come forward with a confession. The individual admitted to stealing and gambling approximately $260,000 worth of the project’s cryptocurrency, which had been recovered from a $1 million exploit that hit the platform last year. Confessions and Stolen Crypto The revelation...Read More
BlockTower Capital’s primary hedge fund has fallen victim to fraudsters, who have managed to drain its assets partially. According to the Bloomberg report, the stolen funds have not yet been recovered, and the perpetrator remains at large. However, one source revealed that the firm roped in blockchain forensics experts to investigate the theft and recently...Read More
On May 14, Ethereum solutions provider ConsenSys announced the deployment of Smart Transactions, a new technology rolling out to all MetaMask users globally as an optional feature. Smart Transactions aims to offer better transaction success rates, reduce gas costs, and protect users from harmful MEV (Maximal Extractable Value) attacks like frontrunning and sandwiching. MetaMask users...Read More
Bitcoin is likely to remain within the current trading range until a more favorable macroeconomic environment arises. Taking into account the current market conditions, such as profit margins, leverage, and the distribution of coin ages, the landscape suggests a more expressive rally within this cycle. The target for CryptoQuant’s analyst stands at around the anticipated...Read More
Bitcoin has continued to gain mainstream adoption, with major corporations and top industry dogs incorporating the digital asset into their long-term financial strategies. Metaplanet, a Japanese investment and consulting company listed on the Tokyo Stock Exchange, is the most recent firm to make such a remarkable move. Metaplanet Makes Bitcoin Reserve Asset According to an...Read More
Galaxy Digital CEO Mike Novogratz thinks Bitcoin’s price action is in for a lengthy sleeper period until the market “narrative” can rear its head. That narrative can come in one of two forms: either the central bank cuts interest rates, or regulators clear the air on crypto. Bitcoin Needs A New Narrative During a company...Read More
According to reports from Cyvers Alerts, the hacker who stole 150,000 ETH from the Parity Multisig Wallet version 1.5 in 2017 has resurfaced, moving stolen Ethereum worth $9 million to cryptocurrency exchange eXch. The hacker still has control over 83,017 ETH, amounting to $246.6 million stolen during the 2017 incident. $9M Worth of Ethereum Laundered...Read More
Digital assets investments said the first inflow in five weeks with $130 million of net gains over the past week. Interestingly, the lack of action from US regulators regarding spot Ethereum ETF applications has sparked speculation that approval won’t happen soon, and this has resulted in significant outflows for Ethereum in the same timeframe. Investors...Read More
United States President Joe Biden has shut down a Chinese-based cryptocurrency mining firm and banned it from acquiring land close to a Wyoming nuclear missile base. According to Biden, the firm was built just a mile from an Air Force base with nuclear-armed intercontinental ballistic missiles, posing a “national security risk.” MineOne Ordered to Shut...Read More
