Crypto News

SEC legal battle with Terraform Labs over TerraUSD collapse continues to unfold. Funds allegedly diverted from investors and creditors to an “opaque slush fund” for lawyers. Terraform Labs faces intensified scrutiny as the SEC challenges the allocation of resources. The U.S. Securities and Exchange Commission (SEC) has raised objections to Terraform Labs’ allocation of a $166 million retainer to the law firm Dentons. This development comes amidst an ongoing legal tussle between Terraform Labs and the SEC, stemming from the collapse of TerraUSD and the subsequent bankruptcy filing by Terraform Labs in January 2024. Alleged fund diversion The SEC contends that the substantial retainer payment to Dentons represents a diversion of funds that should rightfully be allocated to investors and creditors involved in Terraform’s bankruptcy proceedings. The commission has characterized this allocation as an attempt by Terraform Labs to establish an “opaque slush fund for its lawyers,” rat...

Marathon Digital has unveiled two sidechains on Anduro, the new multi-chain layer-2 network on Bitcoin. Bitcoin Dogs ($0DOG), the first-ever BRC-20 ICO, has surpassed $5.4 million amid massive industry attention. $0DOG presale ends on March 15, 2024 Bitcoin ’s appeal as a blockchain network continues to grow with the launch of various applications that tap into its security, decentralization and reliability. Marathon Digital, one of the leading crypto mining companies in the world, is advancing this development via Anduro, a new multi-chain layer-2 network on Bitcoin. Meanwhile, Bitcoin Dogs , a new crypto project for GameFi and NFTs, has attracted remarkable interest after it launched the first-ever ICO on the Bitcoin blockchain. Marathon Digital unveils first sidechains of new Bitcoin layer-2 network According to Marathon Digital, while Bitcoin’s strengths as a network would be appealing to any developer, its current functionality may not. The company points to the challenge ...

Ethereum (ETH) surged above $3400, driven by Bitcoin’s rise. Pullix pre-sale ending soon; PLX to list on Uniswap, BitMart. Investors eying Ethereum (ETH) and Pullix (PLX) amid the bullish crypto market. The cryptocurrency market is experiencing a significant surge, propelled by impressive gains in Ethereum (ETH) and Bitcoin (BTC) . Ethereum has seen a remarkable increase of over 17% in the last week, reaching $3,470.73. Ethereum’s price surge can be attributed to the generally bullish sentiment in the crypto market largely attributed to the positive performance of Bitcoin, which has surged by 21% since Monday, trading at $62,807.02 at the time of writing. As the cryptocurrency market witnesses a bull cycle, the presale of Pullix’s native token is a few days to its end awaiting listing on two crypto exchanges. Ethereum’s price surge and market dynamics Ethereum’s recent price surge is a testament to its resilience and growing popularity in the cryptocurrency market. With a s...

Key takeaways Bitcoin topped the $63k level for the first time since December 2021. Memeinator’s presale has raised more than $5.2 million.  Bitcoin approaches its all-time high price Bitcoin, the world’s leading digital currency by market cap, has performed excellently since the start of the week. It is up by 22% during that period, outperforming other major cryptocurrencies.  BTC hit the $63,700 mark on Wednesday, its highest level since December 2021. At press time, the price of Bitcoin stands at $62,969, up by 10% in the last 24 hours. It is now getting closer to its all-time high price of $69k. What is Memeinator? Memeinator is a meme Web3 project that is still in its presale stage. The project seeks to provide service to content creators who use memes.  According to the whitepaper on the official Memeinator website, the development team laid out a series of strategies to help them turn Memeinator into one of the leading meme coins in the crypto space...

Key takeaways BlackRock’s spot Bitcoin ETF achieved a trading volume of $1.3 billion for the second consecutive day. BTC touched $57k as Bitbot’s presale approaches $750k BlackRock’s IBIT trading volume soars higher Bitcoin has been performing excellently since the start of the week, thanks to BlackRock’s IBIT and other spot Bitcoin ETFs.  BlackRock’s IBIT recorded a trading volume of $1.3 billion for the second consecutive day. The ETF recorded a trading volume of $1.35 billion on Tuesday, surpassing the $1.3 billion reported on Monday.  The positive performance also means that BlackRock’s IBIT was the fifth most traded among all U.S.-listed ETFs during the morning hours. The record numbers from spot Bitcoin ETFs continue to show an increasing appetite for Bitcoin by institutional investors. The rising trading volume could also spill into the crypto market and this is where projects like Bitbot could offer excellent use cases to traders and investors.  Wha...

Cardano introduces Plutus V3 engine, enhancing smart contract functionalities Cardano (DA) price has surged following the launch of the new engine. PLX token presale coming to an end, with $8,242,734 raised. Cardano , a leading Proof-of-Stake (PoS) blockchain, has unveiled its highly anticipated Plutus V3 engine, aiming to revolutionize smart contract functionalities and drive developer innovation. At the same time, Pullix , a new DeFi protocol, is gearing up for the listing of its PLX token on two exchanges once the presale comes to an end. Cardano’s Plutus V3 Engine The Plutus V3 engine, introduced by Cardano, is a significant upgrade poised to enhance performance and functionality on its PoS network. The engine is designed to augment smart contract capabilities and is set to drive intrigue among developers seeking advanced blockchain solutions. 👀 Introducing PlutusV3 – a new ledger language now available for testing on #SanchoNet . With improved smart contract adoption, ...

Aerodrome Finance announced the Base Ecosystem fund, led by CB Ventures, had market-acquired a position in AERO. AERO price jumped more than 115% to hit an all-time high of $0.2522 on Tuesday. Aerodrome Finance is a liquidity protocol on Base, an Ethereum layer-2 launched by Coinbase. Aerodrome Finance, the largest trading and liquidity marketplace on Base, is experiencing a massive surge in buying for its native token AERO. With its price at $0.2271 on Tuesday, the AERO token has jumped a staggering 1,225,529.89% from its all-time low of $0.00001861. Data from CoinGecko shows the cryptocurrency reached this level just four months ago on October 17, 2023. Today’s 115% spike in AERO prices has the altcoin trading more than 175% up this past week. The 24-hour volume for Aerodrome Finance is $72 million, which represents a 2,000% jump in network activity. Why is AERO price skyrocketing? Aerodrome Finance’s price surge comes amid the latest news that the CB Ventures’ Base Ecosys...

Ethereum, THETA, Memeinator price prediction as crypto rally resumes Ethereum is seeing huge institutional investor interest and could target $5k while THETA may rally as the AI boom continues. The Memeinator is in presale and could explode as it rolls out its project. Ethereum could hit $5,000 amid growing institutional adoption. Meanwhile, Artificial Intelligence (AI) developments and meme coin resurgence could buoy Theta Network (THETA) and Memeinator (MMTR) respectively. Ethereum price: ETH attracting institutional investors Ethereum price has broken above $3,200 as market data shows institutions are betting big on the world’s second largest cryptocurrency by market cap. As crypto analyst Rekt Capital pointed out on X today, the last time Ethereum price spiked as it has this month was during the last bull cycle. While that happened near the cycle peak, the analyst says the extent of gains this month suggests the bull cycle might reach a new level. The top altcoin, accor...

Bitcoin Cash and Stacks are among altcoins to surge as Bitcoin price broke above $57k today. KangaMoon (KANG) is a new meme coin offering real-world value via a Social-Fi and play-to-earn (P2E) ecosystem. The project’s presale has accelerated into stage 2 as investors eye a potential 20x token. Bitcoin Cash (BCH) and Stacks (STX) rallied as Bitcoin price broke above $57,000 to strengthen bulls’ attempts to reach the last bull market’s peak. BCH added 14% to trade at $303 while STX price jumped 24% to $3.14. Elsewhere, Dogecoin pushed to $0.09 as meme coins looked to pump amid the BTC momentum. This sentiment cascaded into the presale market, where KangaMoon (KANG) is attracting huge attention from investors. Bitcoin price spike pushes BCH, STX higher Once Bitcoin broke above $54k, bears had no answer as the next few hours saw the benchmark cryptocurrency blast past $57k . According to TradingView data, $BTC price rose as high as $57,250 on US-based crypto exchange Coinbase. T...

Bitcoin breaks $57,000 as BlackRock’s IBIT hits record with $1.3 billion BTC could reach or break past its all-time high before the halving Bitcoin ’s pre-halving rally has seen the bellwether crypto reach $57,000, pushing to within just 20% of its all-time high of $69,000 in 2021. After breaking past the $54,000 level , Bitcoin price extended its gains to above $57k late Monday. On Coinbase, BTC rose to $57,250, with total short liquidations reaching $271 million. Bitcoin accounted for $189 million of the liquidated shorts. Ethereum’s surge to highs of $3,280 also saw over $67.8 million shorts liquidated. However, altcoins were largely spectators to Bitcoin’s bullish show. Market intelligence platform Santiment shared this on X Tuesday morning. “#Bitcoin has now scratched its way to a market value as high as $57,250, reaching within 19.9% of the $68.6K high established 27 months ago. Now at a pivotal moment, traders’ interest in $BTC is exceedingly high as #altcoins have te...

Bitcoin hits $54,900 for first time since 2021 as BlackRock’s IBIT trades $1 billion shares. BTC price is rising amid analyst predictions for a halving explosion. Bitcoin is eyeing a pre-halving breakout as its price jumped above $54,900 for the first time since November 2021. On crypto exchange Coinbase, Bitcoin price reached highs of $54,980. The more than 6% gains pushed the benchmark cryptocurrency’s market cap to over $1.06 trillion. BTC breaks above $54k as IBIT trades $1 billion ETF shares In the ETF market, BlackRock’s iShares Bitcoin Trust ($IBIT) traded over $1 billion and analysts are saying the momentum is set to fuel further gains for BTC price. Bloomberg ETF analyst shared that the performance ranked $IBIT 11 th amongst all ETFs. “ MILESTONE $IBIT has traded $1b worth of shares today so far.. which ranks it 11th among all ETFs (Top 0.3%) and Top 25 among stocks. Insane number for newbie ETF (esp one w ten competitors). $1b/day is big boy level volume, enough fo...

AltSignals (ASI) recently listed on crypto DEX platform Uniswap. Analysts have shared major predictions for Bitcoin (BTC) as price hovers near $51k. As Bitcoin bulls struggle to hold prices above $51k, a crypto analyst has shared a potential bearish flip that could see BTC price trade to $48k. Here’s the price outlook for AltSignals . BTC price to $48k? Analyst points to on-chain metric Bitcoin price rose to above $53k on February 20, hitting the highest level since December 2021. While the bellwether cryptocurrency’s market cap remains above the $1 trillion mark hit this month, prices have revisited the $50.6k level on multiple occasions. A crypto analyst has shared a Bitcoin price prediction suggesting BTC could dip to lows of $48k. On-chain and data analytics platform CryptoQuant shared the analyst’s view on X on Monday. Per the prediction, the 30-day moving average of Bitcoin’s short term Holder SORP metric shows it’s near the selling zone for short-term investors. The te...

AiB introduces GovGen for AtomOne fork, revolutionizing blockchain governance. The All in Bits ((AiB) firm is led by Cosmos co-founder Jae Kwon. The Meme Moguls presale has raised over $2.657 million so far. Cosmos developer All in Bits (AiB) is making waves in the blockchain world with the introduction of GovGen, a new governance-focused network set to precede the controversial AtomOne fork of the Cosmos Hub. Meanwhile, the Meme Moguls presale is gaining momentum, with the rising MGLS token price through the presale stages and expectations high as the presale nears its end. All in Bits’ GovGen blockchain for AtomOne fork GovGen is set to revolutionize blockchain governance by offering a decentralized decision-making process. Spearheaded by All in Bits, the firm led by Cosmos co-founder Jae Kwon, GovGen will play a crucial role in shaping the design and launch of the upcoming AtomOne fork. Scheduled to go live on Tuesday at 9 am ET, GovGen aims to provide a platform for the c...

Bitbot (BITBOT) is accelerating its presale as attention shifts to its non-custodial Telegram app. Elsewhere, Ethereum layer-2 protocol Mantle (MNT) price could eye $1 after hitting new all-time high. Mantle price is surging amid new focus on layer-2 projects. Meanwhile, BITBOT, the native token of new Telegram trading bot Bitbot , could be the next 100x token as the world’s first non-custodial Telegram app edges towards launch. Bitbot: Top non-custodial trading app Telegram trading bots have seen their total market cap rise to $851 million and 24-hour trading volume hit $48 million. DeskCheck, PaLM AI and Banana Gun are some of the top performing Telegram trading apps in the past 24 hours. Elsewhere, Bitbot (BITBOT), Telegram’s first non-custodial trading bot, has surged into stage 4 of its presale. The project has raised more than $715k and could accelerate in coming weeks as the market enters the next phase of the bull cycle. As crypto traders eye the opportunity that presen...

OVERDARE partners with Circle for Web3 integration in mobile gaming, empowering creators worldwide. Integration of Settlus network by OVERDARE ensures transparent revenue distribution on blockchain. The global launch of the OVERDARE platform is expected in the second half of 2024. In a significant milestone in the convergence of blockchain technology and mobile gaming, OVERDARE, a joint venture backed by gaming giants KRAFTON and NAVER Z Corporation, has announced a strategic partnership with Circle Internet Financial. This collaboration aims to reshape the landscape of mobile user-generated content (UGC) gaming by integrating Circle’s Programmable Wallets into the OVERDARE platform, facilitating seamless transactions and empowering creators worldwide. Empowering creators with web3 integration At the core of this alliance lies OVERDARE’s innovative UGC mobile gaming platform, aptly named OVERDARE. Designed with advanced AI-generative tools and features, the platform promises an...

Bitcoin Dogs (0DOG) is crypto’s pioneering ICO on Bitcoin blockchain. Analysts say Bitcoin is entering a new era with Layer-2 and BRC-20 tokens. 0DOG presale is selling out fast amid massive investor interest, raising more than $4.3 million in just ten days. Cryptocurrency markets have experienced a significant sentiment boost in the last two months and investors keen to ride the upcoming momentum might fancy the extremely bullish aura surrounding Bitcoin (BTC) . The flagship cryptocurrency, currently showing a resilient outlook above $50k, however has another ecosystem quickly growing around it – the Bitcoin Layer-2 and BRC-20 token standard. One particular project is the focus of crypto investors – Bitcoin Dogs . Bitcoin Dogs (0DOG): Pioneer ICO on Bitcoin takes market by storm The Bitcoin Dogs (0DOG) project is on the cusp of entering a new phase with its $0DOG token market launch. Ahead of this highly-anticipated development, the attention of the crypto investing community ...

Cardano (ADA) traded below $0.60 as a TD Sequential indicator flashed a sell signal. Crypto analyst Ali says this indicator previously saw bearish flips for ADA. ADA still eyes a run to the psychological $1 level. Cardano is trading near $0.60 on Saturday afternoon, about 1.3% up in the past 24 hours. However, with price dipping below the above area, its likely sellers could eye further moves amid broader crypto market correction. Analyst says ADA faces correction A sell signal in the form of a TD Sequential indicator on Cardano’s 3 day chart. That is the outlook crypto analyst Ali shared via X on February 23. In technical analysts, the TD Sequential helps traders identify a potential reversal point in an asset’s market trend. With it, traders can pinpoint buy or sell signals – with this usually the case for token prices either reversing upward or downward. As the analyst notes, Cardano’s price has corrected downward on previous occasions when this indicator flashed bearish....

US prosecutors seek court orders compelling former Binance CEO Changpeng Zhao to surrender his passports. The government wants Zhao’s bond conditions to ensure he doesn’t travel out of the US ahead of his sentencing. Zhao pleaded guilty to breaking the federal anti-money laundering law. US prosecutors have filed a motion requesting that former Binance CEO Changpeng Zhao be asked to surrender his travel documents ahead of his sentencing in April this year. The US Attorney’s Office, in a filing at the District Court for the Western District of Washington, requested Magistrate Judge Brian Tsuchida to approve additional travel restrictions against Zhao. US Attorney’s Office eyes travel restrictions for Zhao As noted in the court document filed on February 23 by US Attorney Tessa Gorman, the government wants Zhao’s bail conditions specified. The former Binance chief stepped down in 2023 as US authorities announced a $4.3 billion settlement with the exchange. His exit also happene...

FTX sought to claw back $323 million from founders of FTX Europe, a crypto platform the bankrupt exchange acquired in 2021. According to court documents, FTX argued the exchange had overpaid for the startup. The settlement means FTX Europe founders will now buy back their company for $32.7 million. FTX , the bankrupt crypto exchange that shocked the crypto world when it imploded in 2022 , has agreed to sell its European subsidiary to the original owners. After dropping a case that sought to claw back money used to buy the Europe-based crypto startup, FTX agreed to sell it back to its founders for $32.7 million. The settlement is well below the $323 million FTX spent on the deal in 2021. FTX sells assets of FTX Europe back to founders According to documents filed in the bankruptcy court in Wilmington, Delaware on Thursday, FTX has settled with founders of FTX Europe. F ormerly Zurich Digital Assets DA AG before a rebranding, FTX Europe was the crypto exchange’s gateway to the E...

Pangolin (PNG) surged 234% in 24 hours, hitting $0.31. Technical indicators hint at short-term correction, but bullish momentum persists. Bitcoin Dogs presale raises $4,241 in slightly over a week. Pangolin (PNG), the native governance token of the Pangolin DEX, has experienced an unprecedented surge, catapulting to multi-month highs amidst a frenzy surrounding a new canine-themed NFT project called Bitcoin Dogs that’s conducting the first of its kind ICO on the Bitcoin blockchain . The PNG token soared by an astonishing 234% in just 24 hours, reaching highs of $0.31 as trading volume skyrocketed by a staggering 5500% as we had highlighted in our earlier news coverage . Pangolin (PNG) price chart   Pangolin (PNG) price: a thrilling rally Pangolin’s remarkable price surge marks a significant milestone for the multi-chain DEX platform, which has been gaining traction amidst the backdrop of Bitcoin’s battle to maintain the $50,000 level. The surge in PNG price is a testam...

Gauntlet terminates 4-year partnership with Aave due to DAO governance challenges. Gauntlet was Aave’s Risk Steward. Aave now faces the task of finding a new Risk Steward after Gauntlet withdraws. In an announcement made by Gauntlet co-founder John Morrow in an Aave forum post , Gauntlet, a prominent blockchain risk management firm, has terminated its four-year partnership with Aave , the leading decentralized lending platform managed by Aave Companies that recently rebranded into Avara .   Gauntlet’s decision, attributed to governance challenges within Aave’s decentralized autonomous organization (DAO), marks the end of a collaboration aimed at enhancing the safety and efficiency of the platform. DAO governance disputes Gauntlet’s role as a Risk Steward for Aave involved monitoring and analyzing protocol parameters to ensure the platform’s security. However, according to Gauntlet co-founder John Morrow, navigating the inconsistent guidelines and objectives of Aave’s large...

StarkWare updates token unlock schedule as interest in Bitcoin Dogs grows Bitcoin Dogs presale near $4 million milestone amid massive investor interest. Bitcoin Dogs’ token $0DOG is the first BRC-20 ICO on Bitcoin. StarkWare, the developer firm supporting the Ethereum Layer-2 protocol Starknet, has heeded to community feedback, changing the unlock schedule of allocated STRK tokens.  As the crypto community mulls what this means for Starknet ecosystem contributors, new crypto project Bitcoin Dogs continues to dominate the presale market. With its value proposition, it’s emerging as one of the best ICO projects today. StarkWare adjusts token unlock On Thursday, StarkWare announced an update to the unlocking schedule for the Starknet (STRK) token – news that saw the price of recently launched token rise sharply. The platform acted after criticism over a schedule that would have seen a massive chunk of the allocated 1.3 billion STRK unlocked in April. The new schedule signifi...