Crypto News

Ethereum price has dropped below $3,000, hitting lows of $2,942 on Coinbase. The decline in the price of Ethereum comes as spot ETH ETFs saw a tepid debut in Hong Kong. Liquidations hit $320 across the crypto market, with over $96 million in ETH (over $78 million of it in liquidated longs). Ethereum has declined to below $3,000 again as the broader crypto market reels from downside pressure. As Bitcoin retested prices near $60,000 on Tuesday, ETH price moved lower and broke under the psychological $3k level. On crypto exchange Bitstamp, ETH/USD reached lows of $2,945 while the second largest cryptocurrency by market cap’s value revisited $2,942 on US-based exchange Coinbase. ETH price weakness amid key developments ETH is seeing renewed downside pressure amid crucial developments around this cryptocurreny’s ecosystem and in the regulatory space. This past week, Consensys sued the US Securities and Exchange Commission (SEC) , accusing the regulator of gross overreach in its e...

Cardano’s price is at $0.45 after a bearish flip this past month.  Santiment analysts say ADA could see a potential bullish flip as whale activity spikes. KangaMoon (KANG) is a new crypto project attracting a lot of attention in its presale.  Cardano (ADA) has dipped below a key level and could face new downside pressure as Bitcoin struggles to reclaim $64k. However, on-chain data shows a spike in whale activity to suggest a potential reversal. This article looks at the price prediction for Cardano , and what the broader market outlook means for KangaMoon (KANG) . What is KangaMoon? KangaMoon is a new cryptocurrency that combines meme coin culture with the emerging SocialFi and GameFi elements of the crypto market. The project’s strong pull is down to the rapid growth of the meme coin sector and the utility and appeal of play-to-earn (P2E) gaming. KangaMoon’s native token offers access to these components of the market, with early backers getting a chance to earn more...

EigenLayer’s token EIGEN will launch in May, with a total supply of 1.67 billion tokens. The Eigen Foundation has announced an airdrop for the community, set for May. The Eigen Foundation, the non-profit supporting the development of restaking protocol EigenLayer, has announced the launch and distribution of the native token EIGEN. Alongside the announcement for the token, the foundation and the Eigen Labs team unveiled the EigenLayer whitepaper. The project, which attracted investment from Binance Labs and a16z early this year, has seen tremendous growth in terms of staked Ether (ETH). EIGEN token launch and airdrop According to today’s announcement, the Eigen Foundation will launch the EIGEN token in May. An airdrop for the community of stakers on EigenLayer will also go live. The new token is set at a total supply of 1.67 billion, with 45% of the EIGEN tokens allocated to the community. Today the @eigenfoundation introduces EIGEN, based on research by @eigen_labs , alo...

zkSNACKs restricts Wasabi Wallet access for U.S. citizens and residents. Decision follows arrests of Samourai Wallet and Tornado Cash founders. Move aims to mitigate legal risks amidst regulatory scrutiny. In response to recent legal actions and regulatory scrutiny, zkSNACKs, the developer behind the privacy-focused Wasabi Wallet, has decided to restrict access to its services for United States users. This move comes amidst growing concerns within the cryptocurrency community following the arrests of individuals associated with other privacy-enhancing wallet services, such as Samourai Wallet and Tornado Cash. Arrests of the founders of Samourai Wallet The decision to block access for U.S. citizens and residents was announced in a blog update by zkSNACKs, citing recent developments involving other privacy-focused wallet services. Specifically, the arrests of the founders of Samourai Wallet on charges of money laundering, as well as the arrest of Tornado Cash co-founder Roman St...

China investigating Yao Qian, the former head of the Digital Yuan project. Local media reports say Yao is under probe for “violations of discipline and law.” Yao Qian, a leading Chinese blockchain expert who previously spearheaded China’s Digital Yuan program, is reportedly under government investigation. The Digital Yuan is a central bank digital currency ( CBDC ) project that sparked other countries towards similar efforts.  Local media reports say China’s anti-graft agency is probing Yao for alleged “violations of discipline and law.” Ex-Digital Yuan boss under probe Yao led the Chinese central bank’s CBDC effort before exiting the PBOC in 2018 to join the Securities Regulatory Commission. On Friday, state-run news agency Shanghai Securities News, reported :   “ Yao Qian, Director of the Science and Technology Supervision Department and Director of the Information Center of the China Securities Regulatory Commission, is suspected of serious violations of dis...

SEC sues Geosyn Mining and co-founders for misappropriated funds and misleading investors. Bitbot revolutionizes crypto trading with a non-custodial Telegram bot. The $BITBOT presale nears $3M presale with the token poised to rise from the current $0.0171 to $0.018. The Securities and Exchange Commission (SEC) has filed charges against Bitcoin miner Geosyn Mining, LLC, and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, for allegedly defrauding investors out of $5.6 million. Meanwhile, Bitbot , a non-custodial Telegram trading bot, is on the verge of hitting $3 million in its presale. Let’s delve into the details of these developments. SEC’s charges against Geosyn Mining and its co-founders According to the SEC’s complaint , filed in a federal court in Texas, Geosyn raised approximately $5.6 million from over 60 investors between November 2021 and December 2022. According to the U.S. SEC, the company allegedly misled investors by falsely claiming to purchase, mai...

The Franklin OnChain FOBXX investors can now transfer the fund’s BENJI token directly between each other without any intermediary. Franklin Templeton is competing with BlackRock’s Ethereum-based BUIDL fund in the tokenized assets niche. Franklin Templeton maintains a 32% market share. In a move that marks a significant advancement in the realm of digital asset management, Franklin Templeton has announced the tokenization of its US Government Fund on the Polygon and Stellar blockchains. By embracing blockchain technology, Franklin Templeton aims to enable peer-to-peer transfers for shares in its Franklin OnChain United States Government Money Fund (FOBXX) using BENJI token. One BENJI security token is a share of the Franklin OnChain U.S. Government Money Fund recorded on a public blockchain and it is currently available on Polygon and Stellar. Franklin Templeton competing with BlackRock Franklin Templeton’s initiative comes amidst a competitive landscape, with BlackRock’s new...

Shiba Inu unveils Shibarium plans including upgrades to ShibaSwap and the introduction of TREAT token. Kangamoon blends meme culture and Play-to-Earn using $KANG token. Ongoing Kangamoon presale has raised $5,727,717.801 with 67.9% tokens sold. Shiba Inu (SHIB) has set its sights on groundbreaking developments within the Shibarium ecosystem, unveiling a roadmap packed with ambitious projects and upgrades. Meanwhile, amidst the buzz surrounding Shiba Inu’s plans, Kangamoon emerges as a contender, capturing attention with its unique approach to meme culture and innovative features. Shiba Inu plans for the Shibarium ecosystem Shiba Inu , renowned for its vibrant community and ambitious projects, recently revealed its roadmap for the Shibarium ecosystem. This roadmap promises extensive improvements and developments spanning decentralized finance (DeFi), gaming, community engagement, and technical infrastructure. What's coming in 2024/2025 for #Shibarium ? – #Shibaswap (ver...

PANDA and MEW see price rally but face resistance resulting in pullbacks. Investors shift focus to Altgotech amid cooling off of PANDA and MEW momentum. Altgotech aims to revolutionize trading and its native token ALGT is currently in the presale stage. In the volatile world of cryptocurrency, investors are always on the lookout for the next big opportunity. Recently, two altcoins, Panda Swap (PANDA) and Cat in a Dogs World (MEW), experienced significant price rallies, attracting attention from the crypto community. However, the bullish momentum for the two tokens has cooled off and investors are now turning their focus to a new altcoin like Algotech (ALGT), signalling a dynamic shift in market sentiment. Panda Swap (PANDA) price rally and pullback Panda Swap (PANDA) recently witnessed a remarkable price rally, driven by massive interest from the meme coin community. The token’s surge was fueled by anticipation surrounding its expected listing on MEXC exchange, which promised...

Key takeaways Bitbot is currently in its 12th presale stage and has raised nearly $2.9 million. The presale price will increase to $0.018 in the next stage. The cryptocurrency market has been volatile since last week’s halving, with prices of Bitcoin and other major altcoins fluctuating. However, that hasn’t stopped Bitbot’s progress as its presale approaches a new milestone.  What is Bitbot? Bitbot is a unique Web3 project targeting cryptocurrency traders. It is a Telegram trading bot that offers users access to high-end trading features.   It is designed for retail cryptocurrency traders as it allows them to trade a wide range of crypto pairs via their cold wallets on Telegram. Bitbot chose to leverage Telegram as it is the leading messaging platform for crypto users.  Per the whitepaper, Bitbot will provide retail traders with world-class features to help them manage and grow their trading portfolios.  The cryptocurrency market has been recording e...

Chainlink Cross-Chain Interoperability Protocol (CCIP) is now in general availability (GA). Developer can leverage CCIP permissionlessly for cross-chain token transfers and to send messages to smart contracts. Chainlink , the decentralised computing platform for Web3, has announced that its Cross-Chain Interoperability Protocol (CCIP) has officially launched for general availability. The Chainlink team said in a blog post that the official unveiling of CCIP in general availability means any developer can now integrate CCIP across all the supported blockchains. Permissionless access also means developers can use CCIP to transfer tokens, send arbitrary messages and data to smart contracts on supported networks. Chainlink CCIP has officially entered general availability. Now, all developers can integrate #CCIP across all supported blockchain mainnets in a faster, easier, and more self-serve manner than ever before. https://t.co/VBQEBQViye pic.twitter.com/pgg4q2X7GW — Chainlin...

Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. This is a major development in the real-world assets (RWAs) industry and comes after abrdn plc tokenized its MMFs on Hedera last year. The crypto world has witnessed a historic moment in the real-world assets (RWAs) industry after Archax, a London-based digital asset exchange, broker and custodian, tokenized the BlackRock ICS US Treasury money market fund (MMF) on the Hedera (HBAR) blockchain . Archax collaborated with the HBAR Foundation and the institutional-grade digital assets platform Ownera to bring the MMF to Hedera. According to details in an announcement , the milestone follows Hedera Council member abrdn’s successful tokenization of its MMFs on Hedera last year. abrdn is the largest active wealth manager in the UK and its flagship tokenized funds marked a major milestone in the asset management industry. Today we witness #RWA history as @Black...

Arthur Hayes is bullish on crypto amid the macro setup that he says could present a golden opportnity He says altcoins as well as presale tokens may be worth a look at as crypto exits latest window of weakness KangaMoon (KANG) is one of the new projects attracting huge attention as its presale noves towards a close Arthur Hayes believes the crypto market is set to continue on the upside, pointing to the macro setup and the sovereign debt bubble. The Maelstrom family office head, is also bullish on altcoins and new token launches that he says present a “golden opportunity” after the recent crypto weakness. With the market likely to flip bullish in coming months, could this be the time to take advantage of the KangaMoon (KANG) presale ? Arthur Hays explains bull market setup and potential opportunities BitMEX exchange co-founder and former CEO Arthur Hayes is bullish on crypto rebounding after the recent dip, noting that prices could “get sillier on the upside.” This, he argued i...

Gox to distribute 142,000 BTC and 143,000 BCH, valued at over $9 billion, to creditors. The payout process could commence as early as next month. All eyes are on the impact of the payout on Bitcoin and Bitcoin Cash price especially after the bitcoin halving event. Mt. Gox, once a major player in the cryptocurrency exchange scene, faced a devastating hack in 2014, leading to its collapse. Now, nearly a decade later, the defunct exchange is preparing to distribute a significant sum of digital assets including approximately 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH) , amounting to over $9 billion in total, to creditors. This impending payout has prompted concerns among market observers, with K33 Research highlighting the possibility of a negative impact on the price of Bitcoin in a report released on Tuesday. According to the analysts, the influx of Mt. Gox coins into the market could create downward pressure on BTC valuation in the coming weeks. Possible implications ...

Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. This is a major development in the real-world assets (RWAs) industry and comes after abrdn plc tokenized its MMFs on Hedera last year. The crypto world has witnessed a historic moment in the real-world assets (RWAs) industry after Archax, a London-based digital asset exchange, broker and custodian, tokenized the BlackRock ICS US Treasury money market fund (MMF) on the Hedera (HBAR) blockchain . Archax collaborated with the HBAR Foundation and the institutional-grade digital assets platform Ownera to bring the MMF to Hedera. According to details in an announcement , the milestone follows Hedera Council member abrdn’s successful tokenization of its MMFs on Hedera last year. abrdn is the largest active wealth manager in the UK and its flagship tokenized funds marked a major milestone in the asset management industry. Today we witness #RWA history as @Black...

INJ 3.0 went live on the mainnet today, Injective announced. Injective price rose slightly after the vote, hitting highs of $29.15. Injective (INJ) has announced that the INJ 3.0 upgrade is now live on the mainnet following a historic on-chain vote. According to the layer-one blockchain’s team, IIP-392 passed with the highest percentage of approval for such an upgrade, and Injective is now in a new era. “ INJ 3.0 is officially live on mainnet, allowing $INJ to become one of the most deflationary assets in all of crypto. Over the next two years, the supply of INJ will be decreased on an accelerated pac e,” the L1 blockchain posted on X. INJ 3.0 is officially live on mainnet, allowing $INJ to become one of the most deflationary assets in all of crypto. Over the next two years, the supply of INJ will be decreased on an accelerated pace. A new era of Injective begins now. pic.twitter.com/oHOIZm2i3h — Injective 🥷 (@injective) April 23, 2024 Injective upgrade INJ 3.0 key t...

The US Securities and Exchange Commission (SEC) seeks a $5.3 billion judgement against Terraform Labs and co-founder & CEO Do Kwon. Terraform Labs filed a motion for settlement at $3.5 million; dO Kwon offered $800,000. The US Securities and Exchange Commission (SEC) is after a $5.3 billion judgement against Terraform Labs and its co-founder and CEO Do Kwon. SEC recently filed a motion in the US District Court for the Southern District of New York, outlining the disgorgement and civil penalties it wants imposed against Terraform Labs and Kwon. The $5.3 billion amount includes $4.7 billion in disgorgement and prejudgment interest following the recent fraud verdict against the crypto company. Terraform Labs offers $3.5 million, Do Kwon $800,000 SEC also seeks $520 million in civil penalties, of which the SEC wants $420 million imposed against Terraform Labs and $100 million against Kwon. The securities watchdog has also filed for injunctions against Kwon, seeking a ban again...

Akash Network and BITGTIME surge after listing on Korea-based Upbit Akash Network (AKT) and Big Time (BIGTIME) are leading the crypto market in gains today amid news of respective tokens listing on the largest exchange in South Korea. Per data from CoinGecko, Akash Network changed hands at highs of $6.74 earlier in the day, up by more than 47% in the past 24 hours. The sharp spike in AKT price saw it rise from lows of $4.01 and volume rose more than 1,750% to $71 million. Meanwhile, Big Time’s price rose more than 26% to above $0.25 on Tuesday, with price up from lows of $0.19. The 24-hour trading volume for BIGTIME was also up 605% to more than $71 million. Akash Network and BIGTIME surge on Upbit listing On Tuesday, Upbit, which is the largest crypto exchange in South Korea by volume, announced trading support for artificial intelligence related Akash Network and gaming token BIGTIME. The exchange, which commands huge trading volumes in South Korea, will add BTC and USDT t...

Ledger and MoonPay have expanded their partnership to offer crypto swaps and buy via Ledger Live. The companies will also offer a custom Nano X for MoonPay. Ledger will offer access to instant crypto purchases to its Ledger Live users in its latest partnership with crypto payments firm MoonPay. The development is part of MoonPay’s expanded collaboration with the hardware wallet maker, according to details shared in a news release on Monday. Easy crypto swapping via Ledger Live MoonPay said in an announcement that the platform will become a Ledger feature partner, enabling the instant purchase of crypto . The partnership also brings MoonPay Swap and MoonPay Sell to Ledger Live, providing for crypto swaps and sell, with crypto-fiat transfers.  Coins that users can swap include Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) among others. Other milestones for the two companies will be the release of a custom Nano X for MoonPay. The limited-edition release for “Ledger x MoonP...

FTX to auction the remaining locked Solana (SOL) tokens. The last SOL token sale by FTX attracted significant buyer interest. Figure Markets confirms it will participate in the auction. The embattled FTX cryptocurrency exchange is set to auction the remaining locked Solana (SOL) tokens from its estate. The decision follows the success of the previous sale, which generated significant interest from buyers. The upcoming auction has been confirmed by Mike Cagney , the CEO of Figure Markets and board chair of Figure, who disclosed that the decentralized exchange will take part in the auction. Figure Markets introduces SPV investment opportunity To facilitate Figure Markets’ participation in the upcoming SOL auctions from the FTX estate, Figure Markets has unveiled a Special Purpose Vehicle (SPV) open to non-US investors (subject to KYC) and accredited US investors. The SPV will operate based on community consensus, where each dollar invested equals one vote in determining bid pric...

Ape Terminal, one of the top IDO platform’s in the market, has cancelled crypto betting platform ZKasino’s IDO. This unfolds as the broader crypto community is showing greater resilience amid Bitcoin’s halving. A few projects are however attracting as much attention as new crypto trading solution Bitbot. As Bitbot matches towards a highly successful presale, investors flocking to it are likely buoyed by what the project promises in the wake of events surrounding ZKasino, a decentralized betting network. While the ZKasino team says the project will still launch as expected, it’s likely to face challenges with regard to community trust after the rug pull allegations and exchange listing delays.  Bitbot brings non-custodial trading and anti-rug pull features to crypto Bitbot is one of the few emerging crypto projects that are pushing for market dominance. In particular, Bitbot’s eyes are on the Telegram bot space , which analysts have predicted could explode as crypto prepar...

Hedgey Protocol suffers $44.7M loss in dual cyber attacks. The protocol was targeted on both Arbitrum and Ethereum chains. Hedgey advises users to cancel active claims, revoking approvals amid the ongoing investigation. Hedgey Protocol, a decentralized finance (DeFi) platform, finds itself in the throes of a cyber siege after suffering a devastating attack that resulted in a staggering loss of $44.7 million across the Arbitrum and Ethereum blockchains. Cyvers Alerts, a leading cybersecurity watchdog, uncovered the vulnerabilities exploited in the attack, raising urgent concerns about the security landscape within the DeFi ecosystem. Hedgey Protocol hacked on Arbitrum and Ethereum chains Cyvers Alerts revealed that the attack targeted Hedgey Protocol on both the Arbitrum and Ethereum chains, with $42.8 million and $1.9 million stolen, respectively. According to Cyners Alerts , the attackers swiftly converted the stolen funds into DAI, complicating recovery efforts. Furthermore...

Telegram co-founder and CEO Pavel Durov announced the plans at Token2049 Dubai. The tokenization project will use the TON blockchain. Toncoin price rose as TON Foundation and Tether partnered to bring USDT to TON blockchain. Telegram is taking a major step in its blockchain technology adoption with a new effort announced today during Token2049 Dubai . The popular messaging app’s co-founder and CEO Pavel Durov revealed this next step on Friday. According to Durov, the company’s tokenization journey now includes plans to tokenize Telegram stickers and emojis as non-fungible tokens (NFTs). Telegram plans tokenized stickers Telegram’s initiative follows the notable success of tokenized usernames and anonymous numbers. Already, users can earn up to 95% of revenue that comes from the sale of the unique usernames. Tokenization is the next step in Telegram’s growth, Durov said, highlighting the role blockchain technology is set to play in this. The project will “exclusively” leverag...

SEC lawsuit against Justin Sun casts doubt on TRON’s future. TON Network’s integration of USDT boosts Toncoin price by 12%. Bitbot’s AI-powered trading platform and $BITBOT token offer innovative solutions. As the cryptocurrency market navigates through turbulent waters, TRON investors are exploring alternative options amidst a legal battle involving Justin Sun, the founder of TRON (TRX). The recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Sun has prompted investors to seek refuge in projects such as the TON Network and Bitbot . SEC’s lawsuit casts a shadow over TRON (TRX) The SEC’s legal action against Justin Sun has sent shockwaves through the TRON community. The accusations of selling unregistered securities through TRON’s native token (TRX) and BitTorrent’s token (BTT) have cast doubt on the future of these assets. Sun’s alleged involvement in deceptive practices, including wash trading and undisclosed paid celebrity endorsements, has fu...

Jamie Dimon, JPMorgan CEO, called Bitcoin a “Ponzi scheme.” Dimon’s criticism comes despite JPMorgan’s involvement in Bitcoin ETFs. Bitcoin’s recent price volatility highlights ongoing debates in the cryptocurrency market. JPMorgan Chase CEO Jamie Dimon has once again voiced his scepticism towards Bitcoin (BTC) , dubbing it a ‘Ponzi scheme’ during an interview on Bloomberg TV . During his interview, Dimon reiterated his long-standing criticism of Bitcoin, stating that it lacks utility and legitimacy as a form of money. He described Bitcoin and similar cryptocurrencies as “simply not functional as currencies,” emphasising his belief that they are essentially Ponzi schemes disguised as technological innovation. However, this is not the first time that the CEO is criticizing Bitocin. His scepticism towards Bitcoin is well-documented. He previously called Bitcoin a “fraud” and expressed concerns about its potential to facilitate illegal activities such as money laundering, fraud, an...