Crypto News

EOS Network Foundation caps token supply at 2.1 billion. New economic model includes 4-year halvings and support for RAM market. 950 million EOS tokens to be minted for ecosystem growth and rewards. In a groundbreaking move, the EOS Network Foundation, under the leadership of CEO Yves La Rose, has approved a community proposal to cap the total supply of EOS tokens at 2.1 billion. This decision marks a significant shift in the network’s tokenomics, aiming to stabilize and enhance the economic model of the EOS ecosystem. Community approval and implementation The proposal, which gained approval from at least 15 of the 21 EOS block producers, involves burning nearly 80% of the current total EOS token supply. This drastic reduction is primarily sourced from future emissions, effectively decreasing the maximum supply from 10 billion to 2.1 billion tokens. Yves La Rose confirmed the community’s consensus on the proposal through a post on X , emphasizing the foundation’s commitment t...

Franklin Templeton files amended S-1 for spot Ethereum ETF with 0.19% fee. SEC requires all spot Ethereum ETF issuers to file amended S-1 forms by Friday. Franklin Templeton’s spot Bitcoin ETF also charges a 0.19% fee and currently manages $350M in assets. Franklin Templeton has filed its amended S-1 form for spot Ethereum ETF following SEC’s directive that all spot Ethereum ETF issuers should send in their amended S-1 forms by Friday. In the amended S-1, Franklin Templeton plans to charge a competitive 0.19% sponsor fee for the ETF, which is could be the lowest among its peers. Franklin Templeton success with crypto ETFs Franklin Templeton was among the eleven firms whose spot Bitcoin ETFs were approved by the SEC at the start of the year. The firm’s foray into the Ethereum ETF space is buoyed by the success of its spot Bitcoin ETF, which currently manages approximately $350 million in assets. This strong performance of the Bitcoin ETF underscores the firm’s capability in ma...

The Uniswap Foundation announced a delay to an upgrade vote on the protocol’s fee mechanism. UNI price reacted lower, declining 9% to hit lows of $10.17. The Uniswap Foundation has postponed the governance vote on a proposal aimed at activating a new fee mechanism for the protocol. This proposal would have initiated a fee switch for Uniswap , providing for rewards to UNI token holders who stake and delegate their tokens. As the market reacted to the news, the price of UNI fell by nearly 9% to touch lows of $10.17 across major exchanges. Uniswap postpones key upgrade vote Uniswap announced the fee switch proposal last week, with an on-chain deployment and vote set for today, Friday. However, this will now not go ahead as planned as per a new update. In an update today, the Uniswap Foundation stated that the delay relates to an issue a stakeholder raised following the proposal. This has necessitated “additional diligence” on the part of the Foundation. “ Due to the immutable na...

JasmyCoin (JASMY) has seen an impressive price rise driven by AI program launch, token lockup, and Apple speculation. Analysts predict JasmyCoin price is posed for further gains and could hit $0.05 very soon. Bitbot, an AI trading bot, is nearing end of its token presale with palpable anticipation for exchange listing. JasmyCoin (JASMY) has recently captured the attention of investors with its meteoric rise in price. Surging by over 25% within the last 24 hours, by over 79% in the past month, and by over 577% in the past year, JASMY has demonstrated resilience and growth amidst the global crypto market’s recent crash. However, as JasmyCoin rises, another cryptocurrency Bitbot (BITBOT) is also capturing the attention of investors as its presale comes to an end with exchange listing now in focus. JasmyCoin price prediction JasmyCoin’s recent price surge can be attributed to several key developments. To start with the launch of the JANCTION AI program has attracted significant i...

Davido’s $DAVIDO token launch triggers pump-and-dump suspicions. Critics cite past involvement in promoting questionable crypto projects. Debate intensifies over the impact of celebrity-backed meme coins. Nigerian superstar Davido finds himself embroiled in controversy following the launch of his meme token, $DAVIDO, amidst a broader debate surrounding celebrity-backed meme coins . The rapid rise and subsequent crash in the value of $DAVIDO have raised suspicions of a pump-and-dump scheme, drawing attention to the integrity of such ventures in the crypto space. Davido reportedly pocketed $473K in 11 hours Davido reportedly reaped substantial profits, with a staggering $473,000 earned within a mere 11 hours of the token’s launch. Initial investment details reveal that he received 7.5 SOL ($1,275) as startup capital and used 7 SOL ($1,190) to create and launch $DAVIDO on Pump.fun, acquiring 203 million tokens, which accounted for 20.3% of the total supply. Davido then went ahea...

Aptos (APT) integrates Chainlink’s CCIP and data feeds, boosting its dApp development. APT price rises by 3.14% to $9.41; market cap increases by 3.17% to $4.1 billion. Aptos has become the first Move-based blockchain to join Chainlink’s SCALE program. Aptos (APT) has seen a notable increase in its market performance following the announcement of its integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and data feeds. Revealed during the Consensus 2024 event in Austin, Texas, this strategic integration marks a significant milestone, making Aptos the first blockchain utilizing the Move programming language to incorporate Chainlink’s advanced services. Impact on Aptos (APT) price The announcement of the integration has had a positive impact on Aptos’ market metrics with the price of APT rising by 3.14%, reaching $9.41 at the time of writing. This upward trend has also been reflected in its market capitalization, which surged by 3.17% to $4,105,772,619, elev...

Zilliqa (ZIL) recently hit 66 million network transactions. However, ZIL price was down 2.5% at the time of writing, trading near $0.024. Zilliqa (ZIL) price has traded in the $0.021-$0.026 range. Indeed, the downside pressure on the coin has hindered bulls since the sharp decline witnessed on April 12 and 13 when ZIL price fell more than 30% in two days. But what’s the outlook for Zilliqa price as the network hits a key transaction milestone? Is Zilliqa 2.0 a potential catalyst for ZIL? Here’s a look at this coin’s price performance.  Zilliqa recently hit 66 million transactions Zilliqa is one of the crypto projects with largest communities around it. The project has reached nearly 5 million addresses and on May 28, Zilliqa shared a post on X indicating network transactions had surpassed 66 million. Data also showed close to 110,000 delegators and over 5 million in total staked ZIL, which represents 29% of the total circulating supply. Zilliqa is recording these positi...

Sei v2 upgrade introduces sub-second transaction finality, enhancing scalability. Sei Foundation implements fairer eligibility criteria for token distribution event. SEI token price drops by 3.91% to $0.5185 amid distribution of 27M tokens post v2 upgrade. The SEI token has experienced a notable decline in price, dropping by 3.91% in the past 24 hours to $0.5185, at press time, coupled with a decline in trading volume by 19.51% over the past 24 hours. This downturn comes amidst the distribution of over 27 million SEI tokens following a successful v2 upgrade by the Sei Foundation. Rewarding active participation in SEI ecosystem Sei Foundation initiated the distribution of over 27 million tokens through an airdrop event to reward active participation in the ecosystem since the Pacific-1 Mainnet launch. The second of its kind, this event acknowledges the contributions of Mainnet users, reflecting the foundation’s commitment to fostering community engagement. The distribution pr...

Fantom partners with Google Cloud as a key node validator to boost DApp development. Google Cloud’s infrastructure and AI capabilities will enhance Fantom’s ecosystem. FTM price shows little reaction despite the trading volume surging by 34%. Fantom (FTM) has partnered with Google Cloud, which will now serve as a key node validator for the platform. The collaboration is set to enhance the development and performance of smart decentralized applications (DApps) on Fantom, leveraging Google Cloud’s robust infrastructure and artificial intelligence (AI) capabilities. This partnership builds on an existing relationship where Google Cloud indexes Fantom’s data in BigQuery as part of its public datasets program. By deepening this collaboration, Fantom aims to capitalize on its Directed Acyclic Graph (DAG) protocol’s scalability and secure a larger market share. Incentivizing innovation in the Fantom (FTM) ecosystem Beyond validating transactions, Google Cloud will play a crucial rol...

Riot Platforms offers $950M to acquire Canadian Bitcoin miner Bitfarms. Bitfarms is facing leadership turmoil amid CEO Geoffrey Morphy’s lawsuit. The merger would create largest publicly listed Bitcoin miner by capacity. Riot Platforms, a prominent Bitcoin miner and Bitfarms’ largest shareholder, has made a hostile takeover offer of $950 million for Bitfarms, a Canadian Bitcoin mining company. Riot’s buyout offer represents a 24% premium over Bitfarms’ one-month volume-weighted average share price as of May 24, 2024. Shareholders to own 17% of Bitfarms after Riot’s takeover Riot Platforms, already the largest shareholder in Bitfarms with a 9.25% stake, had initially approached Bitfarms’ board with a private offer on April 22. However, following the rejection of the offer, Riot has now taken the proposal public. The deal would involve a combination of cash and common stock, with Bitfarms shareholders standing to own approximately 17% of the merged entity. Bitfarms’ disputes...

Notcoin (NOT) price jumped 20% on Tuesday as the new token continued to rise. Currently with a market cap of $942 million, Notcoin looks primed for a break into the top 100 coins. Bitcoin, Ethereum and Solana have all slipped 3% in the past 24 hours. This in turn sees most of the crypto market struggling. However, Notcoin (NOT), Celestia (TIA) and memecoins Floki and Pepe are among the exceptions as momentum keeps them in the green. Notcoin price soars, token on cusp of breaking into top 100 coins Notcoin, a recently launched crypto token, has outperformed amid bullish projects and could break into the top 100 coins by market cap if gains hold. As CoinJournal highlighted on Monday, the price of NOT went vertical as bulls rode a fresh surge in interest. Key to this is Notcoin’s airdrop announcement and the unveiling of a passive earning feature. According to data from CoinGecko, Notcoin (NOT) token has pumped 20% in the past 24 hours to reach $0.009873. NOT price is currently...

Ryan Salame sentenced to 90 months in prison. Former FTX executive’s sentencing comes two months after former CEO Sam Bankman-Fried was sentenced to 25 years in prison. Former FTX executive Ryan Salame has been sentenced to 90 months in prison, the United States Attorney for the Southern District of New York Damian Williams has announced . Salame previously pleeded guilty Salame’s sentencing comes two months after former FTX CEO Sam Bankman-Fried received a 25-year sentence . Previously, Salame had pleaded guilty to DOJ charges, including conspiracy to make unlawful political donations, plans to deceive the Federal Election Commission and conspiracy to run an unlicensed money transfer business.  The prosecution said he worked on these alongside Bankman-Fried and other top FTX executive Nishad Singh. As well as the 7.5-year sentence, the court has imposed a $6 million forfeiture and over $5 million in restitution order against the ex-FTX exec. He also faces a sentence of ...

Bitcoin price dipped nearly 2% on Tuesday morning to trade at lows seen last Friday before rebounding slightly as of writing. This BTC price decline came after the latest crypto news around defunct cryptocurrency exchange Mt. Gox.  On May 28, Mt. Gox moved more than 141,000 BTC worth over $9.6 billion to a new unknown wallet. Data shows the transfers happened in several transactions, with chunks of between 3,999 BTC and 32,499 BTC. The latest on-chain data shows all of the coins are now transferred to the new address. As the market reacted to the news, Bitcoin price fell from highs of $70,000 to lows of $67,550. The flagship cryptocurrency’s price had however rebounded to above $68,000. BTC remains 4% down this past week. BTC price and the Mt. Gox creditor repayment plan Mt. Gox was once the crypto industry’s largest Bitcoin exchange before a 2014 hack saw it lose over 850,000 BTC. After years of waiting amid recovery efforts, creditors are set to receive reimbursements. ...

Notcoin price surges 33.42%, reaching $0.006884 after community votes favor it over Bitcoin. New NOT airdrop and earning missions boost user engagement and investment interest. Notcoin (NOT) is currently on its way back to its Binance listing price Notcoin (NOT) price has seen a remarkable surge in its price, climbing by over 33.42% in the past 24 hours to reach $0.006884. This surge has catapulted Notcoin’s market cap to over $707 million, reflecting a 33.38% increase and placing it at number 114 in cryptocurrency market cap ranking. The NOT price spike follows a favorable community vote where Notcoin was overwhelmingly preferred over Bitcoin , capturing 86.2% of the 29,711 votes cast in a recent social media poll. Comparing Notcoin and Bitcoin Notcoin’s development team has been making strategic marketing moves by the team behind the project. The team has drawn comparisons with Bitcoin, highlighting Notcoin’s limited supply, wide distribution, and relative affordability. ...

Nomura Holdings and Laser Digital have partnered with GMO Internet Group on a new stablecoin-focused project. The companies will collaborate in the issuance, redemption and circulation of Japanese yen and US dollar-pegged stablecoins in Japan Nomura Holdings, the Japanese banking and investment giant, is teaming up with GMO Internet Group to explore the issuance of fiat-backed stablecoins in Japan. The collaboration, according to an announcement published on Monday, will see Nomura Holdings, through its digital assets arm Laser Digital, support the issuance, redemption and circulation of Japanese yen (JPY) and US dollar-(USD) denominated stablecoins. Eyeing the stablecoin market in Japan As well as JPY and USD stablecoins, Nomura and GMO plan to offer a “Stablecoin-as-a-Service” solution. The project will support companies looking to issue stablecoins for the Japanese market.  Users of this new service will benefit from aspects such as regulatory compliance management, bl...

Toncoin price bounces as total value locked (TVL) on the TON Blockchain surpasses $300 million. DeFiLlama data showed TON Blockchain’s TVL at $315 million, up from $156 million on May 1. Telegram related news and Pantera Capital’s investment have been notable catalysts for Toncoin (TON). Toncoin (TON) , the native cryptocurrency token of The Open Network (TON) Blockchain, currently trades around $6.40. After flipping negative amid profit-taking in recent days, the price of Toncoin looks poised for a major bounce. TON Blockchain TVL surpasses $300 million According to data from DeFiLlama , the total value locked (TVL) on the TON Blockchain has increased sharply this month. Indeed, the TON’s ecosystem has seen the TVL jump from $156 million on May 1 to currently stand at $315 million. The milestone comes as TON shows growing traction in the decentralized finance (DeFi) market. Top projects are across decentralized exchanges (DEXes), lending, liquid staking and gaming. In the p...

Pepe price is up 80% this past week and over 140% in 30 days. FLOKI has jumped 36% this past week and 53% in the last 30 days. Pepe (PEPE) was the standout memecoin this past week, rising more than 80% to reach a new all-time high of $0.0000169 on May 27. Meanwhile, Floki (FLOKI) has surged to $0.0002656 amid fresh momentum in the memecoin market. PEPE and FLOKI lead meme coins up PEPE price is up 14% in the past 24 hours, bringing 30-day gains for the meme coin to 140%. Pepe has outperformed top meme coins over this period. The 24-hour trading volume of Pepe stood at over $1.8 billion at the time of writing. Except for the stablecoins USDT, USDC and FDUSD, Pepe’s volume is fourth-largest behind Solana, Ethereum and Bitcoin. The upside sees Pepe cement its position as the third-largest meme coin by market cap. At $7.1 billion, it is more than double that of Dogwifhat ($3.1 billion) but behind the top two of Shiba Inu and Dogecoin at $14.6 billion and $24 billion respectively....

Trump pledged to free Ross Ulbricht should he win the upcoming US presidential election. Ulbricht is the creator of the defunct marketplace Silk Road and is currently serving a life sentence. Former US president Donald J. Trump has pledged to release Silk Road founder Ross Ulbricht should he be re-elected as president of the United States in the upcoming elections. The former US president is seeking re-election and has over the past several months made a massive impression on the crypto community. Now one of his election pledges is that he will commute Ulbricht’s sentence as soon as he takes office. “If you vote for me, on day one I will commute the sentence of Ross Ulbricht to a sentence of time served,” Trump noted in remarks made at the Libertarian National Convention in Washington, D.C on Saturday. Whos is Ross Ulbricht? Ross Ulbricht, aka Dread Pirate Roberts, created Silk Road in 2011 and operated the darknet marketplace until October 2013. US law enforcement accused U...

Ether.Fi price rose 10% as altcoins looked to rebound, hitting highs of $5.35 amid latest upside momentum. ETHFI could target $10 if bullish sentiment prevails. Ether.Fi price rose 10% to reach highs of $5.35, a seven-week peak for the Ethereum liquid restaking platform’s native token ETHFI. Importantly, Ether.Fi price at current levels sees it trade above a crucial support-turned resistance area. With prices up 47% this past week, can bulls strengthen to push to $10? The last breakout above $5 saw ETHFI rally to its all-time high of $8.53 on March 27. Ether.Fi introduces ether.fi Cash On May 24, the Ether.Fi team announced the launch of ether.fi Cash, a mobile wallet and Visa credit card that allows users to save, spend or invest with their ether.fi assets. Cash allows users to borrow or settle everyday transactions with USDC. Users can also pay off balances using their stake and liquid rewards. “Cash is the third in our Trilogy of products — ether.fi Stake, ether.fi Liquid...

Uniswap price reached highs of $10.99 on May 25, rising more than 20% in 24 hours. UNI gained amid whale activity, Ethereum ecosystem developments and Uniswap Labs’ response to SEC’s Wells Notice. The technical picture also hints at a breakout that could push UNI price to $15.40 and towards $2. Uniswap price jumped more than 20% in 24 hours to trade at $10.99, its highest level since early April. A bullish outlook suggests increased buying pressure could push UNI towards highs of $15.40 reached in March. Uniswap price and the ETH ecosystem UNI is the native token of the leading DEX platform, likely one of the top beta plays around the spot Ethereum ETF approval . On Friday, Uniswap price defied marketwide consolidation, with the price of Ethereum (ETH) hovering above $3,700. As most altcoins looked to bounce off key support levels, UNI price rose more than 20% to touch a multi-week peak of $10.95. This comes as whales increasingly withdraw UNI from exchanges. According to on...

OKX withdraws VASP license application in Hong Kong. The exchange will cease trading services by May 31. Users can withdraw funds until August 31. OKX has announced the withdrawal of its Virtual Asset Service Provider (VASP) license application in Hong Kong. The exchange stated in its website that “after careful consideration of our business strategy, we’ve decided to withdraw OKX HK’s VASP license application at this time.” By withdrawing from Hong Kong, the exchange, ranked as the third largest globally by trading volume, follows a similar path taken by other major applicants like Huobi Hong Kong earlier this month. The move also follows the exchange’s withdrawal of VATP license application for the second time in May 15 this year. OKX to cease Hong Kong operations from May 31 Effective May 31, 2024, OKX will cease providing centralized crypto asset trading services to Hong Kong residents. This decision, described as a strategic reassessment by the company, emphasizes a sh...

Kabosu, the Shiba Inu behind Dogecoin (DOGE) has passed away at age 18. Dogecoin’s price fell over 5% to $0.1535 following the news of Kabosu’s death. Kabosu’s legacy endures through Dogecoin’s charitable impact and community tributes. In a poignant moment for the cryptocurrency community, Kabosu, the Shiba Inu dog that inspired the iconic Dogecoin (DOGE) meme, has passed away at the age of 18. The news, announced by her owner Atsuko Sato on May 24, 2024, has reverberated across the globe, sparking a wave of condolences and reflections on Kabosu’s remarkable impact on internet culture and the crypto world. From a shelter dog to the face of a viral crypto sensation Kabosu’s journey from a shelter dog to the face of a viral sensation began in 2010 when Sato posted photos of her newly adopted pet online. One image, capturing Kabosu’s skeptical yet curious expression, quickly went viral, giving birth to the “Doge” meme. Accompanied by humorous, broken English phrases, this meme b...

Ondo Finance (ONDO) price surges to a new all-time high above $1.15. The Ondo price surge is driven by SEC approval of Ethereum ETFs and strong institutional backing. Ondo Finance (ONDO) lists on Coinbase boosting its visibility an trading volume. Ondo Finance (ONDO), the native token of the tokenized real-world asset (RWA) platform Ondo Finance, has been experiencing a remarkable price surge recently. ONDO token recently hit an all-time high of $1.16 and despite experiencing a slight decline, it seems to have regained its footing. At press time, ONDO was priced at $1.10, reflecting a 10.45% increase over the past 24 hours, a 16.66% increase over the past week, and a 24.00% rise over the past month. Since its launch, ONDO price has skyrocketed by an impressive 577.86% from its IEO price of $0.055 in January 2024. These figures highlight ONDO’s strong upward momentum and growing investor interest. Key catalysts for Ondo price surge 1. SEC Approval of Spot Ethereum ETFs One o...

Ripple CEO hints at potential XRP ETFs following Ethereum ETF approvals by SEC. Brad Garlinghouse’s endorsement aligns with his optimistic outlook for XRP in 2024. Regulatory challenges and Ripple’s SEC lawsuit impact the timing of potential XRP ETFs. Ripple CEO Brad Garlinghouse has indirectly hinted that XRP could be the next cryptocurrency to see the launch of exchange-traded funds (ETFs). This follows the recent approval of eight spot Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC). Spot XRP ETF prospects post Ethereum ETFs approval Garlinghouse’s subtle nod to the possibility of XRP ETFs came via his reaction on X (formerly Twitter) to a comment on his post celebrating the US SEC’s approval of all Ethereum ETF applications. Among the approved ether ETF applications were those from prominent financial entities such as BlackRock, Grayscale, VanEck, and Fidelity. Describing the week’s events as “momentous” for the crypto industry, Garlinghouse likened th...

Transak integrates USDT on TON, enhancing crypto accessibility for over 5 million users. The integration supports popular wallets, including Tonkeeper, Trust Wallet, and Telegram. TON Foundation invests 11M Toncoin to boost USDT adoption and user incentives. Transak, a leading fiat-to-crypto on-ramp, has announced the integration of Tether (USDT) stablecoin on The Open Network (TON) Blockchain. The listing follows the strategic collaboration between the TON Foundation and Tether, that was unveiled on April 19, 2024, at the TOKEN2049 event in Dubai. The collaboration leverages TON’s highly scalable blockchain technology, Telegram’s massive user base of over 900 million, and Transak’s user-friendly Web3 onboarding process to offer a frictionless, borderless peer-to-peer (P2P) payments experience for USDT. To encourage widespread adoption, the TON Foundation also committed a substantial investment of 11 million Toncoin, valued at approximately $72 million. These funds are earmark...

Grayscale announced trusts for Near Protocol and Stacks. Crypto market is upbeat ahead of a potentially huge announcement from the SEC on spot Ethereum ETF. Grayscale Investments has announced two new investment trusts to provide for diversified crypto exposure – the Grayscale Near Trust and Grayscale Stacks Trust. According to details of the announcement, the two products are similar to other single-asset investment trusts and are exclusively invested in Stacks (STX) and Near Protocol (NEAR). “By creating distinctive solutions to address blockchain’s scalability challenges, Stacks and Near are poised to help foster greater adoption—ultimately helping to drive the crypto ecosystem forward,” Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale, said in a statement . Eligible individual and institutional accredited investors can now access daily subscriptions for the two trusts, Grayscale specified in the announcement. Grayscale eyes approval for its spot ETH E...

Coinbase chief legal officer Paul Grewal announced on Thursday that the exchange now allows for XRP trading in New York. XRP price rose slightly immediately after the news. Coinbase now supports XRP trading for its users in New York, the US-based crypto exchange has announced. Paul Grewal, the Chief Legal Officer at Coinbase, announced the major development on Thursday, stating that the exchange had taken into account customers’ calls for XRP relisting. “XRP trading on Coinbase is available again in NY. We heard you and put in the work in strong partnership with the State.  And now the word can be put out— we are back up,” Grewal noted in a post via his X account. The announcement comes nearly three and half years since Coinbase halted XRP trading. Coinbase was among those to suspend XRP in January 2021 following the US Securities and Exchange Commission (SEC)’s lawsuit against Ripple . SEC sued Ripple and its top executives in December 2020. While Coinbase re-enabled...

Pepe price hits $0.0000142 ATH, showcasing its resilience and market prominence. Ethereum’s surge and altcoin rotation among the factors fueling Pepe’s rally. Despite early investor profit-taking, bullish sentiment persists, fueled by whale activity. In a remarkable turn of events, the price of Pepe price has surged to a new all-time high, reaching approximately $0.0000142. This surge marks a significant milestone for the frog-themed meme coin, as it solidifies its position as one of the top performers in the crypto market . Notably, the current bullish momentum in Pepe’s price comes after a period of internal challenges among developers, indicating a remarkable turnaround for the cryptocurrency. Despite its rocky start, Pepe has gained substantial traction in recent times, with its market capitalization exceeding $5.77 billion. What is behind the current Pepe price surge? The altcoin market, including Pepe, has benefited from a notable shift in investor sentiment, with capi...