Crypto News

Ethereal Exchange integration proposal sparked a 20% surge in ENA price. The proposal suggests that 15% of future Ethereal governance tokens be allocated to ENA holders. ENA price has dropped to $0.384 after hitting a high of $0.42 amid high trading volume. The recent proposal to integrate Ethereal Exchange with the Ethena Network has stirred significant excitement in the cryptocurrency community, leading to notable fluctuations in the price of Ethena’s native token, ENA. This integration aims to launch Ethereal, a decentralized exchange (DEX) for both spot and perpetual futures trading, directly tied to Ethena’s reserve management and its native stablecoin, USDe. Ethereal integration proposal The proposal submitted on September 29 to the Ethena governance forum by an anonymous author known as Fells0x seeks to integrate the Ethereal DEX into Ethena’s reserve management from launch, providing a fully on-chain venue for managing both spot and derivative positions that back USDe....

Kasikornbank is set to launch orbix Custodian, Thailand’s first licensed digital asset custodian. Operations for orbix Custodian are set to begin in early 2025 after licensing. KBank also focuses on AI development through its partnership on Project SEALD. Thailand’s second-largest bank by assets, Kasikornbank (KBank), is set to launch orbix Custodian, the country’s inaugural licensed digital asset custodian, which will be supervised by the Securities and Exchange Commission (SEC). Notably, the announcement comes two weeks after the license was issued on September 13, with operations expected to commence in early 2025. The license was issued by the Ministry of Finance. KBank’s President, Pipit Aneaknithi, in a statement issued by the bank emphasized that the introduction of the custody service marks a pivotal moment for the digital financial infrastructure in Thailand. “This will lay a strong foundation for further development of digital financial infrastructure, promoting T...

Crypto liquidations rose to over $200 million in 24 hours as Bitcoin (ETH) and Ethereum (ETH) dipped. Analysts are however bullish on BTC price as September looks poised to end on a green note. The crypto market saw over $200 million in crypto liquidations as Bitcoin slipped to near $64k amid fresh bear moves. According to data from Coinglass , the cryptocurrency market saw total liquidations in the past 24 hours surge by 128% to more than $200 million. This came as Bitcoin (BTC) fell 4% to near $63,100 on September 30.   24-hour liquidations Having posted a significantly better performance in September contrary to expectation with a spike to $66k, BTC retreated sharply to pull most altcoins lower. With Ethereum (ETH) also dumping to under $2.6k amid latest selling from the Ethereum Foundation, total longs rekt soared to $164 million. Shorts accounted for about $37 million in 24-hour liquidations at the time of writing. Crypto liquidation represents the process by wh...

Chainlink (LINK) was the golden child of the crypto era, achieving record highs of $52 in 2021. But as matters currently stand today, the LINK price today is at a low of $11.45 – which is far from way back to that time. Like many investors, they still believe that Chainlink could get back to its former peak again, but surpassing its ATH of $52 by the year 2025 might not be as easy as it appears. In the cryptosphere, there is always an upstart waiting to grab the glory. Rexas Finance (RXS) makes its grand entrance. It is a new-age token in its presale phase which not only seeks to beat Chainlink by 2025 but cause a shakeup in the top 15 cryptocurrencies in 2025.In this article, we will explain how Chainlink might not be able to get back to its ATH and in what way Rexas Finance is aiming to redefine the market. The Link Between the Future of Chainlink and the Resistance Zone at $21 Chainlink has earned its popularity thanks to its long-established credentials as a decentralized oracle ...

UK Gambling Commission charges Sorare for providing unlicensed gambling services. The United Kingdom’s Gambling Commission has been investigating Sorare for three years. Sorare denies wrongdoing, asserting it is not a gambling platform under UK law. The United Kingdom’s Gambling Commission has taken legal action against Sorare, a blockchain-based fantasy sports platform, accusing the company of operating unlicensed gambling facilities. Sorare, headquartered in France, offers non-fungible tokens (NFTs) tied to fantasy sports teams and athlete collectibles. Following the Gambling Commission’s move, the platform is set to appear in a UK court on October 4. The Gambling Commission opened its investigation into Sorare in October 2021 but has largely kept its findings under wraps. As of July 2023, the Commission had not made its conclusions public, instead stating that it would engage in further dialogue with operators and third parties before reaching a final verdict. The upcoming ...

Jupiter community voting on the fate of 215M unclaimed JUP tokens is now live. Options include funding staking rewards, burning tokens, or multisig return. Decision part of J4J initiative for transparency and alignment among JUP holders. Jupiter, a decentralized exchange aggregator on Solana, has opened a community vote to decide the fate of 215 million unclaimed JUP tokens. These tokens, initially part of the platform’s “Jupuary” airdrop and staking rewards, were either unclaimed or from compromised wallets. J4J initiative proposals The vote, opened on September 27 , follows a proposal put forward by the Jupiter team, led by developer Weremeow, as part of the J4J initiative which is aimed at promoting certainty, alignment, and transparency among JUP holders. This proposal is the second in the J4J initiative. The first J4J proposal which was approved after a vote at the beginning of August, trimmed away any fat in the initial tokenomics and helped everyone in the J.U.P to un...

SEC announced it settled with Mango Markets over sale of unregistered tokens in $70 million coin offering Mango DAO, Blockworks Foundation have agreed to pay $700,000 in civil penalties. The settlement will also see Mango Markets destroy the MNGO tokens and request exchanges to delist them. The US Securities and Exchange Commission announced on Sept. 27 that it charged Mango DAO and Blockworks Foundation for the offer and sale of unregistered crypto assets. SEC’s charges relate to the sale of MNGO, the governance token of Mango Markets. The platforms also acted as unregistered brokers for the DeFi platform. In its complaint filed at the US District Court for the Southern District of New York, SEC alleged the three entities had violated US securities laws and the broker registration provisions.   According to the SEC, Mango DAO and Blockworks Foundation, an entity registered in Panama, raised over $70 from sales of MNGO tokens. The sales, which started in August 2021, ...

PEPE’s price shot up 14% as meme coins rose, with Floki and Shiba Inu among the top gainers The price of Pepe increased as Arthur Hayes withdrew $250,000 in PEPE from Binance Hayes is also touting Mother Iggy (MOTHER) and Mog Coin (MOG) Pepe’s (PEPE) price spiked more than 14% in 24 hours as the meme coin reacted upwards to a massive bet from Arthur Hayes, the former BitMEX CEO. The uptick follows recent gains for PEPE alongside dogwifhat and Sei . At the time of writing, the frog-themed meme coin was trading at $0.00001047, having deleted one zero as prices reached intraday highs of $0.00001071. Pepe’s trading volume rose 34% to over $1.3 billion. These gains, followed closely behind Bitcoin’s rise to $65k and top altcoins seeking to mirror it, have seen PEPE rank among the top gainers on the day in the top 100 by market cap category. Pepe price chart on CoinMarketCap showing sharp surge on September 27, 2024 Pepe’s market cap was $4.4 billion, up 14% in 24 hours. In term...

Mark Cuban claims that Gensler is “awful” for crypto and all businesses Cuban highlighted Harris’s promise to advance technologies such as AI and blockchain Lawyer John Deaton said Cuban would be a “ breath of fresh air ” unlike the “lawlessness of Gary Gensler” as head of the SEC Billionaire entrepreneur Mark Cuban has said he’d be interested in becoming the chair of the US Securities and Exchange Commission (SEC) if Kamala Harris becomes the next President of the White House. Speaking on Fox News in an interview with Neil Caputo, the Dallas Mavericks owner was asked whether he’d be interested in positions such as the Treasury Secretary or the Commerce Secretary under a Harris administration. The crypto friendly billionaire responded by saying: “Head of the SEC. That’s the job I would take.” He added that he’d be open to working as the head of the Department of Health and Human Services (HHS), “but somebody needs to replace Gary Gensler ” who is the SEC’s chair. Cuban cont...

Hut 8 has laaunched its GPU-as-a-service business to tap into the AI growth potential. The Bitcoin miner said it partnered with Hewlett Packard Enterprise and AdvizeX to launch the 1,000 Nvidia H100 GPUs cluster. Hut 8 eyes revenue diversification and long term growth with this AI bet. Hut 8, an energy infrastructure provider and top Bitcoin miner, has announced that its GPU-as-a-service vertical is live. The GPU cluster, according to a Hut 8 announcement on Sept. 26, consists of several HPE supercomputers, all powered by 1,000 Nvidia H100 GPUs. The launch follows a partnership between Hewlett Packard Enterprise and information technology firm AdvizeX. Hut 8 eyeing AI push Per the press release, Hut 8 subsidiary Highrise AI will host the GPU-as-a-service business, with a 5-year deal in place for revenue sharing and infrastructure payments. The arrangement sees Hut 8 diversify its operations further, and now includes a compute layer that spans artificial intelligence, Bitcoin ...

Uphold’s Topper integrates with Ledger hardware wallet’s Ledger Live software for seamless fiat-to-crypto transactions. The Integration aims to challenge traditional banking and improve crypto accessibility. Following the integration, Ledger hardware now offers 14 on-ramps but only one off-ramp, enhancing user options. In a significant move to enhance cryptocurrency accessibility, Uphold’s fiat-to-crypto on-ramp, Topper, has officially integrated with Ledger Wallet, a leading hardware wallet. Say hello to @TopperbyUphold , our latest buy provider integrated into Ledger Live! That means you have another way to buy your crypto easily & securely through Ledger Live! https://t.co/Zy4Kf0jnT8 — Ledger (@Ledger) September 26, 2024 This integration is set to transform the way users engage with digital assets, allowing for seamless fiat-to-crypto transactions directly through the Ledger Live application. The integration of Topper expands the purchasing options available within...

PayPal enables US business accounts to buy, hold and cell crypto. Service will initially be unavailable to users in New York State. PayPal has expanded the feature that allows consumers to buy, hold and sell cryptocurrencies in the US to business accounts. In an announcement on Sept. 25, PayPal said clients with businesses across the US can now purchase, hold or sell crypto directly from their merchant accounts. The company’s move follows increased demand for the service, which PayPal and Venmo retail users have enjoyed since 2020. “Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers,” Jose Fernandez da Ponte, senior vice president of blockchain, cryptocurrency, and digital currencies at PayPal, said. Enabling access for merchants meets this demand, and also empowers business owners to tap into and benefit from digital currencies. In this case, PayPal also plans to enable on-chain crypto transfers for US merchant...

Curve Finance is considering dropping TUSD from crvUSD backing amid SEC charges. The SEC alleges TUSD was mostly backed by a risky offshore fund, not U.S. dollars. Proposed changes include reducing TUSD backing to zero and lowering PYUSD minting. In light of recent regulatory scrutiny, Curve Finance, a prominent decentralized exchange (DEX), is contemplating the removal of TrueUSD (TUSD) from its collateral options for the Curve Stablecoin (crvUSD). This consideration follows charges filed by the United States Securities and Exchange Commission (SEC) against TrueCoin, the issuer of TUSD, for violations of securities laws. Proposal to drop TrueUSD backing for crvUSD On September 25, a proposal was posted on Curve’s governance forum by Wormhole, a cross-chain messaging protocol. The proposal suggests reducing the upper limit on TUSD backing for crvUSD to zero, aiming to eliminate exposure to TUSD amidst rising regulatory concerns and issues regarding its solvency. Currently, th...

The whale sold over 150k Injective (INJ) tokens worth over $3.29 million. According to Lookonchain, the whale acquired 2.44 million Lido DAO (LDO) worth over $3.05 million. INJ price dipped slightly while LDO rose A whale has sold a significant amount of Injective (INJ) and bought more Lido DAO (LDO) tokens. On Wednesday, Sept. 25, Lookonchain shared on-chain details that showed the whale dumped 150,428 INJ valued at $3.29 million. The whale swapped the INJ for 2.44 million LDO valued at more than $3.05 million. Per Lookonchain, the whale sold their INJ for LDO via crypto liquidity provider Cumberland. A whale sold 150,428 $INJ ($3.29M) and bought 2.44M $LDO ($3.05M) via #Cumberland in the past 30 hours. https://t.co/4L8vFWcIng pic.twitter.com/ESXmWIGoFJ — Lookonchain (@lookonchain) September 25, 2024 Injective price Injective (INJ) is layer 1 blockchain decentralized finance applications. The Binance and Mark Cuban-backed interoperable L1 blockchain currently ranks ...

Banana Gun confirmed a $3 million loss from a hack targeting experienced traders. All affected users will receive full refunds without selling any tokens. The company has implemented enhanced security measures to prevent future attacks. The Telegram-based cryptocurrency trading bot Banana Gun has confirmed a $3 million loss due to a hacking incident that targeted its experienced user base. The attack, which exploited a vulnerability within its trading system, has prompted Banana Gun to take immediate action to protect its users and restore trust. The company announced that all affected users would receive full refunds, demonstrating its commitment to customer support and security. Details of the Banana Gun hack On September 19, users of Banana Gun reported unauthorized transactions draining funds from their crypto wallets. Initially, the investigation indicated that around 36 users were affected, leading to a loss of nearly $2 million in Ether (ETH). However, further analysis...

Sui has seen a more than 44% spike in price in the past week and 65% in 30 days. Gains come after the Grayscale Sui Trust opened for accredited investors. The SUI network’s total value locked has surpassed $1.34 billion. SUI price has surged by more than 44% in the past week to trade above $1.67. The gains include a more than 65% spike in the past 30 days. This sees the native token of the layer 1 blockchain platform reach highs last seen in early April. What catalyzed SUI price surge? Sui has experienced a notable surge in volume after Grayscale announced its Sui Trust was now open to accredited investors. Daily volume for SUI skyrocketed after the news, and price followed, hitting levels above $1. SUI price on CoinMarketCap Sui’s price rally to above $1.67 has also coincided with a sharp increase in total value locked in various decentralized finance protocols in the Sui ecosystem. OKX Ventures pointed to the Grayscale Sui Trust’s boost to SUI market credibility as inst...

Exodus donates $1.3 million to Stand With Crypto to help mobilise crypto holders to vote in November. The Stand With Crypto advocacy group recently joined forces with a16z and OpenSea to launch a new creator legal fund. Crypto wallet provider Exodus has announced it donated $1.3 million to Stand With Crypto, a bipartisan crypto advocacy group. This brings the total amount in donations to the advocacy group to over $2.79 million. According to an announcement on Sept. 24, Stand With Crypto will use these funds to promote community initiatives aimed at pushing more people to vote in the upcoming US election. The program targets more crypto holders, encouraging them to register and coming out to vote. While voter mobilization is a major aspect, the broader goal is to push for clarity in crypto regulation in the country.The election of crypto-friendly legislators to Congress is one such step. Stand With Crypto is also tracking crypto-related comments and plans by Donald Trump and –...

Only 10% to 20% of financial advisors admitted to owning crypto in their portfolios Now, roughly, 70% indicated they did The approval of Bitcoin ETFs and the Fed’s rate cut are bullish signals that may have changed that In a client memo, Bitwise’s CIO said that a “wave of the most powerful people in finance are finally allocating to crypto.” Matt Hougan was reflecting on a keynote speech he’d given at the Barron’s Advisor 100 Summit, where the top financial advisors in the US meet, in Palm Beach, Florida. Despite Hougan having spoken at the event twice before, he states this was the first time he’d taken to the main stage thanks to the approval of Bitcoin exchange-traded funds (ETFs) earlier this year. To better understand his audience, Hougan asked them to raise their hands if they owned Bitcoin or another crypto asset in their portfolio. At the last two events, Hougan states that around 10% to 20% of the people in the room raised their hands. “This year, nearly every hand i...

Kraken has closed the acquisition of Dutch cryptocurrency exchange Coin Meester B.V. The exchange has been expanding its services across EU ahead of MiCA regulation. Crypto exchange Kraken has completed the acquisition of Coin Meester B.V., or BCM, a regulated Netherlands-based crypto broker. BCM has regulatory approval as a registered virtual asset service provider in France and Poland. This footprint in the Netherlands allows Kraken to offer its services in France and Poland. According to an announcement, the acquisition of BCM will help strengthen Kraken’s efforts to expand its services across Europe. “The completion of the BCM acquisition is a key milestone in our European expansion, allowing us to leverage our strong footprint and market-leading position in euro volume and liquidity to significantly grow our market share in the years ahead,” Brian Gahan, Kraken’s managing director of Europe, noted in a statement . Kraken will begin to extend its products to BCM clients in...

Metaplex Foundation announced the Metaplex Aura Network on September 23, 2024. Aura is a decentralised indexing and data availability platform designed to extend the Solana and Solana Virtual Machine networks. MPLX price rose 12% amid the news and overall crypto market surge. The Metaplex Foundation, the non-profit supporting the Metaplex Protocol, has announced a new decentralized indexing and data availability layer for Solana (SOL) . Metaplex Aura Network is the new platform that Metaplex Foundation introduced on Sept. 23, revealing that the new platform complements the Solana Virtual Machine and the Metaplex Program Library with a decentralised network for real-time data availability. 1/ Introducing Metaplex Aura, a decentralized indexing and data availability network for @solana and the SVM, powered by $MPLX . SVM + MPL + Aura = the full stack for decentralized applications 🦾 Learn more 👇 pic.twitter.com/AvoyggawKj — Metaplex 🦾 (@metaplex) September 23, 2024 Th...

Vice President Harris reveals her stance toward AI and digital assets at a New York fundraiser Harris wants to help boost investment in AI and crypto Jake Chervinsky, chief legal officer at Variant, said Harris’s remarks showed “progress” US Vice President and Democratic presidential nominee Kamala Harris has spoken about crypto during a New York fundraiser on Sunday. In comments made during her US presidential campaign Harris promised that, if elected, she would help grow investment in artificial intelligence and crypto, Bloomberg reported. “I will bring together labor, small business founders and innovators and major companies,” Harris said. “We will partner together to invest in America’s competitiveness, to invest in America’s future.” “We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors.” Harris’s comments come as presidential rival Donald Trump has become increasingly vocal in supporting the crypto indust...

Travala has integrated Solana, allowing hotel and flight bookings via SOL, USDT, and USDC. Travala users will enjoy zero-fee transactions and direct deposits/withdrawals for supported tokens. Travala plans to introduce SOL travel rewards to enhance user experience in crypto travel bookings. Travala, a pioneering cryptocurrency-based travel agency, has taken a significant leap forward by integrating the Solana blockchain into its platform. This groundbreaking partnership was announced by Travala CEO Juan Otero during the Solana Breakpoint conference in Singapore on September 21. CEO @joterovila announced @travalacom support for Solana at Breakpoint! Now you can pay for and book flights and accommodations using stablecoins like USDC and USDT on Solana rails with Travala. pic.twitter.com/TedqElKNVC — Solana (@solana) September 21, 2024 The announcement has been met with enthusiasm from the crypto community, as many see it as a step toward a more integrated and user-friend...

Community tokenization in gaming transforms players into stakeholders, enhancing engagement. Catizen is one of the standout examples of community tokenization in the gaming space. Catizen has achieved a 6-8% token holder conversion through strategic airdrop campaigns. The gaming industry is undergoing a profound transformation, driven by the rise of blockchain technology and the concept of community tokenization. This shift is turning players from mere participants into stakeholders, giving them ownership and governance rights in gaming ecosystems.  The concept of community tokenization, particularly in gaming, is gaining popularity because of the multiple benefits it offers. Projects that adopt this model create more inclusive communities where players have a financial and emotional investment in the platform’s success.  One of the standout examples of this trend is Catizen, which has successfully transitioned a portion of its player base into token holders, showcasing...

As Ethereum continues to dominate the cryptocurrency market as the second-largest digital asset by market capitalization, new contenders like Solana, Cardano, and Rexus Finance are gaining traction with investors and developers. These projects are innovating in ways that could eventually challenge Ethereum’s position, each bringing unique benefits and developments to the table. Rexus Finance is focused on tokenizing real-world assets (RWA), fueling a revolution in ownership and liquidity in decentralized finance (DeFi). Meanwhile, Solana’s high-speed, low-cost blockchain and Cardano’s focus on scalability, sustainability, and smart contract integration position them as serious competitors in the evolving crypto space. Rexus Finance (RXS): Rising Beyond RWA Tokenization While Ethereum faces market fluctuations and short-term uncertainty, the real-world asset (RWA) sector is experiencing significant growth, and Rexus Finance ( RXS ) is at the forefront of this transformation. By integr...