Crypto News

Kresus has launched its decentralised applications (dApps) marketplace for the Polygon ecosystem. Users will access Polygon dApps via the Kresus SuperApp. Kresus Marketplace , the integrated decentralized applications (dApps) platform on Polygon , is now live. The marketplace is powered by the Meroku Protocol and was developed by Web3 wallet and app Kresus in collaboration with Polygon Labs. The launch of the Kresus Marketplace means that Web2 users can now easily access, navigate and explore the Polygon ecosystem. Some of the popular dApps will be in DeFi, GameFi, social networks and digital identities, which users will be able to access via the Kresus SuperApp.  “ With the support of Polygon Labs, we’ve created a dApp explorer that is intuitive and accessible, allowing users to discover the many faces of web3 and make them part of their daily lives ,” Trevor Traina, CEO and founder of Kresus Labs said. Making access to Web3 fun Per details shared with CoinJournal, the K...

Curve DAO Token (CRV) price fell to lows of $0.44 on Wednesday as most crypto tokens lost recent gains. CRV price has declined by 17% this past week. Analysts point to potential declines to liquidation level below $0.40. Curve DAO Token price plunged to lows of $0.44 on Wednesday, with bears still in control since the recent exploit on multiple stablepools on Curve. The next price level to watch is $0.4. Elsewhere, crypto markets are largely uneventful as traders eye directional clarity. Last week’s price massacre has bulls searching for a fresh trigger, even as a significant chunk of attention is on the Federal Reserve’s Jackson Hole summit. Both bitcoin and ether remain near key levels, while XRP is looking to stabilise above $0.50 after bulls pared all gains seen when price exploded on the Ripple win against the SEC. Here’s why CRV price is under downside pressure Curve DAO Token’s latest price declines come after bulls managed to recover above $0.64 earlier this month. T...

FTX is attempting to collect funds that BlockFi withdrew from FTX.com and others paid as interest by Alameda. BlockFi has however described FTX’s investment as a “gamble” that BlockFi creditors shouldn’t be held responsible for. Three Arrows Capital argue that BlockFi’s efforts to block their claims may violate the previously granted bankruptcy pause. Bankrupt crypto lender BlockFi is attempting to thwart attempts by FTX and Three Arrows Capital (3AC) to collect billions of dollars exchanged between the companies before their demise last year. In a court filing made on Monday, BlockFi asserted that FTX and Three Arrows Capital are not entitled to the $5 billion they are requesting. BlockFi is accusing the two companies of victimising it. In the filing, BlockFi wrote that the doctrine of “unclean hands” should be applied in order to prevent future unfairness to the creditors of BlockFi’s estates. Effect on repayment to creditors The ongoing tussle might have a substantial impac...

At press time, the SUI token was trading at $0.5775, up 8.43% in the past 24 hours. SUI has been trending since the Bullshark Quest 2 event started on July 28. The Bullshark Quest 2 event features the two SUI reward pools, each offering unique opportunities for participants. The price of SUI token has been on a recovery trend since August 18 partly because of the ongoing Bullshark Quest event 2 that was launched by Mysten Labs in collaboration with the Sui Foundation. SUI price chart  This eight-day extension of the Bullshark Quest event 2, which was originally supposed to end on August 29, aims to provide participants with a better chance to interact with decentralized finance (DeFi) dApps in more depth. Bullshark Quest 2 brings together a variety of individuals ready to dig into the dynamic world of decentralized finance. This expanded time frame intends to promote deeper user engagement with the DeFi ecosystem by enabling users to thoroughly investigate and interact w...

Binance.US lost its banking partners after the SEC filed a lawsuit against Binance and its affiliates. It had announced it was switching to a crypto-only exchange after failing to get a banking partner. The MoonPay partnership enables Binance US to resume USD deposits and withdrawals. Binance.US has launched a new partnership with cryptocurrency payments company MoonPay to enable customers to purchase the US dollar-pegged stablecoin Tether (USDT) . This comes two months after the crypto exchange switched to a cryptocurrency-only platform after failing to get any banking partner. Binance.US experienced a breakdown with its banking partners, which resulted in the exchange’s fiat deposits being suspended as of June 9. The Securities and Exchange Commission, which had sued the exchange and its affiliates four days earlier, was blamed at the time for the disruption, using “aggressive and intimidating” tactics. Customers can now use USD dollars on Binance US The cryptocurrency exchan...

Binance Coin (BNB) price is traded to lows of $204 after breaking below $210 and $208. Declines for BNB come amid strong headwinds around Binance.  BNB could drop to lows of $180 nad lower if bulls give up $200 zone. BNB price has broken below a key level as regulatory headwinds and latest issues around payments partners add to the broader downside pressure around the native Binance coin. According to data from CoinGecko, BNB traded to lows of $204 on Tuesday, with price down nearly 2% in the past 24 hours as of writing. Binance’s native coin has declined more than 14% in the past week. At current levels BNB is trading below a key technical support line and weakness could see bears push for the crucial $200 area. The last time BNB decisively broke below the zone was in June 2022 after the Terra and Three Arrows Capital collapse. Prices wicked to lows of $183 then. Why is BNB price down today? Binance has faced multiple regulatory hurdles over the past several months. Amo...

Chancer has seen nearly $1.6 million raised in its presale. Interest in the prediction markets crypto project has increased despite recent crypto sell-off. Is the current crypto market landscape a good time to invest? Experts opine the correction offers yet another opportunity to buy low. The same could apply to new gems in the market – and the Chancer presale suggests investors see value in blockchain-based betting. Crypto correction sees altcoins slide further Bitcoin and Ether prices are trading at critical levels after last week’s sell-off pushed BTC to under $25k and ETH to below $1.6k. Bitcoin is currently 11% down this past week, while Ether has shed nearly 10%.  Despite resilience creeping back into the outlook for the top two coins by market cap, the broader altcoin market is showing fresh weakness across many prices. Double-digit losses for XRP, BNB, Polygon, Solana and Cardano over the weekly time frame threatens a strengthening of the short term bearish persp...