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Archives by Year:
TRON Foundation Launches $300M GameFi Fund
Key Takeaways TRON Foundation is launching a $300 million fund in collaboration with APENFT and WINKLink. The fund’s primary goal is to boost GameFi ecosystem growth on the TRON network. Justin Sun, who founded TRON and has recently become an avid digital art collector, thinks GameFi is the next big thing in crypto. The fund […]
Cardano Could Be Ready to Retest All-Time Highs
Key Takeaways Cardano is up 15.8% in the past 24 hours. The upward price action allowed it to turn a significant supply barrier into support. Now, ADA faces no opposition to retest the $2.47 all-time high. This news was brought to you by Phemex, our preferred Derivatives Partner. Cardano was recently on shaky grounds as […]
Bipartisan Amendment Held Up By One Senator
Key Takeaways The cryptocurrency amendments to the Infrastructure Bill have all been rejected in the Senate. The amendment necessitated unanimity to be added to the bill, but Richard Shelby (R-AL) rejected the amendment. The Alabama Senator chose to reject all amendments as long as his own amendment increasing military spending wasn’t included as well. A […]
Latest Tether Report Says USDT Is 10% Backed by Cash
Key Takeaways Tether has published a new assurance report detailing the composition of its financial reserves. Those numbers suggest that USDT is backed by more than 50% cash equivalents, including 10% cash and bank deposits. The report was conducted by the auditing firm Moore Cayman. This news was brought to you by Phemex, our preferred […]
Bitcoin Targets $50,000 But Profit-Taking Looks Imminent
Key Takeaways Bitcoin is heading into the green after breaking above $45,000. On-chain data shows that the asset could advance to $50,000 with little opposition. However, one technical indicator suggests that a spike in profit-taking is underway. Bitcoin has stolen the crypto spotlight as its price surged by more than 5.5% following Monday’s open. The […]
Perpetual Protocol Launches $47M Fund to Boost DeFi Derivatives
This news was brought to you by ANKR, our preferred DeFi Partner. Decentralized derivatives platform Perpetual Protocol has launched a new ecosystem fund based on token swaps. Perpetual Unveils Ecosystem Fund Perpetual Protocol, a virtual automated market maker for trading on-chain derivatives, has agreed to a partnership with three protocols to boost its ecosystem. The […]
Stablecoin Giant Circle Plans to Become Federal Bank
Key Takeaways Stablecoin issuer Circle has detailed its plans to become a National Digital Currency Bank operating under federal oversight. Circle’s USDC has seen explosive growth in 2021, with a current market cap of $27.5 billion. The move would see Circle comply with federal banking rules, which are much stricter than state banking regulation. This […]
Division Over Infrastructure Bill as Senators Offer “Compromise Amendment”
Key Takeaways Voting on the infrastructure bill was pushed back after the Senate failed to reach an agreement over the weekend. Senator Ted Cruz said that Democrats had blocked any further amendments to the bill over a disagreement on spending. A new “compromise amendment” has been offered that would exclude protocol developers, Proof-of-Stake validators, and […]
Poloniex Reaches $10M Settlement With SEC Over Unregistered Status
Key Takeaways The SEC has charged crypto exchange Poloniex for operating an unregistered online digital assets exchange. Poloniex allegedly facilitated the trading of digital asset securities without registering with the SEC. Poloniex neither admits nor denies any wrongdoings, but has agreed to pay $10 million settlement charges. This Exchange News was brought to you by […]
Ethereum Whales Are Spending $100,000 on Digital Rocks
An early NFT project called EtherRocks has soared in value this weekend, with the floor price more than doubling in 48 hours. EtherRocks Sell For $100,000 EtherRocks is the latest project to benefit from the current NFT mania. Trading of the digital rocks spiked this weekend, with many now selling for more than $100,000. Just […]
