Category Archive: Cryptocurrency, No picture
TRON network officially supported by LayerZero
Geneva, Switzerland, May 28, 2024 – The TRON DAO has officially announced LayerZero support for the TRON blockchain, making TRON the second non-EVM chain to be integrated into LayerZero’s cross-chain interoperability protocol. This significant development allows TRON ecosystem developers to seamlessly expand their applications to over 70 other networks supported by LayerZero.LayerZero is a cutting-edge […]
Possible BNB Chain exploit sees $80K in BTC lost
A recent incident on the BNB Chain has resulted in the loss of approximately $80,000 worth of Bitcoin (BTC) due to a potential exploit involving a series of suspicious transactions. While the amount may seem small compared to typical crypto exploits, the attacker’s identity and intentions have come under scrutiny.According to on-chain security firm Cyvers, […]
China’s Industrial Bank rewards digital yuan spending with carbon credits
Fuzhou-based commercial bank Industrial Bank (CIB), has unveiled a novel rewards system that enables users to earn carbon credit points through digital yuan (e-CNY) spending, according to a recent report from Cnfol.com, an online financial information platform.Through the bank’s mobile app, users can now accumulate carbon points for a range of transactions, from daily payments […]
Solana validators vote to keep full control of priority fees
Solana validators have voted on SIMD-0096, a proposal to self-allocate 100% of priority fees, ending the previous 50/50 split between burning fees and rewarding validators. The proposal was passed with a 77% approval.According to descriptions of the proposal, it was designed to address specific flaws in Solana’s current validator system while maintaining alignment with incentives […]
Mt. Gox moves $840 million in Bitcoin to new wallet
Defunct crypto exchange Mt. Gox transferred 12,240 BTC, valued at approximately $840 million, to a new wallet over the past hour, according to data from Arkham Intelligence. Following the transfer, Bitcoin’s price experienced a minor dip, dropping below $68,500, according to CoinGecko’s data.Mt. Gox BTC transfer on May 27 – Source: Arkham IntelligenceDespite the latest […]
Shima Capital bets on WOJAK, TRUMP, and three other meme coins
Venture capital (VC) fund Shima Capital accumulated five different meme coins on Monday, according to on-chain data firm Nansen. The VC made bets on Ethereum-based meme coins MAGA, TRUMP, WOJAK, DEGEN, and ANDY. At the time of writing, four out of five of their positions are resulting in unrealized losses.Shima’s highest bet was the DEGEN […]
Bitcoin stuck in accumulation range, but a breakout is near
Despite showing positive weekly closures for three weeks straight, Bitcoin (BTC) is still stuck in the accumulation zone between $60,000 and $70,000, according to the trader identified as Rekt Capital.The current accumulation phase is a common post-halving period, registered in previous cycles, as shared by the trader on X. As BTC failed to register a […]
Uniswap Foundation discloses $41M balance sheet ahead of crucial fee vote
As the Uniswap community prepares to vote on a proposal that would introduce a new fee distribution plan, the Uniswap Foundation has shared its balance sheet, revealing $41.41 million in fiat and stablecoins, as well as 730,000 UNI tokens.The upcoming vote, which is expected to pass based on prior snapshot polls, would transfer control of […]
ZachXBT reveals GCR account hack tied to Solana meme coin team
The May 26 X account hack of the notorious trader known as GCR might be tied to the team behind the meme coin CAT deployed on Solana, shared the on-chain sleuth ZachXBT this Monday. According to ZachXBT, minutes before the hack, an address tied to CAT’s team opened long positions in the tokens ORDI and […]
Ethereum set for bull run, but short-term struggles expected: Kaiko
Last week marked a significant shift in the market sentiment for Ethereum (ETH) following the SEC’s unexpected approval of spot ETH exchange-traded funds (ETFs), and market data suggests that ETH is headed for a bull run soon, according to a report from on-chain analysis firm Kaiko.The SEC’s decision came through the approval of 19b-4 filings […]
