OM Crypto Surges 19%, Leads Market Gains
OM, the native token of @DefiMantra, surged 19%, reaching $1.13. With a 900% trading volume increase to $311M and a market cap of $849M, OM is now the 82nd largest cryptocurrency. #DeFi #Update
Crypto News
General category for all types of news related to the cryptocurrency world.
Crypto Gains Bipartisan Support Despite Trump-Biden Outcome
Kristen Smith, CEO of the Blockchain Association, and Sheila Warren, CEO of the Crypto Council for Innovation, discuss bipartisan support for crypto post-election. Both highlighted FIT21 Act backing and the need for the U.S. to stay competitive globally. One in five swing state voters find crypto crucial for the election. #CryptoRegulation
Payeer Fined $10M for Violating EU Sanctions
Latvia’s FNTT fines crypto exchange Payeer $10M for violating EU sanctions on Russia. Payeer allowed Russian users to bypass restrictions via sanctioned banks. Additionally, it faces a $1.15M fine for breaching AML protocols. #Update #CryptoNews
Biden’s Veto Sustained: House Fails Override
The U.S. House of Representatives failed to override President Biden’s veto of the bill to end SAB 121, with a vote of 228-184. This maintains the SEC’s crypto custody guidance for transparency in managing customers’ crypto assets. #CryptoRegulation
MOTHER Token Surges with Iggy Azalea Partnership
Iggy Azalea’s MOTHER memecoin surged 30% after partnering with DWF Labs. MOTHER, once valued at $150M, aims to be a payment method for cell plans. This deal could revive the fallen coin. #Crypto #Update
OpenAI Joins LANL for Cutting-Edge Bio Research
OpenAI and Los Alamos National Laboratory (@LosAlamosNatLab) are partnering to integrate GPT-4o into biological research. This collaboration aims to advance live cell transformations and medical screenings, enhancing scientific understanding and efficiency. #Biotech #AI #Update
Covalent QCT Surges on Token Transition Proposal
Covalent’s $QCT token fluctuated between $0.10 and $0.16 amid a proposal to transition to $CXT, backed by 37M votes. The move, supported by @OKX, @gate_io, and @cryptocom, aims to boost AI integration and liquidity. #Update
BitMEX Guilty of U.S. Bank Secrecy Violation
Cryptocurrency exchange @BitMEX has pleaded guilty to violating the U.S. Bank Secrecy Act by failing to implement an adequate anti-money laundering program. Co-founders face legal actions, highlighting the need for strict compliance. #AML #Update
Pepe Surges, Holds 200 EMA, Gains Expected
Pepe ($PEPE) price jumps 25% to $0.0000095 amid positive inflation data and Bitcoin’s surge above $59,000. Trading volumes average $1.16B, with whale activity hinting at confidence. Ethereum ETF speculation boosts meme coins. #Update #CryptoNews
Microstrategy Reveals 10-for-1 Stock Split News
MicroStrategy (@MicroStrategy) announces a 10-for-1 stock split to make shares more accessible. Shares rose 7.5% after the announcement. Trading on a split-adjusted basis begins August 8, 2024. The company remains the largest corporate holder of Bitcoin. #Update
Crypto Exchanges Receive $100B in Illicit Funds
Since 2019, $100B in crypto from illicit sources went to exchanges, with 30% to sanctioned services like Russia’s Garantex. In 2022, $30B of illicit funds, mostly in stablecoins, was recorded. Tether froze $1.5B in USDT. #Update #CryptoCrime
Pyth Network Unveils Express Relay Solution for MEV
Pyth Network launches Express Relay to tackle Miner Extractable Value (MEV) in DeFi. This innovative solution prioritizes transactions efficiently, reducing MEV’s negative impact and potentially saving users millions. #Update #DeFi @PythNetwork
Democratizing Digital Infrastructure with DePINs Network
Imagine earning money through everyday devices like smartphones. DePINs, with a market cap over $20B, promise this but face technical barriers. Simplifying tech is key for broad adoption, making web3 mining accessible. Potential market: $3.5T by 2028. #Update
Crypto Betting Surge: Pollymarket and Pump.fun Rise
Polymarket (@PolymarketHQ) and Pump.fun are soaring in the crypto world! Polymarket sees 22K+ daily transactions, while Pump.fun, based on Solana, averages 10K. $500M on US elections and $58M in meme coin fees highlight this shift. #Update #Crypto