General category for all types of news related to the cryptocurrency world.
Bitfarms appoints Ben Gagnon as new CEO after a three-month search. Gagnon, former Chief Mining Officer, aims for a 21 EH/s hash rate by 2024 and expansion into AI computing. Shares rise despite Bitcoin’s decline. $BITF #Update
Nuant launches a real-time tool to monitor crypto portfolios, supporting 30+ trading platforms and 80+ blockchain networks. Features include data aggregation, AI-driven rebalancing, and DeFi strategy simulations. CEO Rachid Ajaja aligns it with upcoming MiCA regulation. #CryptoNews
Circle introduces EURC, a euro-backed stablecoin, to Base, Coinbase’s Layer 2 blockchain. This move aims to enhance global digital euro transactions. EURC complies with MiCA regulations, joins $USDC, and promises near-instant cross-border payments. Circle holds an E-money License for both $USDC and EURC. #Update #CryptoNews
Meme coins, a $56B sector, overshadow serious innovations like DePINs and RWAs. Coins like $DOGE now lead to significant financial losses for newcomers, with celebrity tokens like @IggyAzalea’s MOTHER & Hulk Hogan’s HULK marred by scandals. #Update
MetaMask introduces a new Delegation Toolkit at EthCC to simplify Web3 onboarding. This toolkit eliminates traditional wallet interactions, making DApps more user-friendly and transactions instant. It supports all EVM chains and customizable permissions. #Update #Web3
Circle’s stablecoins, EURC and $USDC, saw trading volumes surge post-MiCA, with USDC hitting $23B weekly in 2024. Société Générale’s EURCV also increased. The rise reflects growing demand for regulated stablecoins. #CryptoRegulation
Solana-based meme coin $BONK surged 25% in 24 hours due to a major token burn and increased whale activity. BONK’s market cap hit $1.8B, surpassing rival $WIF. The meme coin market cap rose to $42.53B. #Update
The U.S. House will vote on July 10 to overturn President Biden’s veto of a bill nullifying SEC’s SAB 121, which discourages banks from holding crypto. The vote needs a two-thirds majority. Outcome crucial for the crypto industry. #CryptoNews
Notorious hacker group Pink Drainer lost 10 ETH in an Address Poisoning Attack after announcing their shutdown. They had stolen over $85M from 21,000+ victims, including @FTX_Official and @BlockFi. This underscores ongoing crypto threats. #CyberSecurity #Update
Investors are eyeing new cryptocurrencies like $POP, $NOT, and $TIA. Popcat’s meme coin rose 22%, Notcoin surged 56%, and Celestia’s TIA token shot up 178% in a year. MANTRA’s OM coin skyrocketed 3,590%! #Update
By 2025, crypto ETFs are projected to form 5% of hedge fund and pension fund portfolios, says blockchain expert Fiorenzo Manganiello. BlackRock’s spot bitcoin ETF has amassed $16.7B since Jan 2024, signaling strong institutional interest. #CryptoETFs #Update
1inch Labs launches Web3 RPC API to streamline blockchain development. This tool supports 10 EVM-compatible networks, ensuring stable and reliable interactions without the need for developers to run their own nodes. Enhance your dApp projects with ease. #Update #Web3 #BlockchainDevelopment
Fetch.ai, SingularityNET, and Ocean Protocol are merging to launch the new AI token, Artificial Superintelligence (ASI), in July. This decentralized initiative aims to advance AI and crypto. Total ASI supply: 2.63055 billion tokens. #AI #Crypto #Update
Puffer Finance launches Puffer UniFi, a rollup solution to address liquidity fragmentation on $ETH. It unifies the liquidity layer, enabling fast, cheap, and reliable transactions across decentralized apps. Raised $18M in Series A funding. #CryptoNews #Update
