General category for all types of news related to the cryptocurrency world.
Zignaly’s $ZIG token surged to $0.1313, nearing its all-time high, fueled by a major token burn and decentralization efforts. With over 2,500% growth from its 2023 low and a market cap above $132M, further gains are anticipated. #CryptoNews
Terra Classic Foundation delegates 30M more $LUNC to Hexxagon, totaling 930M $LUNC to boost the Terra Luna Classic ecosystem, including platforms like Galaxy Station and Finder. Despite mixed reactions, this aims to strengthen infrastructure and potentially attract more investors. Current $LUNC price: $0.00008063. #Update
South Korean crypto exchanges will re-evaluate 1,333 tokens under new rules starting July 19. Major exchanges like @UpbitGlobal and @BithumbOfficial will assess tokens for reliability and compliance. Mass delistings are unlikely. #CryptoUpdate
Circle secures first EMI license for stablecoin operations under MiCA, allowing issuance of $USDC and EURC across 27 EU countries via Circle Mint France. CEO Jeremy Allaire highlights strong interest from enterprises. $USDC market cap: $32.5B. #Update #CryptoNews
Charles Hoskinson, founder of Cardano ($ADA), urges voters to prioritize crypto policies in the U.S. elections. He criticizes Biden’s administration for “regulation by enforcement,” stifling innovation and causing job losses. This sentiment echoes throughout the crypto community, including leaders like @MessariCrypto’s Ryan Selkis. #CryptoRegulation
Blockchain projects secured $739.48M in June 2024, led by @Hut8Mining’s $150M for AI infrastructure. Colosseum and Avail raised $60M and $43M for GameFi & Web3. @AnimocaBrands backed ten startups. Mistral AI’s Series B hit $642M, valuing it at $6B. #Blockchain #Update
Memecoins, often seen as valueless, are vital in crypto. Vitalik Buterin sees their philanthropic potential, while Michael Novogratz notes their market influence. Memecoins excel in marketing, drawing broader audiences and driving blockchain adoption. Example: Dog Wif Hat raised $700K for ads. #Update
Keith Gill, aka Roaring Kitty, revealed a 6.6% stake in Chewy Inc., causing the Solana-based $CHWY memecoin to soar 500% on Monday. This highlights the powerful influence of social media on cryptocurrency. #Update #CryptoNews
Circle becomes the first stablecoin issuer to comply with the EU’s MiCA regulation, securing an E-Money license for $USDC and $EURC. The firm, now headquartered in France, aims for compliance and security, holding EURC reserves in a French entity. #Crypto #MiCA
South Korean tech giant @SKHynix is investing $74.6B in AI chip development by 2028, focusing on data centers, AI voice assistants, and high-bandwidth memory. The company plans to restructure 175 subsidiaries to boost profitability and is the exclusive supplier of HBM3 chips for Nvidia. #Update
WELL3 integrates DePIN, DID, and AI, attracting 1M+ pre-registered users. $55M public sale in 7 days, 900K sign-ups for WELL3 Ring NFT whitelist, and partnerships with @0xPolygon and @Solana. Users earn WELL tokens by sharing anonymized health data. #Update
Polymarket hit a record $111.5M trading volume in June 2024, driven by U.S. presidential debates between Donald Trump and Joe Biden. Bets on the election winner reached $204.8M. Active addresses doubled, with TVL surpassing $42M. #Crypto #Update
Robert Kao emphasizes that web3 adoption relies on user-friendly interfaces and tangible rewards, not blockchain specifics. By mimicking web2 strategies like Instagram’s ease of use, web3 apps can drive engagement with tokens and gamified incentives. #Update #Web3
Cryptocurrency funds saw $30M withdrawn in late June, marking the third straight week of outflows. Ethereum-based funds were hit hardest with $60.7M withdrawn, the most since Aug 2022. Germany and Hong Kong led outflows. Trading volume rose 43% to $6.2B. #CryptoNews
