General category for all types of news related to the cryptocurrency world.
The sudden shutdown of ZKX on Starknet Layer-2 shocked investors, including @AmberGroup_io and @HashKey_Capital, due to lack of transparency. Founder Eduard Jubany Tur cited economic infeasibility. Over 95% of user funds returned. #Crypto #Update
Music NFTs are changing music distribution and royalties. Artists like @SnoopDogg and @EdSheeran are using platforms like ShowCity to sell songs, albums, and concert tickets directly to fans. Challenges remain, but tokenization promises new revenue streams. #Update #MusicNFTs
Paradigm appoints David Swain, ex-@Facebook and @Instagram exec, as CMO amid its $850M commitment to blockchain and AI. Paradigm has backed 10+ major crypto projects in 2024, including $225M Series A for Monad. #Update #Crypto
.@WazirX faced backlash and dropped its “55/45” plan to distribute $230M hack losses among users. Users cited transparency issues. Security firm TruthLabs linked the hack to multi-signature contract flaws. #CryptoSecurity
Rep. @RoKhanna will host a virtual roundtable on Aug. 5 with reps from @VP Kamala Harris’ campaign and crypto leaders, aiming to improve Democratic relations with the crypto sector. Notable attendees: Anita Dunn, Bruce Reed, Lael Brainard. #CryptoNews
Crypto startups raised $107.6M from July 28-Aug 3, led by @Morpho’s $50M round with @RibbitCapital, @a16z, and @CoinbaseVentures. @DuelNow secured $11M, and @DaylightDePIN raised $9M. Major push towards decentralization and innovation. #Update #CryptoNews
OpenAI’s business model is under fire. Analyst Edward Zitron warns of financial trouble within two years due to high costs and unclear revenue strategies. Experts predict $5 billion loss by end of 2024. #AI #Update
Executives from the crypto industry will meet with @WhiteHouse advisers and Kamala Harris’s campaign team to discuss regulatory challenges. Key figures include Anita Dunn, Lael Brainard, and Rep. Ro Khanna. Outcomes could shape crypto’s regulatory future. #CryptoRegulation
Genesis completes restructuring and starts distributing $4B to creditors. Bitcoin holders get 51.28%, Ethereum holders 65.87%, altcoin holders 87.65%, stablecoin & USD holders 100%, Solana holders 29.58%. $BTC $ETH $SOL $USD #Update
In July 2024, Web3 and blockchain projects raised $1.17B, led by @iris_energy with $413.4M. Key investments: Alps Blockchain $113M, Skild AI $300M. This surge highlights blockchain and AI’s growing influence. #Update #Blockchain #AI
Former President Trump suggests using Bitcoin to pay off the U.S.’s $35 trillion debt by giving Bitcoin to China. The U.S. holds 210,392 Bitcoin, worth $13.3B. Critics cite Bitcoin’s volatility as a major risk. #Bitcoin #Update
Genesis Global begins $4B creditor repayments post-restructuring. Over 100K creditors receive 64% average recovery: Bitcoin 51.28%, Ethereum 65.87%, Solana 29.58%. Stablecoin & USD creditors recover 100%. Major step in rebuilding trust. #CryptoNews
98.6% of Pump.fun tokens failed to gain liquidity for listing on Raydium. Despite this, meme coin trading volume surged 17% in 24 hours. Top-10 assets yielded 1834.22% average returns in early 2024. #Update #Crypto
Polyhedra Network’s V2 staking program saw over 6.9M ZKJ tokens staked in less than a month, hitting a $9M milestone with 1,688 unique stakers. The program offers weekly rewards and incentivizes long-term engagement. #Update #CryptoNews
