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In the fast-changing world of decentralized finance (DeFi), user activity is one of the strongest indicators of growing utility and adoption. Recent data suggest that SonicLabs is quickly becoming a noteworthy player in this space. Active addresses on the SonicLabs network have doubled in the last two weeks, signaling a huge uptick in user engagement … Read more
An early and iconic holder of Ethereum has reemerged, continuing a strategy of gradual profit taking that has stretched over years. For the past 33 hours, a whale wallet that first emerged during the 2015 Ethereum Initial Coin Offering (ICO) has been making the rounds in crypto media by dumping 6,000 ETH onto the open … Read more
In the macroeconomic milieu of uncertainty that the cryptocurrency market finds itself in, even the best-laid plans of traders and long-term investors can go awry. Token unlock schedules that were previously in the shadows have been brought into the light; we are now all too aware of the impending unlocks of the very tokens with … Read more
A major development for the blockchain and decentralized IoT ecosystem is that the recently listed $AIOT token—backed by the OKZOO project—has seen an explosive price surge of nearly 120% after Binance announced the launch of $AIOT futures contracts on April 25. This dramatic price movement has been drawing attention not just from retail investors but … Read more
The cryptocurrency market has long been known for its volatility. But new data paints a stark picture of just how precarious the industry has become. Since 2021, more than half of all cryptocurrencies listed on GeckoTerminal have failed, with a staggering 3.7 million tokens now considered defunct. These tokens are no longer trading and have … Read more
The cryptocurrency sector that is driven by artificial intelligence is showing signs of returning to health, with tokens such as $AI16Z and VIRTUAL recovering nicely along with the rest of the market. In the last week, $AI16Z has surged 78%, including a 22% spike in the last 24 hours. This sudden rise has brought the … Read more
The ‘Common Cents’ Act, which has bipartisan support, seeks to end the production of the $0.01 coin, commonly known as the cent, as its production and distribution costs exceed its face value. Representatives Lisa McClain and Robert Garcia, along with Senators Cynthia Lummis and Kirsten Gillibrand, are behind this proposal. Common Cents Act Gets Introduced … Read more
Anthony Pompliano’s blank-check firm, Procap Acquisition Corp., has filed with the U.S. Securities and Exchange Commission (SEC) to raise $200 million in an initial public offering (IPO). Pompliano-Led ProCap to Hunt for Fintech Targets With $200M War Chest Procap Acquisition Corp., incorporated in the Cayman Islands and led by Anthony Pompliano as chief executive officer, … Read more
Mocaverse (MOCA) is garnering more attention, and for good reason. On-chain data has revealed that Galaxy Digital, a well-known crypto financial services firm, has been very active in the MOCA token ecosystem. They’ve been doing some interesting things and giving us some serious “market maker” vibes. In light of that, the Moca Network team put … Read more
LayerEdge—a nascent power in blockchain infrastructure—has achieved a much-awaited milestone: its Proof of Humanity campaign. More than 500,000 users participated in the campaign, which has generated over a million attestations. This development is the latest in a series of rapid technical advancements by the team that’s building LayerEdge. And it’s all leading to the imminent … Read more