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U.S. Senator Cynthia Lummis recently reinforced the intention of extending faculties to the Federal Reserve to purchase and own bitcoin as part of its reserve assets. Lummis stated that the U.S. debt can be repaid through a bitcoin strategic bitcoin reserve, as proposed in her BITCOIN Act. US Senator Cynthia Lummis Proposes Allowing the Federal … Read more
The U.S. Securities and Exchange Commission (SEC) announced that Tai Mo Shan Ltd. has agreed to pay $123 million to resolve allegations of misleading investors about the stability of terrausd, Terra’s algorithmic stablecoin. Tai Mo Shan Settles SEC Allegations Over Terrausd for $123 Million Tai Mo Shan, a subsidiary of Jump Crypto Holdings, was accused … Read more
For four days straight, bitcoin’s historic high of $108,000 has been in the rearview mirror, with the digital asset now dipping over 10% from its peak. Yet, while the price has cooled, long-dormant bitcoins are springing to life, making their way to new wallets. From Dormant to Dynamic In the past 12 hours, bitcoin has … Read more
This weekend, data confirms that more than 4.5 million ether (ETH) have been burned on the Ethereum network since Aug. 5, 2021, marking the implementation of Ethereum Improvement Proposal (EIP)-1559. The Great Ethereum Burn Approximately three years and four months have passed since the London hard fork was activated, and during that time, 4,523,479.74 ETH … Read more
A whale known for trading PEPE tokens recently ended the ninth wave of their trading strategy with a significant loss of $612,000. Over the past three days, the whale accumulated 360.7 billion PEPE tokens (valued at approximately $8.49 million) at an average price of $0.00002353. However, after PEPE’s market price dropped nearly 10% today, they … Read more
2024 has been a transformative year for Chainlink, with remarkable strides made through its Build and Scale programs. Both initiatives have fostered growth, collaboration, and innovation within the Chainlink ecosystem, attracting developers and projects from across the blockchain industry. Scale Program Milestones The Scale program has expanded significantly this year, with 16 blockchain networks now … Read more
The crypto space is abuzz with significant developments across NFTs, stablecoins, and Bitcoin’s historic performance. Here’s a closer look at the top trending topics shaping the market this week. Pudgy Penguins and the Rise of $PENGU The Pudgy Penguin NFT project continues to captivate the market with the launch of its native token, $PENGU. Recently … Read more
Tether has been a driving force in the ongoing crypto bull rally, with an average of $40 million USDT moving onto exchanges daily over the past eight weeks. This consistent influx of stablecoin liquidity, often referred to as “dry powder,” has played a key role in fueling historic market pumps and maintaining momentum as the … Read more
Long-term holders of Ethereum (ETH) have demonstrated unwavering conviction in 2024, with their collective holdings steadily increasing. Currently, around 110 million ETH is held by these long-term investors, marking a significant rise in their stake over the past two years. Social sentiment surrounding Ethereum has turned notably negative, reaching its lowest point since December 18, … Read more
Institutional activity surrounding Uniswap’s $UNI token has surged over the past two days, with significant deposits being made to major exchanges. This trend highlights growing movement in the $UNI market, including transactions from high-value wallets and previously dormant accounts. One notable transaction came from a whale address, “0x59a,” with a portfolio valued at $89.4 million. … Read more