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Cryptocurrency & Blockchain News 🔗 ⚡️ Exclusives ⚡️ Guides ⚡️ Reviews ⚡️ Education ✅ Follow us on Twitter: https://twitter.com/Cryptonews ✅ Check out our website: https://cryptonews.com/
⚡️ DeFi Network Radix Cuts 15% of Workforce to Reduce Costs
DeFi platform Radix has implemented a 15% workforce reduction as part of a cost-cutting initiative, CEO Piers Ridyard said Thursday.
Investor’s $1M MBAPPE Bet Crashes in an Hour After Kylian Mbappé X Account Hack
A crypto investor lost more than $1 million within an hour on Thursday by purchasing a dubious meme coin named $MBAPPE, following Kylian Mbappe's Twitter account hack.
📉 PHIL Meme Coin From Ethereum Genesis Block Briefly Hits $125M on Uniswap
A meme coin launched by a wallet linked to Ethereum Genesis block has quickly reached a market cap of over $100 million before taking a dip.
👮 Telegram Founder Pavel Durov Transferred to Court Following Arrest in France
Pavel Durov, the founder of Telegram, has been released from police custody and transferred to a court in France for questioning.
🍔 McDonald’s Instagram Hack: Marcie Jastrow on Securing Meme Coins with IP Ownership
Following McDonald’s recent hack, entrepreneur Marcie Jastrow advocates using Meme Coin Intellectual Property ownership for better security.
💵 XRP Ledger and Web3Auth Launch 30-Second Onboarding with New MPC Wallet
Web3 wallet infrastructure provider Web3Auth has announced the launch of the XRP Ledger MPC (Multi-Party Computation) wallet.
⚡️ Rival Exchange CoinSwitch Sues WazirX to Recover $9M in Trapped Funds
CoinSwitch claims despite repeated attempts to reach a resolution with WazirX, they have been unable to recover the trapped funds.
🌁 BNB Chain Launches Its Cross-Chain Bridge with Celer, deBridge, and Stargate
The purpose of BNB Chain Bridge is to connect Binance’s blockchain platform with others, as well as to enhance cross-chain interoperability.
3. STONIE (STONIE/WETH) 🚀
🔹 24h Price Change: +5,608%
🔹 Current Price: $0.0004504
🔹 Solid Increase: STONIE has achieved a 5,608% increase, marking it as a notable performer in the market.
🔹 Market Buzz: This growth could be linked to recent community activities, endorsements, or market speculation.
🔹 Strategic Insight: To better understand its trajectory, consider researching recent developments or community sentiment around STONIE.
🔹 Trade Wisely: While the gains are impressive, stay cautious and monitor market trends to optimize your trading strategy.
*Disclaimer: For informational purposes only. Conduct due diligence and trade responsibly.*
TOP TRENDING COINS! 📈
Here's the latest on today's market dynamics:
1. XELON (XELON/WETH) 🚀
🔹 24h Price Change: +17,924%
🔹 Current Price: $0.02447
🔹 Explosive Growth: XELON has experienced a massive surge of 17,924% over the past 24 hours, making it a standout performer.
🔹 Market Buzz: The dramatic increase suggests heightened interest, possibly due to a combination of market speculation, social media hype, or recent developments.
🔹 Strategic Insight: Investigating the catalysts behind this surge, such as community engagement, partnerships, or upcoming events, could provide valuable insights.
🔹 Trade Wisely: Approach this token with caution, as such rapid increases often come with high volatility.
*Disclaimer: For informational purposes only. Conduct due diligence and trade responsibly.*
👮 Malaysian Police Bust Crypto Investment Fraud Call Center Targeting Japanese Citizens
The Royal Malaysian Police has dismantled a crypto investment fraud call center in Kuala Lumpur, which allegedly targeted Japanese citizens.
📉 Analyst Casts Doubt on $30T Valuation for Tokenized RWAs by 2030, Suggests $1.3T
Some in the crypto community have cast doubt on a recent projection suggesting that tokenized RWAs could reach $30 trillion by 2030.
Japan PM Highlights Web3, Blockchain as Solutions to Social Issues
🇯🇵 Japan PM Fumio Kishida declared on Wednesday that Web3 and blockchain technology are fundamental in addressing the country’s societal issues.
Assets Invested in Crypto ETFs and ETPs Soar to Record High of $91.69B: ETFGI
Assets invested in cryptocurrency ETFs and ETPs hit a record new high of $91.69 billion at the end of July, according to data from ETFGI.
US BTC Demand Spikes as Fed Signals Rate Cuts: CryptoQuant
The recent surge in Bitcoin price was largely driven by a spike in demand from U.S. investors, per CryptoQuant report.
🔋 TON Blockchain Back Online Following Second Outage
The TON blockchain network has resumed operations following its second outage in two days.
How Real Estate Tokenization Differs From Initial Coin Offerings
A Colorado church was recently tokenized to raise $2.5 million, but this model may resemble an initial coin offering.
⚖️ WazirX's Parent Firm Files for Moratorium in Singapore High Court
💰 Zettai Pte Ltd, the parent company of WazirX, has filed for a moratorium in the Singapore High to buy more time to focus on the restructuring plan. 🔒
🚨OpenSea Receives Wells Notice from SEC Over Alleged NFT Securities Violation
OpenSea has received a Wells notice from the SEC, signaling potential legal action over alleged securities violations related to NFTs. 🎨💔
🚀 Bitfarms Closes In on 110 MW, Takes Ownership of New US Data Center
Bitfarms has officially acquired their first mega data center in Sharon, Pennsylvania, securing access to 110 MW of power with plans to expand to 120 MW!
How Pavel Durov's Arrest Affects the TON Ecosystem
The arrest of Telegram founder Pavel Durov is raising concerns about projects building on the TON blockchain. While some of them might be at risk, many are staying positive.
⚽︎ BlockDAG Inks Three-Year Partnership with Borussia Dortmund Worth $10M
Blockchain company BlockDAG has secured a $10 million, three-year global partnership with major German football club Borussia Dortmund (BVB).
🚀 Synk (SYNK/WETH) Daily Analysis - August 28th 2024:
👉 Overview:
🔸 Synk (SYNK) has recently seen a notable increase in its market value, reflected in its significant 24-hour price change.
👉 Key Metrics:
🔸 Market Capitalization: $364.77K, placing Synk in the micro-cap category, indicating that it is still relatively early in its development but has potential for growth.
🔸 Liquidity: $99.79K, which is solid for a token of this size.
🔸 Circulating Supply: 100.00M tokens, a manageable supply size that allows for price appreciation as demand increases.
🔸 Holders: 187, a small but potentially growing community.
🔸 24-Hour Trading Volume: $246.83K, showing active trading and interest in the token, which aligns with the recent price surge.
🔸 Current Price: $0.003726, reflecting a significant increase, making it an affordable token with potential for growth.
*Disclaimer: For informational purposes only. Conduct due diligence and trade responsibly.*
2. EBEAR (EBEAR/WETH) 🚀
🔹 24h Price Change: +8,767%
🔹 Current Price: $0.0001111
🔹 Significant Rise: EBEAR has seen a notable 8,767% increase, indicating growing market interest and activity.
🔹 Market Buzz: The surge may be driven by speculative trading, community initiatives, or news related to the token.
🔹 Strategic Insight: Understanding what’s fueling this growth, whether it be news, rumors, or technical developments, is key to making informed trading decisions.
🔹 Trade Wisely: Keep an eye on the market dynamics surrounding EBEAR, as the volatility presents both opportunities and risks.
*Disclaimer: For informational purposes only. Conduct due diligence and trade responsibly.*
🔪 CEO of Haru Invest Attacked with Knife During Fraud Trial in South Korea
Hugo Hyungsoo Lee, CEO of South Korean crypto yield platform Haru Invest, was attacked with a knife during his ongoing fraud trial.
📊 Cryptocurrency price check 📊
🔹 BTC: $59,095 - 5.82%
🔹 ETH: $2,464 - 7.92%
🔹 BNB: $537 - 2.80%
🔹 XRP: $0.57 - 3.24%
🔹 ADA: $0.34 - 4.52%
🛒 Bitwise to Acquire Osprey Bitcoin Trust Assets, Offering OBTC Unitholders Shares of BITB
Bitwise Asset Management has announced the acquisition of the Osprey Bitcoin Trust (OBTC).
BlackRock’s Ethereum ETF Debuts on Brazilian Stock Exchange Under ETHA39 Ticker
🇧🇷 Asset manager BlackRock will launch its Ethereum exchange-traded fund (ETF) on the Brazilian stock exchange.
TON Blockchain Freezes as Binance and Bybit Suspend Trades
The Open Network (TON) blockchain ceased validating new transactions and failed to generate a new block for over six hours on Wednesday.
Sony Unveils Public Testnet for Ethereum Layer-2 Blockchain Soneium
Sony Group's blockchain subsidiary on Wednesday launched the "Minato" testnet for its Ethereum Layer-2 blockchain, Soneium.