Category: crypto
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Bad tokenomics kill good projects (here’s how to improve them)
Arthur Iinuma emphasizes the importance of good token design in successful projects, highlighting mistakes like wide valuation gaps, poor vesting schedules, overselling by founders, and high listing valuations. He also discusses successful tokenomics principles, including genuine scarcity, deep product integration, selling restrictions, and realistic valuation and supply management. Ongoing token management is crucial for sustained…
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Indicators show retail remains sidelined as Bitcoin trades at new highs
Bitcoin reached a new all-time high but retail adoption remains low, with crypto-platform downloads decreasing. There is more institutional demand than retail participation, with on-chain signals showing limited speculative heat. Despite rising funding rates in major derivatives venues, leverage remains modest. The steady bid and institutional demand suggest price discovery may continue.
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Former SafeMoon CEO Braden Karony convicted on all charges in $200M crypto fraud scheme
Former SafeMoon executive Braden John Karony has been convicted on all charges in a crypto fraud scheme that defrauded investors of millions. Karony faces up to 45 years in prison and forfeiture of $2 million in assets. The scheme involved lying to investors about SafeMoon’s liquidity pools and using the funds for personal gain. Karony’s…
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Hyperliquid’s market momentum propels HYPE to new high
Hyperliquid’s native token, HYPE, reached a new record high due to increased trading activity and open interest, following Bitcoin’s price milestone. The platform’s open interest reached $9.4 billion, a 53% increase from previous levels. Hyperliquid engaged with the CFTC regarding regulatory discussions and emphasized the benefits of its decentralized infrastructure. HYPE surged over 12% in…
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Cetus posts $5M bounty for hacker’s ID amid centralization concerns on Sui freeze
Cetus Protocol offered a $5 million reward for information leading to the arrest of the attacker who stole $223 million from its decentralized exchange. They also proposed a $6 million retention fee to the attacker for returning the stolen assets. The incident has sparked a debate on decentralization in the crypto community.
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Pi Network token makes derivatives debut on Kraken with perpetual futures offering 20x leverage
Kraken has added perpetual futures contracts for Pi Network’s token, PI, with up to 20x leverage. Despite the listing on a major derivatives platform, the token’s price did not see positive movement. Trading at $0.77, down 5.33%, the futures offer exposure to PI’s price with ongoing concerns about decentralization and market performance.
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Bitcoin balance sheet adoption could hit 20% of BTC supply by 2026
Bitwise and UTXO Management project that 20% of Bitcoin could move to institutional balance sheets by 2026. The study explores five demand channels for Bitcoin, including nation-states, wealth-management platforms, public companies, and sovereign-wealth funds. Favorable policies in the US could also drive adoption. The report predicts a shift towards “hyperbitcoinization.”
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Did OpenAI tease Sora2 with Sam Altman, Jony Ives AI-generated launch video?
OpenAI released a video of CEO Sam Altman and Jony Ive discussing merging Ive’s startup Io with OpenAI. Crypto Twitter speculated about the authenticity of the video, focusing on details like latte foam. Despite the controversy, Altman is investing billions to create a revolutionary computing device. The internet debates the video’s realism while OpenAI and…
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Bitcoin nosedives 4% as Donald Trump threatens tariffs on imported iPhones and EU products
Bitcoin has recovered slightly after dropping from its all-time high due to Trump’s announcement of potential tariffs on EU-imported goods. S&P 500 and oil futures fell, while gold rose. Trump criticized the EU’s trade policies and threatened tariffs. All top 10 cryptocurrencies declined, with Solana performing the best. Bitcoin erased recent gains.
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JPMorgan and other Wall Street banks reportedly in joint challenge for Tether’s stablecoin dominance
Major US banks are reportedly collaborating on a joint stablecoin initiative, signaling a shift in traditional financial institutions’ approach to cryptocurrencies. This development could challenge the dominance of current stablecoin leaders, Tether and Circle. The move highlights the growing importance of stablecoins in the global financial system and could impact the market significantly.