Category: crypto

MegaETH’s MEGA token auction has received nearly $300 million in bids against a $50 million cap, indicating a valuation close to $6 billion. The sale is oversubscribed 6x by accredited investors bidding in USDT on Ethereum. Final allocations will be based on lockups, social, and onchain criteria, with settlements and refunds in November.

Reliance Global Group has added Solana to its digital asset portfolio, bringing the total number of cryptocurrencies in their treasury holdings to five out of the top ten. This move reflects the company’s strategy to diversify across leading blockchain ecosystems and tap into blockchain innovation and market opportunities. Solana’s growth as a key blockchain ecosystem…

Polkadot’s DOT token has been integrated into Unity Nodes, a decentralized telecom verification network. This allows smartphones to act as verification units, replacing traditional auditing processes. The integration of DOT provides real-world utility and rewards for operators within the $2 trillion global telecom industry, advancing decentralization efforts.

The Federal Open Market Committee is meeting on October 28-29 to decide on interest rates, expected to be cut by 25 basis points. This decision will have significant impacts on the economy and could boost Bitcoin prices. Lower interest rates encourage investors to take risks, benefiting high-risk assets like cryptocurrencies.

Michael Saylor’s company Strategy continues to buy Bitcoin, purchasing 390 Bitcoins for $43 million despite the asset trading near historic highs. This was their third purchase in October, bringing their total Bitcoin holding to 640,808 BTC. Saylor’s confidence in Bitcoin’s long-term trajectory is shown through these continued purchases.

Yellow Network, backed by Ripple co-founder Chris Larsen, has integrated with XRPL EVM Sidechain to enhance its real-world assets trading system. The integration will leverage the sidechain’s Ethereum compatibility to improve liquidity and traceability for Yellow Network’s Clearnet platform. This collaboration aims to make real-world assets more liquid and tradable in the blockchain ecosystem.

NYSE approved Bitwise’s Solana Staking ETF, marking a milestone for Solana’s institutional adoption in U.S. markets. The ETF, set to launch alongside Litecoin and HBAR ETFs, offers a regulated way for investors to earn staking rewards without managing private keys. Bitwise plans to waive fees to attract early capital.

The x402 ecosystem tokens have surged to over $800 million in market value, increasing by 366% after the launch of the x402b for BNB Chain. The upgrade includes gasless payments and auditable on-chain receipts, making the protocol more compatible and enterprise-ready on the BNB Chain, driving a spike in trading volume.

Mt. Gox has extended its creditor repayment deadline to Oct 31, 2026, marking the third delay since the original deadline of October 2023. The extension was approved by a Japanese court to ensure more creditors receive their payments, with many already paid but some facing issues. Mt. Gox’s history includes a hacking incident in 2014…

American Bitcoin has increased its treasury to 3,865 BTC through acquisition and mining. The company introduced a new metric called Satoshis Per Share, showing a 52% increase since September. The company’s strategy focuses on retaining mined supply rather than selling to cover operations, aiming to increase Bitcoin value per share efficiently.