Category: crypto

Former Binance CEO CZ warns traders about the risks of meme coins on social media, highlighting incidents of official accounts being hacked to promote scam tokens. Despite the meme coin trend on BNB Chain, CZ remains neutral and encourages builders to prioritize utility. The BSC ecosystem has seen a surge in meme coin trading.

HTX has launched a $100 million USDT airdrop to help traders recover from the Oct. 11 market wipeout. Traders who lost at least 100 USDT between Oct. 9 and 11 can claim up to 5,000 USDT in futures coupons. Other initiatives from exchanges like Binance aim to provide support to traders affected by the crash.

Polymarket is preparing to launch its own token but will delay it until it reestablishes in the U.S. after exiting in 2022 due to regulatory issues. The company acquired CFTC-approved exchange QCX for its return. A $2 billion investment from Intercontinental Exchange valued Polymarket at $9 billion.

Top U.S. lawmakers are meeting with major crypto industry figures in a private roundtable on Oct. 22 to discuss digital asset legislation and DeFi regulation. Participants include executives from Coinbase, Ripple, Chainlink, and Uniswap. The meeting aims to revive stalled legislative progress and rebuild trust between Democrats and the industry.

Vitalik Buterin introduces the GKR protocol, a breakthrough proof system for faster and more efficient zero-knowledge computations on Ethereum. The protocol simplifies complex cryptographic proofs and supports the network’s vision for 2025. It aligns with Ethereum’s move towards scalability and efficiency, offering a potential solution for handling large computations with minimal on-chain overhead.

Hyperliquid founder Jeff Yan defended the platform’s prioritization of trader interests over protocol revenue during the October 10 market crash. He stated that the Auto-Deleveraging (ADL) mechanism saved users millions by closing profitable short positions at favorable prices. Yan also emphasized the platform’s onchain transparency compared to centralized exchanges.

Japan is exploring the possibility of allowing banks to buy and hold cryptocurrencies like Bitcoin. The country’s Financial Services Agency is considering new regulations to manage the risks associated with bank-held cryptocurrencies. This move could lead to bank groups registering as cryptocurrency exchanges, expanding access for retail investors. Additionally, Japan’s largest banks are collaborating on…

Chinese tech giants Ant Group and JD.com have put their plans to issue stablecoins in Hong Kong on hold following concerns raised by Beijing about privately controlled currencies. The People’s Bank of China expressed worries about allowing private companies to issue currencies, contrasting earlier enthusiasm for renminbi-based stablecoins as a response to U.S. dollar dominance.…

Major players in the crypto mining industry are shifting towards artificial intelligence (AI) and high-performance computing (HPC) to hedge against cryptocurrency market volatility and capitalize on emerging trends. Companies like Bitdeer Technologies, TeraWulf, Riot Platforms, Cipher Mining, and IREN Ltd. are transforming their operations to embrace AI, leading to significant stock price increases and positioning…

NFT sales volume has reached $161.7 million, with Ethereum leading at $102.7 million. Market participation has increased significantly, with the number of buyers up by 126% and sellers by 124%. The global crypto market cap has decreased, but the NFT sector shows signs of recovery.