Category: crypto

The weekly crypto funding totaled $351 million across 13 projects, with Flying Tulip leading with a $200 million seed round. DeFi and finance startups dominated the funding, with other projects like xMoney, Lava, and AmbrusStudio also securing significant investments. Various other projects received funding ranging from $1 million to $15 million.

NFT sales volume has more than doubled, reaching $256.9 million, with a significant increase in buyers and sellers. Bitcoin and Ethereum prices have surged, leading to a rise in the global crypto market cap. Hypurrr collection dominates NFT sales, followed by Moonbirds and CryptoPunks. Ethereum remains the leading blockchain for NFT sales.

Bitcoin has seen a resurgence in popularity with $985 million worth of transactions in a single day. The total value of Bitcoin in circulation has surpassed $60 billion and continues to grow. This indicates a growing interest and investment in the cryptocurrency.

The Enforcement Directorate in India has uncovered a $90 million money laundering operation by OctaFX involving cryptocurrency. Cyber fraud losses for Indians have increased by 206% in 2024. The investigation revealed the use of shell firms, fake imports, and hawala to move crime funds into crypto. The ED has seized $19 million in assets across…

While some coins have recovered key levels in the market rebound, the broader altcoin market remains bearish. Investors are waiting for multiple ETF decisions that could potentially spark the altcoin season this month. Despite some tokens showing gains, most altcoins are still struggling to break out of consolidation.

OpenLedger is launching a token buyback program for its native coin OPEN using corporate income to repurchase tokens and increase liquidity. The price of OPEN surged from $0.47 to $0.53 after the announcement, showing bullish momentum. The buyback program aims to enhance confidence and support growth in the ecosystem.

Japanese gaming company Mobcast Holdings plans to invest $10 million in Solana (SOL) through a new treasury strategy. The move aims to strengthen the company’s financials and boost shareholder value. This is part of a trend of public companies investing in Solana, with nearly 20 companies holding a total of 17.80 million SOL.

Bitget is supporting UNICEF’s global Game Jam hackathon to empower youth in eight countries to create video games. They are also developing UNICEF’s first blockchain training module for video game production. Bitget aims to equip young people with digital skills, especially girls, through this initiative and their partnership with UNICEF.

Bitcoin options are mainly clustered between $100,000 and $120,000, with some traders betting on moonshot options at $300,000. Analysts attribute this to positive ETF inflows driving Bitcoin’s bullish momentum. The market shows optimism with calls at $130,000 and interest in upside exposure, reflecting institutional capital inflows.

The US stock market rallied as Wall Street downplayed the government shutdown and AI deals boosted momentum. Major indexes hit record highs despite a delayed jobs report. The Dow Jones, S&P 500, and Nasdaq rose. Greed dominates sentiment, with AI deals leading to more investor bets. Analysts suggest the market is in a “manic” zone.