Category: crypto

Canary Capital filed an S-1 form with the SEC to launch a crypto ETF linked to the PENGU token and Pudgy Penguins NFT collection, the first of its kind. The fund will invest in PENGU tokens and NFTs, along with holding SOL and ETH. This unconventional move follows previous filings for HBAR, AXL, and SUI…

Pump.fun has launched PumpSwap, a decentralized exchange built on Solana, eliminating migration fees and offering a fee structure similar to other DEXs. The launch aims to create a frictionless trading environment and align incentives between token creators and communities. The revenue of Pump.fun has decreased amid the cooling off of the memecoin craze.

BNB Chain introduced the Pascal Hardfork on March 20 to improve transaction efficiency and compatibility with the Ethereum Virtual Machine (EVM). This update includes EIP-7702, introducing smart contract wallets and gasless transactions. The network plans further upgrades in 2025 to enhance speed. DEX activity on BNB Chain has surged, outpacing Ethereum and Solana.

Coinbase is the largest single-node operator supporting staking activities on the Ethereum network, with 3.84 million ETH staked through 120,000 validators. They also stake an additional 581,500 ETH through partners. Despite legal challenges, Coinbase leads in staking compared to Binance and Kraken. Their validators have a strong track record of performance and security.

Kraken has agreed to acquire NinjaTrader for $1.5 billion, marking a significant step in integrating traditional finance and crypto markets. This move expands Kraken’s presence in the US futures sector and aims to create an institutional-grade trading environment. The deal also has potential regulatory implications and reflects a trend of consolidation in the industry.

Bybit CEO Ben Zhou reveals hackers are using Bitcoin mixers to launder $1.5 billion in Ethereum stolen from the exchange. The stolen funds are being distributed through various mixers like Wasabi Wallet, CryptoMixer, Railgun, and Tornado Cash. Despite laundering attempts, most of the stolen assets are still traceable. Bybit continues to investigate the breach, urging…

Jesse Knutson, Head of Operations at Bitfinex Securities, discusses the potential of tokenization in the finance industry. While successful pilots have shown the benefits of tokenizing assets, there is a concern that traditional financial institutions may co-opt this technology for their own purposes, limiting its democratizing potential. Regulators must ensure that tokenized products are accessible…

Bitcoin surpassed $85,000 after the Federal Reserve announced plans to slow quantitative tightening and potential rate cuts. Global markets surged, including crypto. Bitcoin rose to nearly $86,000 before settling at $85,363. Altcoins like Ethereum and Cardano saw minor growth, while XRP and BNB showed little change. The Fed’s economic forecasts indicate slow growth, with inflation…

Institutional investment in Bitcoin is growing, but the price has not reflected the demand. BlackRock’s Robbie Mitchnick believes a US recession could trigger Bitcoin’s next rally. Despite ETF outflows, institutional confidence remains strong. President Trump’s US Strategic Bitcoin Reserve shows support for Bitcoin, but uncertainty remains about government acquisition and management.

Solana Labs co-founder Anatoly Yakovenko expressed regret for downplaying the impact of a controversial Solana Foundation advertisement, calling it “mean and punching down on a marginalized group.” He thanked those in the Solana ecosystem who called it out and committed to refocusing on core mission of decentralization and open-source software development. The ad, titled “America…