Category: crypto

Hamster Kombat, a tap-to-earn gaming platform on Telegram, has launched Hamster Network, a Layer-2 blockchain on TON. This improves scalability and reduces costs for Web3 gaming and dApps. Hamster Network is the first gaming-focused Layer-2 solution on TON, offering efficient transaction handling and development tools. Additional features include a native wallet, asset bridge, DEX, and…

MicroStrategy stock has dropped over 55% from its peak, leading to concerns about the company’s ability to sustain its strategy of holding $43.7 billion worth of Bitcoin. While forced liquidation is a risk, the company’s debt structure and leverage ratio suggest insolvency is not imminent. The key question is whether MicroStrategy can continue raising capital…

The AlphaFutures market lost $2.24 billion in open interest following Bitcoin’s price drop to $88,000. CME’s significant decrease in open interest suggests that institutional investors are being cautious due to the cryptocurrency’s volatile market conditions.

Aya Miyaguchi will transition from executive director to president of the Ethereum Foundation. She aims to strengthen institutional relationships and expand Ethereum’s vision and culture. The foundation follows a decentralized leadership model, focusing on community-driven decision-making and fostering collaboration. Pressure over ETH’s performance has led to changes in management.

Binance CEO Richard Teng believes that the recent 8% decrease in crypto market cap is a tactical retreat, not a trend reversal. He attributes the dip to macroeconomic factors such as the Fed’s stance on interest rates. Teng emphasizes the importance of focusing on long-term industry fundamentals rather than short-term price fluctuations.

The US SEC closed its investigation into Uniswap Labs without taking enforcement action after over three years. Uniswap claimed victory for DeFi, arguing decentralized technology operates within the legal framework. UNI token price increased by 5%. Uniswap maintained it does not operate as a broker or exchange and UNI is not a security. Founder Hayden…

Cryptocurrency trading is booming in India, especially in smaller cities, as investors seek new opportunities due to slow job growth and tightening financial regulations. Trading volumes on top exchanges doubled last quarter to $1.9 billion. Young traders are turning to crypto for financial independence. Regulatory uncertainty remains despite growing interest.

Bybit launched LazarusBounty.com to fight crypto-related crime after a $1.5 billion hack. The platform collaborates with security firms to track illicit activity, rewards contributors, and alerts platforms to freeze stolen funds. Experts trace stolen funds, identify attackers, and deter cybercrime. The North Korean Lazarus Group is suspected in the hack.

El Salvador and Tokyo-listed Bitcoin treasury firm Metaplanet have increased their investments in Bitcoin following a recent price drop. El Salvador purchased 7 BTC, while Metaplanet acquired 135 BTC. Both entities aim to maximize Bitcoin yield, with Metaplanet targeting a 35% quarterly yield. Despite strategic investments, Metaplanet’s stock has declined.

Grayscale has applied to the SEC to launch a Polkadot ETF on Nasdaq, aiming to track DOT’s price performance. The ETF’s sponsors are Grayscale Operating LLC and Grayscale Investments Sponsors LLC, with BNY Mellon Asset Servicing overseeing administration. This is the second Polkadot ETF application this year, despite skepticism from some analysts.