Category: crypto

Strategy, formerly known as MicroStrategy, plans to raise capital through a Strife Preferred Stock (STRF) offering, issuing 5 million shares of Series A Perpetual STRF stock. The capital will be used for corporate operations, including Bitcoin acquisitions. Concerns have been raised about the financial risks of the offering, with analysts comparing it to the collapse…

BNB Chain has launched the Good Will Alliance to combat malicious MEV practices, starting with measures against sandwich attacks on Binance Smart Chain. The initiative aims to unite stakeholders to establish ethical standards and enhance security within the ecosystem. Initial actions focus on mitigating sandwich attacks through advanced filters. The alliance plans to expand further…

The Dubai Financial Services Authority (DFSA) is inviting firms to join its Tokenization Regulatory Sandbox by April 24, 2025. The initiative targets firms offering tokenized investment products. Eligible services include equities, bonds, and collective investment fund units. Successful applicants will receive regulatory guidance and testing opportunities. The initiative supports UAE’s pro-crypto stance.

The Solana Foundation faced backlash for a controversial video promoting technological progress in the United States, which sparked outrage in the crypto community. Despite defending the ad, prominent voices criticized the foundation for engaging in divisive political messaging and urged a focus on neutrality and inclusivity in the industry.

The Cronos community voted to restore 70 billion CRO tokens previously burned in 2021, increasing the total supply back to 100 billion. The decision, largely influenced by Crypto.com, sparked backlash among members who raised concerns over decentralization and the company’s influence. The move led to a drop in CRO’s price.

Four.Meme, a Memecoin launchpad on BNB Chain, faced a $130,000 loss due to an exploit. The platform suspended its launch function for investigation, but later resumed it after compensating affected users. The attack involved exploiting a vulnerability in the 0x7f79f6df function to manipulate liquidity and drain pool funds.

Ethena Labs and Securitize announced the launch of Converge, a layer-1 blockchain for institutional capital flows and integrating tokenized assets with DeFi. The initiative aims to provide a purpose-built network for financial applications, with a mainnet launch scheduled for the second quarter. It will support DeFi speculation and tokenized assets.

Standard Chartered has lowered its year-end price target for Ethereum (ETH) to $4,000, down from $10,000, due to structural weaknesses in the network’s economic model. The bank’s research report suggests that the rise of Layer-2 networks has reduced the value captured by Ethereum’s main blockchain, leading to concerns over its long-term viability.

Bitcoin’s price is currently being impacted by sell pressure from short-term holders, with long-term holders or institutional demand needed to absorb it. Institutional support has weakened, as shown by recent ETF outflows. Market data indicates that short-term holders are selling at a loss, contributing to downward pressure. Institutional investors’ response will be crucial in determining…

The Ethereum Foundation is responding to community feedback and considering changes to its operations, with a focus on project development and investment rather than research. There are concerns over ETH’s underperformance compared to other cryptos. The foundation has made organizational changes and established the Silviculture Society to gather community input.