Category: crypto

Solana is experiencing a surge in memecoin activity and market speculation, similar to BNB Chain. While both platforms initially attracted high-frequency trading with low fees, Solana is now facing network instability and decreased developer contributions. The rise of memecoins has also led to criticism and challenges for both platforms.

Several filings for spot Solana (SOL) exchange-traded funds (ETFs) were added to the Federal Register on Feb. 18, with the US SEC having 240 days to approve or deny them. Grayscale’s filing for a Solana ETF was also included. Canary Capital announced an Axelar (AXL) trust for institutional investors. Axelar is a blockchain interoperability protocol…

Coinbase’s Chief Policy Officer urged US Congress to pass clear crypto regulations to prevent innovation from moving overseas and protect American consumers. The company emphasized the need for legislative clarity in the digital asset space and outlined key priorities including defining digital assets, overseeing crypto spot markets, and distinguishing between securities and commodities. Coinbase warned…

A recent report by Glassnode suggests that Bitcoin must stay above $92,500 to maintain bullish momentum. Historical patterns show that falling below this level could trigger a cascade of selling pressure. Market sentiment is shifting towards a risk-off trend, with open interest in memecoins declining rapidly.

Nigeria’s tax authority, FIRS, is demanding over $81 billion in unpaid taxes and penalties from Binance Holdings Limited. This claim includes economic damages, outstanding income tax, and penalties for tax evasion. FIRS alleges that Binance failed to disclose its business activities in Nigeria and violated tax laws, leading to economic harm.

Tether has launched TradeFi, a service designed to improve global trade through innovative financing solutions. The platform aims to simplify international trade by providing funding solutions that reduce costs and improve efficiency. Tether has also expanded its investments beyond stablecoins, investing in various sectors and acquiring stakes in diverse industries.

The decrease in Bitcoin UTXOs, transactions, and fees does not indicate a lack of demand for Bitcoin. Instead, it suggests that the network is becoming more efficient through UTXO consolidation, despite lower fees.

Binance.US has resumed USD deposits and withdrawals for US customers, transitioning from a crypto-only platform. Users can now use bank transfers for fiat services without fees. Despite legal challenges and regulatory issues, the exchange is optimistic about the future, with leadership changes at the SEC potentially leading to a turnaround in fortunes.

The 2025 Crypto Crime Report by Chainalysis revealed that sanctioned entities received $15.8 billion in crypto in 2024, accounting for 39% of illicit transactions. Iran and Russia turned to digital assets to evade sanctions, with the US OFAC targeting financial networks. Iran’s increasing reliance on crypto was evident, while Russia legalized crypto mining and international…

The Ethereum Foundation introduced the Open Intents Framework to improve interoperability across Ethereum layer-2 networks. Intents streamline cross-chain transactions, eliminating the need for multiple bridges and applications. Major players like Hyperlane and BootNode support the initiative. Despite advancements, fragmented liquidity and lack of interoperability remain challenges. The framework, based on ERC-7683 and Across, offers modular…