Last week, a jury in New York declared Terraform Labs and its founder Do Kwon guilty of fraud charges. Meme coins had an average return of 1,312% in the first quarter (Q1), and Ripple wants to launch a USD-backed stablecoin. Here’s our weekly recap. Do Kwon guilty The Do Kwon saga took a new turn this week...
ARK Invest CEO and chief investment officer Cathie Wood is urging the U.S. to follow Hong Kong’s example in regulating cryptocurrencies. Wood expressed the sentiment in a dialogue at the latest edition of the Hong Kong Web3 Festival, where she spoke on several key topics shaping the future of the blockchain and crypto industries. During the conversation, she praised...
Among the top cryptocurrencies to watch in the days ahead are Nervos Network (CKB) and PENDLE, which surpassed multiple resistance levels. In contrast, Wormhole (W) experienced a price decline shortly after its debut. Despite the price increases observed in select cryptocurrencies, the broader market saw a marginal downturn. The global crypto market cap shed over $111...
The price of dog-themed meme coin Dogecoin (DOGE) shot up 10.1% to go above the $0.20 mark over the past 24 hours. The meme coin has been on an upward trend in the last couple of days, gaining 7% on April 6 to surpass $0.18 after a period of stability earlier in the week. Analysts attributed the...
Ethereum layer-2 blockchain LightLink secured $6.2 million in funding during an extended seed round. Institutional and individual investors participated in the effort. “No further rounds planned [at the moment],” the company stated in a social media post on Saturday, April 6. LightLink extended the seed round due to high demand from investors. The startup ended up receiving an additional...
While FTX creditors decried unfair bankruptcy proceedings and decisions, the defunct crypto business offloaded a trove of Solana tokens at a massive discount. FTX’s estate, under bankruptcy administrators led by CEO John J. Ray III, traded 25-to-30 million Solana (SOL) coins well below market prices as the company tried to plug a $16 billion hole left...
Binance recently completed integrating 35 new decentralized applications into its web3 wallet. Popular platforms such as Aevo, Ambient Finance, and BAC Games have been added as new additions. The update allows users to directly access and interact with a wide range of decentralized applications (dApps) for various purposes, including gaming, finance, and trading, through the wallet. The Web3...
A solo miner mined a single block of Bitcoin and earned 6.36 BTC before the impending halving. On April 5, a solo miner with an equipment hashrate of 7 PH/s keyed block #837,814 into the blockchain of the first cryptocurrency. According to Mempool, the user received a total of 6.36 BTC, the equivalent of $422,750 at...
The volume of venture investments in the crypto industry reached $2 billion in the first quarter of this year. Crypto Koryo experts noted that the $2 billion figure broke a two-year downward trend and notched a 38% increase in investments compared to the fourth quarter of 2023. The number of transactions increased by 49% to 250. Although...
Ethena Labs’ synthetic dollar has surged to a $2 billion market cap less than two months after the protocol released its product on Ethereum’s public mainnet. Launched in February, the market cap of stablecoin USDe has grown over 147% in the last 30 days, per DefiLlama. CoinGecko categorizes the cryptocurrency as the fifth largest token in...
