Crypto news

What a week! Better yet, what a month! Did you know that Bitcoin has never had a month as good as February 2024? That’s right, the cryptocurrency closed its best-yet candle, and we haven’t even gone through the halving yet. The pre-halving anticipation of higher prices is palpable as spot Bitcoin ETFs continue to see outrageous inflows. The total cryptocurrency market capitalization exploded to $2.4 trillion (per CoinGecko) as BTC charted a 21.3% increase in the past seven...

[PRESS RELEASE – Palo Alto, California, March 1st, 2024] Using OpenRank, developers and web3 companies can build consumer apps where people can discover, use, fund, read, or buy something on-chain without worrying about getting spammed or scammed. Karma3 Labs has raised $4.5M in seed funding led by Galaxy and IDEO CoLab Ventures to build OpenRank, a decentralized reputation protocol. Using OpenRank, developers and web3 protocols can power consumer apps, communities and...

BlackRock’s IBIT spot Bitcoin exchange-traded fund (ETF) has reached $10 billion in assets under management (AUM) within seven weeks of its launch on January 11. The fund now holds over 162,000 Bitcoin, making it one of the few ETFs to surpass the $10 billion mark. Spot Bitcoin ETF Performance Nate Geraci, president of the ETF store, provided context for IBIT’s achievement, highlighting that only a fraction of ETFs globally have surpassed the $10 billion AUM mark, with the...

[PRESS RELEASE – Grand Cayman, Cayman Islands, March 1st, 2024] Ondo launches native access to tokenized real-world assets on Sui Sui, the Layer 1 blockchain that offers industry-leading performance and infinite scaling, has announced that Ondo Finance’s yield-bearing stablecoin alternative is now live on the network and available for immediate use by builders, developers and their end users. Ondo’s US treasury-backed and interest-bearing token, USDY, is the Sui Network’s...

[unable to retrieve full-text content]CoinspeakerWorldcoin’s WLD Dips 6% after Elon Musk’s Lawsuit against OpenAI Musk argued that the launch of ChatGPT-4 represents a significant departure from OpenAI's core principles. Worldcoin’s WLD Dips 6% after Elon Musk’s Lawsuit against OpenAI

[unable to retrieve full-text content]CoinspeakerBinance Futures Launches Toncoin (TON) Perpetual Contracts with Up to 50x Leverage Although the TON token is not available for spot trading on Binance, the exchange has launched perpetual contracts for Toncoin. Binance Futures Launches Toncoin (TON) Perpetual Contracts with Up to 50x Leverage

[unable to retrieve full-text content]CoinspeakerMassive Crypto Token Unlocking Scheduled for March, Arbitrum to Lead In addition to Arbitrum, other networks like Sui, Aptos, and Optimism are set to unlock millions of tokens in the market this month. Massive Crypto Token Unlocking Scheduled for March, Arbitrum to Lead

[unable to retrieve full-text content]CoinspeakerCoinbase’s Triple Threat: Withdrawals, Outages, and Glitches Yesterday, when Coinbase faced outage, the stock price level dropped from $205 to $195, causing a downfall of approximately 5%. Coinbase’s Triple Threat: Withdrawals, Outages, and Glitches

[unable to retrieve full-text content]CoinspeakerBitcoin Closes February Up 44%, Analysts Predict Further Rally A report by JPMorgan forecasts a potential correction in BTC price to as low as $42,000 following the April halving when miner rewards will be halved for the fourth time in Bitcoin's history.  Bitcoin Closes February Up 44%, Analysts Predict Further Rally

[unable to retrieve full-text content]CoinspeakerEthereum L2 Network Blast Launches Its Mainnet and Unlocks $2.3B in Locked Funds The Blast mainnet is now live, allowing over 180,000 users to unlock about $2.3 billion worth of funds, which attracted $85m in annual yield. Ethereum L2 Network Blast Launches Its Mainnet and Unlocks $2.3B in Locked Funds