Crypto news

Pump.fun, a memecoin launchpad that launched in January 2024, has quickly become one of the hottest platforms in the crypto industry, recently surpassing $100 million in total cumulative revenue for its developers. According to a dashboard maintained by Dune Analytics, this figure reflects the platform’s remarkable growth, along with users’ interest. Pump.fun obtains its revenue from a 1% charge on each transaction, which is quite appealing to the developers. However, to sustain the future...

There has been a shift in the Ethereum market, as rising exchange reserves signal a potential new distribution phase coinciding with growing concerns over a death cross. This is evidenced by CryptoQuant’s Ethereum Exchange Reserve metric, which tracks the amount of ETH held in exchange wallets. Ethereum in Jeopardy When the metric rises, it often suggests that traders are moving their ETH onto exchanges, preparing to sell, which can increase supply pressure and contribute to...

Cardano introduces the Chang hard fork, a step towards decentralized governance. The new governance system includes DReps and a tricameral layout to ensure balanced decision-making. The Cardano blockchain has taken an immense step toward decentralized governance with the release of the Chang hard fork. At 10:44 p.m. London time on Sunday, Cardano began handing control of its $13 billion blockchain to holders of its native ADA coin. This is the first stage of the blockchain’s shift to a fully...

The Chief Legal Officer at Ripple Stuart Alderoty has publicly criticized the U.S. Securities and Exchange Commission (SEC) over its use of the phrase “crypto asset security.” In a post published on his official X account, the lawyer argued that the term is a made-up concept that has no legitimate grounding. Lawyer, Court, Call Out Commission for Use of Phrase In addition, Alderoty accused the financial watchdog of using the words to mislead judges and the public in its legal...

Alongside a lackluster market, there has been a significant decline in whale activity across most major crypto assets. According to the latest analysis by Santiment, Bitcoin and Ethereum are seeing noticeable drops in $100k+ transactions. Whale Activity Plummets During the highly active period of March 13-19, Bitcoin saw 115.1k transactions valued at over $100k each, reflecting intense activity from large holders. However, by 21-27 August, this number had nearly halved to...

TL;DR A blockchain-based game within the Shiba Inu ecosystem, is now available on iOS, allowing players to use their Shiboshi NFTs in missions and battles. Recently, the SHIB team upgraded another game within the ecosystem called Shiba Eternity. iPhone Users Get Ready According to an announcement by PlayWithShib, Agent Shiboshi (a game developed as part of the Shiba Inu ecosystem) is now available on iOS. The development follows “an amazing response” from Android users....

New York, NY, September 3rd, 2024, Chainwire Forgd, a token advisory and optimization platform, announced the launch of its free-to-use web platform, which provides blockchain projects unrestricted access to tools for tokenomics design, liquidity monitoring, cap table management, and financial planning. Forgd eliminates financial barriers associated with traditional Web3 Advisory and consolidates an otherwise fragmented services industry built to support blockchain projects as they issue a...

The Middle East is making strides in crypto adoption and regulatory development. Qatar now adds to that by introducing a comprehensive digital assets framework. More specifically, the regulations were introduced in the Qatar Financial Centre (QFC) by the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA). Like the UAE’s multiple free zones, the QFC is an independent economic zone aimed at fostering businesses and innovation in various fields. It...

Bitcoin miners made the lowest revenues in August since September 2023 as the network’s mining difficulty peaked at the highest it has ever been on August 31. August marked the worst month in revenues for Bitcoin miners this year and since September 2023. They mined a total of $827.56 million last month following a trend of reducing mining rewards since April’s halving event that reduced block rewards to 3.125 BTC. August’s revenues saw a 10.5% reduction from July when miners netted $927.35...

The Financial Times (FT) received Telegram’s financial statements, which reveal how intertwined digital assets are for the company’s revenues and worth. A Financial Times report dived into the financial health of Telegram, as the company has been the talk of news cycles with the arrest of its founder, Pavlov Durov, in France. It revealed the importance crypto plays in the firm’s financial health through various methods, including asset appreciation and revenues. Crypto Runs Deep in Telegram’s...