Crypto news

A Southern District of New York Bankruptcy Judge has approved Celsius Network’s request to serve legal notices via non-fungible token (NFT) airdrops. Celsius, currently undergoing insolvency proceedings, seeks to recover funds from allegedly fraudulent transfers to unidentified digital wallets. Alternative Solution Following its bankruptcy, the company sued to void the fraudulent transfers and recover additional funds for its creditors. However, due to the anonymous nature of...

The Chairman of the US Securities and Exchange Commission, Gary Gensler, took to X to announce that he will be stepping down from his position on January 20th, 2025. Gensler published a thread on his account on X, confirming what many already suspected. He will step down from his position on January 20th – the day Donald Trump is to be inaugurated as the 47th President of the United States. “The SEC is a remarkable agency. The staff & the Commission are deeply...

[PRESS RELEASE – Abu Dhabi, UAE, November 21st, 2024] Coinshift, a prominent name in onchain treasury management, has launched csUSDL: a liquid lending token (LLT) designed to optimize reward opportunities, security, and transparency for both individual and institutional investors. The announcement follows the release of the new Coinshift Business, which integrates payments and accounting services offered at no charge for DAOs and onchain businesses. The innovative treasury...

[PRESS RELEASE – London, United Kingdom, November 21st, 2024] Ike is proud to announce the official launch of its Liquid Staking Token (LST), sA0, on Aleph Zero. This milestone provides the Aleph Zero community with a new way to engage with the network by offering staking flexibility without compromising on rewards. What Is sA0? sA0 is Ike’s native Liquid Staking Token, designed to enhance the staking experience on Aleph Zero. With sA0, users can stake their AZERO tokens to...

[PRESS RELEASE – Palo Alto, California, November 21st, 2024] Integration to enhance DeFi use cases on Aptos, expand interoperability, and streamline global payment solutions for merchants. Aptos Foundation today announced the upcoming integration of Circle’s native USDC and Cross-Chain Transfer Protocol (CCTP) on the Aptos Network, as well as Stripe adding support for Aptos in its crypto products. These integrations make Aptos the home for interoperable DeFi and the fastest,...

Gary Gensler, the current chairman of the U.S. Securities and Exchange Commission (SEC), confirmed on Thursday that he will be stepping down from his role starting in January.  Gensler confirmed the news in an announcement on Twitter and a post to the SEC’s website, saying it had been an “honor of a lifetime” to “ensure that our capital markets remain the best in the world.” “I thank President Biden for entrusting me with this incredible responsibility,” Gensler added. “The...

Sui Network suffered a major disruption on November 21st after failing to produce blocks on its mainnet, which effectively brought the blockchain to a standstill. Following a two-hour downtime, the network resumed operations, once again processing transactions. Sui Network Restored After Downtime According to the official announcement by the team behind the Layer 1 network, the outage was caused by a bug in the transaction scheduling logic that led to validator crashes. “The...

Sky, the DeFi lending protocol that was formerly known as Maker, has rolled out its USDS stablecoin on the Solana blockchain. According to the official announcement, Sky said the launch positions USDS as “the first major DeFi-native stablecoin on Solana,” offering new avenues for borrowing, lending, and trading on the blockchain’s leading DeFi platforms. “Today’s launch marks the first step in Sky’s strategy to increase Solana’s DeFi liquidity and TVL. With pending governance...

In an effort to tackle electricity shortages, Russian officials disclosed plans to suspend cryptocurrency mining in several regions this winter. The ban will impact the Irkutsk region, portions of Buryatia, the Zabaikalsky region in Siberia, and six North Caucasus areas, including Chechnya and Dagestan. Mining will also be prohibited in the Russian-controlled Ukrainian regions of Donetsk, Luhansk, Zaporizhzhia, and Kherson. The mining suspension in Siberia will last from...

Bitcoin reached a new peak of $95,000 hours ago but was rejected and pushed south by over a grand within minutes. Although it has recovered some ground, many altcoins, especially from the meme coin niche, have plummeted hard, leaving over $400 million in liquidations on a daily scale. The specific dump is evident by the plunging meme coin market cap. While that of the entire crypto market has dropped by 2.3% over the past 24 hours to $3.2 trillion on CG, the meme coins have...