Crypto news

Crypto market maker and liquidity provider Wintermute has proposed a fee switch framework for the Ethena protocol. The main objective behind this move is to establish revenue alignment with sENA token holders and clarify Ethena’s protocol revenue structure. Wintermute’s Fee Switch Proposal According to Wintermute, sENA holders – those who have staked their Ethena tokens – do not benefit directly from Ethena’s revenue growth despite the protocol’s success with the USD-pegged...

Gary Wang, the co-founder of the now-bankrupt cryptocurrency exchange FTX, is seeking to avoid prison time as he awaits sentencing scheduled for November 20 in Manhattan federal court. He has asked a federal judge to consider his cooperation in the fraud trial against his long-time friend and former FTX CEO, Sam Bankman-Fried, also known as SBF. Cooperation and Lesser Role in Fraud According to a Bloomberg report citing his sentencing memo filed on Wednesday, Wang’s attorney,...

In the first FOMC meeting after the November US presidential elections, the nation’s central bank cut the interest rates by 25 basis points, which was what the market and experts anticipated. Bitcoin’s price, which is typically very susceptible to US-related news, was already at all-time high levels of just shy of $77,000 and remained relatively still. It has been a big week for the world’s largest economy as the nation elected a new president on Tuesday, who presents an...

[PRESS RELEASE – New York, New York, November 7th, 2024] Bitcoin L2 Labs, a new organization focused on advancing Stacks core development and Bitcoin L2 adoption, announced its official launch today. The team aims to lead the next stage of Stacks protocol development and foster innovation within the Bitcoin ecosystem, building on the recent launch of the Nakamoto upgrade. Key highlights of the announcement include: Bitcoin L2 Labs will take a leading role in Stacks Core...

[PRESS RELEASE – Wilmington, Delaware, November 7th, 2024] Rekt Brands Inc. (Rekt), the parent company behind the Rektguy NFT project, Rekt Drinks, and the Rekt brand intellectual property, is excited to announce the completion of a $1.5 million seed funding round. Funded exclusively by angel investors and the community—without institutional venture capital—this achievement highlights the support Rekt received from its loyal and growing network. This funding announcement...

TL;DR One particular meme coin experienced a substantial price boost after Coinbase listed perpetual contracts with the asset. Its surge contrasts the downtrend observed with some leading memes such as DOGE and SHIB today (November 7). Pumping Again The dog-themed meme coin Neiro (NEIRO) saw its price soaring by over 20% in the past 24 hours, reaching a three-week peak of around $0.002. Its market capitalization exceeded $900 million, thus positioning the asset as the...

Wyoming Senator Cynthia Lummis has reiterated her commitment to establishing a strategic Bitcoin (BTC) reserve for the United States. The lawmaker, known for her strong pro-crypto stance, highlighted these plans following the recent Republican victories in the Senate, more so of largely digital asset-friendly legislators. Senator to Move Forward With Strategic BTC Reserve Bill In a November 6 post on X, Lummis confidently declared, “We are going to build a strategic Bitcoin...

Tron founder Justin Sun has offered Gary Gensler, the beleaguered chair of the U.S. Securities and Exchange Commission (SEC), a job. The offer came to light in a recent X post, in which Sun expressed his willingness to hire Gensler provided he could “genuinely treat the crypto industry with sincerity.” SEC Chair Gets a Lifeline This unexpected invite comes as the crypto community is celebrating Donald Trump’s return to the White House. Since he was last president, Trump has...

Seit seiner Entstehung hat Bitcoin sich als digitales „Gold“ etabliert. Sein begrenztes Angebot von 21 Millionen Einheiten und die dezentralisierte Struktur machen ihn resistent gegen Inflation und politische Einflüsse, was ihn für Investoren attraktiv macht, die ihr Vermögen absichern wollen. Für einige Finanzexperten liegt der Gedanke nahe, dass Zentralbanken ähnliche Überlegungen anstellen könnten, insbesondere angesichts wirtschaftlicher Unsicherheiten und Währungsabwertungen. Bitcoin...

Die Welt der Kryptowährungen wächst stetig, und Binance hat sich als dominanter Akteur auf diesem Markt etabliert. Mit einer breiten Palette an Funktionen und einem globalen Nutzerstamm bietet die Binance-App ein umfassendes Ökosystem für Bitcoin und andere Kryptowährungen. Aber was macht Binance zur besten Bitcoin-App? Die Antwort liegt in ihrer Funktionalität, Sicherheit und Innovation. Umfangreiche Funktionen für jeden Bedarf Binance bietet nicht nur eine Plattform für den einfachen Kauf...