Day: January 25, 2024

Tesla Did Not Buy or Sell Any Bitcoin in the Lead Up To Spot ETFs

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Sygnum Closes $40M Round As the Crypto Bank Nears ‘Unicorn’ Status

“The broader industry is emerging from the ‘crypto winter,’ and investors and market participants are increasingly seeking to partner with trusted and well-managed financial institutions,” Gerald Goh, the firm’s co-founder and CEO of its Singapore operations, said in a release. “For Sygnum, this fundraise will allow us to further build out our suite of fully regulated solutions to support investors as they increase their exposure to the asset class. Source

SOL Price Recovery Could Soon Fade If Solana Fails To Clear This Hurdle

Solana is attempting a recovery wave from the $80 zone. SOL price could struggle to clear the $92 and $94 resistance levels in the near term. SOL price started a fresh decline from the $104 resistance against the US Dollar. The price is now trading below $95 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $85.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could start another decline if it fails…

Market Rebound Signals Bottom As Grayscale Selling Slows Down

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Since the approval of Bitcoin ETF applications by the US Securities and Exchange Commission (SEC) on January 11, followed by the commencement of trading a day later, the ETF race has witnessed impressive trading volumes on each trading day. As the market recovers from a sharp correction, recent developments indicate a notable slowdown in Grayscale selling, which could potentially signal a rebound for the Bitcoin price following the recent 20% drop. Market expert James Mullarney and Bloomberg ETF expert Erich Balchunas provide key insights into Bitcoin ETF fund flows after…

Lido DAO Rebukes LayerZero by Endorsing Rivals Wormhole, Axelar for Crypto Bridge

“By unilaterally deploying a bridge and marketing it in an official-seeming way, it feels like you are trying to pressure the DAO into accepting your proposal to avoid liquidity fragmentation and bad UX for users,” Hasu, a Lido strategic advisor, said in the Lido DAO forums. “Driving users to it through marketing makes accepting an alternate bridge proposal more painful. These actions put the DAO, Lido stakers, and participating chains in a difficult position.” Source

Ethereum Is The Biggest Winner In Post-ETF Approval Market: Glassnode

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While Bitcoin has struggled since the much-anticipated spot ETFs have gone live, Ethereum has emerged as a winner in the sector. Ethereum Has Done Better Against Both Bitcoin And Altcoins Recently In its latest weekly report, the on-chain analytics firm Glassnode has discussed how Bitcoin, Ethereum, and the altcoins have performed against each other recently. The cryptocurrency sector as a whole has enjoyed a net rise since BlackRock first filed for its exchange-traded fund (ETF) last year. The trend in the market caps of the three asset classes over the…

Solana Unveils Token Extensions As SOL Bounces Back, Surging 5%

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The Solana Foundation, a non-profit organization dedicated to decentralization, adoption, and security on the Solana network, has launched token extensions.   Solana Token Extensions Gains Traction According to a January 24 announcement, token extensions provide developers, enterprises, financial institutions, and Solana-native development teams with a comprehensive suite of turnkey solutions for advanced token functionality. Anatoly Yakovenko, co-founder of Solana and CEO of Solana Labs, commented on the launch, stating:  Token extensions build on the characteristics that make Solana the ideal destination for developers. Solana is the first network to offer this level…

Crypto Fear and Greed Index drops to 100-day low

The Fear and Greed Index fell to its lowest levels in 100 days as Bitcoin (BTC) fell below the $40,000 mark for the second time in a week. Against the backdrop of changes to BTC and the cooling of the market in the wake of the widely anticipated spot BTC exchange traded funds (ETF), the Fear and Greed Index has moved into the neutral zone indicating a decrease in the interest of potential investors in cryptocurrency. Alternative.me The Fear and Greed Index is a scale from 0 to 100 with 0…

Crypto Wallets Drained Off $600K Due To Ignored Phishing Attack

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On January 23, Wallet Connect and other web3 companies informed their users about a phishing scam using official web3 companies’ email addresses to steal funds from thousands of crypto wallets. A Massive Phishing Campaign Wallet Connect took X to notify its community about an authorized email sent from a Wallet Connect-linked email address. This email prompted the receivers to open a link to claim an airdrop, however, the link led to a malicious site and, as Wallet Connect confirmed, it was not issued directly by the team or anyone affiliated.…

Dogecoin Blockchain Immortalizes 1993 Video Game ‘Doom’

In a nostalgic nod to the past, Dogecoin has become the integral host for the iconic first-person shooter DOOM, which once haunted the sleepless nights of gamers with its chunky pixel and bloodthirsty demon glory back in 1993, embarking on a futuristic journey within the Dogecoin blockchain. This unexpected union has been made possible through the utilization of a novel feature known as “Doginals,” an innovation that has forever etched the entire first level of DOOM into the decentralized and constantly evolving Dogecoin network. DOOM Finds Happy Home In Dogecoin…