The money will be used for growth initiatives for the Sonic protocol, which comes with “built-in mechanisms designed specifically for game development and execution on Solana, such as a sandbox environment, customizable gaming primitives and extensible data types, all while boasting the fastest on-chain-gaming experience,” according to the press release. Source
Crypto majors slid further during the European morning with some of the predominant altcoins and meme coins leading the plunge. SOL and DOGE were among the worst affected, currently trading 4.5% and 10% lower in the last 24 hours. Bitcoin fell below $66,000 to around $65,300, a dip of 0.9%, while ether is over 3.25% lower at $3,400. The CoinDesk 20 Index (CD20), which measures the broader digital asset market, is down just over 3% in the last 24 hours. Bitcoin ETFs also continued their dismal run, experiencing $145 million…
Renzo is part of a new class of “restaking” protocols built on EigenLayer, which takes users’ ether (ETH) tokens, deposited or “staked” as security on the Ethereum blockchain, and then repurposes them to secure additional networks, known as “actively validated services,” or AVS’. Source
Though only indicative, the tool may be a good indicator to watch as the masses are often driven by emotions and frequently the last to enter a bull market and exit a bear market. For instance, spikes in searches for BTC and Solana’s SOL occurred at the respective price tops in May 2021 and November 2021, respectively. Source
Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as 10%. Source
FTX collapsed in November 2022. The lawyers said that the jury found SBF stole no less than $8 billion from FTX customers. Bankman-Fried, who was also ordered to forfeit $11 billion, plans to appeal his sentence and conviction. “If not for SBF’s crimes for which he was convicted—i.e., the theft and misuse of customer assets—the customers would have today owned their crypto investments,” the filing said. Source
The graph comprises four quadrants: leading, weakening, lagging, and improving. The leading quadrant (top right) indicates strong relative strength and positive momentum, weakening (bottom right), strong relative strength but negative momentum. Lagging (bottom left) represents weak relative strength and negative momentum and improving indicates weak relative strength but positive momentum. Source
Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said. Source
The former president’s son Barron is spearheading the project, Pirate Wires reported on X, without naming its sources. Source
For the uninitiated, in prediction markets, individuals who predict the correct outcome are rewarded with $1 per share, whereas those who guess incorrectly earn nothing. The price of a share indicates the perceived probability of an event; for example, a share priced at 32 cents implies a 32% likelihood of that event occurring. Source