In some ways, the release of EigenLayer’s native EIGEN token this week was as expected; price rapidly rose moments after it was listed on exchanges, leading to a period of price discovery that culminated in a 22% slide from it’s momentary record high. But there appears to be a storm brewing behind the scenes, with several investors and community members calling foul on a lack of transparency over the token’s supply. Source
The Ice Open Network went parabolic this week ahead of its mainnet launch, as more centralized exchanges listed it. ICE token listings The Binance-based Ice Open Network (ICE) surged to a high of $0.0097, its highest level since Feb. 24, and over 202% above its lowest level in August. It then erased some of this week’s gains, dropping to a low of $0.0080 as the bullish momentum faded. According to the developers, the token has been listed on 22 centralized exchanges, including LBank, Tapbit, Deepcoin, and Coinstore. The most recent…
Swan Bitcoin has filed a lawsuit against some of the former employees of its mining venture for allegedly stealing proprietary software and trade secrets to launch a competing firm, Proton Management. In a Sept. 25 lawsuit filed with a Los Angeles federal court, Swan alleged that six of its former staffers conspired to “harm Swan’s ability to compete in the market” by stealing what the filing dubbed as “crown jewels” from its mining business. Founded in 2019, Swan Bitcoin offers financial services for investors and branched out to the mining…
Stepn, the Web3 move-to-earn app, has announced a new partnership with Adidas, the German sports apparel company, to issue a second Genesis Sneakers collection. Stepn qualified this new partnership as a milestone for the adoption of its Stepn Go app. The two companies will issue 1,000 co-branded Genesis Sneakers based on 4 different designs inspired […] Source CryptoX Portal
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…
Iggy Azalea is set to shock the online gambling world with the launch of her new crypto-powered casino, Motherland, in November 2024. Powered by her Solana memecoin, MOTHER, the casino will offer a variety of games, including slots, blackjack, roulette, poker, and sports betting. The launch is part of Azalea’s broader strategy to build a […] Source CryptoX Portal
South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships and global initiatives like Project Agora highlight the broader impact of […] Source CryptoX Portal
Este artículo también está disponible en español. Grayscale’s XRP trust has grown noticeably since launch, a development which spells positive momentum for the digital asset. As one of the leading cryptocurrency asset managers in the world, Grayscale’s decision to unveil the first XRP trust in the US last week signaled the beginning of an institutional influx of funds into the cryptocurrency. Since its debut, the Grayscale XRP Trust has performed remarkably well. Data indicates that the trust’s value has surged by 11.44%, a clear indication of strong demand from institutional investors.…
Hut 8 Corp. has announced an expanded partnership with Bitmain Technologies, unveiling the U3S21EXPH, a next-generation ASIC miner. The launch represents a significant milestone, with plans for deployment in Q2 2025 and a potential transition to self-mining through a purchase option. Hut 8 and Bitmain Partner on Innovative Miner to Boost Bitcoin Mining Infrastructure The […] Source CryptoX Portal
Bitcoin miner Hut 8 is expanding its partnership with Bitmain to introduce a new ASIC miner with direct liquid-to-chip cooling, set to deploy in Q2 2025. Miami-headquartered crypto mining firm Hut 8 has expanded its partnership with Bitmain, announcing the upcoming launch of the U3S21EXPH, a next-generation ASIC miner capable of reaching up to 860 TH/s. In a Sept. 19 press release, the company the miner, which is scheduled for deployment in Q2 2025, is the first mass-commercialized ASIC model to feature direct liquid-to-chip cooling in a U-form factor. “We…