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Solana Foundation Deletes Controversial Ad After Crypto Community Backlash
The Solana Foundation has faced a significant backlash after removing a controversial advertisement from its official X account. The ad, designed to promote the Solana Accelerate conference, drew ire for its politically charged content regarding gender identity and pronouns. Posted on March 17, it quickly became a focal point for criticism within the crypto community.…
Continue ReadingLessons from the Bybit Hack
The recent security breach at Bybit, one of the largest cryptocurrency exchanges by trading volume, has once again spotlighted the vulnerabilities that plague the digital asset ecosystem. Estimated losses from the breach hover around $1.5 billion, a staggering amount that showcases the critical importance of robust security measures within the crypto space. This incident revolved…
Continue ReadingETH price prospects dim as Ethereum DEX volumes drop 34% in a week
Ether’s recent downward trajectory below the $2,200 mark has stirred concerns within the crypto community, reflecting a 14% decline in March alone, a stark contrast to the broader market’s modest 4% drop during the same period. This sharp decline in Ether’s price has exacerbated negative sentiment among investors, raising worries over potential further corrections. One…
Continue ReadingFour.Meme Suffers Another Security Breach, $130K Stolen in Latest Attack
The BNB Chain-based meme coin launch platform, Four.Meme, has once again fallen victim to a cyber attack, this time resulting in the theft of approximately 200 BNB, valued at around $130,000. PeckShield reported the incident, highlighting that the stolen funds were swiftly transferred to FixedFloat, a non-custodial cryptocurrency exchange. Four.Meme Falls Victim Once More Blockchain…
Continue ReadingSolana CME Futures Fall Short of Bitcoin (BTC) and Ethereum’s ETH Debut, But There’s a Catch
Solana’s SOL futures began trading on the Chicago Mercantile Exchange (CME) this past Monday, marking a noteworthy event in the cryptocurrency derivatives market. Unlike the grand introductions of Bitcoin (BTC) and Ethereum (ETH) futures, Solana’s debut went largely unnoticed. The first day of trading yielded $12.3 million in notional volume and left $7.8 million in…
Continue ReadingBitcoin price volatility ramps up around FOMC days — Will this time be different?
At the start of the week, Bitcoin (BTC) faced pressure from sellers, with its price dropping from $84,500 on March 17 to $81,300 as of the latest reading. This downturn appears to be linked to the Federal Open Market Committee’s (FOMC) two-day meeting scheduled for March 18-19. Historically, FOMC meetings serve as pivotal moments for…
Continue ReadingMetaplanet Launches ¥2 Billion Zero-Interest Bond to Fund Bitcoin Purchases
Metaplanet Inc. is making significant strides in the cryptocurrency space, having announced on March 18 that it issued ¥2 billion (approximately $13.3 million) in zero-interest ordinary bonds to bolster its Bitcoin reserves. This move is part of the company’s ongoing strategy to solidify its position as a major player in the digital asset market. Bond…
Continue ReadingWas the launch a dud, or is more to come?
Solana futures (SOL) were launched on the Chicago Mercantile Exchange (CME) on March 17, marking a significant moment for the cryptocurrency as it joined the ranks of other major digital assets like Bitcoin (BTC) and Ethereum (ETH) in the futures trading arena. On its inaugural day, SOL recorded a trading volume of $12.1 million, a…
Continue ReadingVitalik Buterin Sells 5K DHN Tokens for $124K, Triggering 50% Price Drop
Vitalik Buterin, the co-founder of Ethereum, has made headlines once more by selling 5,000 Dohrnii (DHN) tokens, which he received for free from Dohrnii Labs. This transaction, valued at approximately $124,000 (equivalent to 65 ETH), significantly impacted the token’s market value, leading to a swift decline of around 50%—plummeting from $38.505 to as low as…
Continue ReadingSolana’s Biggest Protocol Jito Claims Token Is Not a Security
Solana infrastructure project Jito has made headlines by asserting that its flagship token, JitoSOL, is not a security. This declaration is particularly noteworthy given JitoSOL’s substantial valuation of $2.4 billion. The assertion was articulated through a comprehensive “Securities Classification Report,” spanning 24 footnoted pages, which meticulously outlines the rationale behind this stance. Such a detailed…
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