News

PocketFi Prepares for Governance token TGE, $Switch

PockeFi is a platform that simplifies complex DeFi tasks, offering users easy access to services like cross-chain token swaps, staking, yield farming, and copy trading, via its Telegram Mini-App.  It has recently acquired over 9 million users, positioning itself as one of the most popular Telegram-based DeFi platforms. It has initiated preparations for the upcoming …

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MEXC to Delist $RIO and $RUNECOIN from Futures Trading

MEXC has announced its decision to delist $RIO and $RUNECOIN perpetual futures trading pairs on October 10, 2024, at 09:00 UTC. This move has raised eyebrows in the crypto community, as it could influence market behavior for these assets and impact traders holding positions in these pairs. Impact on Traders: Reasoning Behind the Delisting:

BLOCX halving

BLOCX. undergoes halving; block rewards reduced by 20%

BLOCX. has successfully completed its 9th halving, reducing block rewards by 20%, a crucial milestone that moves the project further along its roadmap. This halving is designed to control the supply of BLOCX., creating a more scarce digital asset, which could lead to increased long-term value. It also promotes the sustainability and longevity of the …

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Vitalik Buterin meme

Vitalik Buterin sells $300k of memes & USDT to buy ETH

Vitalik Buterin’s Ethereum wallet made a significant transaction yesterday, converting several meme coins and Tether’s USDT into ETH. Over the past year, various meme token developers had sent these tokens unsolicited to Buterin’s wallet. Afterward, Buterin sent 100 ETH (around $242,000) to the “Free Alexey & Roman” campaign, which supports the legal defense of Tornado …

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UAE Eliminates Taxes on All Crypto Transactions

The United Arab Emirates (UAE) has announced the elimination of taxes on all cryptocurrency transactions, marking a significant move in fostering a crypto-friendly environment, this decision to remove Value Added Tax (VAT) on cryptocurrency and digital asset transfers, was highlighted across various social media platforms, indicating a wave of excitement and bullish sentiment among crypto …

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Binance Market Share Declines Amidst Rising Competition

September 2024 marked a notable shift in the cryptocurrency exchange landscape as Binance, the largest crypto exchange by trading volume, saw a significant drop in its market share. According to blockchain analytics firm CCData, Binance’s share in the derivatives market fell to 40.7%, its lowest since September 2020. Additionally, its spot trading volume dropped by …

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Lego hacked

Toymaker Lego hacked for 1.5 hours; scam coin promoted

LEGO Group recently addressed a security breach involving a phishing scam promoting a fake “LEGO Coin” token, which briefly appeared on their homepage following a hack on October 5. The scam was first noticed by “ZTBricks,” an X user and LEGO fan, who shared screenshots showing a fake message urging users to buy the token …

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October Brings Excitement with OpenEx and Tomarket Token Generation Events

October 2024 is set to be a notable month for the cryptocurrency world, with two key Token Generation Events (TGEs) taking center stage: OpenEx ($OEX) and Tomarket ($TOMATO). These events mark crucial milestones for both platforms, offering fresh opportunities for investors to engage at the ground level. OpenEx: A Community-Driven TGE OpenEx has built a …

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Ondo Finance's USDY Token

USDY Surpasses Franklin Templeton’s FOBXX, Reaches $439M TVL Milestone

Ondo Finance has announced that its USDY token has achieved a major milestone, becoming the second-largest tokenized U.S. Treasury asset with over $439 million in total value locked (TVL). This development positions USDY ahead of Franklin Templeton’s FOBXX and highlights the growing interest in tokenized financial products, which offer blockchain-based access to traditional assets like …

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$2.2 Billion Raised in 2024 as Crypto Venture Capital

The crypto market has seen a surge in venture capital investments in 2024, with over $2.2 billion directed towards key blockchain sectors. Despite market volatility, major areas such as DeFi (Decentralized Finance), Solana, DePin (Decentralized Physical Infrastructure Networks), and Real World Assets (RWA) tokenization have captured investors’ attention. DeFi remains a primary focus, offering alternatives …

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