Elon Musk and Tesla recently won a significant legal victory, securing the dismissal of a lawsuit accusing them of manipulating the price of Dogecoin, resulting in $258 billion in damages. The lawsuit, which a group of investors filed, alleged that Musk and Tesla used various tactics, including social media posts, ... Read more
Bitcoin (BTC) is at the cusp of major upside momentum, which could be a rally that would thrill both investors and traders alike. The cryptocurrency had reached a local low of $58,000 after a period of recent volatility but has now recovered to its current value of $60,400. For BTC, ... Read more
Polygon-MATIC continues to show potential for recovery after a considerably long downtrend. According to data from Santiment, a leading blockchain analytics platform, on-chain activity for the network has taken a serious leap, suggesting a probable change in market sentiment. Since March, when the cryptocurrency market began its retrace, Polygon has ... Read more
In a recent statement, Devin Finzer, Co-founder and CEO of OpenSea, revealed that the company has been hit with a Wells notice from the Securities and Exchange Commission (SEC), signaling a potential lawsuit. The SEC’s move, which argues that NFTs traded on OpenSea might be classified as securities, has stunned ... Read more
Bitcoin’s market has been quiet, with speculations and investor movements at low levels. Current market trends are indicative of a balance between marginal profits and losses, with a reset of perpetual swap markets. Brief If history is any prelude, such tranquil periods generally tend to be short-lived and warn of ... Read more
The Open Network Society, a TON community group completely independent of Telegram, has penned an open letter to French authorities demanding the immediate release of Telegram’s chief and co-founder, Pavel Durov. The letter refers to the arrest as a violation of basic human rights and even more so as an ... Read more
Ethereum’s ongoing evolution in the crypto landscape stirs debate and enthusiasm among its supporters. Recently, Ether enthusiast Adriano Feria took to X to argue that the so-called “narrative problem” surrounding Ether will fade as industry leaders increasingly launch Layer 2 solutions, stablecoins, and market-fit products on the network. According to ... Read more
In a recent tweet thread, the Solana blockchain announced a significant milestone for PayPal’s PYUSD stablecoin, which has surpassed a $1 billion market capitalization. This impressive figure represents a 271% increase since PYUSD was launched on Solana, with Solana-based PYUSD contributing 88% of this growth. The rapid rise of PYUSD ... Read more
The U.S. Securities and Exchange Commission (SEC) has reached a settlement with cryptocurrency platform Abra following allegations that the firm failed to register its lending product, Abra Earn, as required. The SEC’s press release reveals that Plutus Lending LLC, which operates under the name Abra, has been charged with not ... Read more
Bitcoin investment products experienced a significant surge last week, with inflows, following remarks by Federal Reserve Chairman Jerome Powell. Speaking at the Jackson Hole Symposium, Powell hinted at the possibility of the first interest rate cut as early as September. His comments appeared to fuel optimism among investors, particularly in ... Read more
