Shiba Inu gets a major boost after Kraken, a leading cryptocurrency exchange expands collateral options for futures. As per the official post, SHIB is now a new collateral option for the platform’s perpetual futures contracts. This expansion allows traders to leverage their SHIB holdings to gain exposure to a wide ... Read more
The Tether (USDT) network has set a new milestone logging a 5-month high in new wallet creation. Over 31,300 new wallets were created in a single day, suggesting an influx of fresh capital into the cryptocurrency market. Besides USDT, multi-collateral token DAI also witnessed a surge in network growth. This ... Read more
Tron founder Justin Sun took to Twitter earlier today to reveal exciting news for SUN token holders. The tweet, which quickly gained traction among crypto enthusiasts, stated that the SUN community is preparing to initiate its first-ever SUN revenue burn, after higher-than-expected earnings from the sunpumpmeme initiative. Token burns are ... Read more
The detention of Telegram CTO Pavel Durov in France has sent the price of TON plummeting by over 22%. Despite the price drop, the TON network has displayed resilience by remaining operational and continuing to produce blocks normally. Notably, CryptoQuant observed that Open interest in TON surged by 80%, indicating ... Read more
Russia plans to initiate cryptocurrency exchange trials as early as September 1, focusing on facilitating cross-border transactions. This move includes utilizing the existing National Payment Card System for ruble-cryptocurrency conversions. In response to Western sanctions, Russia has shifted its stance on cryptocurrencies, exploring digital assets as a means to bypass ... Read more
Ethereum founder Vitalik Buterin was recently engaged in a lively discussion around migrating Telegram (TG) groups to Farcaster. Vitalik’s emphasis on end-to-end encryption highlights a crucial aspect of user security and privacy. His point about needing a federated system is also significant; interoperability among different messaging platforms could encourage broader ... Read more
TON, the native cryptocurrency of the Telegram Open Network (TON), posted heightened volatility, plunging by 20% following the arrest of Telegram founder Pavel Durov in Paris. The token is currently trading around $5.60, but analysts are closely watching its performance near a crucial support level. Durov’s arrest has sent shockwaves ... Read more
TRON DAO is in the limelight after withdrawing approximately 12,000 BTC from the reserves backing its decentralized stablecoin, USDD. These funds, valued at several hundred million dollars, were transferred to HTX, formerly known as Huobi Global. This significant movement in assets comes as the Tron ecosystem continues to strengthen its ... Read more
Sony has set the ball rolling with its first-ever Ethereum layer 2 blockchain, Soneium, in collaboration with Startale, a Web 3 provider. With a focus on scalability and accessibility, the upcoming blockchain is set to be an amalgamation of entertainment, gaming, finance, and various other possibilities. Soneium aims to connect Web3 with ... Read more
TRON founder Justin Sun announced an improved version of the meme coin launchpad SunPump. The development comes after the platform’s roaring success since its August 9th launch. The revamped version would address stability issues and user concerns. The network’s meme coin strategy is proving to be lucrative after SunPump generated ... Read more
