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SoftBank is betting big on AI with a $500 billion project—but its high-risk financing model raises major concerns. The project, which aims to revolutionize AI infrastructure through a network of advanced data centers, is still in its early financial planning stages, with SoftBank seeking additional investors to share the risk. Masayoshi Son, the Japanese conglomerate’s
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NFT Paris, one of Europe’s premier gatherings for digital asset enthusiasts, provided a striking display of the ongoing convergence between physical and digital realms. Bringing together a diverse mix of industry leaders, artists, and technologists, this year’s conference underscored how non-fungible tokens (NFTs) are no longer confined to virtual spaces but are increasingly linked to
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Soneium has announced a strategic partnership with CoLabs aimed at enhancing the Web3 experience and expanding accessibility in the NFT sector. The announcement was made via Soneium’s official X account, signaling a major step toward simplifying NFT creation and fostering digital innovation. As part of this collaboration, Soneium will integrate its services with the Web3
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LBank has officially launched the DEXX compensation process, successfully reimbursing more than 3,000 addresses. The initiative underscores LBank’s commitment to strengthening user trust while fostering innovation in the meme coin and on-chain economy sectors. The compensation effort is already making an impact, with DEXX’s daily trading volume surpassing $1 million just one week after LBank
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Ben Chow, co-founder of Solana-based platform Meteora, has resigned amid insider trading allegations linked to the LIBRA token crash, which wiped out millions in investor funds within hours. The token, initially backed by Argentine President Javier Milei, lost over 90% of its value within hours of its launch, raising concerns of market manipulation. Meteora’s pseudonymous
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Over 50 non-crypto corporations, including global financial institutions and luxury brands, are actively developing blockchain-based products on Ethereum and its layer two (L2) networks, according to a report by Galaxy Digital. These companies are leveraging Ethereum’s infrastructure for non-speculative use cases such as non-fungible tokens (NFTs), tokenized real-world assets (RWAs), and Web3 gaming, reflecting a
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The developers of Rumble Kong League have unveiled a major revamp of the $FAME tokenomics, altering the token release schedule and distribution strategy. The updated model increases the number of tokens unlocked at the Token Generation Event (TGE), shortens the vesting period for NFT holders, and introduces revised allocations for different categories. Adjusted Token Unlocks
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Yuga Labs, the prominent NFT company behind the Bored Ape Yacht Club (BAYC), has sold the intellectual property (IP) rights of its Meebits NFT collection to Meebit Company, or “MeebCo,” a newly formed entity dedicated to expanding the Meebits brand. According to an official announcement on Friday, MeebCo plans to enhance the Meebits collection, engage
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Doodles, the popular Ethereum-based non-fungible token (NFT) collection, has witnessed an unprecedented surge in trading activity. Over the past 24 hours, sales volume has skyrocketed by 333%, reaching $9.4 million, according to data compiled by DappRadar. This surge comes amid heightened anticipation surrounding an announcement at NFT Paris and the recent introduction of the $DOOD
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President Donald Trump’s ventures in the cryptocurrency space have accumulated significant profits in recent months, with both his non-fungible token (NFT) collection and newly launched meme coin generating tens of millions of dollars. While Trump’s “America First” NFT collection, released in August 2024, had already brought in over $2.2 million within two days, more recent
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MoonPay has launched its latest financial feature, MoonPay Balance, in the United States, providing users with a zero-fee fiat deposit option. The initiative aims to streamline the process of purchasing cryptocurrency, eliminating common barriers such as high fees and payment failures associated with decentralized transactions. Fiat balances have historically been confined to centralized exchanges and
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President Donald Trump signed a memorandum on Thursday, pausing the implementation of reciprocal tariffs originally scheduled to go into effect this week. The move offered momentary relief to Bitcoin and the broader cryptocurrency market, which had been experiencing declines in anticipation of the new trade measures. However, with tariffs now expected to take effect in
