Stablecoin reserves on Binance have reached an all-time high of $31.3 billion, signaling a potential shift in market activity. The surge in reserves suggests investors are moving liquidity onto the platform, often a precursor to heightened trading activity and price fluctuations in major cryptocurrencies. Binance, the world’s largest crypto exchange by trading volume, has historically
Tommy Argo
Solana has once again proven its resilience, maintaining its position as the leader in blockchain on-chain trading volume, despite a 60% decrease in overall volume last month. February saw the platform record a substantial $102.4 billion in trading volume, despite a significant cooling off in the memecoin market following the LIBRA token fiasco. This marks
Solana Dominates Monthly On-Chain Volume Despite Memecoin Crash
A new investigation into the massive Ethereum hack on Bybit has revealed troubling details surrounding the incident, which saw the platform lose over $1.4 billion worth of assets last month. Multi-signature wallet provider Safe has confirmed that the breach originated from a compromised developer’s laptop. This shocking revelation adds a new direction and more complexity
New Details Emerge on Bybit’s $1.4 Billion Ethereum Hack
Animoca Brands, a prominent player in the Web3 space, has reported a significant pivot in its business strategy, with its Digital Asset Advisory division surpassing its traditional Web3 revenue sources. The company’s recent financial report reveals that the advisory unit generated $165 million in 2024, marking a 116% increase year-over-year. The Digital Asset Advisory division
Animoca Brands Shifts Focus to Digital Asset Advisory, Surpassing Web3 Revenue in 2024
The U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) NFT collection, without pursuing enforcement action. This decision comes after two years of regulatory scrutiny, during which the SEC examined whether Yuga Labs’ NFT sales and ApeCoin (APE) token distribution violated
SEC Ends Investigation into Yuga Labs, Creators of the Bored Ape Yacht Club
With the SEC dropping multiple crypto lawsuits, including a case against Hex founder Richard Heart, hopes are rising that Ripple’s long-standing legal battle with the SEC could be nearing an end. Prominent XRP advocate and attorney John Deaton is now calling for an immediate dismissal of the case, citing the SEC’s recent reversal on high-profile
Legal Experts Calls for Resolution of SEC Vs Ripple Legal Battle
A United Kingdom court has sentenced Olumide Osunkoya to four years in prison for operating an unregistered Bitcoin ATM network, marking the country’s first-ever criminal conviction for illegal cryptoasset activities. The ruling was delivered by Judge Gregory Perrins at the Southwark Crown Court, following Osunkoya’s guilty plea in September 2024. Authorities revealed that between December
UK’s First Crypto ATM Operator Sentenced to Four Years in Prison
The United Arab Emirates (UAE) is rapidly positioning itself as a key player in the real-world asset (RWA) tokenization boom, with industry leaders reporting growing interest in blockchain-based asset trading. As blockchain technology transforms how assets are bought, sold, and financed, the UAE is fostering an environment that encourages greater liquidity and accessibility for traditionally
UAE’s Regulatory Support Fuels Real Estate Tokenization Boom
Bitcoin exchange-traded funds (ETFs) in the U.S. have recorded $3.2 billion in net outflows over the past eight days, marking the longest withdrawal streak since August 2024. The outflows come amid a broader crypto and equity market sell-off, contributing to Bitcoin’s steep price decline below $80,000 for the first time since November 2024. So far
U.S. Spot Bitcoin ETFs Record $3.2 Billion 8-day Outflow Streak
Ethena Foundation just secured a massive $100 million in a private sale of its ENA token, marking a major milestone for its synthetic dollar protocol. The previously unannounced sale, completed in December, attracted major investors such as Franklin Templeton, Polychain Capital, Pantera Capital, Dragonfly, and Fidelity’s venture arm, F-Prime, according to sources familiar with the
Ethena Raises $100M in Private Token Sale to Expand Offerings
The Arbitrum DAO’s recently-formed Growth Management Committee (GMC) has stirred controversy with a proposal to allocate 7,500 ETH—valued at approximately $20.2 million—to three major decentralized finance (DeFi) protocols: Lido, Aave, and Fluid. None of these protocols are native to the Arbitrum ecosystem, sparking criticism from community members who argue the plan undermines Arbitrum-native projects. The
Arbitrum DAO Faces Backlash Over Proposal to Allocate 7,500 ETH to Non-Native Projects
Kanye West, has stirred fresh controversy with the announcement of a new cryptocurrency token called “Swasticoin,” set to launch next week. The revelation came through a series of erratic social media posts on Saturday, where Ye hinted at his plans to enter the crypto space despite previously criticizing celebrity-led token projects as exploitative. The announcement