Solona

Bitcoin and Ethereum see sharp rises in open interest, signaling increased trading. Solana’s price grows steadily despite minimal change in open interest or speculative trades. Ethereum’s climbing open interest aligns with its price gains, reflecting trader confidence. Bitcoin has seen a different degree of open interest (OI) activity alongside Ethereum (ETH) and Solana (SOL), according…

SEC stated that it regrets naming Binance’s crypto tokens as security in a court filing.  AXS, FIL, ATOM, SAND, and MANA are the alleged crypto tokens of the Binance exchange. SEC earlier alleged that Binance was operating as an unregistered exchange and dealer. The US Securities and Exchange Commission (SEC) escalated its action on Binance,…

Treasure DAO plans to migrate its gaming infrastructure from Arbitrum to ZKsync. The migration aims to better align with Treasure’s vision for decentralized gaming. MAGIC token holders will play a decisive role in approving the blockchain transition. Treasure DAO, renowned for its gaming projects on Arbitrum, recently announced a strategic proposal. The plan is to…

Bitcoin dominance dips as altcoins like Toncoin and DOGE show gains in mixed market trends. The overall crypto market contracts slightly despite Bitcoin’s continued strong performance. Altcoins outside the top ten, including Mao and Dimitra, post notable percentage gains. According to recent CryptoRank data, Bitcoin has stalled at over $58,000, proof that it did not…

MicroStrategy now holds 244,800 bitcoins after the recent $1.11 billion acquisition. Saylor’s MicroStrategy raised $2 billion to expand its Bitcoin holdings in August 2024. El Salvador’s Bitcoin investments now yield an unrealized profit of $84 million. MicroStrategy has increased its Bitcoin holdings again with 18,300 bitcoins for $1.11 billion. The new development brings its total…

Starknet’s new staking mechanism, approved with 98.94% support, launches in Q4 2024. Snapshot X governance vote highlights the need for broader Starknet community engagement. Starknet’s 0.13.2 update boosts transaction speed with parallel execution and block packing. Starknet has enhanced the network governance, and the decision-making process, including the proposal of a new staking mechanism. The…

Kraken demands a jury trial in the SEC lawsuit over unregistered securities claims. SEC accuses Kraken of facilitating trading of unregistered tokens like ADA and SOL. Ripple’s CLO criticizes the SEC for calling digital assets “crypto asset securities.” Cryptocurrency exchange Kraken has officially demanded a jury trial in the ongoing lawsuit from the U.S. Securities…

Sun argues that CBBTC contradicts Bitcoin’s decentralized and non-censoring foundation. Central bank control over Bitcoin opposes its transparency and trustless principles. Asset freezing under CBBTC threatens Bitcoin’s purpose as an unregulated currency. Tron founder Justin Sun has voiced his disapproval of the Central Bank Bitcoin (CBBTC), claiming that it goes against the core principles of…

Trump announced that September 16 would be the official date of his crypto project launch. World Liberty Financial will be built on the DeFi platform Aave and the Ethereum blockchain. The project will focus on adopting stablecoins and making security a top concern. The U.S. presidential candidate Donald Trump has announced the official date of…

Both Polkadot and Avalanche are approaching possible breakouts from falling wedge patterns. AVAX is still moving within its declining wedge pattern, according to analysts. If AVAX breaks out, it could see an upside of 183%, bringing the price quite near to $75. Technical patterns for Polkadot (DOT) and Avalanche (AVAX) point to likely positive reversals….

OpenAI debuts o1-preview models, advancing AI in solving science, math, and coding problems. O1-preview AI excels in reasoning, surpassing PhD students in physics, chemistry, and more. OpenAI introduces o1-mini, an affordable model for developers with advanced coding needs. OpenAI presented the long-awaited o1-preview AI models with the support of its CEO Sam Altman. Such systems…

Tether has yet to complete an independent audit of its USD reserves since 2017. Consumers’ Research claimed that Tether is risky because of its financial transparency. Tether also received several investigations and penalties regarding its reserve claims and operations. The consumer advocacy group Consumers’ Research has recently sounded the alarm on Tether, issuer of the…

Sky’s wBTC offboarding could shift $200M in loans, reshaping DeFi collateral practices. Competitors like tBTC, dlcBTC, and FBTC eye wBTC’s market share as Sky considers exit. DeFi whale James Fickel swaps $11.3M in ETH for wBTC amid changing ETH/BTC dynamics. Sky, a top DeFi lender in crypto, will vote on a proposal to remove Wrapped…

HBAR forms a Falling Wedge, signaling a potential reversal from its recent downtrend. The chart suggests a bullish breakout could occur if the upper trendline is broken. Recent price action shows stabilizing candles, hinting at waning selling pressure in HBAR. Hedera Hashgraph (HBAR) shows an exemplary configuration on its three-day chart. At $0.0509 right now,…

Bitcoin’s positive sentiment has surged, doubling in favor for the first time in a year. Ethereum’s sentiment remains modest, following Vitalik Buterin’s concerns about scalability. BlackRock names Bitcoin as a hedge against global disorder and declining trust in fiat. The sentiment in Bitcoin has turned positive, reaching its highest level in more than a year….

Zug, Switzerland – 12 September 2024 – Today, the Cardano Foundation announced leaders from Binance, IOG, Dubai Blockchain Center, Animoca Brands and other frontier companies as speakers for the upcoming Cardano Summit 2024. The Cardano Summit, which is the Foundation’s annual flagship event, will take place October 23-24, 2024, with the main stage at the…

Decreasing Bitcoin price reserves on exchanges hint at an upcoming price surge. Increasing stablecoin reserves suggest robust market interest and buying readiness. SSR Oscillator’s support level indicates a favorable market for a Bitcoin price rally. Bitcoin exchange reserves have been steadily declining. This trend typically precedes price surges, indicating a potential rise ahead. Investors are…

Vega Protocol plans shutdown by late October, ending all blockchain operations. Governance vote to allocate $28K to validators ensures stability during shutdown. VEGA token falls 14% and trading halts as Vega Protocol begins network closure. Vega Protocol, which is supported by Pantera Capital, is set to shut down its layer-1 blockchain. The network will temporarily…

Hong Kong seeks to improve OTC crypto services with new SFC and C&ED regulations. SFC explores licensing for crypto custodial services, aiming for robust regulation. Hong Kong is launching crypto exchange-traded funds, competing with U.S. advancements. Hong Kong is reevaluating its approach to managing over-the-counter (OTC) virtual asset services. Plans are underway to potentially engage…

$PYTH may signal a bullish reversal if it breaks above the $0.30 – $0.32 resistance. Stacks approaching breakout, may surge to $4.00 if it crosses $1.80 resistance. Investor interest surges as $PYTH, $STX approach key levels with bullish potential. The cryptocurrency markets are closely setting up for the critical alterations on possible flips as the…

Grayscale relaunches its XRP Trust, paving the way for a U.S. XRP spot ETF approval.  Ripple’s court victory clears the regulatory path for renewed XRP investments.  Grayscale’s XRP Trust sparks market optimism, boosting XRP’s institutional appeal. Grayscale, a prominent digital currency asset manager, has reintroduced an XRP Trust aimed at providing accredited investors with exposure…

Coinbase launches cbBTC to expand Bitcoin’s use in DeFi on Ethereum and Base networks. cbBTC is fully backed 1:1 by Bitcoin, ensuring transparency and secure custody. Users could easily mint and convert cbBTC for seamless integration into DeFi markets. Coinbase released its new wrapped Bitcoin token, cbBTC, according to a report on Thursday. The token…

Ireland’s Data Protection Commission probes Google’s PaLM2 for EU data law compliance.   The US, UK and EU sign an AI Convention Treaty for human rights-focused AI governance.   Google’s Gemma 2 models prioritize AI safety and transparency to filter harmful content. Ireland’s Data Protection Commission (DPC) has launched a cross-border investigation into Google Ireland Limited. The…

CryptoPunk #2386 was sold through a smart contract buyout after being locked in escrow. The NFT had 257 fractional owners but was acquired after a buyout offer went unnoticed. Fractional ownership of CryptoPunk #2386 was managed by Niftex, which later shut down. Valued around 600 ETH or $1.5 million, CryptoPunk #2386 was just sold for…

UK crypto bill may redefine digital assets as personal property for tax purposes. The new bill aims to clarify crypto taxation, reducing ambiguity for investors. Proposed law offers legal recourse for crypto disputes, boosting investor protection. The proposed crypto bill in the UK could completely change how digital assets are currently being taxed. The plan…

Whale transactions for Bitcoin and Ethereum have sharply declined since mid-August. Current whale inactivity might indicate strategic waiting rather than bearish sentiment. Increased derivatives activity suggests robust market interest despite whale slowdown. In recent months, cryptocurrency markets have witnessed a significant shift in whale transaction patterns. Large Bitcoin and Ethereum holders have made substantial moves…

Crypto stocks rebounded after polls favored Kamala Harris’s political debate performance. Following the US presidential debate, Bitcoin surged by 3%, showing market sensitivity. The cryptocurrency market’s stability is influenced by US presidential election outcomes. The recent US presidential debate between Donald Trump and Kamala Harris triggered a cautious approach in the cryptocurrency market. Analysts suggest…

Bitcoin whale transactions fell by 33.6% since the March/April peak of $100K+ transfers. Ethereum whale transactions have fallen 72.5% since the March/April peak of 108,596. Whales are likely waiting for extreme market conditions to make their next big moves. Whale activities in the cryptocurrency have sharply declined since mid August. Transactions of $100K or more…

Decentraland, The Graph, and Aave have high short positions, signaling liquidations. Negative funding rates on MANA, GRT, and AAVE reflect rising bearish trader sentiment. Heavy short territory increases the chance of liquidations, potentially boosting prices. Short holdings on three key cryptocurrencies—Decentraland (MANA), The Graph (GRT), and Aave (AAVE)—are rising on Binance. Recent Santiment data alludes…

Buterin will prioritize L2 projects meeting Stage 1 decentralization standards from 2025. Security and cryptographic proof systems remain crucial for Ethereum’s L2 evolution. The era of rollups relying on multisigs is ending, shifting focus to cryptographic trust. Vitalik Buterin, the co-founder of Ethereum, has recently changed his public position regarding Layer 2 (L2) solutions. From…

Bitcoin’s price has shown a close correlation with U.S. inflation trends since 2020. U.S. inflation dropped to 2.5% in August 2024, impacting Bitcoin’s price movements. Bitcoin’s volatility continues despite falling inflation and economic adjustments. The Price of Bitcoin versus the U.S. Consumer Price Index (CPI) has moved in tandem for the last few years. The…

A UK bill proposes a new legal category for digital assets like Bitcoin and NFTs. UK law aims to provide legal protection for owners of digital assets, including NFTs. The proposal follows recommendations to update laws for handling digital asset disputes. The United Kingdom has introduced a new proposal before Parliament to specify the legal…

Hoskinson debunks claims about ADA tokens being locked, emphasizing their liquidity.   Cardano’s governance and adaptability remain key in correcting the misinformation. Despite misinformation, ADA maintains market stability boosting Investor confidence. Charles Hoskinson, the founder of Cardano, has again addressed misconceptions about ADA’s staking mechanism. He emphasised on the flexibility and liquidity of ADA tokens against…

A solo Bitcoin miner recently mined block 860749 via Solo CK, claiming full rewards. Solo CK allows miners to claim entire block rewards, unlike traditional shared mining pools. Despite Bitcoin’s high hashrate, solo miners continue to achieve unexpected success. Recently overcoming the odds, a solitary Bitcoin miner mined one of the most recent blocks and…

VP Kamala Harris has outperformed Donald Trump in the latest U.S. presidential debate. Bitcoin dropped over 2% with its price falling to $56,300 in the aftermath of the debate. Political betting odds shifted in Harris’s favor, signaling her debate victory. Vice President Kamala Harris performed better than former President Donald Trump in the latest U.S….

Singapore is investigating seven individuals who offered illegal Worldcoin services. Worldcoin’s iris scan technology raises global concerns over data privacy risks. MAS warns of legal consequences for unlicensed Worldcoin services in Singapore. Authorities in Singapore are questioning seven individuals accused of offering Worldcoin services without a license. Worldcoin is a cryptocurrency startup established by Sam…

Bitcoin miners offload 30,000 BTC in 72 hours, sparking concerns over market impact. Leverage hits a yearly high in Bitcoin trading, raising risks for over-leveraged positions. Falling Bitcoin reserves signal a potential price rally as market volatility increases. Market pressure on Bitcoin is rising as miners dump 30,000 BTC worth $1.71 billion in 72 hours….

Huma Finance secured $38M with support from HashKey Capital and Stellar Foundation. PayFi aims to solve the liquidity gap by moving real-world payments to blockchain. Huma integrates with Stellar and SOL, expanding blockchain-based global payment solutions. Huma Finance, the first Payment Financing (PayFi) network, has raised $38 million in a funding round led by Distributed…

Bitcoin’s support at $55K to $56K is crucial to maintain bullish momentum, says van de Poppe. Analysts eye $57K and $58.5K as key resistance, and a breakout could trigger further gains. Bitcoin’s retest of critical support may fuel the next rally if it holds above the trendline. Bitcoin price action continues consolidating around key levels…

Vitalik Buterin’s wallet continues significant ETH movements with a recent 190 ETH sale. Buterin’s wallet shows increased activity since August, with substantial ETH transactions. Ethereum’s co-founder Buterin has sold 950 ETH since August, signaling regular wallet use. The crypto community has taken notice of a recent purchase utilizing a wallet connected to Ethereum co-founder Vitalik…

Tether and Tron launch T3 FCU to combat illicit USDT activities on the Tron network. T3 FCU freezes $12M in assets, aiding 11 victims within weeks of its establishment. Over 50% of Tether’s $118B supply is on Tron, driving anti-crime collaboration efforts. Tether, the issuer of the USDT stablecoin, has announced a significant partnership with…

Indodax suffers a $15.7M loss with stolen funds converted into major cryptocurrencies. A security breach at Indodax led to a stolen $15.7M as hackers diversified assets. Indodax site was down post-breach, and users’ funds were reportedly safe amid investigation. Indodax, a prominent Indonesian cryptocurrency exchange, is reeling from a significant security breach that has resulted…

Validators in Based Rollups process transactions via layer-1, enhancing staking rewards. Based Rollups improve incentives by allowing validators to earn more across Ethereum. Staking rewards in Based Rollups shift from issuance rates to Ethereum Virtual Machine use. Ethereum faces ongoing debates about layer-2 fees. Cinneamhain Ventures partner Adam Cochran stated in an X post that…

Dogecoin breaks the key trendline, signaling potential breakout and altcoin season trigger.   Analyst predicts DOGE could hit $0.125-$0.146, fueling further market speculation.   Doge records strong market inflows, but volatility raises doubts about trend sustainability. Dogecoin (DOGE) has shown upward solid momentum recently, positively contributing to the debates concerning a breakout. This substantial price increase could…

Dogecoin’s short-term undervaluation is signaled by its 30-day MVRV at 1.682%. Shiba Inu’s short-term holders face heavy losses, with a 30-day MVRV of -1.045%. Pepe struggles with bearish sentiment and declining investor interest despite stability. Memecoins have generally been characterized by large fluctuations, often due to the crowd hype and shifting crowd sentimental per Santiment….

Congress holds its first DeFi hearing, debating innovation vs. consumer protection risks. Republicans advocate light regulation for DeFi, while Democrats push for stricter oversight. DeFi’s rapid growth raises concerns over fraud, with calls for tailored regulation. On Tuesday, Congress held its first hearing on decentralized finance (DeFi). The focus was on the potential benefits and…

Small Bitcoin wallets holding less than 1 BTC have hit a 7-month high in supply ratio.   Mid-level wallets with 1-100 BTC saw their supply peak on July 27th but have since plateaued.   Wallets holding over 100 BTC make up 59.87% of supply but have stalled since mid-August.   Data from Santiment reveals a significant surge in…

Kujira joins the Rujira Alliance to build a DeFi app layer for THORChain.   RUJI token to unify assets like KUJI, FUZN, WINK, and NSTK for streamlined operations.   Rujira aims to enhance DeFi with innovative solutions across eight blockchain networks. The DeFi sector is going through a big change with Kujira and its main ecosystem projects…

Shibarium hits 34 smart contracts, nearing a three-month high in developer activity. Shiba Eternity adds bug fixes, leaderboards, and rewards to improve the gaming experience. Shiba Eternity beta is now open to Shiba Inu NFT holders, expanding access to more players. Shiba Inu’s ecosystem is on the brink of a breakthrough, with its Layer 2…

XRP shows bullish momentum, maintaining stability above the $0.54 support level. Recent breakout above key resistance signals potential for further price ascension. Trading volume for XRP surges by 34%, indicating robust buying interest in the market. XRP price has recently seen an upward movement, signaling a positive trend in the crypto market. The altcoin maintains…