Key takeaways XRP fell about 1% over the past 24 hours, but it could soon climb toward the $2.80 level. Ripple co-founder Chris Larsen reportedly sold roughly $120 million worth of XRP. Larsen sells roughly $120 million in XRP tokens On-chain data from CryptoQuant indicate outflows of about $120 million from wallets linked to Chris … Read more
Grayscale has filed to convert its $524 million Digital Large Cap Fund into an ETF. The fund’s holdings include BTC, ETH, Solana, XRP, and Avalanche. This would be Grayscale’s third fund conversion into an ETF after its Bitcoin and Ethereum funds. Grayscale Investments has taken a notable step to broaden its crypto-related product lineup by … Read more
California-based electric carmaker Tesla may resume accepting Bitcoin payments if more than half of the energy used for mining comes from renewable sources. According to a tweet by its CEO and product architect Elon Musk, Tesla might not be finished with Bitcoin. Musk revealed that the electric vehicle and clean energy company could someday allow … Read more
Recent obstacles in developing the Telegram Open Network proved too difficult for the company After a years-long legal battle with the U.S. Securities and Exchange Commission (SEC), Telegram has decided to discontinue its crypto-focused subsidiary, the Telegram Open Network (TON). The company is no longer actively involved with TON. Pavel Durov, Telegram’s founder and CEO, … Read more
A smart trader locked in more than $2.5 million on a long Starknet position opened three days ago. He has since rotated into HYPE with a 10x long worth about $2.98 million. The Hyperliquid token may be poised for an upward move. Smart-money participants are celebrating gains despite a broader bearish sentiment that currently keeps … Read more
The Degen Trilogy is a set of three animated films scheduled to debut during NFT.NYC in June. There are also plans for a separate series based on the Mutant Ape Yacht Club NFTs. Crypto exchange Coinbase announced it is collaborating with the Bored Ape Yacht Club (BAYC) to produce an animated short featuring BAYC NFT … Read more
Customers of a Swiss private bank can now use a wallet with built-in fiat conversion capabilities for their crypto investments. Exchanging cryptocurrencies — including conversion to fiat There are many crypto wallets that allow the purchase of digital currencies using various fiat currencies. Direct conversion back into “real” money, however, is not yet an industry … Read more
PancakeSwap (CAKE) rose 1.8% as volume surged and short-term momentum improved. A governance proposal to cut CAKE’s maximum supply by 11.1% could support price stability. January catalysts include a BNB Chain upgrade and a PancakeSwap AMA. PancakeSwap (CAKE) has returned to market focus as traders reassess its outlook amid governance-driven supply changes, better technical signals, … Read more
The UAE is establishing a licensing framework for companies and other providers in the growing crypto industry, positioning the country as a crypto-friendly jurisdiction. The United Arab Emirates is reportedly preparing a national licensing scheme aimed at attracting leading global providers of virtual asset services, according to a Bloomberg report published Thursday. Sources said the … Read more
After Zilliqa (ZIL) reached an all-time high in early April, the token has experienced a steep decline as investors take profits from its meteoric rise. However, further downward pressure remains possible. Below are the key takeaways before a more detailed look. ZIL has fallen below its important demand zone between $0.097 and $0.121. The token … Read more