Crypto narratives continue to shift, with Automated Market Makers (AMMs), trading bots, and perpetuals emerging as key trends this week. AMM protocols like UNI, CAKE, and PENDLE are gaining momentum, fueled by Uniswap’s Unichain launch and BNB’s strength. Trading bots remain highly profitable, with Photon and BullX generating more fees than Ethereum in the last … Read more
Hackers compromised the X account of the Saudi Law Conference to promote a fake memecoin called KSA. KSA Memecoin Fails to Gain Traction On Feb. 17, hackers impersonating Saudi Arabia’s Crown Prince Mohammed bin Salman launched a fake memecoin called KSA. The launch was announced on the X account of the Saudi Law Conference, which … Read more
Michael Saylor, the man who needs no introduction in the Bitcoin (BTC) world, has once again shared his perspective on the digital asset that he believes defines the future of money. His latest post, a well-thought-out look at the “21 Rules of Bitcoin,” goes deep into the realities of adoption, ownership and the ideology behind it. … Read more
According to unconfirmed reports, the team behind LIBRA was also in talks with Nigerian officials to launch another shaky meme coin. As of now, there is no evidence connecting President Bola Tinubu to LIBRA, but his team was reportedly in close talks. Hayden Davis, the CEO of LIBRA’s market maker, claimed that he’s been flooded … Read more
Recent developments in Solana’s ecosystem reveal a significant shift in trader sentiment as concerns over memecoins mount, influencing market positions. As traders brace for potential downturns, the growing imbalance between long and short positions suggests an overarching bearish outlook on SOL. “The market has decided it is angry at Solana,” noted cryptocurrency influencer Tyler Durden, … Read more
Institutional investors now hold pivotal stakes in 15 major cryptocurrency mining firms, with asset managers like Vanguard, Blackrock, and Fidelity steering ownership across an increasingly competitive sector. Inside the Top 15 Bitcoin Mining Firms Dominated by Finance Heavyweights Institutional investors are rewriting the rules of the cryptocurrency mining sector. Vanguard, Blackrock, and Fidelity now command … Read more
Tether is set to expand access to blockchain and peer-to-peer technologies through a new partnership with the government of the Republic of Guinea. In an announcement on Feb. 17, Tether revealed that it had signed a memorandum of understanding with the government of Guinea. The collaboration aims to drive economic growth and digital transformation in … Read more
Solana (SOL) has recently faced a challenging period, moving within a bearish pattern that hinted at a potential drawdown. The price has begun to reflect these concerns, with the broader market failing to provide enough support for a recovery. As Solana struggles to maintain upward momentum, its price has experienced a significant decline, leading to … Read more
Metaplanet announced on Monday that it has acquired an additional 269.43 BTC, valued at approximately $26.4 million (¥4 billion). This latest purchase brings the company’s total holdings to around 2,031 BTC, which is worth about $196 million at current prices. With an average purchase price of around $80,700 per bitcoin, Metaplanet’s overall investment in bitcoin … Read more
US prosecutors are looking into potential charges against Argentine President Javier Milei for his involvement in the controversial LIBRA rug pull, expanding the allegations beyond national borders. Key figure Hayden Davis, linked to LIBRA, revealed significant insider trading activities, paving the way for stronger legal actions against those associated with the coin. Following the LIBRA … Read more