The Shiba Inu coin burn rate witnessed a sharp increase of 280% within 24 hours, resulting in the permanent removal of 12.5 million SHIB tokens from circulation. Data from Shibburn shows that such a reduction in supply has raised prospects of a price pump for the meme-based cryptocurrency. Token burns happen when developers send supply … Read more
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Crypto rideshare has died…again. Teleport — a decentralized rideshare startup — promised lower prices for riders, higher earnings for drivers and bountiful rewards for early adopters. But on Thursday, the project shut down, run aground trying to make the business work. Fellow … Read more
The stablecoin market cap reached a new record high above $200 billion. Is it a sign that Bitcoin and altcoins will rise higher?
Donald and Melania Trump’s entry into the crypto space with their meme tokens has sparked debate over regulatory strategy. Zach Burks, CEO and founder of Mintology, a blockchain service provider, believes that by branding their tokens as “memes” rather than “coins,” Trump appears to be positioning them outside the scope of securities laws, an approach … Read more
The cryptocurrency world is filled with exciting projects, but few have captured attention as quickly as JetBolt (JBOLT). Since its presale launch, JetBolt has sold over 300 million tokens, marking it as one of the best new emerging altcoins. Built on the Skale network, JetBolt introduces a unique blend of zero gas fees, SocialFi staking, … Read more
Cipher Mining Inc. announced a $50 million private investment in public equity (PIPE) from Softbank Group Corp., positioning the technology-focused investor as a key stakeholder in the company. Softbank Becomes Key Investor in Cipher Mining Cipher Mining’s (Nasdaq: CIFR) transaction involves Softbank purchasing approximately 10.4 million shares of Cipher’s common stock, with the funds directed … Read more
Binance is caught in regulatory crosshairs in France, while KuCoin reaches a $300 million settlement with the US Department of Justice.
Uniswap, one of the leading multi-chain DEX, announced the long-awaited official launch of V4, which will allow developers to customize trading pairs and liquidity pools. Uniswap announced the release of its V4 protocol in a post on Friday. It said the protocol will soon start to build up liquidity but is currently available on 10 … Read more
The memecoin fund adds to Grayscale’s growing suite of single-asset crypto products.
The USDT issuer has struggled to maintain dominance in the face of competition from rivals such as Circle and its USDC stablecoin.