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BNB Chain traders made millions on new memecoins going parabolic, with one turning $3,500 into $7.9 million amid a surge in onchain trading activity. Cryptocurrency traders made millions of dollars on small-cap memecoins on the BNB Chain over the past week, signaling a renewed wave of speculative capital fueling the current market cycle. Among the…
The SEC backed off from DePIN tokens in a rare no-action letter, as the agency’s top brass says it’s not meant to “regulate all economic activity.” The US Securities and Exchange Commission has signalled that it won’t take enforcement action against tokens tied to blockchain-based Decentralized Physical Infrastructure Networks (DePIN). In a no-action letter on…
World Liberty Financial will launch a WLFI token buyback and burn after a 41% price drop in September, aiming to cut supply and stabilize value. The Trump family-backed decentralized finance (DeFi) project World Liberty Financial will launch a token buyback and burn program next week after WLFI tokens lost 41% of their value in September….
The lion’s share of donations has come from trading fees for a newly launched memecoin called $GIGGLE, launched by an X user known as RUNE. Binance co-founder Changpeng “CZ” Zhao’s edutech venture, Giggle Academy, managed to amass over a million dollars in public donations within half a day, thanks mainly to a memecoin. Giggle Academy’s…
An early BNB investor turned $1,000 into $1 million as the token hit the $1,000 price level for the first time, highlighting long-term holding strategies in crypto markets. A long-term cryptocurrency investor has turned $1,000 into $1 million, underscoring the payoff of patient holding strategies in digital assets. The “diamond hand” cryptocurrency holder turned their…
The SEC approved Grayscale’s Digital Large Cap Fund, the first US multi-asset crypto ETP offering exposure to Bitcoin, Ether, XRP, Solana and Cardano. The US Securities and Exchange Commission (SEC) approved the first multi-asset cryptocurrency exchange-traded product (ETP) in the United States, clearing Grayscale’s Digital Large Cap Fund (GLDC) for listing. The fund will offer…
The London Stock Exchange launched a Microsoft-powered blockchain platform for private funds, marking the first such initiative by a global exchange. Update Sept. 15, 7:58 am UTC: This article has been updated to include another section on LSEG and Microsoft’s collaboration. The London Stock Exchange Group (LSEG) launched a blockchain-based infrastructure platform for private funds,…
World Liberty Financial has turned to burning tokens in an attempt to stem a price drawdown its cryptocurrency has seen since it started trading publicly on Monday. The Trump family’s crypto project, World Liberty Financial, has begun burning its namesake token in a bid to boost its price, which has been in decline since launching…
Sonic Labs has passed the proposal to make a $200 million foray into the TradFi market, with plans to create a US company and launch an exchange-traded product. Sonic Labs, the team behind the layer-1 Sonic blockchain, has been given the nod to issue $200 million worth of its S tokens to expand into the…
The official crypto token of Pudgy Penguins had a tough month, consistent with a broader decline in NFT markets and digital collectibles. Pudgy Penguins’ native token slipped on Friday despite the project’s new title ranking among Apple’s top downloads. The PENGU (PENGU) token fell by nearly 4% on Friday, following the launch of Pudgy Party,…