Following the SEC’s approval of Ethereum ETFs, Shiba Inu’s lead developer, Shytoshi Kusama, took it to X.Congratulating  Ethereum and teased the potential for a Shiba Inu ETF. Kusama’s post suggested a similar development for SHIB, urging followers to consider the possible impacts and feasibility. Congrats to our frens at @ethereum on the ETF APPROVAL! Does […]

Following the approval of an Ethereum ETF, the cryptocurrency market witnessed a surge in liquidations, with Ethereum’s liquidation hitting a remarkable $139.41 million within a mere 8 hours.  This surge in liquidations includes the largest single liquidation order on Binance, totaling $12.41 million in ETHUSDC. Despite these fluctuations, Ethereum’s market capitalization remains strong at $455.1 […]

The largest cryptocurrency exchange globally, confirmed an extra burn of Terra Luna Classic (LUNC) tokens, surpassing 59 billion tokens, as reported by LUNC Burn Tracker on May 23.  Binance regularly burns LUNC tokens, separate from its monthly mechanism. In early May, they burned 1.4 billion tokens, now totaling 59.07 billion, which is 51.9% of the […]

In a recent federal court hearing, 52-year-old Shan Hanes, former CEO of Heartland Tri-State Bank in Elkhart, pleaded guilty to embezzling $47.1 million from the bank, causing its collapse. Hanes transferred the funds to cryptocurrency accounts controlled by third parties while the bank was insured by the Federal Deposit Insurance Corporation (FDIC). Shan Hanes pleaded […]

Zeta Markets has unveiled Zeta X (ZX), which is the novel DeFi Layer 2 solution based on Solana and created for decentralized trade. ZX seeks to provide the functionality of centralized exchange (CEX), but still stay as Decentralized Finance that allows users to have full control over their funds, their transactions will be transparent, and […]

The former FTX CEO, Sam Bankman-Fried, is detained at the Federal Transfer Center in Oklahoma City at the moment as reported by the Federal Bureau of prisons today’s report. This comes in spite of a plea by Judge Lewis Kaplan that Bankman-Fried be allowed to stay in New York to help him with his appeal […]

Tigran Gambaryan, a detained executive of Binance, collapsed in an Abuja Federal High Court during a trial for alleged money laundering. The incident happened while Gambaryan was being escorted to the dock, so his lawyer informed the court about his poor health and asked for a postponement. Gambaryan, facing charges related to money laundering, reportedly […]

The Fantom Foundation has stated that there will be two new organizations to manage the development of the new Sonic blockchain including Sonic Foundation and Sonic Labs. The new foundation will oversee governance, partnerships, and the network treasury as headed by CEO Michael Kong, while Sonic Labs will be in charge of lengthening and boring […]

The memecoin community is excited especially after FLOKI was listed on Coinbase Perpetual Futures, a crypto that has been relatively unknown in the market. This comes after another memecoin $PEPE was listed on Coinbase and experienced a massive pump. Coinbase, U.S most successful and legit crypto exchange site, has more than 100 million users and […]

The Supreme Court ruled against Coinbase in a disagreement about a dogecoin giveaway from 2021. Justice Ketanji Brown Jackson said that a court, not an arbitrator, should decide which contract governs when there are contracts. The ruling stressed that arbitration depends on contract and consent, rejecting Coinbase’s claim that it would cause chaos. What a […]