Stay ahead of the curve with The Coinomist’s breaking news coverage. From major market shifts to regulatory updates and industry-defining announcements, we deliver the critical information you need, fast and accurate. Be the first to know about the stories shaping the world of cryptocurrency, business, investing, and Web3.
Su Zhu, the co-founder of the crypto hedge fund Three Arrows Capital, has surprisingly positive remarks about his recent four-month jail term. He described feeling at his best, crediting the absence of beds and the basic conditions for his newfound ability to sleep well.
On January 23, OKX’s token, OKB, saw an unexpected market shakeup. Its price dramatically fell by 50%, dropping from $52 to nearly $25, before recovering to $46.
In her letter to Mark Zuckerberg, U.S. Congresswoman Maxine Waters voiced apprehension about Meta’s consistent push into the cryptocurrency realm.
The U.S. Securities and Exchange Commission (SEC) has confirmed that an attacker gained unauthorized access to its X account through a SIM swap attack.
Concentric, a liquidity management protocol on the Arbitrum network, has suffered an exploit. A social engineering attack on a team member enabled a hacker to access the wallet utilized for smart contract deployments.
Bloomberg’s Senior ETF Analyst, Eric Balchunas, humorously notes, “I can’t escape bitcoin ETFs even if I tried…”
Avalanche blockchain is trailing in the stablecoin market, with a capitalization of just $1 billion. This situation is taking a toll on the DeFi applications’ liquidity within its ecosystem and obstructing a steady flow of new users to the platform. To draw a comparison, the stablecoin market cap on Ethereum stands at $71 billion, while on Tron, it is $52 billion.
Indonesia’s upcoming elections are poised to be a pivotal moment for the nation’s approach to cryptocurrencies. Incumbent President Joko Widodo has been supportive of crypto companies and startups, despite implementing comprehensive regulations across the sector, including trading exchanges.
The announcement of new payment functionalities on X has catalyzed a surge in interest for meme coins such as Dogecoin (DOGE), Floki (FLOKI), and Shiba Inu (SHIB). This growing enthusiasm is evident in the significant increase in futures open interest for these coins. Despite the heightened trading volumes, there has been little impact on their prices.
Ondo Finance, the provider of tokenized securities, has expanded its operations to the Asia-Pacific region. Company representatives highlight a significant demand in Eastern countries for various American assets, which can be challenging to acquire.
Within just the first six days of spot bitcoin ETF trading, the total assets of these funds have soared to roughly 95,000 BTC ($4 billion). Fidelity (FBTC) and BlackRock (IBIT) are at the forefront, collectively holding 64,000 bitcoins.
Social network X recently introduced an account named XPayments, signaling the potential launch of payment services on the platform soon.
The U.S. Commodity Futures Trading Commission (CFTC) has brought to light a scheme by Debiex’s staff, who allegedly developed personal and even romantic relationships with potential customers to draw them into their trading platform. The CFTC has now sued Debiex, charging them with fraudulent activities.
Sam Altman, leading OpenAI, is orchestrating a billion-dollar investment drive to create microchips crucial for artificial intelligence progression.
Paolo Benanti, a monk and AI expert from the Vatican, emphasizes the virtues of artificial intelligence, citing its origin from human intelligence. Yet, he underscores the necessity for its ethical management.
Interpol’s specialist group has published a white paper detailing the role of metaverse platforms in modern policing. The report explores their substantial benefits for crime scene analysis and educational purposes.
OpenAI, an AI research and deployment company, has signed a deal with Arizona State University (ASU). This partnership aims to leverage the corporate version of ChatGPT in educational processes to enhance various aspects, including:
JCapital Research analysts have issued a warning about the potential for a significant drop in Hut 8 Mining Corp (HUT) shares, citing possible involvement in fraudulent schemes like Pump & Dump. This alert is primarily based on the company’s recent acquisition of US Bitcoin (USBTC) and the ensuing merger.
Meta founder Mark Zuckerberg has announced his company’s hefty investment in Nvidia graphics cards, pouring billions into the development of artificial general intelligence (AGI). This AI aims to execute tasks with human-like proficiency. Zuckerberg anticipates Meta’s inventory of H100 graphics cards to reach 350,000 units by the end of 2024.
In the ongoing SEC vs Binance case, Federal Judge Amy Berman Jackson is seeking the commission’s arguments to determine if digital assets should be classified as securities. Binance is set to engage in discussions, especially concerning staking and the definition of securities’ ‘duration’.
Despite restrictions, Chinese cryptocurrency enthusiasts are keeping the trade alive. Users are covertly meeting in public places like cafes, parks, and even laundromats to swap wallet addresses, trade assets, and exchange bank information for converting their crypto into fiat currency.
Public Goods Network (PGN), a second-layer blockchain initiative backed by Gitcoin, is set to cease operations. The project will progressively scale down over the next half-year, aiming for complete closure by June 2024. This decision comes in the wake of a thorough evaluation of the platform’s performance.
Flowdesk, a French cryptocurrency service provider founded three years ago, has successfully raised $50 million in a recent funding round, with Cathay Innovation being the major investor.
Conflux Network has introduced a significant development in the cryptocurrency sector: a second-layer blockchain for Bitcoin, designed to be compatible with the Ethereum Virtual Machine (EVM).
In a low-key yet significant move, Tether, the company behind USDT stablecoin, added 8,888.88 BTC (approximately $380 million) to its reserves in the previous quarter. This acquisition increased its Bitcoin stash to a hefty 66,465 BTC, valued at $2.8 billion, adhering to its policy of monthly Bitcoin purchases since September 2022.
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.