Author: NBTC
Coinbase announced that it’s listing three new tokens tomorrow: PancakeSwap (CAKE), Subsquid (SQD), and Fartcoin. These listings will go live at 9 AM PT. All three assets performed well after the news, with Fartcoin growing the most and SQD reaching an all-time high. When these coins go live on Coinbase, it might cause notable volatility tomorrow. Coinbase’s Newest Listings Explained As one of the world’s biggest exchanges, token listings on Coinbase generally cause a lot of hype, and this one is no exception. The exchange put Fartcoin and SQD on its roadmap less than a week ago, causing remarkable price…
Klink Finance, a blockchain platform designed to allow users to earn crypto through various activities and investments, has announced a strategic partnership with Tracy AI, a platform providing advanced AI tools to help businesses grow. By combining blockchain infrastructure with AI-powered intelligence, this collaboration is set to enhance crypto users’ experience. Klink Finance is a Web3 earnings platform aiming to redefine cryptocurrency wealth generation through its cross-chain partner ecosystem, powered by the XDC Network. By merging staking rewards, automated earning tools, and user-focused incentive systems, Klink allows users to efficiently participate in a wide variety of crypto earning activities. On…
Blockchain sleuth Whale Alert, known for actively monitoring large cryptocurrency transfers and sharing their details on its website and X account, has spotted two major transfers made from a top US crypto exchange, Kraken. Close to $200,000,000 worth of Bitcoin changed hands anonymously. Meanwhile, the world’s flagship cryptocurrency $197.3 million in Bitcoin leaves Kraken into the unknown The aforementioned source of on-chain data shared the details of two massive cryptocurrency transfers, which carried 875 BTC and 997 BTC worth $92,353,820 and $105,083,368. This sum slightly exceeds $197.3 million in the fiat equivalent. 🚨 🚨 🚨 🚨 🚨 997 #BTC (105,083,368…
Peter Schiff, vocal proponent of gold and a longtime critic of cryptocurrencies and bitcoin BTC$102,934.90, said he intends to launch his own gold-backed token while taking a dig at the value of U.S. dollar-pegged stablecoins.“I get bitcoin, but not U.S. dollar stablecoins,” Schiff posted Friday on X. “If you’re going to introduce a third-party custodian, why settle for a token backed by a flawed fiat currency like the dollar, when you can own one backed by gold?” In a reply to a user who encouraged him to launch a gold-backed stablecoin, Schiff confirmed: “They already exist. But I do intent…
Ethereum (ETH), the world’s second-biggest cryptocurrency, has had a tough time on the charts lately. On Thursday, ETH’s price fell by nearly 10%, breaking below some important levels. The overall crypto market has been under pressure because of rising tensions in the Middle East, especially after the latest conflict between Israel and Iran. But while retail traders have been selling off and booking profits, something interesting has been happening on-chain. According to new data from crypto analytics firm Santiment, whales have quietly been adding more Ethereum to their wallets. Source: Santiment On-Chain Data Shows Whales Quietly Accumulating 1.49M ETH Right…
FTX has begun distributing over $5 billion in stablecoins to creditors, unleashing approximately 2% of the total stablecoin supply into the market. FTX is set to release over $5 billion in stablecoins to creditors starting today, May 30. This marks the second major repayment wave to reimburse users who lost access to their funds after the exchange’s collapse in November 2022. The initial announcement was made on May 15, with FTX confirming that distributions would start on May 30 and be completed within one to three business days, facilitated through BitGo and Kraken. (2/3) Eligible creditors should expect to receive…
TL;DR Velora launched VLR, a new token replacing PSP at a 1:1 ratio, adding governance features and distributing rewards based on liquidity provided. The project will migrate to Base, Coinbase’s network, attracted by lower costs and faster execution, with a gas-free swap tool active for three months. 10% of the total VLR supply will go to migration incentives, aiming to accelerate network effects without relying solely on its existing user base. Velora announced the launch of its new token, VLR, which will replace the current PSP token at a 1:1 ratio. The initiative includes staking rewards and will power cross-chain,…
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have asked a federal judge to approve a change in an order banning Ripple from selling certain coins and imposing a $125 million fine, a move that the parties said was necessary so they can move forward on a settlement. Ripple and the SEC stated in their petition to District Court Judge Analisa Torres of the Southern District of New York that “extraordinary circumstances justify this change.” The parties had challenged various aspects of the court’s decision in October. However, with the SEC adopting a more lenient stance on cryptocurrencies…
Singapore’s latest regulatory clampdown on offshore digital-asset firms has triggered a wave of urgent exits and staff restructuring among major crypto exchanges operating in the city-state without a license. Bitget and Bybit, both top-10 crypto exchanges globally by trading volume, are now preparing to shift operations out of Singapore, sources familiar with the matter revealed. Bitget will relocate staff to crypto-friendly jurisdictions such as Dubai and Hong Kong, while Bybit is weighing similar moves. Both exchanges declined to comment publicly. The move follows a final warning from the Monetary Authority of Singapore (MAS), which on May 30 issued a directive…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Ethereum (ETH) is betting big on a future filled with rollups. But in typical Solana (SOL) fashion, the network is taking a different route—one that doesn’t just scale more blockspace, but bespoke execution environments with first-class developer control. You might also like: Warning to builders: L2s are leaking value, L1 appchains are the smarter bet | Opinion Enter network extensions, Solana’s most important—and misunderstood—infrastructure innovation to date. While they’re often compared to sidechains or dismissed as Solana’s…