Author: NBTC
Guru Network (GURU) took the lead, surging by an impressive 103.8%. This surge has captured market attention, pushing the token’s price to $0.02, with a market cap of $4.4 million. GURU’s performance underscores a significant upward trend, suggesting growing interest and demand in niche sectors of the crypto space. DAILY GAINERS$GURU +103.8% $AURORA +38.6% $DEEP +22.9% $SIDUS +22.7% $PROS +22.7% $NGL +19.1% $NAVX +17.9% $SNS +16.7% $PNG +16.6% $CPOOL +15.1%#dailygainers pic.twitter.com/atgJrNFcrj — PHOENIX – Crypto News & Analytics (@pnxgrp) October 29, 2024 Trailing behind GURU, Aurora (AURORA) recorded a robust gain of 38.6%, reaching a current price of $0.15 and…
In recent years, the United States Attorney’s Office for the Southern District of New York (SDNY) has been one of the toughest in the country on digital asset crime. However, as Donald Trump takes power after his election victory, the office will allocate fewer resources to the sector to focus on higher priority areas, one senior prosecutor has revealed. Scott Hartman, co-chair of SDNY’s Securities and Commodities Fraud Task Force, admitted that the office would reduce its focus on ‘crypto’ crime after five years of intense crackdowns. “We brought a lot of big cases in the wake of the crypto…
A new Jupiter DAO governance proposal created by Meow, the pseudonymous co-founder of the Solana decentralized exchange (DEX) and token launchpad, seeks a 70% “yes” vote to airdrop 700 million JUP tokens to the community in January—as well as another 700 million JUP tokens sometime after that. All told, that’s nearly $1.5 billion worth of JUP at the current price. Those who stake the JUP token via Jupiter are eligible to vote on the proposal, earning voting power in a 1:1 ratio with the amount of JUP staked. Voting on the proposal, which is designed to reward “real humans and…
Today, enjoy the Forward Guidance newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Forward Guidance newsletter. Looking back, ahead after BTC breaches $69K We’ve heard the-stage-is-set-for-a-big-bull-run narrative for a while. The difference now is that bitcoin’s price is actually reflecting that sentiment (or was, at least). And the election, which was not far off before, is even closer now (that’s how time works, wouldn’t ya know). Bitcoin hit roughly $69,400 over the weekend. It stood at around $67,350 at 2 pm ET Monday — down about 2% on the day but up 7%…
The Donald Trump-backed cryptocurrency platform World Liberty Financial got off to a sluggish start, with investors buying far fewer of its WLFI tokens than the project hoped for. But now, Chinese-born crypto billionaire Justin Sun has just given it a significant boost, buying $30 million worth of WLFI. World Liberty is a decentralized finance (DeFi) platform backed by the incoming U.S. president and all three of his sons. The project is run by a circle of Trump world insiders, crypto entrepreneurs and financial figures. Sun, meanwhile, is best known for establishing TRON, a blockchain platform mostly popular in Asia. He…
Gold-backed tokens stabilize value by linking cryptocurrency to physical gold reserves. Ripple’s XRP cuts costs by reducing bank-held reserves in international transfers. XRP supporters debate if a gold peg enhances or limits XRP’s liquidity role. The World Gold Council, alongside the Bank for International Settlements (BIS), is accelerating plans to introduce gold-backed stablecoins. This move reinforces gold’s position as a Tier 1 asset under Basel III standards and aims to stabilize digital assets by linking them to physical reserves. The World Gold Council and #BIS are fast-tracking efforts to introduce gold-backed stablecoins, which reinforces gold’s tier 1 status under Basel…
Crypto tokens classified as securities have been a hot-button issue within the digital asset space. Instead, Stuart Alderoty, Chief Legal Officer at Ripple, advocates for a simplified approach to crypto regulation. He asserts that only tokens with equity or profit rights should be classified as securities. This approach can, he says, reduce legal ambiguity. Alderoty believes this targeted approach would better align with established securities law and offer clarity for all parties involved. These cases occur when tokens embody financial rights like equity, debt interests, or entitlements to profits or liquidation proceeds. Simplifying these criteria reduces legal ambiguity and supports…
A widely followed crypto analyst says that Bitcoin (BTC) is gearing up for a new vertical leg as it mirrors past movements of a major stock index. The pseudonymous analyst known as TechDev tells his 473,000 followers on the social media platform X that Bitcoin could enter into a bull market that many won’t be able to catch. While most crypto market participants view BTC price in terms of four-year halving-based cycles, TechDev suggests that Bitcoin could be in the early innings of an eight-year-long bull run. He shares a chart showing similarities in price surges between Bitcoin and the…
The Ethereum (ETH) ecosystem is constantly expanding, and one of the important processes that have emerged is the burning of ETH. Burning denotes the process by which some Ethereum is sent to a special address and is effectively taken out of circulation, thus commonly known as supply reduction. Cumulatively, 9,892 ETH were burnt this week, which is equal to $33.3 million. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #Metamask #1Inch #0xProtocol $ZRX #GnosisChain #MANTRA $OM #Paraswap #Aave $AAVE #KyberSwap #Pendle pic.twitter.com/bph7nJh9fh — PHOENIX – Crypto News & Analytics (@pnxgrp) November 24, 2024 Uniswap Dominates the ETH Burn In the last week…
Some 175 million of locked up TIA will be released on Oct. 30 including to early investors, increasing the token’s supply by 80%. The unlock may lead to “some pronounced effects,” as the amount of released tokens is multiple times larger than the average daily trading volume, Anagram partner David Shuttleworth said. The native cryptocurrency of data availability blockchain Celestia (TIA) braces for volatility due to its massive supply event on October 30, which will nearly double the number of tokens in circulation. Some 175 million of previously locked-up TIA, 80% of the current supply, will be released on Wednesday,…