OKB, a global utility token issued by the OKX, surged nearly 170% within an hour on Wednesday after the platform revealed a sweeping tokenomics overhaul, including a one-time burn of more than 65 million tokens. Key Takeaways: OKB surged nearly 170% in an hour after OKX announced a 65M token burn. The “PP upgrade” to…
Dogecoin (DOGE) has surged more than 6% in the past 24 hours, sitting above a resilient $0.2307–$0.227 support zone. The crypto has rallied 17.75% in the past week, despite a small retrace. Doge is trading at $0.2365 at press time according to CoinMarketCap data. Source: Trading View If bullish momentum continues, the chart signals a…
Pantera Capital has committed $300 million to a growing niche of companies that hold significant digital asset treasuries, arguing that their performance could outpace crypto exchange-traded funds (ETFs). Key Takeaways: Pantera Capital has invested $300M in digital asset treasury companies. Its portfolio includes firms like BitMine, now the largest Ether treasury holder. BitMine’s shares have…
Grayscale Investments has registered two new statutory trusts in Delaware for Cardano and Hedera, signaling it may be preparing to launch spot exchange-traded funds for both assets. The filings, dated Aug. 12, list the entities as the Grayscale Cardano Trust ETF and the Grayscale Hedera Trust ETF, both organized as general statutory trusts. The registrations…
Several major US banking associations are urging Congress to tighten new stablecoin regulations, warning that a gap in the GENIUS Act could allow issuers to skirt restrictions on paying interest to holders. Key Takeaways: TUS banking groups want Congress to close a GENIUS Act loophole allowing stablecoin yield via affiliates. They warn yield-bearing stablecoins could…
Solana (SOL) has developed a golden cross formation on its daily chart, a bullish technical pattern that has historically preceded extended rallies, delivering gains of at least 40% for the altcoin. This pattern previously drove SOL from $155.01 to $293.00 within just seven days in October 2024, when identical conditions emerged. The golden cross materializes…
As the broader altcoin season remains muted, selective interest is forming around tokens with utility, governance, and active upgrade paths. Traders are watching Tezos, Uniswap, and Aave for signs of an emerging rotation. Tezos Gains 5% in 24 Hours Tezos (XTZ) is currently trading near $0.89. The network has doubled in value since early June,…
Tron is extending its growth momentum during this latest market phase, just weeks after going public, solidifying its position as a leader in stablecoin settlements. The network has continued to capture attention with its expanding ecosystem and consistent transaction activity, particularly in the stablecoin sector. Recent developments in the United States are also setting the…
Safety Shot, the company behind Yerbaé’s plant-based beverage designed to reduce blood alcohol content, has made its debut in the crypto market through a strategic partnership with BONK founding contributors. The collaboration includes an initial allocation of $25 million in BONK tokens as part of a comprehensive BONK treasury initiative. $BONK contributor @TheOnlyNom announces first…
World Liberty Financial’s deal with ALT5 Sigma Corporation has set the first market value for WLFI, the Trump-backed DeFi project’s token, at $0.20, marking its debut valuation since the token’s sale last year. Key Takeaways: ALT5’s share swap with World Liberty Financial set WLFI’s first valuation at $0.20. Several institutional investors and venture capital firms…