PENGU is finally getting serious consideration this week, with indications of strength straight out of the derivatives market. Open interest has spiked to $591 million, while overall derivatives volume detonated to more than $4.43 billion. That’s a 35% jump in open interest and a massive 291% spike in volume, based on data from Coinglass. This…
Ondo Finance is back in the spotlight after a major development in the institutional investment landscape. 21Shares, a prominent issuer of crypto exchange-traded products (ETPs), has submitted a preliminary application to the US Securities and Exchange Commission (SEC) for a spot ETF that would track the performance of ONDO, the native token of the decentralized…
According to Andrew Keys, co‑founder and chairman of the Ether Machine, Bitcoin feels like yesterday’s tool. He told CNBC’s Squawk show on July 21 that he’d “rather have an iPhone than a landline.” Keys went on to say he owns zero Bitcoin, staking his entire belief on Ethereum. That move puts him in a small…
As Bitcoin (BTC) continues to trade near its all-time high (ATH) of $123,218, concerns over rising exchange deposits are mounting. However, fresh on-chain data reveals a significant contrast between the current rally and previous ones – most notably, a decline in BTC deposits to exchanges. Bitcoin Flow Pulse Shows Low Exchange Activity According to a…
An Ethereum maxi has likened Bitcoin (BTC), the largest cryptocurrency, to an outdated “landline,” claiming Ethereum (ETH) is the superior blockchain. Calling ETH the “iPhone” of crypto, the supporter argues that its smart contract capabilities and role as a leading tokenization platform give it a clear advantage over BTC. Why Ethereum Trumps Bitcoin In a…
FTX has announced the next milestone in its bankruptcy repayment process. The exchange will initiate its upcoming distribution round on September 30, 2025, with August 15 set as the official record date. The payout will include Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and newly allowed Convenience Claims that have not yet…
Park Gyuri, a founding member of the K-pop girl group Kara, is facing fresh crypto allegations, days after telling a court she did not participate in her ex-lover’s alleged altcoin fraud operations. The case revolves around a low-cap art-themed altcoin named Pica Coin and its alleged mastermind Song Ja-ho, Park’s ex-boyfriend. At the time of…
Litecoin (LTC) is picking up speed. The coin is now trading at $116 after rising 20% over the last seven days. Trade volume has also jumped by 1.30%, hitting $1.27 billion. That’s a clear sign of growing activity. Over the past week, LTC has surged by 24%, reaching a high of $119.21. For many traders…
The House is considering a proposal that would require the Department of Veterans Affairs to examine how distributed ledger technology, such as blockchain, can enhance the agency’s claims systems. The “Veterans Affairs Distributed Ledger Innovation Act of 2025” (H.R. 3455), introduced May 15 by Rep. Nancy Mace, passed its first checkpoint with a June 11…
The FTX Recovery Trust has set Aug. 15 as the record date for its next distribution to creditors, with payments expected to begin around Sept. 30, according to a statement released on July 23. The window covers holders of allowed Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims under the confirmed plan,…