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Oh, boy. This one is definitely not pretty.  The PENGU token —the much-anticipated token from the Pudgy Penguin collection— went through a rollercoaster this week shortly before crashing on major exchanges. Data shows the token experienced a sharp drop of over 50% following its airdrop to Pudgy Penguins NFT holders. After initially spiking to US$0.068 …

Pudgy Penguins Token PENGU Starts Trading, Tumbles on Major Exchanges Read More »

Crypto and stock markets have crashed following statements made by the chair of the US Federal Reserve, Jerome Powell, on Wednesday.  The Dow Jones Industrial Average dropped by 1,100 points, the S&P 500 was down by close to 3% and the Nasdaq composite tumbled by more than 3.5%, while Bitcoin dropped 5%, Ethereum and Solana …

Fed Chair Powell’s Rate Cut and Bitcoin Ownership Remarks Trigger Market Commotion Read More »

MicroStrategy’s co-founder Michael Saylor said he’s willing to advise President-elect Donald Trump on cryptocurrency-related matters if asked.  In an interview on Bloomberg Open Interest, Saylor said: MicroStrategy’s Classification Issues MicroStrategy will join the Nasdaq-100 index on December 23, alongside Palantir Technologies and Axon Enterprise. These firms will replace Super Micro Computer, Moderna and Illumina.  But …

Michael Saylor Open to Advising Trump Administration on Crypto Strategy Read More »

On Tuesday, the Solana blockchain saw record network activity as the Pudgy Penguins NFT project launched its native token, PENGU.  The network saw 9 million transactions, its highest single-day tally since its 2020 debut, according to data from Artemis. This volume exceeded the combined total of all other major blockchains. Related: Bitcoin ATH Stops Short …

Solana Blockchain Hits New Records After PENGU Token Launch Read More »

Arthur Hayes is back at it with his end-of-year blog post – and it’s a doozy. If you’ve got about thirty minutes, it certainly makes for an interesting (and oftentimes humorous) read. But if you don’t, you’re in luck – I’m here to break it down for you. The crux of Hayes’ latest opinion piece …

BitMEX Co-Founder Hayes Predicts ‘Harrowing Dump’ Post-Trump Inauguration Read More »

Have you ever heard of a crypto project being released ahead of schedule? If not, may I introduce you to Kraken’s L2 scaling solution, Ink? The global crypto exchange announced the launch of its Ethereum Layer-2 network last night, coming months earlier than its proposed 2025 debut. The move comes as part of the broader …

Kraken Launches Layer-2 Network Ink, Boosted by Optimism Foundation’s 25M Token Grant Read More »

Bitcoin and Co are on a downtrend which started two days ago when the number one crypto made a new all-time high at US$108,268 (AU$173,651). Since then, BTC has dropped by about 9%, with 3% in the past 24 hours alone. At the time of writing Bitcoin trades for US$97,482 (AU$156,409), as data from CoinMarketCap …

Crypto Crash Deepens as Market Sees Over $1 Billion in Liquidations in Past 24 Hours Read More »

Crypto gaming project Pixelverse announced the launch of a new tactical deck builder game which consists of turning popular cryptocurrency memes into playable characters. In MemeBattle, players can build squads using characters modeled after well-known meme coin mascots, including Brett, Toshi, Keyboard Cat, Dog in Me, Mr. Miggles, Mochi and Ski Mask Dog. Players will …

Pixelverse Unveils MemeBattle: New Deck Builder Game Brings Crypto Memes to Life Read More »

This week, 21Shares registered its Polkadot Trust in Delaware, in an attempt to provide accredited investors with exposure to Polkadot’s smart contract ecosystem. The asset manager launched the first Polkadot exchange-traded product (ETP) in Europe in 2021, listing it on the SIX Swiss Exchange.  Related: Solana Blockchain Hits New Records After PENGU Token Launch But …

21Shares Registers Polkadot Trust, as Bitcoin ETFs Continue Adding Billions in BTC Read More »

Crypto’s biggest gaming group, the Blockchain Gaming Alliance (BGA), has unveiled its report for 2024 – revealing just how far the GameFi industry has come in the past 12 months. The release highlights some exciting steps the blockchain gaming sector has taken, in a shift likely to continue into the new year. Much of the …

Australian Leaders Spearhead Revolutionary Trends in Blockchain Gaming Read More »