In Brief Decentraland launched its desktop app, boosting accessibility and engagement. The annual music event and MANA token’s 100% surge highlighted its growth. The Sandbox hosted Alpha Season 4, offering a $2.5M reward pool. This drove SAND’s trading volume to $1.91B and a price surge of nearly 150%. Floki delayed its metaverse game Valhalla’s mainnet…
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In Brief Solana is experiencing a surge in activity driven by the growing popularity of meme coin thay has pushed transaction fees higher. Over the past week, the high fee situation helped the blockchain network earn over $78 million in fees, surpassing rivals like Ethereum. Market observers have raised concerns about potential congestion and higher…
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In Brief BTC miner reserves have dropped to 1.81M BTC, a year-to-date low, as miners sell coins to secure profits or offset rising operational costs. Negative miner netflow highlights sustained sell-offs, signaling potential downward pressure on BTC’s price. Parabolic SAR remains bullish, suggesting BTC could reclaim $99,860 and break $100K if buying pressure outweighs miner…
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In Brief Crypto exchange Kraken has expanded its token listing roadmap to include 19 tokens, including popular Trump-linked meme coins. The move comes amid optimism that the incoming Trump administration’s pro-crypto stance will create a more favorable regulatory environment. Despite ongoing SEC legal challenges, Kraken and other exchanges are capitalizing on market momentum to expand…
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In Brief Trump is reportedly planning to create a permanent crypto advisor position for the White House. The advisor might act as a bridge between Congress, regulators, and the White House on crypto policy. The role aligns with Trump’s campaign promises to support Bitcoin-friendly reforms and initiatives. President-elect Donald Trump is reportedly considering a permanent…
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In Brief Nvidia’s Q3 revenue rose 95% year-over-year to $35.1 billion, beating forecasts. The Data Center segment saw a 111% surge, contributing $30.8 billion. Net income for the quarter jumped 109% to $19.3 billion, with a Q4 forecast of $37.5 billion. Nvidia Corporation announced on Wednesday a significant 95% increase in revenue for the third…
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In Brief The SEC has distributed $4.6 million to investors affected by BitClave’s failed 2017 ICO, which raised $25.5 million. BitClave agreed to pay $29 million to a restitution fund but had only contributed $12 million as of early 2023. Eligible investors filed claims by August 2023, and the SEC completed the review process in…
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In Brief Narrative Shift Sparks Interest in AI Coins & Memecoins: These categories lead with 50.4% of mindshare, redirecting focus from BTC and ETH. Altcoin Market Cap Hits $837 Billion: A 35% gap from its 2021 peak suggests untapped growth potential for alternative coins. Investor Rotation Drives Momentum: Capital flows into new narratives, signaling a…
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In Brief BTC has slipped from its peak of $93,495 as long-term holders cash out over $3 billion, marking the largest sell-off in 5 months. Market indicators signal potential correction, with BTC’s MVRV ratio at 182.06%, hinting the coin may be overvalued. If selling continues, the next support level near $83,983 looms, though renewed demand…
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In Brief Russia plans to ban crypto mining in occupied Ukrainian regions, including Donetsk, Lugansk, Zaporizhia, and Kherson. Seasonal mining restrictions will apply in Siberia from December 2023 through March 2031, with a full ban in some areas starting December 2024. Authorities cite electricity shortages during winter as the main reason for the mining crackdown.…
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