In Brief 20% of top 300 cryptos face major token unlocks. Newer cryptos like Worldcoin, Cheelee show low FDV ratios $3.58 billion in tokens scheduled for unlock this month. A recent study on the top 300 cryptocurrencies by market capitalization reveals that over 20% of these coins have a large portion of their tokens yet…
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In Brief VELO, dubbed “XRP of Southeast Asia,” surged 358% in six weeks. It rebounded from $0.008826 to $0.02873, despite market downturns. VELO enhances cross-border payments with smart contracts. VELO has emerged as the latest sensation in the crypto market, earning the moniker “the XRP of Southeast Asia.” Over the past six weeks, this crypto…
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In Brief Layer3 Foundation launches L3 token, pivotal for Web3. The new token fuels governance, utility in 545 ecosystems. The L3 airdrop aims to engage, reward early supporters. The Layer3 Foundation announced the launch of its new governance and utility token, L3, scheduled for early summer. This initiative marks a major milestone in blockchain and…
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In Brief DOJ selects FRA to monitor Binance after its guilty plea. FRA chosen over Sullivan & Cromwell due to FTX ties. Binance must pay $4.3 billion penalty; CEO sentenced. The US Department of Justice (DOJ) has selected the consulting firm Forensic Risk Alliance (FRA) to oversee Binance. This development follows Binance’s guilty plea to…
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In Brief SBI Holdings and Chiliz form a joint venture for sports fan tokens in Japan. Venture offers interactive experiences and aims to enhance fan engagement. Collaboration with Chiliz and Azuro boost on-chain prediction markets. SBI Digital Asset Holdings, a branch of SBI Holdings that focuses on cryptocurrencies, has joined forces with Chiliz, a top sports…
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In Brief Crypto whale invests $10.4 million in PEPE. The transaction includes 1.238 trillion PEPE. PEPE’s value has risen 29.70% last month. A remarkable transaction has shaken the cryptocurrency market as a crypto whale reportedly invested $10.4 million into meme coin PEPE. This substantial investment, unfolding amid a surge in market activity, has triggered intense…
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In Brief Salvor joins Avalanche for NFT lending, boosts AVAX use. The platform platform supports over 800 NFT collections. The market has seen NFT trading volumes drop over 30%. Avalanche has partnered with Salvor to introduce an NFT lending platform. This strategic move could significantly impact the price of Avalanche’s native cryptocurrency, AVAX, as it enhances…
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In Brief Bybit announces IDO for Nulink, boosting dApps privacy. NLK token launch on May 12, targeting data security. 4M NLK tokens available, with 14,924 participants ready. Cryptocurrency exchange Bybit aims to enhance the decentralized finance (DeFIi) sector with its upcoming Initial DEX Offering (IDO) for Nulink (NLK). Slated for May 12, this event will mark the…
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In Brief Polygon price is currently stuck in consolidation, heading towards the resistance level at $0.746. MATIC holders are exhibiting signs of potential accumulation, which has historically resulted in rallies. Only 33% of the Polygon native token’s supply is in profits, making it eligible for considerable gains. Polygon (MATIC) price awaits strong bullish cues that could propel the altcoin…
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In Brief Cardano names Giorgio Zinetti as new CTO. Zinetti to enhance Cardano’s blockchain tech. Focus on open-source and enterprise solutions. The Cardano Foundation, headquartered in Zug, Switzerland, and responsible for the cryptocurrency ADA, has announced the appointment of Giorgio Zinetti as its Chief Technology Officer (CTO). This initiative highlights the Foundation’s dedication to steering…
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