Illuvium recently announced plans to distribute 250,000 ILV tokens in an airdrop program worth approximately $25 million. This initiative is aimed at rewarding its community members for their continued engagement within the ecosystem. The airdrop is not only a marketing strategy but also a way to show appreciation towards the loyal members of Illuvium. Out
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In the world of cryptocurrency, bold predictions are not uncommon, and recently, a well-known crypto analyst has made an intriguing forecast regarding Bitcoin. Willy Woo, with his extensive background in analyzing the crypto market, has suggested that Bitcoin could potentially reach a staggering price of $650,000. This prediction is based on the growing market for
The recent approval of spot Bitcoin and Ethereum exchange-traded fund applications in Hong Kong has raised hopes for the growth of the local ETF market. However, Bloomberg ETF analyst Eric Balchunas has expressed concerns about the market’s performance compared to the United States. Balchunas predicts that the Hong Kong ETF market may not attract as
A recent analysis conducted by Bybit, a prominent crypto exchange, has raised concerns about a potential shortage of Bitcoin on exchanges by the end of 2024. The report indicates that reserves could be completely depleted within the next nine months if the current withdrawal rates, which are hovering around 7000 BTC per day, continue. This
The recent surge in the price of the new Solana meme coin, Peshi Cat (PESHI), has caught the attention of many investors in the crypto community. In just a short period of time, PESHI has surged by an astonishing 120x, showcasing the potential for massive gains in the volatile world of meme coins. However, upon
The recent price fluctuations in Ethereum have captured the attention of the crypto community as the cryptocurrency dipped to lows of $2,800 on April 12. This downward trend echoes the broader downturn seen in the overall crypto landscape. However, amidst this volatility, Ethereum whales, the large holders of the cryptocurrency, have made strategic moves that
Avalon, an independent Web3 gaming studio, has recently generated buzz in the gaming industry with its successful $10 million funding round. Led by Bitkraft Ventures and Hashed, this funding aims to propel the development of Avalon’s groundbreaking MMO game. What sets Avalon apart is its commitment to empowering players by allowing them to create, own,
US Senators Elizabeth Warren and Charles Grassley have initiated a formal request for a detailed account of interactions between Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam and disgraced crypto mogul Sam Bankman-Fried (SBF). The request, made through a letter dated April 12, aims to shed light on potential regulatory failures in light of Bankman-Fried’s
The provincial government of Buenos Aires has taken legal action against Worldcoin for allegedly violating consumer laws with its user agreement. The government claims that the agreement contains abusive clauses that allow Worldcoin to interrupt services without providing repair or reimbursement to users. Additionally, users are required to surrender their rights to collective complaints, with
Discussions between House leaders and Senate Majority Leader Chuck Schumer have raised the possibility of taking action on stablecoin legislation during this summer’s session. This key area of financial technology is in need of regulatory clarity, and House Financial Services Chair Patrick McHenry and ranking member Maxine Waters recently met with Schumer to discuss this
