Following a tumultuous period marked by financial turmoil and scandal, FTX and its associated debtor entities are set to initiate their Chapter 11 reorganization plan on January 3, 2025. This date represents a significant milestone, as it has been designated as the initial distribution record date for holders of allowed claims within the plan’s convenience
Crypto
Lido, a leading protocol in the realm of liquid staking, has recently made headlines with its decision to phase out operations on the Polygon network. This move signifies not only the end of Lido’s venture into Polygon but also highlights the changing dynamics in decentralized finance (DeFi). After extensive discussions and a community vote, LDO
In a groundbreaking move for the realm of cryptocurrency, Aurora Labs, the brains behind the innovative blockchain Aurora which operates on the Near Protocol, has introduced a new decentralized trading platform tailored specifically for its AI meme coin, Turbo (TURBO). This announcement, as reported by CryptoPotato, highlights the launch of two vital components: TurboChain and
In the cryptocurrency market, the announcement of a new exchange listing can act as a powerful catalyst for price movements, especially for lesser-known tokens. This phenomenon is particularly evident during bullish market phases when investor enthusiasm amplifies the effects of such news. A recent case study involving the MOCA Network token (MOCA) showcases how an
In a striking intersection of animal rights activism and the rapidly evolving cryptocurrency landscape, Mark Longo, better known as Squirrel Dad, has initiated legal proceedings against Binance, a prominent cryptocurrency exchange. Longo’s claims center around the alleged unauthorized use of his intellectual property, specifically relating to his beloved rescue squirrel, Peanut, who achieved internet fame
As we approach the end of 2023, the cryptocurrency sector stands on the brink of transformation. The recent acceleration in market growth, fueled notably by the recent U.S. presidential election, has set the stage for a more robust 2025. Recent insights from Nansen, a prominent on-chain analytics platform, reveal key institutional trends likely to shape
The Ronin blockchain, an innovative Layer 1 solution from Sky Mavis, has recently captured attention with its remarkable growth in decentralized finance (DeFi). In the third quarter of 2024, the total value locked (TVL) in Ronin’s DeFi ecosystem surged by an astonishing 149% year-over-year, reaching a staggering $147 million. This significant increase can be attributed
In an impressive maneuver showcasing confidence in the burgeoning world of cryptocurrency, Nano Labs—a fabless integrated circuit design powerhouse from China—has finalized a substantial private placement raising $36.25 million. Initially disclosed in the previous November, the deal involved the issuance of over 5.6 million Class A ordinary shares priced at $6.46 each. This effective capital-raising
In its recent end-of-year report, Robinhood Crypto has unveiled significant strides made throughout 2024, underscoring a remarkable period of growth in both the American and European markets. Marking the anniversary of its European market entry, the report highlights an impressive notional trading volume of $119 billion and $38 billion in crypto assets under custody as
The cryptocurrency landscape has been electrified by Bitcoin’s approaching attempt to breach the pivotal $100,000 mark. This moment heralds not only a significant psychological barrier but also serves as a potential launchpad for unprecedented price escalations. As evident from recent charts, Bitcoin has established a series of higher highs and lower lows after experiencing a
