Yearn.Finance’s governance token (YFI) experienced a significant drop of over 43% in just five hours on November 18th, causing concerns among investors about a possible exit scam. This sudden decline resulted in the loss of over $300 million in market capitalization from November’s gains, according to CoinMarketCap data. The YFI token, which had previously surged
Saturday November 18th 2023 – Move over Rollbit as GameFi sensation TG.Casino raises $2.5 million after raising $300,000 in one day, leaving less than 50% of $TGC tokens available to buy in its ongoing presale. The breakout of GameFi tokens such as Rollbit’s $RLB has been one of the key outperformers in the 2023 crypto
Tech firm Republic has made an exciting announcement, revealing its mission to democratize private market investing. To achieve this, Republic has selected Avalanche as the platform for launching its profit-sharing digital asset, the Republic Note (R/Note). This move marks a significant step forward in making private market investing accessible to a wider audience. Republic chose
Fidelity, one of the world’s largest asset management firms with a whopping $4.5 trillion in assets, has recently made a move to seek approval for a spot Ethereum (ETH) exchange-traded fund (ETF). This development comes as Fidelity filed a proposal with the United States Securities and Exchange Commission (SEC) on November 17th, outlining its plans
Leading U.S. crypto exchange Coinbase has unveiled a groundbreaking protocol for on-chain payments, signaling a significant step towards revolutionizing the way cryptocurrencies are transacted. The new open-source Onchain Payment Protocol is a major update to Coinbase’s Commerce product, and it aims to simplify and standardize the process of on-chain payments across multiple platforms and networks.
The decentralized finance (DeFi) market has proven to be one of the most exciting and volatile sectors in the cryptocurrency industry, second only to Bitcoin (BTC). In 2020, the DeFi sector experienced a monumental bull market, with the total value locked (TVL) in decentralized finance protocols soaring from $1 billion to over $100 billion. However,
In a recent filing with the Securities and Exchange Commission (SEC), Fidelity Investments has thrown its hat into the ring by submitting a proposal for an Ethereum exchange-traded fund (ETF). This move follows their earlier proposal for a Bitcoin ETF, which showcases Fidelity’s interest and confidence in the cryptocurrency market. While Fidelity’s Ethereum ETF proposal
A recent report by Bloomberg analyst Eric Balchunas suggests that securities regulators are advising spot Bitcoin ETF applicants to handle funds in a specific manner. The report reveals that the Securities and Exchange Commission’s (SEC) Trading & Markets division has engaged with exchanges, urging ETFs to opt for cash creates instead of in-kind creations. This
The meme token BABYGORK has captured the attention of traders with its astounding 176% surge in the past 24 hours. This remarkable rise to $0.0004192 resulted in a staggering gain of nearly 10,000% since its listing on Uniswap just yesterday. Undoubtedly, such performance is impressive, but it is crucial for traders to approach this token
GS Partners, a prominent company operating in the Web3 domain, has recently found itself in the midst of a regulatory storm across various U.S. states. Accusations of violating securities laws, making false claims, and withholding information regarding the sale of unregistered tokenized assets to retail investors have been leveled against GS Partners and its affiliated
