Quick Look
Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings
Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently...
Bitget COO Apprentices Showcase Talent at the University of Nicosia Event
Victoria, Seychelle, June 13th, 2024, Chainwire Bitget, a leading cryptocurrency exchange and Web3 company, is excited to announce...
US Spot Bitcoin ETFs Reverse Outflows With $100M Inflows
U.S. spot bitcoin exchange-traded funds (ETFs) experienced inflows on Wednesday, following two consecutive days of outflows. The 11...
Solciety, the Solana-based meme coin for the Degens, announces presale
Solciety is a new Solana meme coin launching in presale on June 18. The meme coin combines politics, political buzz and meme coins,...
Terraform Labs to Dissolve After SEC Settlement, CEO Announces
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of...
Egyptian Fintech Startup Sahl Raises $6 Million in Series A Funding Round
The Egyptian fintech startup Sahl has raised $6 million through a Series A funding round. The startup is set to use the capital...
Ripple and Archax Extend Collaboration to Boost Real-World Asset Tokenization on XRP Ledger
Ripple, a leading enterprise in blockchain and crypto solutions, and Archax, the UK’s first regulated digital asset...
Donald Trump Pledges to Champion Bitcoin Mining in Historic Meeting With Industry Leaders
Former U.S. President and presidential candidate Donald Trump has engaged with leaders in the bitcoin mining sector, expressing his...
As UK Elections Approach, Crypto Industry Leaders Turn Attention to Keir Starmer, Labour Party
With U.K. opinion polls indicating a strong performance by the Labour Party in the July 4 elections, crypto executives and...
Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops
A report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage...
VGX Foundation and Honeyland Partner to Offer VGX Rewards for Players
George Town, Cayman Islands, June 12th, 2024, Chainwire The VGX Foundation has announced a partnership with popular web3 game...
Uzbek Court Sentences Student to 10 Days in Prison for Crypto Sales
A 24-year-old Termez State University graduate has been sentenced to 10 days of administrative imprisonment for selling...
MoonPay integrates PayPal for crypto purchases in the UK and EU
MoonPay integrates PayPal for EU and UK crypto purchases using fiat. PayPal, the third most popular payment method in the US,...
Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses
The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s...
MultiversX and Cornell University join forces for blockchain education
MultiversX and Cornell have launched Blockchain Essentials Program for 100 underserved students. The program offers free education,...
Asia’s Gold Rush: Investors Seek Safe Haven Amid Economic Uncertainty
Demand for gold in Asia is surging despite high prices, as buyers seek a hedge against geopolitical and economic uncertainty. In...
Eigen Labs acquires Rio Network to expand EigenLayer blockchain capabilities
Eigen Labs acquires Rio Network and integrates LRT tech into EigenLayer for enhanced staking utility. LRT technology from Rio...
Bill Miller Explains Why Bitcoin Is Still Undervalued
Bill Miller IV, chairman and CIO of Miller Value Partners, has explained why bitcoin is undervalued despite the...
Circle integrated into Solana paving the way for programmable wallets and NFTs
Circle integrates Solana for enhanced Web3 services. The integration brings programmable wallets, gas stations for subsidized...
Bitwise Analysis: AI and Crypto Fusion Poised to Elevate Global Economy by $20 Trillion
Bitwise’s Senior Crypto Research Analyst, Juan Leon, predicts a transformative impact on the global economy as artificial...
B2Broker’s New Generation Copy Trading Platform Shakes up the Market
According to an analysis by The Insight Partners, the copy trading market is predicted to increase from $2.2 billion to $4 billion...
Terraform Labs agrees $4.5 billion settlement with SEC
Terraform Labs is to pay $4.47 billion to settle with the US Securities and Exchange Commission (SEC). The SEC sued Terraform Labs...
12-Month Crypto Gainers: Meme Coins Take 7 of Top 10 Spots
Over the past 12 months, bitcoin (BTC) has appreciated more than 168% against the U.S. dollar, a notable performance compared to...
Azuro Steps Into AI Using Olas to Predict Sports Event Results
Lisbon, Portugal, June 12th, 2024, Chainwire Azuro, the leading liquidity layer for onchain predictions, is using Olas, the...
Report: Major Entities Hold Over 4 Million Bitcoin, Accounting for 27% of Supply
The latest Glassnode onchain report reveals that major labeled entities collectively hold approximately 4.23 million bitcoin,...
Bitget Supports Bitcoin Lightning Network to Propel BTC Ecosystem Advancement
Victoria, Seychelles, June 12th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, is delighted...
Blast’s Rebasing Stablecoin USDB Now Ranks 9th Among Dollar-Pegged Crypto Tokens
A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was...
Doggy AI Presale Reaches Over $101,000 Shortly After Launch
London, United Kingdom, June 12th, 2024, Chainwire Doggy AI (DOGYAI)has swiftly accumulated over $101,000 in its presale shortly...
Ripple Introduces XRPL EVM Sidechain: Bringing Ethereum Virtual Machine Compatibility to XRP Ledger
Ripple has announced the development of a new product, the XRPL EVM Sidechain, which will bring Ethereum Virtual Machine (EVM)...
Pepe, Bonk surge despite sell-off in memecoins
PEPE and BONK look to be defying this outlook with notable gains in the past 24 hours. Respected crypto analyst Michael van de...
Ripple CEO Unveils New Stablecoin Name at XRP Ledger Community Summit
In a significant announcement at the XRP Ledger Community Summit (#XRPL Apex) held in Amsterdam from 11-13 June 2024, Brad...
GBM Auctions Hosts First Charity Bid-to-Earn Auction for Polkadot Ecosystem
London, United Kingdom, June 12th, 2024, Chainwire GBM Auctions has announced the completion of the first charity Bid-to-Earn...
Former Coinbase Business Developer: ‘There Wasn’t a Long-Term Case for Bitcoin Payments’
Nick Tomaino, a former business developer and marketing lead at Coinbase, explained how the idea of bitcoin for payments gradually...
Squads Labs Raises $10 Million in Series A Round, Launches Fuse Smart Wallet
Squads Labs, the team behind the Squads Solana-based smart accounts protocol, the Squads app, and the smart account-enabled wallet...
Floki Name Service Is Live on BNB Chain
Floki Name Service, a decentralized domain name service by the popular meme coin, is now live exclusively on the BNB Chain mainnet....
UBS Recommends Buying Gold Dips Amid Economic Uncertainty
The UBS editorial team, comprising financial analysts and economists at UBS, a prominent global financial services firm, recommends...
Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars
Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an...
Putin Says US Dollar Dominance Diminishing as Use of ‘Toxic Currencies’ Declines
Russian President Vladimir Putin claims U.S. economic policies are diminishing the dollar’s global dominance. “Last...
Rich Dad Poor Dad Author Robert Kiyosaki Sees Bitcoin as the Easiest Way to Become a Millionaire
Rich Dad Poor Dad author Robert Kiyosaki has stated that bitcoin is the easiest way to become a millionaire because the...
Experts Say Dollar Dominance Debate Misses the Point, US Needs Economic Focus
Two experts have explained that the global debate on the future of dollar dominance misses the point because it doesn’t focus on...
BRICS Meeting Highlights Shift to Local Currencies
BRICS Ministers of Foreign Affairs have emphasized using local currencies in trade, reaffirming economic resilience and financial...
Bitwala and Curve Announce Partnership for Digital Wallet Integration
Bitwala, a blockchain banking service based in Berlin, has entered into a partnership with Curve, a digital wallet provider. The...
Largest Bank in Brazil Itau Unibanco Opens Cryptocurrency Trading to All Users
Itau Unibanco, the largest bank in Brazil and all of Latam, has reported the availability of cryptocurrency trading services for...
Google Searches For “Onchain” Exploding As Galaxy Fox Game Goes Viral
Google Trends data shows search for “onchain” at record highs Galaxy Fox P2E game went viral less than a month after launching...
Polygon Unveils $1 Billion Grant Program to Foster Blockchain Development Over Next Decade
Polygon has announced a $1 billion Community Grants Program, set to roll out over the next ten years, aimed at supporting...
PENDLE price outlook as whale deposits tokens on Binance
Pendle (PENDLE) price dips 3% to near key support area. A whale has deposited 755k PENDLE tokens on Binance. Arthur Hayes has also...
US Senators Urge Federal Reserve to Cut Interest Rates — Warn Fed Policy Threatens Economy, Risks Recession
Three U.S. senators have urged Federal Reserve Chair Jerome Powell to cut interest rates, arguing that high rates stifle the...
Binance Labs Invests In Zircuit To Advance L2 With AI-Enabled Sequencer Level Security
George Town, Grand Cayman, June 11th, 2024, Chainwire Binance Labs, the venture capital and incubation arm of Binance, has invested...
Meme Coin Craze Drives Solana’s Token Issuance to New Heights
According to statistics, 115,773 tokens were issued on the Solana blockchain, and 30-day metrics show that more than half a million...
Ripple finalizes acquisition of Standard Custody
Ripple has completed the acquisition of Standard Custody & Trust Company, according to a news release published on Tuesday. The...
Nigerian Minister: Binance Fails to Pay Taxes on Over $20 Billion Turnover
In 2023, Binance generated revenues exceeding $20 billion in Nigeria; however, the company has not paid taxes, a government...
Bitcoin dips below $68k as Bitbot develops its staking feature
Key takeaways Bitcoin has dropped below $68k following a poor start to the week. Bitbot is working on its staking feature after...
Uniswap Labs Acquires Onchain Survival Experience Crypto: The Game
Uniswap Labs has announced the acquisition of Crypto: The Game (CTG), an onchain experience mimicking mainstream TV shows like...
Solana Launches Mainnet Beta v1.18.15 Upgrade to Address Network Stability
Solana has recommended validators in the network upgrade to the latest Mainnet Beta 1.18.15, which includes several fixes to...
Abu Dhabi Regulator, ADGM, Signs Digital Assets MoU With Bermuda Monetary Authority
The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the Bermuda Monetary Authority (BMA)...
Study: 14% of ‘Early Adopter’ Kiwis Own Cryptocurrency; Majority Favor It Over Real Estate
At least 14% of New Zealanders surveyed said they have owned cryptocurrency or held digital assets in the past. The findings...
Gold Production Struggles Despite 2024 Q1 Surge
The gold mining industry struggles to sustain production growth due to declining new deposits, reports the World Gold Council...
FTC Warns of Crypto Scams From Online Love Interests
The U.S. Federal Trade Commission (FTC) has issued a warning about cryptocurrency romance scammers who offer investment advice. The...
HSBC China Introduces Digital Yuan Services for Corporate Clients
HSBC Bank (China) Ltd. announced on Friday the launch of digital yuan (e-CNY) services for corporate clients, becoming one of the...
South Korean Regulator Excludes Certain NFTs From Crypto Regulations
South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual...
Modi Reappoints Nirmala Sitharaman as India’s Finance Minister — Investors Remain Concerned Over High Crypto Taxes
Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister. She remains instrumental in shaping...
DOJ and FBI Unveil Charges Against 3 UK Nationals in NFT Rug Pull Scam
The U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) have unveiled charges against three UK nationals...
Uniswap Labs acquires Crypto: The Game
Uniswap Labs announced the acquisition of Crypto: The Game (CTG) on Monday. The price of UNI, the native token of the Uniswap...
Surge in Digital Asset Investments Following SEC ETF Approvals, Coinshares Reports
Digital asset investment products have witnessed significant inflows totaling $2 billion, marking a strong five-week streak that...
Monero price defies gravity ahead of the BitBot token launch
Monero price continued to defy gravity as it surged to its highest point since January 30th. It has surged by over 80% from its...
Zksync Introduces Community Governance With ZK Nation
Zksync, an Ethereum layer two (L2) network developed by Matter Labs, has launched a new community-driven governance system named ZK...
Nigerian Interest in Crypto Persists Despite Crackdown; Meme Coins Prevail in Country’s North
In the northern states of Katsina and Borno, residents are increasingly interested in the meme coin dogecoin. Meanwhile, in Delta...
Privacy Coin XMR Rebounds After Mid-April Low Climbing 37% in 30 Days
The privacy coin monero (XMR) has experienced a 7.7% increase in the last 24 hours and a 16.5% rise over the past week. Monero...
New BRC-20 Token 99Bitcoins Raises $2M in Presale as Analysts Forecast 10x Gains
The 99Bitcoins Token (99BTC) is shaking up crypto education – and gaining traction in its presale phase. With over $2 million...
Onchain Alerts Uncover $19 Million Siphoned From Defi Protocol Uwu Lend
On June 10, the onchain intelligence platform Arkham revealed that the decentralized finance (defi) protocol Uwu Lend may have...
Polkadot Allocates $14.4M to Boost DeFi with Hydration
Gibraltar, Gibraltar, June 10th, 2024, Chainwire Polkadot’s leading DeFi project – Hydration, is thrilled to announce that it has...
Social Media Influencer Dan Bilzerian Contemplates Cryptocurrency Venture
In a recent social media post that garnered over a million views, Dan Bilzerian, the American poker player and businessman known...
Crypto investment products inflows hit $2 billion last week, BTC dominates
Crypto investment products saw inflows of $2 billion last week According to CoinShares, the inflows reached a 5-week streak, with...
Rapper Iggy Azalea to Sell Phones and Cell Plans for MOTHER Token or Sol
Australian rapper Iggy Azalea, co-founder of a telecommunication company, has announced the relaunch of the company with a unique...
6 US Banks Face Moody’s Downgrade
Moody’s has initiated a review for potential downgrades of six U.S. regional banks due to their considerable exposure to...
Inflation Explained: What It Is and Why It Happens
While many are familiar with inflation, which indicates a decline in currency purchasing power alongside a general rise in the cost...
Bitcoin Core’s Latest Optech Newsletter Urges Upgrade to Version 25.0, Discusses New Vulnerability Disclosure Policy
Bitcoin Core’s Optech Newsletter #306 is recommending users to, “to upgrade to Bitcoin Core 25.0 or higher within the...
30 Countries Seek to Join BRICS, Russian Ambassador to China Says
Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic...
‘First Citizen’ of Bitcoin City Leaves El Salvador After Waiting Over 2 Years for Its Construction
Corbin Keegan, a U.S. national who self-proclaimed himself as the first citizen of Bitcoin City, has temporarily left El Salvador...
Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining
David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will...
Elliptic Study Finds AI-Enabled Crime in Cryptocurrency Remains in Early Stages
A new study has found that crimes enabled by artificial intelligence in the cryptocurrency ecosystem are still in their nascent...
Intel Partners With African Development Bank to Train 3 Million in Advanced AI Skills
The African Development Bank (ADB) and Intel have announced a significant partnership to train three million Africans and 30,000...
Andrew Tate Burns Over $10 Million Received in Meme Coin TOPG
Known lifestyle influencer and former kickboxer Andrew Tate has burned TOPG tokens valued at over $10 million after announcing it...
Report: Speculation Returns as Bitcoin Market Shows Signs of Recovery
Glassnode’s latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of...
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed...
Bitcoin Premium in South Korea Increases, Reflecting Strong Local Demand
After falling below $70,000, bitcoin has stabilized above the $69,000 mark. In contrast, South Korea has seen a notable rise in the...
$16B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of Total
Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged...
Polymarket Bets Show Growing Confidence in Trump’s Election Victory Over Biden
Ten days ago, after former President Donald Trump was convicted on 34 counts connected to a hush-money scheme, Polymarket bets...
Is GameStop Legend Roaring Kitty About To Ignite The Crypto Bull Run? Whales Are Scooping Up These 2 Altcoins
After years of inactivity, the legendary trader Keith Gill, known as Roaring Kitty on X, came to life last week. The resurgence of...
Latam Insights: Mexican Billionaire Ricardo Salinas Recommends Purchasing Bitcoin, Cardano Partners Argentine Province
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In...