Trading
Stablecoins
USDM emerges as Cardano inaugural fiat-anchored stablecoin in a buoyant market
The overall stablecoin market has witnessed a resurgence, with its total market capitalization now at a 2-year high.
DeFi
Solana establishes new all-time high against Ethereum with robust DEX trading activity
Solana's market capitalization has hit a record new high amid the blockchain community's memecoin mania.
Culture
Amid investor craze Solana memecoin founder accidentally burns $10 million pre-sale tokens
Over the weekend, Solana-based memecoins pre-sale frenzy had generated around $100 million.
Crypto
Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfire
JPMorgan analysts believe MicroStrategy's debt-funding approach to Bitcoin purchases could worsen a market downturn.
Exchanges
Hong Kong SFC expands violations list adding MEXC for unlicensed operations
Hong Kong's SFC said it might take enforcement actions against MEXC for its unlicensed operations.
Crypto
El Salvador receives Bitcoin donation after revealing on-chain address
El Salvador's Bitcoin reserves surpass expectations, hitting $383 million.
Crypto
US senators push SEC to reject other crypto ETF proposals, casting doubt on Ethereum ETF approval chances
Coinbase's legal chief Paul Grewal said the SEC risks facing legal battles if it decides against approving Ethereum ETFs.
Crypto
Bitcoin’s sudden price correction wipes out over $666 million from long traders in 24 hours
Market observers explained that the major Bitcoin price correction was caused by inflation fears.
DeFi
Hackers like Lazarus continue to use Tornado Cash despite US sanctions
Elliptic said Lazarus Group's return to Tornado Cash reflects the authorities' inability to curb the mixer's operations effectively due to its decentralized nature.
Technology
Zero Knowledge protocol Polyhedra Network valued at $1 billion despite recent token theft
Polyhedra has eyes on bridging the Bitcoin and Ethereum ecosystems.
Exchanges
Nigeria ‘not yet one of its top markets’ says Binance, despite high crypto adoption in African country
Binance asserts support for Nigeria's fintech future in face of government scrutiny.
Exchanges
Crypto.com hit with €2.85 million fine by Dutch Central Bank for regulatory noncompliance
Information on the regulator website show that the exchange has lodged an appeal against this fine.
