Coinbase delisted wBTC “due to the unacceptable risk” that the top bitcoin stand-in on Ethereum “would fall into the hands of Justin Sun,” the exchange said Tuesday in response to a lawsuit over its decision. Market observers had previously read between the lines of Coinbase’s November nixing of wBTC. At the time, the exchange cited … Read more
The Web3 ecosystem is often regarded as the next infrastructure of the internet. However, nearly 10 years after the release of the Ethereum white paper, we have very few mainstream applications running on that infrastructure. Meanwhile, we continue to see the emergence of new infrastructure building blocks everywhere: L1, L2, and L3 blockchains, rollups, ZK … Read more
Bitcoin (BTC) is taking a breather, experiencing selling pressure after Tuesday’s indecisive price action marked by a Doji candle. This seems to be a classic case of traders de-risking in anticipation of an expected hawkish Fed rate cut later Wednesday. The leading cryptocurrency by market value traded around $103,750, marking a 2% drop for the … Read more
Cryptocurrency exchange Binance posted a list of “alpha watchlist tokens” to one of its Telegram channels on Wednesday, causing a spike in the mentioned tokens, however it then clarified that the information was “false” which led to the tokens giving up their newfound gains. The post read: “Ready to explore early stage crypto projects?” before … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market is derisking ahead of today’s Fed rate decision. Everyone’s buzzing about the likelihood of another rate cut that will supposedly galvanize risk-taking in the economy and financial markets. Here’s the twist: The central bank is expected to signal three rate cuts for 2025, … Read more
The non-fungible token (NFT) market is showing signs of recovery, Galaxy Research said in a report Monday. NFTs are digital assets on a blockchain that represent ownership of virtual or physical items and can be sold or traded. NFT volumes had been declining for most of the year, but began to reverse in November following … Read more
ZBD, a payment platform powered by the Bitcoin Lightning network, said the Dutch Authority for the Financial Markets (AFM) approved its application for a European Union MiCA license. When MiCA takes effect and the license is granted on Dec. 30, ZBD will be able to offer a wide range of crypto custody and crypto exchange … Read more
An intellectual property (IP) ownership could soon end up in a fight of digital dogs. Own The Doge DAO, a collective that holds the original ‘doge’ meme, on Tuesday said it had acquired the rights to use pet shiba inu Neiro’s images and was holding a community discussion on which NEIRO token can continue to … Read more
IP-backed memecoin Simon’s Cat (CAT) surged 50% Monday after becoming the first cat-themed token to get a coveted Binance spot listing — amid some meme tokens taking the plagiarism heat. CAT zoomed from $0.000039 to a record peak of $0.000067 in early Asian hours Tuesday, data shows, before paring gains. Trading volumes rose tenfold from … Read more
Ripple’s upcoming RLUSD stablecoin is attracting bids upto 836 XRP on onchain marketplaces ahead of its Tuesday release, a sign of frenzy among enthusiasts who may want to be the first to hold the token. These bids range from 500 XRP to as much as 836 XRP as of Asian morning hours on Tuesday, CoinDesk … Read more