Author: John Smith
Token unlock events are becoming significant moments that can swing market sentiment and impact token values. One of the latest developments is Celestia’s substantial release of 176 million TIA tokens, which has triggered notable selling pressure and raised questions among investors and analysts. Token unlocks like this one typically draw mixed reactions: while some view them as a healthy way to expand token distribution, others fear they could lead to a flood of new tokens on the market, potentially lowering prices. In the case of Celestia, the reaction has been swift. TIA’s price has dropped sharply following the unlock, with…
Ending the year on a high note, December’s sales of non-fungible tokens climbed to $877 million, making it the second-best month in 2024. Blockchain-based digital collectibles had a strong December, with $877 million in sales, making it the second-best month of 2024. This boost wrapped up a wild year for the NFT market, which saw a sharp recovery in the last quarter. CryptoSlam data shows that NFT sales for 2024 finished at $8.83 billion, surpassing 2023 by over $100 million. While the 1.1% growth might not seem huge, it highlights the market’s ability to bounce back after months of falling…
Binance will list Solv Protocol’s native token SOLV on Jan. 17 after airdropping the token on its Megadrop platform. In a Jan. 6 announcement, Binance revealed that spot trading for SOLV, the native token for Solv Protocol (SOLV), on Jan. 17 at 10:00 UTC, offering trading pairs with USDT, BNB, FDUSD, and TRY. Upon listing, the token’s circulating supply would be 1,482,600,000 SOLV tokens, which represents 17.65% of the token’s genesis supply of 8,400,000,000 SOLV and 15.35% of the maximum supply of 9,660,000,000 tokens. The platform first announced its plans to list SOLV on Dec. 30, explaining that it would…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DOGEN rockets into 2025 as the must-watch meme coin, leading the January Effect with explosive presale gains and bold investor rewards. The start of the year has always been a magic moment for the crypto market. The so-called January Effect is a time when fresh money flows in, optimism peaks, and prices soar as investors reset for the year ahead. In 2023, for example, Bitcoin rallied by nearly 40% in January, exploding from $16,000 to $23,000 in weeks and…
Vivek Ramaswamy’s Strive Asset Management plans to target Bitcoin-linked corporate bonds with its new exchange-traded fund. Strive Asset Management, an asset and wealth manager founded by Vivek Ramaswamy, plans to launch a new exchange-traded fund that will invest in bonds issued by companies to fund Bitcoin (BTC) purchases, the Financial Times reports, citing a regulatory filing. The fund, called the Strive Bitcoin Bond ETF, has been registered with the U.S. Securities and Exchange Commission. Per the regulatory filing, the ETF will actively invest in bonds and use derivatives like swaps and options. These investments will target companies that use bond…
Cyprus authorities have urged investors to be cautious after a local lost $58,000 in a cryptocurrency scam that promised lucrative returns. According to a Knews report, the Limassol Criminal Investigation Department is currently investigating a fake crypto trading platform that scammed a 50-year-old man. Notably, the victim came across the phony website in December. At first glance, the platform appeared legitimate and offered investment opportunities resembling a regular cryptocurrency trading site, complete with detailed charts, interactive dashboards, and profit-tracking tools. Convinced by the professional appearance of the platform and the promise of high returns, the man invested a total of…
Ethereum co-founder Vitalik Buterin has called out to the blockchain industry to increase acceptance by participating in mainstream cryptography and cybersecurity events. In a tweet that has sparked considerable discussion within the crypto community, Buterin made it clear that the blockchain industry needs to open up. He further suggested, in response to a thread on what events PrivacyScaling should attend in 2025, that the first key step is to engage actively with mainstream cryptography and cybersecurity conferences. Doing this can also increase acceptance by participating in mainstream cryptography and cybersecurity events. build bridges with non-blockchain decentralization projects such as social…
The crypto trading firm and market maker GSR becomes the first crypto liquidity provider to earn regulatory authorizations from both the FCA and Singapore’s MAS. GSR, the global crypto trading firm and market maker, has received approval from the Financial Conduct Authority for its British arm to operate as a registered crypto asset business, the firm announced in a Monday press release on Jan. 6. With the approval, GSR says it has become the first crypto liquidity provider to be approved by both the FCA and Singapore’s Monetary Authority of Singapore. The approval allows GSR to offer over-the-counter and programmatic…
The Russian government has approved a bill regulating the taxation of crypto transactions. What will now change in the country’s tax base? The Russian government has passed a bill regulating cryptocurrency taxation. Prepared by the Ministry of Finance, the bill gives crypto property status, as local media reports. This means companies must pay income tax on crypto transactions, while individuals will be subject to personal income tax. The rate for Russian citizens will vary from next year depending on their income — from 13% to 22%. Crypto transactions will not be subject to value-added tax though. Citizens and legal entities…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Smart investors eye low-cap gems like Cutoshi as XRP and SUI stabilize, signaling a bullish start to 2025. Investors who capitalize on a bull market can make wealth in a single cycle. November’s bull frenzy has already produced many millionaires and the next leg, starting in January, is expected to be much bigger. Ripple (XRP) has been consolidating for the last 26 days after a parabolic rally. The price volatility has recently contracted, indicating a breakout soon. Meanwhile, the…