According to data provided by cryptocurrency analytics platform CoinGlass, a massive Bitcoin whale has increased his short position to an eye-popping $515 million on the Hyperliquid platform. In fact, this is now believed to be the largest Bitcoin short ever. As reported by U.Today, the whale opened a short position of $332 million with a 40x […]
Massive Bitcoin Whale Ups the Ante Read More »
Ethena Labs and Securitize have announced Converge, a new Ethereum-compatible blockchain that will use stablecoins instead of native crypto assets for transaction fees. The new chain seeks to become the “first purpose-built settlement layer where TradFi will merge with DeFi, centered on USDe & USDtb and secured by ENA,” Ethena claimed Monday. Converge will help
Ethereum-Combatible Chain Converge Aims to Rethink Crypto Economics for Wall Street Read More »
Crypto exchange Gemini has appointed Dan Chen as its new Chief Financial Officer (CFO), amid speculation that the company is preparing for a potential initial public offering (IPO). Chen announced his new role on Monday in a post on X, calling crypto the most dynamic sector in finance. “Gemini is at the forefront of this
Crypto Exchange Gemini Appoints New CFO as it Prepares for Potential IPO Read More »
Chainlink is a decentralized oracle network that connects blockchain smart contracts with real-world data, enabling applications in decentralized finance (DeFi), gaming, and enterprise solutions through its native token, LINK. Understanding Chainlink: How Its Oracle Network and LINK Token Work Blockchain technology revolutionized digital agreements through smart contracts—self-executing code that automates processes without intermediaries. However, a
What Is Chainlink? Exploring the Oracle Network and Its LINK Token Read More »
Bitcoin’s nearly $12 billion open interest shakeout earlier this month might be just the catalyst needed for the asset to regain its upward momentum, according to a crypto analyst. “This can be considered as a natural market reset, an essential phase for sustaining a bullish continuation,” CryptoQuant contributor DarkFost said in a March 17 markets
Bitcoin’s recent $12B open interest wipeout was essential, says analyst Read More »
The crypto market has been bleeding for weeks, which is evident in the outflows recorded by Bitcoin and Ethereum exchange-traded funds (ETFs) and products. Last week alone, the financial vehicles tracking both assets saw outflows exceeding $1.2 billion across several countries, including the United States, Switzerland, and Canada. Withdrawals from other digital asset products brought
What Happened to Bitcoin and Ethereum Funds Last Week Read More »
The team behind blockchain network Solana has deleted a controversial advertisement posted on its X account after immense backlash over political messaging around gender identity. The more than two-and-a-half-minute ad for the Solana Accelerate conference posted on March 17 with the caption “America is back. Time to Accelerate” depicted a man as “America” in a
Solana deletes ‘cringe’ ad criticized for being ‘tone deaf’ on gender issues Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cardano Foundation CEO Frederik Gregaard has confirmed that the blockchain platform is actively collaborating with NASA on data provenance, track and trace solutions, and satellite data applications. Cardano X NASA Collaboration Details Gregaard detailed the scope of the partnership, stating that NASA
Cardano Foundation CEO Unveils NASA Collaboration: Details Read More »
Russia’s Central Bank has asked the Republic of Tatarstan to help it test a range of digital ruble smart contract functions. The Russian media outlet Business Gazeta reported that the Central Bank has “approached the leadership of Tatarstan” with “a proposal to pilot” some of the CBDC’s “mechanisms.” Digital Ruble Smart Contract: Tatarstan Testing Ground
Russian Central Bank to Test Digital Ruble Smart Contract Functions in Tatarstan Read More »
Solana has removed its “America is Back—Time to Accelerate” ad, following intense criticism from the crypto community on X, with labels such as “offensive,” “cringe,” and “divisive.” The now-deleted ad was posted Monday a few minutes before noon in New York and had garnered over 1.4 million views by dusk. The post featured patriotic themes
Solana Deletes Controversial Ad Following Crypto Community Backlash Read More »
