Crypto markets held on to gains over the weekend, and Bitcoin has remained in command, dominating the sector while the rest continue to sleep. Last week’s CPI data were in line with expectations, while producer-prices inflation was above estimates. However, markets retreated after Fed Chair Jerome Powell commented that policymakers...
Authorities Bust $232M Crypto Scam in South Korea, Arrest 215 Suspects
South Korean authorities have arrested 215 individuals in connection with a massive cryptocurrency investment scam worth an estimated 325.6 billion won – around $232 million. The arrests, led by the Anti-Corruption and Economic Crime Investigation Unit of the Gyeonggi Southern Provincial Police, involve employees of a fraudulent investment consulting firm...
Authorities Bust $232M Crypto Scam in South Korea, Arrest 215 Suspects
South Korean authorities have arrested 215 individuals in connection with a massive cryptocurrency investment scam worth an estimated 325.6 billion won – around $232 million. The arrests, led by the Anti-Corruption and Economic Crime Investigation Unit of the Gyeonggi Southern Provincial Police, involve employees of a fraudulent investment consulting firm...
Cardano Foundation Releases 2023 Financial Report, Unveils Expenses Across 3 Major Areas
Cardano Foundation, the non-profit organization behind the Cardano ecosystem, has unveiled its financial report for 2023, detailing its expenses across three major areas. Notably, the Financial Insights Report is the foundation’s first and part of its efforts to uphold the principles of transparency and openness. According to the report, the...
Analysis: 98% of NFTs Launched in 2024 Unprofitable, Only 0.2% Yield Gains
A recent analysis has revealed that the non-fungible token (NFT) market struggled in 2024, with untimely price drops and several failed projects. The research by NFTevening and digital PR agency Storible examined more than 29,000 NFT collections released throughout the year, compiling data from OpenSea and Dune analytics. NFT Market...
CoinList to Develop the DePIN Market with the First DePIN Collaboration with U2U Network this Q4
[PRESS RELEASE – HO CHI MINH, Vietnam, November 17th, 2024] Recently, CoinList conducted a poll asking users, “What category of projects do you want to see most on CoinList?” underscoring growing interest in decentralized infrastructure solutions. Following this, CoinList announced an exciting partnership with U2U Network, a DePIN-focused Layer 1,...
Solid Week for Bitcoin, Ethereum Funds but Warning Signs Appear: ETF Recap
Ever since the US presidential elections in the middle of last week, the spot Bitcoin ETFs had enjoyed a massive demand trend with a couple of $1+ billion inflow days before a slight change in investors’ tactics. The spot Ethereum ETFs also had some noteworthy days but ended the week...
USD Inflation Grows for First Time in 8 Months as BTC Marks New ATHs
The trailing 12-month percentage change for all items in the Consumer Price Index (CPI) fell to 2.6% in October, according to the latest US Bureau of Labor Statistics data out Wednesday. That may signal the beginning of a bull market in dollar-denominated assets across the board as the economy roars...
Bitcoin Still Not Overvalued, Could Hit $100K Amid Strong Demand: CryptoQuant
Despite bitcoin’s (BTC) remarkable ascent to $93,400 over the last few days, analysts at the market analytics platform CryptoQuant say the cryptocurrency is still not overvalued and that the $100,000 region could be its next victim. According to a weekly report, the Trader On-chain realized max band suggests that BTC...
We Asked ChatGPT if Pepe (PEPE) Can Become the Biggest Meme Coin This Year
TL;DR PEPE has surged in value, solidifying itself as the third-largest meme coin. ChatGPT evaluated its odds of becoming the biggest in its niche before the end of 2024. What are PEPE’s Chances? The frog-themed meme coin – Pepe (PEPE) – has been one of crypto’s frontrunners in the past week,...
