Raydium's success is tied to Solana’s dominance in DEX volumes, with Solana capturing nearly 50% of the market in November. In October, Raydium made history by becoming the number one DEX by volume across all chains, a milestone it quickly built on in November. According to Messari’s latest report, Raydium...
Tron’s TVL Reaches New Record of $36.2 Billion
Tron (TRX) recently reclaimed a top-10 crypto ranking after soaring to a new ATH. Amidst a broader market resurgence, the Tron blockchain has been seeing impressive strength. In fact, the total value locked (TVL) on the blockchain surged to $36.2 billion on December 4. This figure marked a new all-time high...
Fed Chair Likens Bitcoin to Gold, Says It’s Not a Rival to the Dollar
Powell dismissed concerns over faith in the dollar, asserting that Bitcoin's volatility keeps it from mainstream adoption. Federal Reserve Chairman Jerome Powell has dismissed the idea that Bitcoin could replace the U.S. dollar, likening the cryptocurrency to gold as a speculative asset rather than a store of value. Powell shared...
USDC Stablecoin Issuer Circle Announces Layoffs Amid Operational Review
Less than 6% of Circle's workforce has been slashed following a review of its operations. Circle Internet Financial Ltd., the company behind the second-largest stablecoin in the cryptocurrency market USDC, announced layoffs following a routine operational assessment. According to the Bloomberg report, the job cuts impact under 6% of the...
Binance Unveils On-chain Yields With Babylon Bitcoin Staking
The Binance Babylon Bitcoin Staking product will be available on December 10 with a limited quota of 1,000 BTC available to users on a first-come, first-served basis. The world’s largest crypto exchange has announced the launch of an on-chain yield feature on its Binance Earn platform. According to an official...
Tron (TRX) Enters ‘Banana Zone’ Exploding 70% to All-Time High
The Tron Network native token is the crypto market’s top-performing asset today, with a massive pump to a record high. Altcoins are leading the charge today as total crypto capitalization peaks at $3.68 trillion while Bitcoin remains range-bound. The top-performing digital asset over the past 24 hours is Tron (TRX),...
XRP, DOGE Fuel Massive Change in South Korea’s Market Structure: Details
Crypto trades surged to $18 billion in 24 hours, driven by altcoins like XRP and DOGE, surpassing the stock market's $14 billion performance. Retail cryptocurrency trading in South Korea has reached new heights, surpassing the country’s stock market by $4 billion in just 24 hours. The increase was driven by...
Nike-Owned NFT Project RTFKT to Shut Down Operations in Early 2025
RTFKT’s closure follows declining NFT demand and market challenges, despite $50 million earnings and collections like MNLTH and Clone X. RTFKT, the creators of non-fungible token (NFT) sneakers and avatars acquired by Nike in 2021, has announced its closure. The firm revealed in a December 2 post on X that...
Ethereum Dev Sees Coinbase Account ‘Nuked’ After Attempting USDC Transfer
The developer reported being locked out of Coinbase after attempting to make a transfer using its native stablecoin. “Coinbase just locked my account after trying to send $25,000 USDC,” reported Ethereum developer Eric Connor on Dec. 3. “Wasn’t Brian Armstrong just talking about debanking? Very cool!” he quipped. He added...
Important Shiba Inu (SHIB) Announcement
Shiba Inu's mainnet, Shibarium, went through an important upgrade concerning all network users. Shiba Inu’s blockchain underwent a considerable upgrade today. The Heimdall and Bor hard forks are live. They aim to improve performance and stability and include an upgradeable burn contract. The Heimdall Hard Fork According to the official...
