Sergei Potapenko and Ivan Turõgin’s $577M crypto scam included fake mining contracts and a nonexistent bank, leading to their guilty pleas. Two Estonian citizens pleaded guilty yesterday to running a massive cryptocurrency Ponzi scheme that defrauded hundreds of thousands of investors worldwide, including in the United States. The scheme involved...
These Factors Could Trigger the Next Altcoin Season, According to Bybit
Current dynamics signal a structural shift in market behavior, indicating that the next altseason will need more than usual to commence. The cryptocurrency market is witnessing the delayed arrival of an altcoin boom in the current bull cycle. Crypto exchange and derivatives trading platform Bybit has released a joint report...
Solana Apps Generate 10x More Revenue Than Ethereum: Research
Solana doubled Ethereum’s trading volume, hitting $5.39B vs. $2.14B, while perpetual trading reached $1.09B, surpassing Ethereum’s $470M. Solana is defying the market downturn, generating significantly more revenue than Ethereum. Data collected by blockchain researcher Aylo shows Solana-based apps pulled in ten times more revenue than their Ethereum-based counterparts. Speculation as...
Major Pi Network (PI) Achievement Ahead of Open Network Launch
The launch of Pi Network's Open Network is scheduled for next week. TL;DR Pi Network’s follower count on X has surged to 3.7 million, placing it among the top five most-followed cryptocurrencies globally. The upcoming Open Network launch is set to make Pi tokens publicly tradable, with major exchanges like...
Will Crypto Markets React to $2B Bitcoin Options Expiring
Friday has come around again, and that means Bitcoin options expiry day, but can it provide a spark of momentum for spot markets, which have been pretty flat all week? Around 21,300 Bitcoin options contracts will expire on Friday, Feb. 14, and they have a notional value of roughly $2...
Metaplanet to Join the MSCI Japan Index in February
Metaplanet’s addition to the MSCI Japan Index is expected to drive passive investment from ETFs and institutional funds. Metaplanet, a Japanese Bitcoin investment firm, is set to be included in the MSCI Japan Index on February 28, a move expected to drive significant investment inflows. This development comes as the...
Crypto Boom Boosts Robinhood’s Revenue by Over 700% in Q4 2024
Last summer, Robinhood announced its $200 million acquisition of Bitstamp to deepen its global crypto presence with one of the oldest exchanges Robinhood Markets saw its revenue more than double in the fourth quarter of 2024. This was fueled by a surge in cryptocurrency trading owing to the favorable US...
CZ Weighs Community Proposal for Meme Coin Inspired by His Dog
CZ calls a community-driven meme coin idea “pretty interesting,” sparking anticipation despite his previous skepticism of such tokens. Changpeng Zhao, the founder and former CEO of Binance, has said he will consider a community suggestion to create a meme coin inspired by his pet dog. The idea emerged after a...
Ripple (XRP) Price Predictions for This Week
XRP is moving sideways above $2. Where will it go next? Key Support levels: $2, $1.6 Key Resistance levels: $2.5, $3 1. Momentum is Stalling Since early February, XRP appears to be consolidating above the $2 support level while moving sideways. Buyers tried a few times to bring the price...
Here’s How the Crypto Market Performed in January, According to Binance Research
Last month, the crypto market witnessed a rise in ETF filings with U.S. agencies, an influx of new tokens, and the growth of the DeFAI sector. The research arm of the world’s largest crypto exchange, Binance, has released a report highlighting insights for the digital asset market in January 2025....
