Binance, the biggest cryptocurrency exchange globally, is transforming a portion of its Secure Asset Fund for Users (SAFU) into Circle’s US Dollar Coin (USDC). This change means that USDC now makes up approximately 3% of its total circulating supply, held by Binance. On April 18, the company revealed that they would be transferring all of … Read more
SHIB’s weekly burn supply jumped by nearly 4x. SHIB’s on-chain activity plunged, with less influx of new users. Approximately 24 million SHIB tokens were removed from circulation within the past day, contributing to the ongoing intense burn rate for this popular meme currency. SHIB burns, but price goes the other way In their latest announcement, … Read more
Yuga Labs, the company responsible for creating the popular NFT collection known as Bored Ape Yacht Club (BAYC), has sold the rights to two of its games, HV-MTL and Legends of the Mara, in accordance with their earlier plan to redirect the business. On April 17, X was updated with a message from Yuga Labs: … Read more
Virgil Griffith, a previous Ethereum programmer, is asking for a lighter sentence after being given a 63-month imprisonment in 2022 for aiding North Korea in employing blockchain technology. On April 17, attorney Glen Garrett McGorty wrote a letter on behalf of his client Virgil Griffith and submitted it to Judge Kevin Castel at the US … Read more
Toncoin and Dogecoin remain close in market cap rankings. TON and DOGE continue to take losses. Lately, Toncoin (TON) has seen a significant increase in its market value, outpacing the assets that have previously held spots in the top ten for some time. The trend is on the rise for Toncoin, as data shows it … Read more
On Wednesday, Gary Gensler, the chairman of the United States Securities and Exchange Commission, deceived some X users by announcing his resignation from the SEC, only to later clarify that he was not stepping down yet. “Over the past three years, it has been a privilege for me to hold the position of SEC Chair. … Read more