Crypto News
OKX Bags Full Singapore License, Taps Former MAS Official as CEO
OKX just scored a full license in Singapore, letting it offer digital payment services and crypto trading, while also hiring a former top regulator as CEO. Key points: Full MPI license: OKX is now fully licensed to offer digital payment tokens and cross-border money transfer services in Singapore. New CEO appointment: Gracie Lin, a former......
TOKEN2049 Singapore Exhibition Opportunities Sold Out: Limited Tickets Remain for the World’s Largest Web3 Event With 20,000 Attendees and 500+ Side Events
TOKEN2049, the world’s largest crypto event, is set to make history again by shattering all previous records for its 2024 edition. Taking place September 18-19 at Marina Bay Sands ahead of the Formula 1 Singapore Grand Prix 2024 race weekend, TOKEN2049 Singapore will host 20,000 attendees from over 150 countries, solidifying its status as the......
Polygon Productions, The World’s Most Immersive 360° Live Sound Experience Set to Debut at AFTER 2049, Singapore’s Biggest Pre-Formula 1 Grand Prix Party
TOKEN2049, the world’s largest Web3 conference, announced a collaboration with spatial sound pioneers Polygon Productions for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Set to redefine live music experiences with spatial audio technology, Polygon Productions will combine binaural sound and synchronised lighting to curate an immersive sensory journey for......
WazirX Sets $12M for Crypto Recovery and Legal Battles Amid $230M Theft
WazirX is dedicating $12M to recover stolen crypto and cover legal expenses after a $230M cyberattack that crippled the exchange back in July. Key points: Massive crypto heist: Hackers stole $230M in July, including $102M in Shiba Inu tokens. $12M war chest: Funds reserved to tackle legal battles and investigations. 30-day legal breathing room: WazirX......
Elon Musk and Tesla Win Dismissal of Dogecoin Market Manipulation Lawsuit
Elon Musk and Tesla have been cleared of accusations of manipulating the Dogecoin market, with a U.S. judge ruling that Musk's statements were not actionable. Key points: Lawsuit dismissed: Judge permanently dismissed the case, blocking any future claims. Investor claims: The lawsuit alleged Musk's tweets inflated Dogecoin's price to benefit his holdings. Judge’s reasoning: Statements......
Solana’s BET on DRIFT Outpaces Polymarket with $20M in 24-Hour Trading Volume
BET on DRIFT, a Solana-based prediction market, outpaced Polymarket with $20M in trading volume within 24 hours, raising questions about DRIFT’s ability to maintain this momentum in the fierce prediction market landscape. Key points: BET on DRIFT hits $20M: The platform surpassed Polymarket's $12.4M in single-day trading volume. Solana’s advantages: Leveraging Solana’s low fees, fast......
Binance Launches BNSOL: A New Chapter for Solana Staking?
Binance has teased "BNSOL," sparking speculation about a new staking product for Solana ($SOL) on the platform. Key points: Binance announces $BNSOL: A Liquid Staking Token powered by the decentralized Sanctum protocol. Unlocking liquidity: $BNSOL might allow stakers to unlock liquidity while still earning rewards. Impact on Solana: Binance's entry into Solana staking could boost......
OpenSea CEO Confirms SEC Wells Notice, Prepares for Legal Battle Over NFTs as Securities
OpenSea received a Wells Notice from the SEC, indicating potential enforcement action, as the agency views NFTs on the platform as securities. Key points: SEC Wells Notice: OpenSea has been notified of potential legal action, with the SEC classifying NFTs as securities. CEO response: OpenSea CEO Devin Finzer expressed shock at the SEC's broad action......
Donald Trump Launches New $99 NFT Collection Featuring Bitcoin, Superheroes, and Exclusive Perks
Donald Trump unveils his fourth NFT collection, featuring himself in various scenarios like holding Bitcoin and dressed as a superhero. NFTs are priced at $99 each and come with unique perks. Key points: Launch timing: Released 70 days before the 2024 election, Trump’s fourth NFT collection includes 360,000 tokens. Unique art themes: NFTs feature Trump......
TON Blockchain Back Online After Major 7-Hour Outage Caused by DOGS Token Frenzy
TON blockchain went offline for over seven hours due to a surge in transactions caused by the $DOGS memecoin airdrop. The network has since recovered. Key points: 7-Hour outage: TON blockchain halted for over seven hours due to transaction overload. Airdrop impact: A memecoin airdrop caused the network to lose consensus, halting block production. Network......
Maker Rebrands to Sky and Prepares for USDS Stablecoin Launch
Maker just rebranded to Sky and is rolling out its shiny new $USDS stablecoin and $SKY governance token on September 18. It’s all part of a major overhaul called Endgame. Key points: Maker protocol is now Sky protocol: Say goodbye to Maker and hello to Sky. $USDS stablecoin: The new kid on the block, replacing......
Aave Labs Proposes GHO Stablecoin Integration with BlackRock’s $509M BUIDL Fund
Aave Labs is eyeing a collaboration with BlackRock to integrate its $509M $BUIDL tokenized fund into Aave's $GHO Stability Module, boosting stablecoin efficiency and yield opportunities. Key points: Aave Labs' big move: Aave wants to plug BlackRock’s $BUIDL fund into its $GHO Stability Module (GSM). BUIDL = Real assets: $BUIDL token represents traditional assets like......
Telegram CEO Arrested in France
Telegram CEO Pavel Durov got arrested in France, sparking a crypto crash and some serious side-eye from Russia. Key points: Pavel Durov detained in France: Telegram’s CEO was nabbed at a Paris airport over Telegram's lack of moderation. Toncoin price nosedives: The crypto linked to Telegram ($TON) didn’t take the news well. Russia demands answers:......
RFK Jr. Drops Out of Presidential Race as Trump Takes Lead on Polymarket
Robert F. Kennedy Jr. is out of the 2024 presidential race. Meanwhile, Trump is leading on Polymarket with 51% of people betting on him to win. Looks like RFK Jr. might be eyeing a spot on Team Trump. Key points: RFK Jr. bows out: Kennedy drops out of the race right before a big Arizona......
Babylon Just Launched Bitcoin Staking
Babylon just dropped the first phase of its self-custodial Bitcoin staking mainnet. Over 12,710 stakers have already jumped in, performing over 20,600 delegations. Key points: Bitcoin staking is live: Babylon’s self-custodial mainnet now lets you stake your $BTC via smart contracts. Huge interest: 12,710 stakers are already securing rewards. Beyond holding: Bitcoin is more than......
SunPump Overtakes Pump.Fun’s Memecoin Activity
Tron’s SunPump platform has surpassed Solana's Pump.Fun in daily memecoin launches, signaling a significant shift in trader interest from Solana to Tron. Key points: SunPump surpasses Pump.Fun: Tron’s new memecoin launchpad SunPump has launched 7,352 tokens in the last 24 hours, overtaking Pump.Fun’s 5,694. $SUNDOG soars: Tron's memecoin $SUNDOG reached a $190M market cap, surpassing any Pump.Fun......
Tether Teams Up for UAE Dirham-Pegged Stablecoin
Tether plans to launch a new stablecoin pegged to the UAE Dirham (AEDT), partnering with Phoenix Group PLC and Green Acorn Investments Ltd. Key points: The leading stablecoin issuer is launching a stablecoin pegged to the UAE Dirham, fully backed by UAE-based reserves. This is a collaboration with UAE-based Phoenix Group PLC and Green Acorn......
State Street Partners with Taurus for Tokenization
State Street is teaming up with Taurus to enter the digital asset space, starting with tokenization. Full crypto custody will follow once U.S. regulations ease up. Key points: Partnership with Taurus: State Street partners with Swiss-based crypto firm Taurus to begin tokenizing traditional assets. Regulatory challenges: Due to SEC’s SAB 121 regulation, the financial titan......
$1.3M Crypto Heist Exposes Massive North Korean Developer Network: ZachXBT
A recent investigation by crypto sleuth ZachXBT has revealed a large-scale infiltration of crypto projects by developers linked to North Korea. The investigation began after a team reported a $1.3 million theft from their treasury. This led to the discovery of a much broader network of compromised projects. Key findings: 25+ crypto projects identified with......
Binance Achieves 19th Global Regulatory Milestone, Re-Enters India
Crypto exchange Binance has received its 19th global regulatory milestone as it re-enters the Indian market. According to the details from an official announcement, Binance has registered as a reporting entity with India’s Financial Intelligence Unit (FIU-IND). Key points: Binance re-enters the Indian market. India marks its 19th global regulatory milestone. Binance registers as a......
