The Sponge community recently held a vote to determine how the project’s staking rewards should be distributed. The options presented to voters were to receive the rewards instantly, lock them for a month, or have them vested over a period of six months or a year. Despite the choices available, an overwhelming 85.5% of voters
In recent months, the cryptocurrency market has been abuzz with the emergence of Solana meme coins, particularly Sealana ($SEAL). These meme coins, such as DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME), and Popcat ($POPCAT), have quickly risen to the top ten meme coins by market capitalization. The latest addition to this trend is Sealana,
In a recent incident involving popular crypto influencer GCR on Twitter, scammers managed to compromise their account and post misleading information about the price of the ORDI token. This resulted in temporary price surges for both the ORDI and Luna 2.0 tokens. Following the hack, GCR urged their followers to ignore any promotional content coming
As Bitcoin continues its slow descent, the digital currency is facing significant challenges in breaking through the $70,000 barrier. Currently hovering near $69,500, BTC is struggling to make any significant gains. One of the major obstacles in Bitcoin’s path is the $70,000 zone, where the price is currently unable to break through. Additionally, the 100
Recently, the Russian Central Bank has reported a significant increase in crypto transactions among its citizens. The bank conducted a financial stability report, highlighting the surge in activity on cryptocurrency exchanges and peer-to-peer trading platforms. This trend was observed from the fourth quarter of FY2023 to the first quarter of FY2024. Key Findings According to
The recent surge in the price of Bitcoin to $71,000, following the news of the Ethereum ETF approval, has since cooled off. The premier cryptocurrency experienced a correction down to $67,000 and is now consolidating in a certain range. This period of consolidation has sparked interest in the activities of Bitcoin whales, who seem to
The FTX estate recently concluded the sale of heavily discounted Solana (SOL) tokens to Pantera Capital and Figure Markets in an effort to reimburse creditors and former clients. The sale involved tokens valued at $2.6 billion, with each token being sold at $102, significantly lower than the current market price of $168. Figure Markets purchased
In recent news, Ethereum exchange-traded funds (ETFs) have gained significant attention in the financial market, especially after the US Securities and Exchange Commission’s (SEC) approval of these investment products. While Ethereum ETFs are making waves, the Bitcoin spot ETF market has also experienced a resurgence with positive inflows for the second consecutive week. On Friday,
The Mollars token presale and project have been gaining significant attention in the crypto space, with search volumes rivaling popular tokens like Bonk Inu (BONK) and Pepe (PEPE). Analytical data from an investor of the new store-of-value token sheds light on the type of crypto traders buying into Mollars presale. According to a recent tweet,
In the wake of the Bitcoin halving in April, the cryptocurrency market has been abuzz with anticipation of a major price breakout for Bitcoin. Despite reaching a peak of $71,443 in the past week, Bitcoin faced a retracement, dropping to as low as $66,936. Renowned analyst Rekt Capital recently shared insights into the price movement