Multiple rug pull scams occurred over the past few months in the crypto market. Amidst celebrity memecoin shillings and the launch of numerous new tokens, the scams have also shown a surge. Relatively, Doraemon themed token, DORAE originated in the market on Wednesday with signs of rug-pull within 24-hours of
In the past month, Bitcoin’s price momentum has been fluctuating between $71K and $59K. It is not potentially on the uptrend but has experienced a slight increase of 0.18% within the last 24 hours. BTC’s price was struggling to break the $65K level for a long time. At press time,
Within a week of launching its Sonic Testnet Odyssey, Sonic, the first gaming L2 infrastructure to launch on Solana, reported processing over 17 million transactions and amassing over 100,000 unique wallets. As the first atomic SVM Layer-2 designed exclusively for gaming on the Solana blockchain, the astounding milestone highlights the protocol’s enormous
Tether’s net circulation on The Open Network (TON) has surpassed 500 million, according to recent data from The Block. As of Tuesday, the network hosts 519.28 million USDT stablecoins, just two months after Tether introduced its U.S. dollar-backed stablecoin on TON, alongside the gold-backed XAUT. The Open Network highlighted the
It seems that the Dencun upgrade to the Ethereum blockchain in March is to blame for the longest inflationary phase in the quantity of fresh Ether since the Merge in 2022. Since April 14, the total supply of Ethereum (ETH) has increased by more than 112,000 ETH, as reported by
Prominent gaming blockchain Oasys announced its collaboration with Vortex Gaming, a South Korean gaming community platform. Through the partnership, Oasys will have a stronger foothold in the Korean market and Vortex players will have access to Oasys’ newest games. Through Inven, a prominent force in Korean gaming webzine industry with an amazing
Openstory, a prominent data streaming platform for on-chain data and analytics, has been acquired by Ava Protocol in a strategic move. As it works on growing its elite staff, Ava Protocol, that develops the fundamental infrastructure for intent-based private autonomous transactions, has also hired a number of high-profile figures. Through real-time
The rise of “celebrity coins” has brought a peculiar trend to the crypto market, with various well-known personalities launching their tokens. Celebrities such as Iggy Azalea, and Rich The Kid have joined this movement. However, this trend has also sparked alarms about celebrity-themed crypto scams. Recently, even the Twitter account
Bitcoin has been facing severe bearish momentum since mid-June. At the start of this week, it hit an 8-week low of $58,402. Several factors have contributed to the price drop, such as the announcement by the defunct bitcoin exchange Mt. Gox to distribute assets stolen from clients in a 2014
The current market conditions may have presented a golden opportunity for patient investors to acquire prominent altcoins such as Solana (SOL), Cardano (ADA), and Shiba Inu (SHIB), as indicated by a reliable technical indicator. This development has sparked optimism among market participants, who are eagerly anticipating a potential rebound in
