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$305 Million Pulled from Crypto Investment Products This Week

The global crypto market has briefly revived from the market dip, with the total market cap bouncing back to $2.05 trillion, marking a 0.23% increase. Notably, the trading volume has surged by 66.12% to $60.11 billion in the last 24 hours. Meanwhile, the digital asset investment products saw outflows totaling

September 2, 2024 2 mins read

When Will WazirX Users Be Able to Access Their Funds?

Zettai Pte Ltd, the parent company of crypto exchange WazirX, held a town hall meeting today to address the ongoing restructuring process following a major $230 million (₹2000 crore) crypto hack. The company has announced that “it will take up to six months to complete this restructuring, during which users

September 2, 2024 2 mins read

TON Blockchain Surges with 46M Transactions Amid DOGS Frenzy

The TON blockchain processed an unprecedented 46 million transactions in a single week, according to blockchain analytics firm IntoTheBlock. This surge in activity has been largely attributed to the recent excitement surrounding the DOGS token airdrop. The TON blockchain processed over 46 million transactions last week, driven by the excitement

September 2, 2024 2 mins read

OKX Announces Listing of Hamster Kombat’s HMSTR Token

Hamster Kombat, a fast-growing Telegram-based crypto game, is making waves in the gaming world with its unique play-to-earn model. Launched in March 2024, the game has quickly gained traction, attracting over 300 million players within its first five months. Hamster Kombat brings players into the role of a hamster CEO

August 30, 2024 2 mins read

U.S PCE Forecast Sparks Fears of Crypto Market Sell-off

Economists in the United States are predicting a rather strong reading for personal consumption expenditures (PCE) price index, the favored inflation indicator of the Federal Reserve. This means the US FOMC will have to think about cutting interest rates in September. If the PCE price index number is greater, the

August 30, 2024 2 mins read

ParaFi Capital Secures $120M Signaling Increased Confidence in Crypto

ParaFi Capital, a digital asset management firm based in New York, raised $120 million from investors, including Theta Capital Management and Accolade Partners. This fundraiser highlights the increasing growth and renewed optimism in the crypto investment sector. ParaFi Capital, founded in 2018 by Ben Forman,  has been a significant player

August 29, 2024 2 mins read

Radix to Slash Workforce by 15% Amid Company Refocus

Radix, a decentralized finance platform is removing 15 percent of their staff from the company. Piers Ridyard, the CEO of RDX Works (Radix) has updated this to all the members of his Telegram channel. These layoffs are said to be a broader set of necessary adjustments. He says that this

August 29, 2024 2 mins read

Donald Trump’s Fourth NFT Collection Sees Mixed Results

Donald Trump’s latest NFT collection, launched on August 27, shows contrasting outcomes just one day after its debut. The “America First Edition” digital trading cards have achieved over $2 million in sales despite a sluggish NFT market. However, the collection’s overall performance appears mixed when considering its size. In a

August 29, 2024 2 mins read

Can Tokenized RWAs Reach $1.3 Trillion by 2030?

The tokenized real-world assets (RWAs) gained traction as their market value prediction might target $30 trillion by 2030. A realistic target is observed around $1.3 trillion in tokenized traditional assets. Jamie Coutts, the chief crypto analyst at Real Vision, suggests that Wall Street estimates $10 to $30 trillion in traditional

August 28, 2024 2 mins read