Day: May 27, 2024

NORMIE Coin Plummets After Suspected Insider Exploit

The cryptocurrency world witnessed a dramatic plunge as NORMIE, a memecoin on the Ethereum layer 2 network Base, saw its value drop by 99% within minutes. This severe drop resulted from an exploit that drastically inflated the token’s supply, erasing $40 million from its market cap. The incident was dissected by a pseudonymous crypto trader […]

Uniswap Nears Vote on Protocol Fee Changes

The Uniswap community is poised to vote this Friday on a pivotal proposal concerning the activation of protocol fees in V3 pools. This comes as the Uniswap Foundation, a nonprofit dedicated to supporting the decentralized exchange’s expansion, has publicly disclosed its financial standing as of the first quarter. As reported, the Foundation is in possession […]

TON’s TVL Surpasses $300 Million Milestone

The Open Network (TON), a blockchain initially conceived by the popular messaging platform Telegram, has witnessed a remarkable surge in its total value locked (TVL), crossing the $300 million mark for the first time. This represents a significant increase, over tenfold, from $23 million in early March to a robust $315 million, according to data […]

JPMorgan Doubts SEC Will Approve Solana ETFs

Amid the evolving landscape of cryptocurrency regulations, JPMorgan has expressed skepticism regarding the potential approval of Solana and other crypto exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC). This comes in the wake of the SEC’s recent nod to Ethereum ETFs, stirring discussions within the financial sector. Nikolaos Panigirtzoglou, the managing […]

Jenner’s Memecoin Stir: Hack or Hoax?

Amid the swirling currents of crypto enthusiasm, Caitlyn Jenner has become the latest celebrity to wade into these turbulent waters, sparking both intrigue and skepticism on social media platform X (formerly Twitter). This past Sunday, Jenner’s account tweeted a promotion for a new memecoin available via the launchpad Pump.fun, beckoning the crypto community with a […]