Author: Anshul

Sui Denies Insider Token Sales Amid $400M Allegations

Sui, a layer-1 blockchain, is pushing back against accusations that insiders offloaded $400 million worth of SUI tokens during a recent surge in its price. The allegations surfaced after claims that wallets tied to insiders. Including one associated with the foundation, had profited from the rapid increase in SUI’s value last month. In a statement […]

FalconX Launches Auto-Liquidation Service for Crypto Miners

Digital asset prime brokerage FalconX has unveiled a new auto-liquidation service aimed at improving capital efficiency for crypto mining firms. Following a turbulent two years for the mining industry. The service promises to streamline operations by automating the conversion of mining rewards, such as Bitcoin and Litecoin, into U.S. dollars. Enhancing Liquidity for Miners FalconX’s […]

Arbitrum’s Gaming Program Faces Scrutiny Over Delays

Arbitrum’s ambitious Gaming Catalyst Program (GCP), which aims to drive gaming ecosystem growth on its Ethereum Layer 2 network. It is under fire from members of its governance DAO. The $215 million initiative, passed in June 2023, was designed to boost awareness and adoption of Arbitrum by developers and players alike. However, the program is […]

Bitcoin Surges as China Stimulus Boosts Markets

Bitcoin jumped to a seven-day high late Sunday evening, reaching $64,300, as Asian stocks displayed mixed reactions following China’s announcement of new economic stimulus measures. The world’s largest cryptocurrency gained 2.5% on the day, marking its highest level since October 7, driven by positive market sentiment following China’s promise to “significantly increase” its debt to […]

$1.3 Billion in PlusToken Ethereum Could Soon Hit Exchanges

As much as $1.3 billion worth of Ethereum (ETH) seized from the infamous PlusToken Ponzi scheme could soon flood the market, according to recent on-chain data. The potential liquidation of these assets is raising concerns about the effect on Ethereum’s price. Especially as some of the funds have already made their way to major cryptocurrency […]

FTX Creditor Sues Hedge Fund Over Claim Payout

An FTX customer has taken hedge fund Olympus Peak to court, accusing the firm of underpaying him for his bankruptcy claim. Nikolas Gierczyk, a California-based FTX creditor, sold his $1.59 million claim last year at a 42% discount but now claims Olympus Peak stands to profit significantly from their agreement. In a lawsuit filed Thursday […]

Metaplanet Expands Bitcoin Strategy with $6.5M Purchase

Metaplanet Inc., the Tokyo-listed firm known for its aggressive approach to Bitcoin (BTC), has once again made waves with its latest purchase. On Friday, the company announced it had acquired an additional 108.999 Bitcoin for ¥1 billion (US$6.5 million), pushing its total Bitcoin holdings to an impressive 748.502 BTC. A Strategic Bitcoin Bet Metaplanet’s Bitcoin […]

SonicX Launches TikTok’s First Tap-to-Earn Game

This summer saw tap-to-earn games take over the crypto gaming world, with Telegram-based mini apps attracting millions of users. Now, a Solana-based project is pushing the boundaries of this genre by launching SonicX. A tap-to-earn game that operates natively within TikTok, aiming to capture the attention of Gen Z. SonicX’s Tap-to-Earn Revolution on TikTok SonicX […]