Author: Anshul

McHenry Accuses SEC of Misleading Congress

Patrick McHenry, Chairman of the House Financial Services Committee, entered the ongoing discord between financial regulators and the cryptocurrency industry. He accused SEC Chair Gary Gensler of misleading Congress about the agency’s position on Ethereum. This accusation follows revelations that the SEC had internally categorized Ethereum (ETH) as an unregistered security for over a year. […]

AnimeCoin’s New Game: Gacha Grab

After announcing the AnimeChain project in March, the AnimeCoin Foundation—the group behind the eponymous token—launched a web-based game called Gacha Grab on Monday. Gacha Grab resembles a virtual slot machine, drawing inspiration from Japanese gachapon toy vending machines. In this game, players are tasked with spinning the dial to earn points and prizes. Each spin […]

MicroStrategy Buys More Bitcoin

MicroStrategy, known for its substantial Bitcoin holdings, has capitalized on recent market dips to expand its cryptocurrency portfolio. This action was highlighted in their Q1 2024 financial announcement this Monday, underscoring the firm’s ongoing commitment to Bitcoin amidst a turbulent period for cryptocurrencies. The firm, which brands itself as both a software entity and a […]

Eigen Foundation Announces Token Airdrop

The Eigen Foundation, an advocate for the Ethereum restaking protocol EigenLayer, recently disclosed plans for its imminent token airdrop. The announcement, made this past Monday, has stirred interest across the cryptocurrency community, highlighting a pivotal moment for participants and stakeholders. Staking, in the cryptocurrency domain, involves the commitment of crypto assets to enhance a blockchain’s […]

EigenLayer’s Token Launch and Airdrop

EigenLayer, a prominent restaking protocol, is poised to enhance its ecosystem with the launch of its native token in May. This initiative is overseen by the newly established Eigen Foundation, a non-profit entity dedicated to the protocol’s development. The launch will include an innovative distribution mechanism featuring an airdrop targeted at the platform’s users. The […]

Dogwifhat’s Meteoric Rise on Bybit

In an electrifying moment in the cryptocurrency market, the memecoin Dogwifhat saw an astounding price surge of 1,450% on the Bybit exchange. This phenomenal increase occurred shortly after the coin was listed, marking a brief yet unforgettable episode in the trading world. The trading for Dogwifhat commenced at 8:50 a.m. ET, and a mere ten […]

Yuga Labs Initiates Strategic Restructuring

In a move reflective of the shifting dynamics within the blockchain space, Yuga Labs, the entity behind the renowned Bored Ape Yacht Club, has announced a fresh round of restructuring. This initiative, disclosed by co-founder and recently reinstated CEO Greg “Garga” Solano, aims to streamline operations and recapture the innovative spirit that catapulted the company […]

Trump NFTs and Bitcoin Ordinals Merge

The latest offering from NFT INT LLC, the “Mugshot Edition” of non-fungible tokens (NFTs) featuring former President Donald Trump, has made headlines again. This time, it’s for the bonus Bitcoin Ordinals provided to certain buyers, forever embedding Trump’s legacy into the Bitcoin blockchain. Launched in late 2022, the Mugshot Edition quickly became a focal point […]