Crypto Investors Lost Over $500M in Memecoin Rug Pulls and Scams in 2024
The majority of scams involved gaining access to notable people's social media accounts through social engineering.
OpenSea Denies Airdrop-Related Talk of Enforced Customer Identification
Polymarket odds on OpenSea issuing an airdrop before April spiked from 25% to 45% following the tweets.
Hottest Altcoins to Ride the Cardano ETF Hype
US fund manager Grayscale, one of the first Bitcoin ($BTC) and Ethereum ($ETH) ETF issuers, filed for a Cardano ETF (exchange-traded fund). If approved, it would be the first-ever Cardano ($ADA) ETF. The Delaware Trust Company will act as the trustee for the ETF, and the Coinbase Custody Trust Company will keep the trust’s $ADA […]
WazirX Offers 85% of Stolen User Funds as Rebalancing Ends
Fund distribution will begin if creditors approve the plan, bringing partial money recovery for victims of the $230 million hack that hit the Indian crypto exchange in July.
Ether Has Underperformed, But Total Value Locked on Ethereum is Rising: Citi
Ether has dropped over 20% this year, but fundamentals are improving, the report said.
Bitcoin Whales Continuously Selling, But This Cohort Is Buying
On-chain data shows the Bitcoin whales have been distributing for a while, but this investor cohort has been scooping up their coins. Bitcoin Sharks Have Increased Their Supply Dominance Recently In a new post on X, analyst James Van Straten has discussed about how the Supply Dominance of the various Bitcoin cohorts has recently changed. […]
Hedge Funds Are Short Ether CME Futures Like Never Before. Is It Carry Trade or Outright Bearish Bets?
The record short interest is led by carry trades and some amount of outright bearish bets on the second-largest cryptocurrency.
Analysts Give XRP, Dogecoin, Litecoin ETFs ‘High Odds’ of Approval
There’s a 90% chance Litecoin ETFs are approved, followed by 75% odds for a dogecoin ETF.
Grayscale ETF Application Helps Cardano’s ADA Outshine Bitcoin and Ether
The CME has not yet listed ADA futures, which is widely considered a prerequisite for gaining approval for a spot ETF
South Korea Must Approve Crypto ETFs ‘Sooner Than Later’ – Korea Exchange Chief
Korea Exchange chairman Jeong Eun-bo recently pushed for the country’s approval of crypto exchange-traded funds (ETFs). Amid the country’s stock market crisis, he urged revamping South Korea’s financial industry to strengthen the market and compete with other nations. Related Reading: $2 Billion Gone: Trump Meme Coin Leaves Investors Scratching Their Heads South Korea ‘Needs’ Crypto […]