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Articles by Jesutofunmi Adeboye
Telegram’s Crypto Holdings surge to $1.3B in H1 2024
In H1 2024, Telegram’s cryptocurrency holdings rose to $1.3 billion, up from $400 million, driven by Toncoin sales and a TON deal. The Financial Times (FT) reported on November 26th that Telegram held $1.3 billion in cryptocurrency in the first half of 2024, up from $400 million at the end of the previous year. In a previous announcement, Telegram reported that it held approximately $400 million worth of digital assets.
Binance Announces Official Launch of BFUSD
Binance launched BFUSD, a reward-bearing asset offering up to 19.55% APY and usable as margin in multi-asset mode. On Tuesday, the largest cryptocurrency exchange in the world, Binance, announced that its reward-bearing asset, BFUSD, has completed its formal launch. The exchange has confirmed that the cryptocurrency asset will provide consumers with returns on qualifying amounts in their futures account, potentially yielding up to 19.55 percent.
Phantom Wallet Adds Base Support
Phantom Wallet adds support for Base, Coinbase’s Ethereum-based Layer 2 blockchain, enabling token swaps across multiple chains. Phantom’s multi-chain expansion is furthered by the inclusion of Base support, which expands the crypto wallet’s network access across blockchain networks. Phantom acknowledged in a Monday post on X that it has implemented support for Base, Coinbase’s Ethereum-based Layer 2 blockchain.
Justin Sun Invests in World Liberty Financial, Links to Trump Family
Justin Sun invested $30 million in Donald Trump’s crypto project, World Liberty Financial (WLFI), becoming its largest investor. Justin Sun has become the largest investor in Donald Trump’s crypto initiative, World Liberty Financial (WLFI), following his acquisition of $30 million in tokens. In announcing the investment on X , Sun stated, “We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor.
Asset Managers Discuss US Bitcoin Reserve
Following Trump’s re-election, discussions on a U.S. strategic Bitcoin reserve have intensified. Vaneck supports the idea, with its digital assets head, Matthew Sigel, voicing favor on social media. The establishment of a strategic bitcoin reserve in the United States has been the subject of increased discussion in the wake of President Donald Trump’s re-election.
Dogecoin Foundation Seeks Support for 2025 Plans
The Dogecoin Foundation seeks funding to support 2025 plans, focusing on community growth and mass adoption. Donations will fund Dogebox, a decentralized payment system for small and medium businesses. The Dogecoin Foundation has issued a request for an unspecified sum of funding in order to expand the community through future network development.
Hashdex Updates Nasdaq Crypto Index ETF Application
Hashdex has submitted a second amended S-1 application to the SEC for its Nasdaq Crypto Index US ETF, aiming to offer investors exposure to Bitcoin and Ether. Hashdex, an asset management firm, has made additional strides in its efforts to establish a cryptocurrency-focused exchange-traded fund (ETF) in the United States. The company has submitted its second amended S-1 application to the U.S. Securities and Exchange Commission (SEC), as stated in an announcement on Nov. 25.
Base Hits 106 TPS Record As Total Value Locked Crosses $10B
Ethereum layer-2 network Base has recently achieved a record-breaking 106.26 transactions per second (TPS), making its total value locked (TVL) to surpass $10 billion. Ethereum layer-2 network Base recently achieved a record-breaking 106.26 transactions per second (TPS), surpassing Taiko as the quickest Ethereum layer-2 solution. Additionally, its total value locked (TVL) has recently surpassed $10 billion. It represents a nearly 28% increase in TPS since November 23.
Bitcoin Retraces As Crypto Liquidations Hit $470M
On November 24, Bitcoin experienced a decline after failing to surpass the $100,000 threshold, which resulted in weekend crypto liquidation events in more than six months. In the past 24 hours, crypto positions valued at more than $470 million were liquidated. According to CoinGlass data, altcoins accounted for the overwhelming majority of wiped positions, with long and short liquidations comprising $352.6 million and $119.9 million.
Wrapped Bitcoin Price Flash Drops To $5K On Binance
On November 23, 2024, the price of Wrapped Bitcoin (WBTC) on Binance briefly and rapidly declined to an all-time low of approximately $5,200. In an apparent flash crash that did not impact the asset’s price on other exchanges, the cost of Wrapped Bitcoin on Binance briefly and rapidly plunged to an all-time low of approximately $5,200 on November 23, 2024.
JPMorgan Questions Musk's D.O.G.E. Federal Reform Efforts
JPMorgan doubts the effectiveness of the newly formed Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy under President-elect Trump, in reducing federal waste. On November 22, JPMorgan Chase issued a report that assessed the newly established Department of Government Efficiency (DOGE). The department was established under President-elect Donald Trump and is currently led by Elon Musk and Vivek Ramaswamy.
World’s Fastest Supercomputer Simulates Nuclear Tests
The new supercomputer El Capitan, performing 2.79 quadrillion calculations per second, raises concerns in the crypto industry about future quantum computers’ potential to crack blockchains. The cryptocurrency industry has long harbored concerns regarding the possibility of computers being able to penetrate blockchains and disrupt networks such as Bitcoin and Ethereum.
BIT Mining Settles $10M Bribery Case in Japan Resort Bid
BIT Mining agreed to pay $10 million to settle bribery allegations involving Japanese officials for a resort license, admitting to FCPA violations. BIT Mining consented to pay $10 million in penalties in connection with allegations of bribery committed by Japanese government officials in order to obtain a resort license in a settlement with US authorities.
User Experience: Analyzing the Usability of Top Online Casinos
User experience plays a vital role in getting and retaining customers who visit online casino websites. This article analyzes the usability of top online casinos.
Interoperability and Cross-Chain Solutions for Web3 Dapps
Dapps have played an important role in redefining Crypto and blockchain technology, and they are now a vital tool in the emerging Web3 ecosystem. Join us as we delve into interoperability and cross-chain solutions for web3 dapps.
VIP Programs, Loyalty Rewards, and Exclusive Features in Premium Online Casinos
When we say online casinos offer thrilling and exciting experiences, this fun is not complete without experiencing VIP programs, loyalty rewards, and exclusive features in these premium online casinos.
Ripple Legal Chief Advises SEC on Crypto Reform
Ripple’s legal chief, Stuart Alderoty, urged the incoming SEC leadership to end non-fraud crypto cases and collaborate with Congress on clear regulations. On Thursday, Stuart Alderoty, Ripple’s chief legal officer, revealed his recommendations for the incoming U.S. Securities and Exchange Commission (SEC) leadership on the social media platform X. In an effort to resolve crypto regulation effectively, Alderoty expressed his confidence in the transition team and recommended a number of actions.
Crypto Market Brace For Impact From US PCE &FOMC Minutes
Amid ongoing market rally, the crypto market is preparing for the potential impact of US PCE inflation, FOMC minutes, Q3 GDP data, and crypto expiry. The crypto market is now entering a critical week, marked by many significant events, including the US PCE inflation, FOMC Minutes, and Q3 GDP (first revision) data, among others. Furthermore, crypto market participants have expressed apprehension regarding the expiration of the crypto market.
SEC Approves $4.6M Payout to BitClave ICO Investors
The SEC will distribute over $4.6 million to investors affected by BitClave’s unregistered ICO. The payout follows a claims process under the BitClave Fair Fund. The U.S. Securities and Exchange Commission (SEC) has verified the distribution of more than $4.6 million to investors who were affected by the unregistered initial coin offering (ICO) of blockchain startup BitClave. The funds will be distributed from the BitClave Fair Fund after a notice and claims procedure has been completed.
UK Plans Full Crypto Regulatory Framework by 2025
The UK Labour government plans to introduce a unified crypto regulatory framework by 2025, aiming to position the country as a global digital asset hub. The Labour Party of the United Kingdom is in the process of establishing a comprehensive regulatory framework for cryptocurrencies, stablecoins, and staking services, following its historic landslide victory earlier this year when it was elected to power.
Bitcoin May Reach $180K by The End of 2025
Georgii Verbitskii forecasts Bitcoin could hit $180,000 by 2025 due to more traders and a supply shock. Georgii Verbitskii, the founder of the TYMIO decentralized finance platform, has predicted that the price of Bitcoin might reach $180,000 by the end of the year 2025. Before the inauguration of President-elect Trump on January 20, 2025, Verbitskii predicted that the price of Bitcoin will be somewhere between $100,000 and $120,000 by the end of 2024 or the beginning of 2025.
Peter Brandt Predicts Bitcoin Selloff Ahead
Peter Brandt has sparked discussions by predicting a potential Bitcoin selloff as it approaches its $100,000 all-time high. Peter Brandt, a seasoned trader and market specialist, has ignited talks in the wider cryptocurrency market, predicting that there may be a selloff of Bitcoin in the days ahead. This remark comes at a time when Bitcoin has been hovering close to the $100,000 barrier for the past several days, which is an indication of powerful market confidence in the cryptocurrency.
Elon Musk Overtakes SEC’s Attempt Over Twitter Deal
Elon Musk has achieved a significant victory against the Securities and Exchange Commission (SEC) by successfully opposing the agency’s attempt to impose sanctions on him for failing to attend court-ordered testimony. The case, which was associated with Musk’s $44 billion acquisition of Twitter, underwent a significant turn when Judge Jacqueline Scott Corley rendered a decision in his favor, leaving the SEC without any recourse.
US Crypto Policy Improves, Coin Center Warns of Surveillance Risks
Coin Center anticipates improved US crypto regulation after the elections, especially for stablecoins and markets, but warns of ongoing surveillance and privacy risks. Coin Center, a crypto advocacy organization, expressed a cautiously optimistic perspective on the future of US crypto regulation in the wake of the recent elections. Although it anticipates advancements in the regulation of securities and banking, it cautions against persistent hazards in the areas of surveillance and tax reporting.
MetaMask Launches Gasless Swaps Feature
MetaMask’s new “Gas Station” feature allows users to pay gas fees directly within token swaps, eliminating the need for ETH. MetaMask has introduced its distinctive “Gas Station” feature, which will revolutionize the manner in which users interact with the Ethereum mainnet. This new feature eliminates the necessity of retaining ETH solely for gas fees during token exchanges. Rather, the transaction cost includes petroleum fees directly, which leads to a more efficient and seamless experience.
Robert Kiyosaki Criticizes Fed, Backs Bitcoin Investment
Robert Kiyosaki praised Michael Saylor’s Bitcoin strategy, calling him a “genius” for using MicroStrategy’s treasury to invest in Bitcoin. On the social media platform X, the U.S. Federal Reserve was recently criticized by the renowned author Robert Kiyosaki. He recognized the Bitcoin strategy of MicroStrategy founder Michael Saylor, emphasizing Bitcoin’s capacity to alleviate financial obstacles.
Arthur Hayes Promotes Solana Meme Coin, Price Surges
Arthur Hayes promoted the Solana-based meme coin FLOWER on X, causing its price to surge from $0.022 to over $0.03. Arthur Hayes, the co-founder of BitMEX and a crypto magnate, has distributed an additional Solana meme coin to his followers. Hayes’ mention of the currency in an X post resulted in a surge in the coin’s price, as anticipated.
LUNC Community Discusses Proposal as Price Surges
The Terra Luna Classic community (LUNC Community) rejected BLV Labs’ $5,000 proposal due to incomplete mainnet deployment and governance rule violations. The Terra Luna Classic community has rejected a proposal from the Cosmos developer team, BLV Labs, to allocate a community allocation for their most recent blockchain work. Several developers and community members emphasized that the developer group did not adhere to the governance standards, as there were no testnet and mainnet deployments.
Deribit to Add Ethena USDe as Crypto Margin Collateral
Crypto derivatives exchange Deribit announces plans to integrate Ethena’s USDe as rewarding margin collateral. ENA’s price jumps 20%. The prominent crypto derivatives exchange Deribit announced plans to integrate Ethena’s synthetic dollar, USDe, as margin collateral. This move will allow users to earn rewards for holding USDe while utilizing it as collateral in the cross-collateral pool for derivatives trading.
Ether Targets $3.7K Amid $1.3B Whale Sell-Off
Market analysts say that despite millions of selling pressures, Ether is forming a breakout to above $3,700 due to an emerging bull flag. Despite significant sell-offs from early investors amounting to millions, leading industry analysts suggest Ether (ETH) is positioned for a potential price breakout. A long-dormant whale holding substantial Ether holdings has reentered the market after more than eight years of inactivity.
Neiro Ethereum Holder Dumps $3M NEIRO, Price Dips
Neiro Ethereum’s partnership with market maker DWF Labs and other holders like GSR Markets (33.52 million tokens) has sparked renewed interest. Surprisingly, one of the most prominent holders of Neiro Ethereum has provoked gloomy views in the midst of a bull market by heavily dumping the dog-themed meme currency. The most recent data on the blockchain indicates that Wintermute, the token’s second largest holder, disposed of tokens valued at three million dollars.
Kevin Warsh Named Treasury Secretary, Set to Replace Fed Chair Powell: WSJ
Kevin Warsh, former Fed official, is reportedly Trump’s top pick for Treasury Secretary and may later replace Jerome Powell as Fed Chair. The US Treasury Secretary nomination campaign is currently being led by Kevin Warsh, a former official of the Federal Reserve Board of Governors.
DOGE Price to Reach $2.4 Following Elon Musk's D.O.G.E. Update
Elon Musk’s focus on improving the Department of Government Efficiency (D.O.G.E.), which shares its abbreviation with Dogecoin, has also contributed to the price surge. The price of DOGE is anticipating a possible breakout in the near future, and leading analysts are expressing a similar attitude regarding the dog-themed meme coin.
The Next Big Web3 Gaming Platform?
Cellula led DeFi revenue on Nov. 21 with $179 million in 24 hours, surpassing Tether, Solana, and Raydium. On November 21, Cellula achieved an extraordinary $179 million in 24-hour revenue, surpassing other prominent protocols such as Tether, Solana, and Raydium, according to data from Defi Llama. Holders receive approximately $8.95 million of this sum directly, as indicated by data from Defi Llama.
Kevin Warsh to Replace Powell as Treasury Secretary
kevin Warsh is being considered for both the Treasury Secretary role and as a successor to Federal Reserve Chair Jerome Powell. Within the United States Treasury Secretary nomination contest, Kevin Warsh, a former official on the Federal Reserve Board of Governors, is currently in the lead.
MicroStrategy Unveils $3B Rescue Plan Amid 16% MSTR Stock Drop
Despite a 106% surge to $473 earlier this month, MicroStrategy’s stock (MSTR) fell by 16% on Thursday but rebounded 3% in after-hours trading. Michael Saylor, the Executive Chairman of MicroStrategy, made the announcement that the company has successfully completed the $3 billion issuance of their senior convertible notes in order to purchase additional Bitcoins. When the news broke, the price of Bitcoin surged to a new all-time high of $99,314 levels, yielding a further 1.4% gain.
Upbit Refunds 8.5 Billion Won After Crypto Hack
Upbit continues to address the fallout from the 2019 Lazarus Group attack, where 342,000 ETH (1.4 trillion won) were stolen. Upbit, the largest cryptocurrency exchange in South Korea, distributed around 8.5 billion won, which is equivalent to $6.07 million, to 380 individuals who had been victims of voice phishing. Dunamu, the operator of Upbit, utilized a real-time Fraud Detection System (FDS) and law enforcement’s participation to prevent fraudulent transactions and retrieve stolen cash.
FINMA Warns of Money Laundering Risks with Crypto
The Financial Market Supervisory Authority of Switzerland has warned about the dangers of cryptocurrency-related money laundering. According to the regulator’s 2024 Risk Monitor report, stablecoins and other cryptocurrencies are being used more frequently for cyberattacks, payments for illicit dark web activity, and avoiding sanctions associated with geopolitical events.
Cardano Founder Backs Coinbase's Brian Armstrong for White House Crypto Role
Cardano founder Charles Hoskinson has endorsed Coinbase CEO Brian Armstrong for the White House crypto position in Trump’s administration. Cardano founder Charles Hoskinson has publicly endorsed Coinbase CEO Brian Armstrong for a potential crypto advisory role in the White House under President Donald Trump. Hoskinson shared his support via a post on X, outlining why he believes Armstrong is uniquely qualified for the position.
Coin Center Lawyers Say Tornado Cash is Not Property
Coin Center is appealing a previous ruling by the United States district court for Northern Florida, which determined that Tornado Cash generates indirect advantages for foreign entities and individuals that qualify as a financial interest subject to sanctions from the Office of Foreign Assets Control (OFAC). Jeffrey S.
Ripple CEO Brad Garlinghouse Predicts Crypto's Future Under Trump
Brad Garlinghouse, CEO of Ripple Labs, envisions the crypto industry thriving under the Donald Trump government with clear regulations. During an interview with Fox Business, Brad Garlinghouse, CEO of Ripple Labs Inc., recently shared his outlook on the crypto industry’s future under President Donald Trump. Garlinghouse criticized the Biden Administration’s “unlawful war against crypto” and expressed optimism about a new era of clear regulations and growth opportunities with Trump in office.
South Korea Bans Bitcoin Spot and Futures ETFs – Here's Why
South Korea’s FSS prohibits Bitcoin ETFs and investments in firms like Coinbase, citing outdated regulations that stifle market growth. Bitcoin spot and futures ETFs remain unavailable in South Korea as financial authorities uphold strict regulatory controls over cryptocurrency-related investment products. The Financial Supervisory Service (FSS) has also prohibited ETFs investing in companies linked to virtual assets, including global firms like Coinbase, which has sparked criticism.
CEX.IO Improves Platform with Tighter Order Book
CEX.IO’s liquidity aggregation engine has been updated to provide access to more external liquidity sources. According to a press statement, the improvement reduces price fluctuations, tightens the order book, and offers almost zero spreads on most trading pairs. This results in more steady trading conditions and reduced transaction costs for traders. In this sense, liquidity is the ease with which an asset can be purchased or sold without materially altering its value.
Hoth Therapeutics Approves Purchase of $1M Bitcoin
Nasdaq-listed Hoth Therapeutics has announced plans to purchase Bitcoin as a treasury reserve asset. On November 20, Hoth said that its board of directors authorized the purchase of $1 million worth of Bitcoin. Using Bitcoin as a reserve asset will make the biopharmaceutical company the most recent organization to do so. Despite being very minor compared to other recent acquisitions, Hoth’s Bitcoin acquisition represents another noteworthy advancement for the cryptocurrency.
FTX's Gary Wang Sentenced to Time Served
The fifth and final executive convicted in the FTX exchange collapse in 2022, Zixiao “Gary” Wang, the co-founder of FTX, was sentenced to time served and asset forfeiture in New York on November 20. In December 2022, Wang and Caroline Ellison, the former CEO of Alameda Research, entered into a plea of guilty to fraud charges.
Sky Launches USDS Stablecoin on Solana
Sky, formerly known as Maker, introduced USDS stablecoin on Solana, as the network’s “first major Defi-native stablecoin.” A Nov. 19 announcement states that USDS is the first step in Sky’s plan to “increase Solana’s DeFi liquidity and TVL” and is anticipated to improve lending, borrowing, and trading on the network’s top DeFi platforms.
Regulatory and Legal Implications for Metaverse-based Enterprises
Metaverse-based enterprises are no longer a new concept as more and more businesses enter the Metaverse. Join us as we walk you through the regulatory and legal implications for Metaverse-based enterprises. Tax LawGambling RegulationCriminal LawGovernance and EthicsSummary In recent years, the concept of the Metaverse-based enterprises has gained traction.
SEC Provides Reparations to BitClave ICO Investors
The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC sued the search engine for failing to register as a securities offering. The U.S. Securities and Exchange Commission (SEC) announced on Nov. 20 that it has sent $4.6 million in reparations to investors affected by BitClave’s unregistered initial coin offering (ICO).
South Korean Police Link Lazarus Group to $342M Upbit ETH Hack
South Korean police confirm that the North Korean hackers Lazarus group and Andariel were responsible for the 342,000 ETH theft from Upbit in 2019. South Korean authorities have officially confirmed that the North Korean hacker groups Lazarus and Andariel were responsible for the 2019 theft of 342,000 Ethereum (ETH) from Upbit, the country’s largest cryptocurrency exchange. This marks the first acknowledgment of North Korea’s involvement in a domestic crypto exchange hack.
Coinshift Unveils csUSDL and New Partnerships
Coinshift has launched csUSDL, a liquid lending token (LLT) backed by Paxos’ regulated USDL stablecoin, offering secure yield opportunities via DeFi protocols. Coinshift, a prominent name in onchain treasury management, has introduced csUSDL, a liquid lending token (LLT) that is intended to enhance the security, transparency, and reward opportunities for both individual and institutional investors.
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