Major Japanese Trading Platform Coincheck Becomes Second Crypto Exchange to Go Public on Nasdaq
Reported by The Block: Coincheck, the second-largest cryptocurrency exchange in Japan, is listing on NASDAQ via a de-SPAC transaction on Wednesday.The combined firm will have an initial implied market capitalization of approximately $1.3 billion.
Coincheck, the second-largest cryptocurrency exchange in Japan, is listing on NASDAQ on Wednesday, a company representative told The Block. The firm is merging with Thunder Bridge Capital to become the second crypto exchange to go public in the U.S.
Ethereum Researcher Max Resnick Moves to Join Solana Development Firm Anza
Reported by The Block: Ethereum researcher Max Resnick announced that he departed Consensys to join Anza, a firm focused on developing Solana.Resnick has been critical of Ethereum’s technical roadmap.
Max Resnick, one of Ethereum's notable researchers, announced he will join Solana-focused development firm Anza.
“I’m taking my talents to Solana,” Resnick wrote in an X post on Monday. “Anza developers are extremely cracked and I’m excited to get the opportunity to work with them.”
Total Stablecoin Market Cap Tops $200 Billion As Onchain Lending Yields Surge
Reported by the Block: The total stablecoin market cap has reached a record high, surpassing $200 billion as onchain lending yields surge.
Stablecoin market cap growth could be driven by investors seeking exposure to onchain lending rates, which exceed those available in traditional finance, according to Coinbase analysts.
The total stablecoin market capitalization has reached a record high, surpassing $200 billion — reflecting a 13% increase over the past month — according to CoinGecko data.
Iran Moves to Regulate Crypto Instead of Imposing Limits: Report
Iran’s finance minister said the country’s government plans to regulate cryptocurrencies instead of limiting their usage.
The Iranian government is looking to embrace crypto assets by adding more regulations instead of outright restrictions, its Minister of Economic Affairs and Finance Abdolnaser Hemmati said.
According to a report from Iran’s state-run news agency Nour News, Hemmati said during a national event on Saturday that the government aims to eliminate the negative impacts of cryptocu
Hacked Cardano Foundation X Account Posts Fake Token, False SEC Lawsuit Notice
The Cardano Foundation’s X account was compromised on Sunday by an unknown party, leading to a fake announcement of a Solana token and, in a later post, a false disclosure of an SEC lawsuit.In a statement, the Cardano Foundation confirmed the compromised account and said an announcement of restored access would be posted on the Foundation’s LinkedIn page.
The X account of the Cardano Foundation was compromised on Sunday by an unknown party, leading to the false announcement of a Cardano-branded
Unlocking DeSci: Ink Finance Provides Decentralized Funding Solutions to Reshape Financing and Go...
Ink Finance embraces the DeSci field, aiming to effectively address the core issues facing traditional research and promote the development of decentralized science (DeSci).
The science and research sector faces challenges such as centralized funding distribution, cumbersome application processes, and difficulties for small projects in securing funding. Ink Finance offers customizable, modular, and phased financing solutions through decentralized autonomous organizations (DAOs), utilizing crowd
Donald Trump Appoints David Sacks to Lead AI and Crypto At White House
Reported by The Block: Donald Trump has announced that he chose Yammer founder David O. Sacks to spearhead A.I. and crypto efforts at the White House.
U.S. President-elect Donald Trump announced Thursday that Yammer founder and former Paypal COO David O. Sacks will be the “White House A.I. and Crypto Czar.”
“In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,” said Tr
Mt. Gox Moves $2.4 Billion in Bitcoin to Unknown Address During Currency’s Climb to $100,000 Mile...
Reported by The Block: Defunct crypto exchange Mt. Gox sent over 27,871 BTC to an unmarked wallet.
The transfer happened as bitcoin crossed the $100,000 mark for the first time.
Bankrupt crypto exchange Mt. Gox transferred nearly 24,000 BTC, worth around $2.4 billion, to an address during late night on Wednesday, Arkham Intelligence data shows.
One unmarked wallet address “1N7jW…1u8Yp” received 24,051.75 BTC from Mt. Gox from the exchange’s other cold wallet storage. This is the exchange's fi
Reported by The Block: Layer 1 blockchain Xion has launched its mainnet alongside a “Double or Nothing” mechanism gamifying its initial token airdrop.Xion secured $25 million in a Series A funding round in April, having previously raised $11 million from Circle Ventures, Animoca Brands, Multicoin and others.
Layer 1 blockchain Xion, focused on chain abstraction, has launched its mainnet and introduced an unusual mechanism for its initial XION token airdrop distribution.
Binance Inflows for 2024 Are Almost 40% Higher Than the Next 10 Exchanges Combined
So far this year, users' funds inflows to Binance, the world’s largest digital asset exchange by registered users and trading volume, are almost 40% higher than the total of the next 10 crypto exchanges combined, as ranked by DefiLlama. According to the data platform, Binance accounts for USD 21.6 billion in inflows in 2024 to date, while the next 10 exchanges sum USD 15.9 billion (36% more).
This year, Binance inflows have been supported by heightened global optimism over digital assets, fuele
South Korea’s Short-lived Military Rule Sparks Record $34 Billion in Local Crypto Trade
Reported by The Block: South Korean crypto exchanges recorded over $34 billion in trading volume over the past 24 hours, during which the country’s president declared emergency martial law, only to be forced to lift it shortly afterward.The martial law was rescinded after lawmakers rushed to vote unanimously against it.
South Korea saw record trade volume of over $34 billion across local spot cryptocurrency exchanges in the past 24 hours, during which the country’s president declared emergency
Tron Surges 80% in Past Day Amid Political Unrest in South Korea
Reported by The Block: Tron, the native token for the network of the same name, rallied about 80% in the past day.
Some linked the rally to the overnight political chaos in South Korea, brought on by the president’s sudden declaration of martial law.
One analyst said Tron’s rally is a mixture of other elements, such as the “Dino rotation.”
Tron, the native token of Justin Sun's Tron network, rallied about 80% in the past day, fueled by multiple factors, including political chaos in South Kore
Reported by The Block: WisdomTree XRP Fund would be listed on the Cboe BZX Exchange, Inc.
WisdomTree previously registered an XRP entity on Nov. 25 in Delaware
Exchange-traded fund issuer WisdomTree took steps to potentially launch an ETF in a filing to the U.S. Securities and Exchange Commission on Monday.
The WisdomTree XRP Fund, if approved by the SEC, would be listed on the Cboe BZX Exchange, Inc. A ticker symbol had not yet been assigned. The Bank of New York Mellon is the administra
Coinbase's Fiat-to-crypto Onramp Integrates Apple Pay
Reported by The Block: Coinbase is integrating Apple Pay into its fiat-to-crypto onramp solution formerly known as Coinbase Pay.
Coinbase, the largest U.S. exchange, is integrating Apple Pay into its fiat-to-crypto payments offering, according to developer documentation.
The product, Coinbase Onramp, provides a one-click buy that reduces the number of hoops people have to jump through to fund their self-custody wallets. As Coinbase said in a statement, using crypto often involves “a lot of fri
Hyperliquid's HYPE Surpasses Aave in Market Cap, Claims Nearly Half of Decentralized Perpetual Sw...
Reported by The Block: Hyperliquid, the decentralized perpetual swap trading platform that recently airdropped 310 million fully unlocked tokens to users who earned points by trading on the platform, has seen its HYPE token surge in price, flipping lending platform Aave in market capitalization.The platform has also risen to claim nearly half of all perpetual swaps trading volume, according to data from The Block.
Hyperliquid's token has only continued to rise since its token generation event (
XRP Becomes World's Third-largest Crypto, Overtakes Tether’s USDT in Market Cap
Reported by The Block: XRP, which is largely associated with Ripple Labs, has a market cap of $141.8 billion, surpassing USDT’s $134.5 billion.
XRP has surpassed Tether’s stablecoin in market capitalization, becoming the world’s third-largest cryptocurrency following bitcoin and ether.
XRP, which is largely associated with Ripple Labs, has a market cap of $141.8 billion at the time of writing, surpassing USDT’s $134.5 billion. The price of XRP jumped 30% over the past 24 hours to $2.46, accord
Trump Win Fuels Bitcoin Derivatives Boom As Futures Open Interest Surges Over $60 Billion
Reported by The Block: Bitcoin futures open interest has surged since Donald Trump’s election win.
Bitfinex analysts observe this as “organic growth,” dismissing fears of a correction despite increased leverage.
Since Donald Trump’s U.S. presidential election victory on Nov. 5, bitcoin futures open interest has risen sharply, signaling increased trading activity and market speculation. Despite the surge, analysts from Bitfinex maintain that leveraged trades are not at risk of an imminent marke
Hyperliquid Plans to Launch HYPE Token in Nov. 29 'genesis Event'
Reported by The Block: Hyperliquid plans to launch its native token, HYPE, during a genesis event scheduled for 07:30 UTC on Nov. 29.
Hyperliquid, a decentralized perpetual trading platform and Layer 1 chain, plans to introduce its native token, HYPE, during a genesis event scheduled for 07:30 UTC on Nov. 29.
“The HYPE genesis event marks a key milestone in the journey, unlocking core functionality at every level of the stack,” stated the Hyper Foundation.
After the Nov. 29 launch, HYPE will
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