US CPI data is expected to release today at 12:30 UTC. The crypto market is bracing itself for what may be a massive rally or a halt. Will consumer inflation data shake up the crypto markets? Summary US CPI data is expected to be released at 12:30 UTC today, with economists predicting it to rise…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. There’s a political and popular groundswell for stablecoins in Asia. Asian regulators are racing to catch up with the United States on stablecoins. Korea, Japan, and China are all discussing how their…
Memecoin launchpad BONK.fun has launched USD1 stablecoin, marking the latest step in USD1’s rapid expansion across major trading platforms. Summary Token creators can now launch new tokens paired with USD1 stablecoin, while traders can access USD1 pairs on BONK.fun, Raydium, or via third-party trading bots. USD1 stablecoin is live on major exchanges and blockchains, now…
BitMine Immersion Technologies, a crypto miner turned Ethereum treasury company, has fattened its ETH stash with a second purchase this week, this time buying $200 million worth of the second-largest cryptocurrency. Summary BitMine bought 46,255 ETH worth about $200M in its second purchase this week. The company’s total holdings now stand at 2.116M ETH valued…
The shooting incident involving U.S. activist Charlie Kirk has spilled into the crypto markets. Within hours, a wave of meme-style tokens using Kirk’s name appeared across several platforms, sparking a rush of speculative trading. Summary Charlie Kirk crypto tokens surged onto the market after the shooting of the U.S. activist. On pump.fun, a token called…
LINEA price faced a sharp correction after it secured listings on multiple exchanges, including Binance and Bybit, as investors locked in profits by selling their airdropped tokens. Summary LINEA price has fallen over 50% from its launch day high after it secured multiple exchange listings. 9.36 billion tokens were distributed to 749K wallets during its…
The Avalanche Foundation plans to raise $1 billion to buy million of AVAX at a discount price. The firm is in talks with investors to establish two treasury firms to hoard more of its tokens within the next few weeks. Summary Avalanche Foundation plans to set up two U.S-based “digital asset treasury” companies to hoard…
South Korean regulators have decided to lift a nearly decade-long ban that barred cryptocurrency-focused businesses from qualifying as venture companies. Summary South Korea’s Ministry of SMEs and Startups has approved a revision to the Venture Business Act. Crypto firms will be eligible for venture certification starting September 16. The policy change ends a ban that…
Scroll layer 2 DAO has paused operations after leadership resignations, sparking concerns over decentralization. Summary Scroll DAO paused governance after DAO leader Eugene resigned, leaving proposals in limbo. Team says governance is being “redesigned,” but next steps remain unclear. Despite turmoil, Scroll’s zkEVM ecosystem continue to grow, with more than $185 million in vaults. Scroll…
Ethereum faced a rare mass slashing event with 39 validators penalized due to operator errors tied to the SSV Network. Summary 39 validators tied to SSV Network were slashed after operational errors by Ankr and Allnodes. Each validator lost around 0.3 ETH, with further losses from inactivity leaks. Event highlights risks of validator mismanagement as…
