Lido price staggers ahead of the 1.5 million LDO token unlock
At press time, Lido Finance (LDO) was trading at $1.47, down 1.41% in the past 24 hours. Lido Finance is set to unlock 1.5 million tokens in the next 24…
Bitget earmarks another $100 million for global expansion
Bitget announced a new $100 million fund it’s calling Empower X on Tuesday. The crypto exchange wants to tap on investment opportunities to diversify its business. Bitget made the announcement…
FTX sues to recover $21 million from LayerZero Labs
The lawsuit focuses on a deal allowing Alameda Research to sell back a 5% stake in LayerZero. The lawsuit also draws attention to an unfinished deal involving 100 million STG…
JPMorgan reportedly considers a payment token as Shiba Memu raises $2.58 million
JPMorgan is said to be launching a blockchain-powered token to revolutionise its global payments. Shiba Memu takes on meme tokens with an AI application amid the hunt for new crypto…
Bitcoin miner Hut 8 revenue declined by $18.3 million in Q2
Hut 8 posted revenue of $14.3 million (19.2 Canadian Dollars), which had fallen $18.3 million during the quarter compared to Q1, 2023. The company mined 399 Bitcoin (BTC) but sold…
SoFi Bank holds $170 million in crypto
SoFi Bank’s second quarter earnings report indicated crypto holdings of $170 million. It includes Bitcoin, Ethereum, Litecoin, Dogecoin and Cardano. San Francisco-based SoFi Bank, which has over 6.2 million customers,…
Huobi co-founder buys 10 million Curve DAO tokens from Curve founder
The Curve founder had taken a $100 million DeFi stablecoin loan using his own CRV stash as collateral. Curve Finance was recently hacked causing the CRV token to depreciate significantly.…
Kenya suspends Worldcoin activities after nearly half a million sign-ups
The registration exercise for Worldcoin in Kenya took place at the Kenyatta International Convention Centre. Registered users are entitled to 25 free Worldcoin tokens worth about $2 amounting to about…
Optimism bulls unfazed as network unlocks 24 million OP
Optimism (OP) price surged more than 7% on Sunday to reach intraday highs of $1.61. the Ethereum layer-2 protocol unlocked 24 million OP tokens worth $38 million into circulation on…
Bitcoin touches $29k as liquidations hit $150 million
Bitcoin price fell to lows of $29,000 across major exchanges as liquidations rose 203% in 24 hours. Total rekt positions was more than $150 million, with $124 million being longs.…