Hong Kong authorities have successfully busted a cross-border crypto laundering network that allegedly processed approximately HK$118 million (US$15 million) in illicit funds. The enforcement action resulted in a dozen arrests as officials intensified their campaign against individuals who monetized their personal banking credentials. Law enforcement conducted a series of coordinated raids on Thursday led by…
TL;DR The team behind the project reiterated some of the most important details of the recently launched Pi Network Ventures fund, which plans to invest $100 million in “innovative” startups. The substantial amount is held in both USD and PI tokens. Pi Network Ventures: The Details It all started with a mysterious yet hyping tweet…
Base Chain, Coinbase’s layer-2 blockchain network launched in 2023, is doing well. Its key metrics are jumping, and market share growth continues. Nansen data shows that Base has solidified its position as the biggest player in the layer-2 industry. Its weekly transactions jumped by 27% to 65.9 million, much higher than Ethereum’s (ETH) 9.4 million. …
On-chain data reveals that an unknown large market participant has opened a few mindblowing long positions for bitcoin with an average price of just over $103,000. Broadcasting live data from the exchange it was opened on – Hyperliquid, CoinGlass’s live feed shows that the liquidation price is set at $95,576. A WHALE JUST OPENED $276…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the memecoin market heats up, top traders are eyeing AGNT and BONK as the next combination for a 15,000% surge. In the midst of a bullish crypto market, interest is rising in promising…
Bitcoin’s relatively dull price movements as of late continued in the past 24 hours, but the asset has managed to recover from yesterday’s dip and is back to $104,000. Many altcoins have marked more substantial gains in the past day, but most of them are reps of the ever-volatile meme coin niche. BTC Consolidation Phase…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Right now, protocols are stuck: cycling between incentive-driven inflows and inevitable outflows of liquidity as providers chase higher and higher returns. Even with existing bridging and wrapping solutions, because of concerns around…
TL;DR The cryptocurrency space is full of bullish and sometimes relatively ridiculous price predictions for members’ favorite assets, so we decided to ask ChatGPT for its opinion on whether XRP has the legs to make a mind-blowing surge to double-digit territory. It believes such a whopping 320% pump from current levels will require some “substantial…
Stablecoins, like Tether USD Coin, continued their strong growth this week, with their market capitalization hitting a record of $243.8 billion. These coins have added over $38 billion in assets since they started the year with $240 billion. Tether (USDT) boasts a market cap jumping to over $151 billion, giving it a dominance of 62%….
The Japanese hospitality firm Metaplanet has disclosed record-breaking earnings for the first quarter of the year, primarily attributing the success to its Bitcoin treasury strategy. According to the firm’s Q1 Earnings Report, its Bitcoin strategy contributed 88% to its revenue of 877 million Japanese yen ($6 million). Metaplanet’s consistent BTC accumulation has also earned it…
