That Debate! How Crypto Reacted to Last Night's Showdown
Harris and Trump may not have mentioned crypto. But crypto folk had plenty to say about Tuesday night's presidential debate.
The latest inflation report keeps the Fed on track for a quarter-point rate cut. Wall Street isn't satisfied.
The paltry CPI report means the Fed will likely only cut interest rates by a quarter percentage point. Wall Street, for whatever reason, isn't cheery.
Coinbase Wrapped Bitcoin Sparks Pushback from Justin Sun
Coinbase's launch of its wrapped Bitcoin product, cbBTC, has ignited a fierce debate within the industry, with Tron (TRON) founder Justin Sun lambasting the new offering, calling it a "dark day for BTC" and warning of significant risks to decentralized finance. Speaking with Decrypt, however, a Coinbase spokesperson stood firm on the product's security and reliability. The cbBTC token is available on Ethereum and Coinbase's Base network and can be used in various DeFi platforms. "cbBTC lacks P...
‘Hamster Kombat’ Will Give Out Billions of Tokens via Binance in Telegram Game Airdrop
Popular Telegram tap-to-earn game Hamster Kombat is set to launch its HMSTR token on The Open Network (TON) later this month alongside an airdrop to its many millions of players. On Thursday, the developers announced plans to drop billions of tokens to Binance customers, as well, through a Launchpool rewards campaign. The HMSTR token will have a total supply of 100 billion tokens, the anonymous Hamster Kombat team revealed Thursday as part of the announcement—and 3 billion of those tokens have b...
Solana’s Pump.Fun Has Launched Millions of Tokens—Fewer Than 100 Are Worth Much at All
Solana meme coin factory Pump.fun has failed to keep more than 100 tokens above the $1 million market cap milestone. This comes as the protocol starts to fall out of favor after its summer-time high. A total of 89 Pump.fun coins are currently above a market cap of $1 million, according to Pump.fun. This means just 0.0045% of the near 2 million tokens are sitting above $1 million. That said, over the past 24 hours, only 1.5% of tokens launched have “graduated” to Solana decentralized exchange Ra...
Fuse Plugs Solana Token Into Energy Distribution DePIN Play
Fuse, a London-based renewable energy startup, is looking to reshape the way energy is generated, distributed, and consumed by offering incentives—including cryptocurrency—using mobile apps and decentralized technology. The initiative is a decentralized physical infrastructure network (DePIN), a fast-growing sector enlisting blockchain-based technology and tokens in infrastructure projects—in Fuse’s case, renewable electricity. “When you send power down a power line, there are power losses,” Fus...
European Central Bank Drops Interest Rates Again as Bitcoin, Stocks Bounce Back
The European Central Bank (ECB) dropped the interest rate for its deposit lending facility by another 25 basis points on Thursday, reaffirming its newly dovish monetary policy stance—and Bitcoin and major stock market indices are slightly up following the news. The central bank expects core inflation to rapidly decline over the next two years. That said, its latest projections for economic growth are now weaker than they were in June, and economic activity remains “subdued” due to weak private c...
Grayscale Debuts XRP Trust Following Bitcoin and Ethereum ETF Launches
Digital asset manager Grayscale today launched a new trust giving investors exposure to XRP, the seventh biggest cryptocurrency by market cap and the coin created by the founders of payments platform Ripple. In a Thursday announcement, Grayscale said that it believed the asset had the "potential to transform the legacy financial infrastructure." The trust will allow investors to buy shares that track the price of XRP, but it will operate differently to its Bitcoin and Ethereum exchange-traded fu...
‘Eve Frontier’ Survival Game Is Being Built on Ethereum, CCP Reveals
Eve Online creator CCP Games announced Thursday that its upcoming survival-centric blockchain game, previously referred to as Project Awakening, will launch as Eve Frontier instead—and that it’s being built within the Ethereum ecosystem. Eve Frontier, as it has been rebranded, is an on-chain space simulation game that players will be able to mold and expand as they see fit—and they must collaborate or face certain doom, CCP Games founder and CEO Hilmar Veigar Pétursson told Decrypt’s GG earlier...
Bitcoin Will Hit New High Price If Trump or Harris Wins, Says Analyst—But Bettors Favor Kamala
Just days after former President Donald Trump and Vice President Kamala Harris faced off in their first debate, Polymarket odds have shifted to show Harris pulling ahead. However, an analyst at British multinational bank Standard Chartered believes a new Bitcoin all-time high price will come this year regardless of who wins the election. At the time of writing, crypto bettors favor Democratic candidate Harris to win the 2024 Presidential Election in November by a narrow margin—50% to Republican...
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