• Sep 05, 2024

GameStop Stock Spikes as Roaring Kitty Suggests He’s Dropping Chewy

Roaring Kitty is back after a two-month Twitter hiatus, with the meme stock influencer’s return causing the price GameStop (GME) to spike in value. But the post from the notorious meme stock influencer implies that he’s no longer interested in pet supplies retailer Chewy, causing its price to briefly plunge as a result. After two months of silence, Roaring Kitty—aka Keith Gill—has returned with a meme referencing Pixar’s “Toy Story 2,” when the character Andy drops his toy cowboy Woody, saying “...

• Sep 05, 2024

Arbitrum Goes Big With Web3 Gaming Showcase at WebX Asia

Arbitrum Foundation brought Web3 gaming to this year’s WebX in Tokyo, Asia’s leading Web3 conference, with a programme including panel discussions, playable demos and evening soirées. On the show floor, hundreds of attendees stopped by the Arbitrum Foundation and ApeChain booth for the opportunity to get hands-on with playable key titles including onchain RPG Tarochi, memecoin racing title Kitty Kart Racing, and GameFi battler Gensokishi. Image: Arbitrum Also showcased were titles such as Aavego...

• Sep 05, 2024

Bitcoin Hits Lowest Price in a Month Following Weak US Jobs Report

Bitcoin's price nosedived to below $54,000 per coin Friday after U.S. jobs data showed that hiring fell short of forecasts.  The largest digital asset by market cap is now trading hands for $53,829, CoinGecko shows, marking Bitcoin's lowest price recorded since August 5. It's down by almost 5% over the past 24 hours now, pushing its weekly dip to 8%. Markets reacted to data from the Labor Department showing that the economy added 142,000 jobs—lower than the expected mark of 160,000. While the un...

• Sep 05, 2024

Telegram Game ‘Rocky Rabbit’ Opens Pre-Market Trading Ahead of Airdrop

Telegram-based tap-to-earn game Rocky Rabbit has launched pre-market trading for its upcoming RabBitcoin (RBTC) token through crypto exchange Bitget. This comes ahead of the token launch on The Open Network (TON) on September 23, with an airdrop likely to follow soon after. At the time of writing, Bitget traders have valued RBTC at $0.000005, although the token peaked at a value of $1. Bitget will also list the token for spot trading once it launches later this month. Pre-market trading lets cry...

• Sep 05, 2024

SEC Is Coming After OpenSea—These Are the NFTs That Could Be in Trouble

When NFT marketplace OpenSea announced last week that it anticipates a lawsuit from the U.S. Securities and Exchange Commission (SEC), bells of panic rang far and wide through the cryptosphere. The U.S. government was opening up a major new front in its war on crypto: It was finally coming for the heart of the NFT market.  But what does the development actually mean? Is every major NFT project now about to be labeled an illegal, unregistered security as some fear? Or might only particularly cash...

• Sep 05, 2024

CZ Banned From 'Any Present or Future Involvement' In Managing Binance

Former Binance CEO Changpeng Zhao has a lifetime ban from “managing or operating” the centralized crypto exchange, according to current CEO Richard Teng. Teng revealed that Zhao would be barred from managing the platform for life in an interview with Axios, which revealed that it was a "key condition" of the plea agreement between Binance and U.S. authorities. This comes after reports initially suggested Zhao would only be banned for a number of years. “Under the terms of the agreement, CZ is p...

• Sep 05, 2024

TON Foundation Pumps $24 Million into Fueling DeFi on Telegram-Linked Network

The organization that supports The Open Network, Telegram’s blockchain of choice, announced on Friday that it has contributed another $24 million worth of Toncoin (TON) to its DeFi incentive program, bringing the program’s total value to over $75 million to date. The TON Foundation originally created the program in April to encourage users to engage with decentralized finance (DeFi) applications on TON—a network that has become prominently known for popular crypto-backed games on Telegram and co...

• Sep 05, 2024

Bitcoin Price Flirts With $55,000 As ETFs See Seventh Day of Outflows

Bitcoin tumbled to lows of just over $55,000 Friday morning, with experts warning of a potential further decline to $50,000, as Bitcoin ETFs hit a seven-day streak of outflows. The price of Bitcoin slipped to lows of $55,363, before recovering to trade at its current price of $56,125, down 1% on the day, per data from CoinGecko—reflecting broader market jitters and diminishing risk appetite among investors. Market analysts pointed to a confluence of factors, including sustained ETF outflows, br...

• Sep 05, 2024

Telegram Sparks Concern Over FAQ Changes Even as Key Language on Private Chats Remains

Late Thursday, users discovered social messaging platform Telegram had quietly removed part of a section from its FAQ relating to the moderation of private group chats. Though one key part surrounding the contentious language remains elsewhere, Decrypt has learned. A section of Telegram’s FAQ had previously stated, “All Telegram chats and group chats are private amongst their participants,” underneath a question relating to removing illegal content on the messaging app. That line has since been...

• Sep 05, 2024

Christensen Balances New Sky Governance With User Choice Amid Freeze Function Debate

Sky, the DeFi protocol formerly known as MakerDAO, is under pressure from its community after co-founder Rune Christensen confirmed last month the protocol’s upcoming USDS stablecoin could feature a freeze function sometime in the future.  Although the function will not be enabled at launch on Sept. 18, the idea of including the mechanism has sparked concern about the centralization of Sky’s ecosystem. Christensen, addressing recent concerns in an interview with Decrypt during Korea’s Blockchain...