Trend Digest – Your Reliable Guide to Cryptocurrency News
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Velar collaborates with Stacks, Ryder, and Arkadiko to fund the BTC Name Grant Program. The BTC Name Grant Program aims to unify the Stacks community and enhance its identity. Velar’s native token, VELAR, sees a significant increase in market volume and price. Velar, a decentralized exchange protocol for Bitcoin, has rolled out the BTC Name…
The Cuban government is spotlighted after its X account promoted a rugged CUBA token. This token birthed a series of other related tokens promoted on social media. Recently, the crypto industry has welcomed many memecoins from high-profile celebrities, fueling these token’s embrace. The Launch That Raised Eyebrows Rug Pulls: The Dark Side of Crypto This…
Bitcoin price has been evolving into a macro consolidation since mid-December, which could lead to a bullish continuation in the near term. The overall supply of BTC on Centralized exchanges has dropped by nearly 21K in the past seven days to hover about 2.18M despite the short-term bearish sentiment. Bitcoin price dropped 2.5% in the…
Solana becomes the third-largest blockchain in stablecoin supply, surpassing BNB Chain. Circle’s USDC dominates Solana’s stablecoin market with a 78% share, while Tether’s USDt lags at 12%. Solana’s price has increased by 24% over the past month, with analysts optimistic about potential further growth past $300. Solana, the Ethereum Layer-1 competitor, has registered a 73%…
Kraken has resumed its staking services for US customers after nearly two years of regulatory restrictions. The relaunch follows a political shift that saw crypto policies loosen under the new administration. Kraken’s new staking program is now available in 39 states and supports 17 cryptocurrencies. After nearly two years of regulatory hurdles, Kraken, a leading…
Governor Aleš Michl sees Bitcoin as a hedge against economic uncertainty and an opportunity to diversify the nation’s financial assets. The move aligns with growing trends worldwide, as US states like Utah and Arizona push similar Bitcoin reserve plans. If approved, the Czech Republic could set a precedent for other nations considering Bitcoin in their…
FSL launches GMT Pay, allowing users to earn through STEPN GO and spend digital earnings in the real world. Users can join the waitlist for early access ahead of the full launch. The GMT Giftcard, powered by Mastercard, supports online and in-store purchases, including Apple Pay and Google Pay. FSL, the company behind the STEPN…
Crypto.com is stepping up its US presence, launching institutional-grade services to cater to corporate investors and advanced traders. After years of sitting on the sidelines due to regulatory uncertainty, Crypto.com is now embracing the US market, leveraging the growing demand for digital assets among institutional players. Crypto.com, a Singapore-based cryptocurrency exchange, has officially strengthened its…
The cryptocurrency market witnessed a brutal sell-off, erasing over $840 million in leveraged positions. HTX recorded the largest single liquidation order, closing a massive BTC-USDT position worth $98.46 million amid the market downturn. The coming months will be critical in determining whether Trump’s crypto-friendly stance translates into a regulatory environment that fuels innovation or further…
LayerZero CEO Bryan Pellegrino confirmed a settlement with FTX after two years of spending millions on legal fees. LayerZero has bought out FTX, FTX Ventures, and Alameda from all the agreements with the firm. LayerZero has a massive $107 million in direct cash deposits and is cash-rich, stated Pellegrino. Bryan Pellegrino, the chief executive of…