Trend Digest – Your Reliable Guide to Cryptocurrency News
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Linea has conducted a Sybil analysis of its hosted wallets. With the help of Nansen, the protocol has flagged over 516,000 Sybil addresses. The protocol wants to get its airdrop campaign right, a feat only possible with non-Sybil addresses. Linea, a layer-2 zero-knowledge Ethereum Virtual Machine (zkEVM) rollup, has removed over half a million Sybil…
MetaMask co-founder’s hacked account reveals vulnerability in memecoin promotion, highlighting the need for enhanced security in crypto trading spaces. Institutional investors pour $2.2 billion into digital assets following the inauguration of America’s first pro-crypto president, marking a significant shift. Industry experts predict celebrity-backed memecoins will dominate crypto trends, though long-term success depends on community impact…
Mark Cuban acknowledged Shiba Inu’s strong community-driven approach. SHIB holds a $11.7 billion market cap, despite a 7% drop in the past 24 hours. Shytoshi Kusama stated Shiba Inu’s focus on delivering real-world value beyond its memecoin origins. American venture capitalist and businessman Mark Cuban, who has previously the meme coin market, has recently shared…
The company maintains $13.6B portfolio focused on traditional sectors, rejecting crypto despite rumors of Saudi royal family involvement. Kingdom Holding’s position contrasts with major firms like Tesla and Microsoft accepting crypto payments, highlighting an institutional divide. UAE and El Salvador’s tax incentives fail to sway Kingdom Holding’s stance amid regulatory uncertainty and volatility concerns. Kingdom…
Large token holdings between $0.000011 and $0.000013 provide strong buying support. Team wallet movements suggest potential selling pressure, which could weigh on PEPE’s short-term trend. A break above $0.00001448 could push PEPE toward $0.000018. Failure to maintain momentum could result in a 40% drop to $0.000007913. As Bitcoin hangs near the $105,000 mark, the meme…
Cardano network saw a massive spike in growth with daily active addresses reaching a count of 50,828. The altcoin faces resistance at $1.10 and $1.50 price levels and has failed to retain price action above these levels. Cardano is expected to benefit under the Trump administration since ADA is created by an American company. ADA…
LINE has launched its first batch of Mini Dapps (32 in total) to bring blockchain gaming and services to its 200M global users. The firm plans to release 1,000 Dapps by year-end. LINE, one of Asia’s biggest messaging apps, may have taken it upon itself to champion the adoption of Web3 in the region. This…
CLS Global has admitted the use of algorithms to manipulate trading volumes. The firm faces a $428,059 fine and a permanent ban from the US crypto markets. Dubai-based crypto firm CLS Global has admitted to wash trading on the decentralized trading platform Uniswap. The US prosecutors for the District of Massachusetts made an , confirming…
Morgan Stanley is keen to work with the US Treasury among other agencies to ensure a responsible adoption of digital assets. The cryptocurrency market will continue to grow exponentially over the years fueled by institutional investors and clear regulatory frameworks. Morgan Stanley (NYSE: MS), a top-tier traditional banking institution with over $1.4 trillion in assets…
Binance faces mounting pressure in France following executive departures and compliance failures, leading to market withdrawal in 2024. The exchange confronts parallel legal challenges globally, with US prosecutors targeting anti-money laundering violations and sanctions breaches. Regulatory crackdown extends industry-wide as authorities worldwide demand stricter compliance, impacting major crypto platforms. In a surprising move, French investigators…