Trend Digest – Your Reliable Guide to Cryptocurrency News
Get the Latest Trends, Updates, and Expert Analysis on Cryptocurrency and Blockchain Technology
Web3.0 protocol has announced its plans to launch an IDO for its native token MNT. The IDO will kick off on January 21 and is priced at $0.1 per token. With the proceed, Mynth aims to establish a liquidity pool for MNT on DEXs. Mynth, a decentralized cross-chain protocol, is set to transform the (DeFi)…
Yusupov announced that the developer’s share of Vine coin will be locked until April 20, 2025. The Vine memecoin’s developers intend to distribute the profit to the Elon Musk-backed X platform. Rus Yusupov, a co-founder of the defunct social media platform dubbed Vine, has announced the official launch of the Vine Coin , a Solana-based…
CME’s Bitcoin options skew hits record levels at 4.4%, indicating aggressive call buying and growing institutional confidence in crypto markets. BlackRock’s IBIT leads ETF inflows with $661M contribution, part of $3B+ accumulated over four consecutive days of institutional buying. Long-term holders establish new support at $100K by reducing holdings from 14.2M to 13.1M BTC, marking…
A Chinese court has drawn a firm line on crypto derivatives trading, branding it as illegal gambling in a ruling that could reshape the nation’s digital asset landscape. The court found employees and agents of BKEX crypto exchange guilty of facilitating illicit financial activities through perpetual contracts. Despite nailing its employees, BKEX founder is still…
Four months after his prison sentence, Binance founder Changpeng Zhao (CZ) has made his first crypto investment through YZi Labs, backing blockchain platform Sign in a $16 million funding round. Sign will use new funding to help governments integrate blockchain solutions into their economies. The platform’s revenue skyrocketed from $1.7M in 2023 to $15M in…
Dogecoin forms a Morningstar pattern, signaling a potential reversal with a $0.40 breakout on the horizon. Over 500 million DOGE were accumulated by whales in 24 hours, reflecting strong institutional backing. RSI sustains above the halfway level, and EMA lines align positively, maintaining a strong buy signal. Anticipated Dogecoin ETF approval within 75 days could…
Hive Digital is acquiring Bitfarms’ 200 MW Yguazu mining facility in Paraguay for $85 million. It aims to reach 25 EH/s by Q3 2025, capturing 3% of the global Bitcoin mining network. Bitfarms will reinvest the proceeds to expand its US operations with a 1 GW growth target. Hive Digital Technologies has announced plans to…