This Is How Much Binance and CZ Will Actually Have to Pay to Settle With the CFTC

Major crypto exchange Binance will pay $2.7 billion in disgorgement and penalty to the Commodity Futures Trading Commission (CFTC), thereby concluding the regulator’s enforcement action against the company. Binance founder and former CEO Changpeng Zhao (CZ) will also pay $150 million to the regulatory watchdog. CFTC’s Case Against Binance Comes to an End In a … Read more

Injective (INJ) Rockets To Fresh ATH With 2,700% Surge

Driven by heightened futures trading volumes and leverage, the price of Injective (INJ) has soared to unprecedented levels of around $38.49, marking a remarkable 2,700% surge year-to-date. Notably, within a single day, the native token of the decentralized finance (DeFi) platform Injective, exhibited resilience and potential, demonstrating a noteworthy increase of 24% in its value. … Read more

Metagood Secures $5 Million to Propel Osura Marketplace for Bitcoin Art

[PRESS RELEASE – Redmond, Washington, United States, December 18th, 2023] Metagood, a blockchain technology and digital assets company, announced the successful completion of a $5 million series seed funding round aimed at advancing its Osura marketplace, focused on art within the Bitcoin ecosystem. “Osura is embarking on a groundbreaking collaboration with artists to immortalize their creations on Bitcoin, … Read more

Collab.Land Launches First SocialFi Bot, Telefrens, to Empower Crypto Trading on Telegram

[PRESS RELEASE – Denver, USA, December 18th, 2023] The popular token gating tool is launching the first SocialFi bot on Arbitrum for intuitive token trading within Telegram. Collab.Land [$COLLAB], an automated member management system for tokenized communities, introduced Telefrens powered by Arbitrum today, the first Social Finance (SocialFi) bot for token-gated groups with royalties rewarding … Read more

Fuse Network to Launch ZK-Powered Layer-2 Using Polygon CDK

[PRESS RELEASE – Tel Aviv, Israel, December 18th, 2023] In a groundbreaking collaboration, Fuse Network, a leading Layer-1 blockchain player specializing in scaling Web3 payments, has teamed up with Polygon Labs, a globally acclaimed blockchain technology firm. Fuse embarks on an ambitious journey to create an innovative Ethereum-based Zero Knowledge (ZK) Layer-2 (L2) network, utilizing … Read more

Avalanche Users Shell Out Over $4M In Inscription Fees: A Five-Day Crypto Phenomenon

Over the past five days, users of the Avalanche network have collectively paid more than $4 million in transaction fees. This significant expenditure is primarily attributed to creating and moving tokens and non-fungible tokens (NFTs) using inscriptions, a novel method gaining traction in the blockchain world. Inscriptions have emerged as a creative bypass on networks … Read more

Why a gold rush for inscriptions has broken half a dozen blockchains

The latest degen “gold rush” to inscribe everything from profile pictures to memecoins has led to at least half a dozen blockchain networks cracking under pressure over the past week. The last few days have seen Arbirtrum, Avalanche, Cronos, zkSync, and TON all suffering partial or full outages recently due to inscriptions, with modular data … Read more

Is This Why Bitcoin’s Price Rally Was Halted? (CryptoQuant)

Last week, bitcoin (BTC) rallied past $44,000 but hit a significant resistance level at almost $45,000 and came tumbling down. According to a report by an analyst at market analytics platform CryptoQuant, profit-taking by a certain investor cohort may have caused BTC’s price to retrace. BTC’s Short-term Retracement CryptoQuant’s analyst Yonsei discovered through an analysis … Read more

‘Concerning precedent’ — bloXroute Labs’ MEV relays to reject OFAC blocks

One of the largest producers of censorship-resistant blocks on Ethereum has made a complete u-turn, announcing it will start censoring OFAC-sanctioned blocks across all of its MEV relays in compliance with local laws. The firm, bloXroute Labs — which has produced at least 400,000 Ethereum blocks from its two leading Maximal Extraction Value (MEV) relays … Read more