Business

$250M withdrawn from Lighter 24 hours after $675 million token airdrop

Business / Leave a Comment

Onchain data from Bubblemaps revealed that around $250 million was withdrawn from decentralized perpetual exchange Lighter after it aired $675 million in LIT on Tuesday. In an X post, Bubblemaps questioned whether “all the (yield) farmers left?” It also noted that Lighter users raised about $201.9 million worth of tokens on the Ethereum blockchain and […]

$250M withdrawn from Lighter 24 hours after $675 million token airdrop Read More »

Trump Media plans new token distribution to shareholders in partnership with Crypto.com

Business / Leave a Comment

Trump Media and Technology Group (DJT), the company behind Truth Social, said Wednesday it plans to distribute a new digital token to shareholders through a deal with Crypto.com. The token will be issued using Crypto.com’s Cronos blockchain. Trump Media said in a press release that when the program launches, each shareholder will receive one token

Trump Media plans new token distribution to shareholders in partnership with Crypto.com Read More »

APT falls as token underperforms broader crypto markets

Business / Leave a Comment

APT$1.6910 fell 2.4% to $1.69 on below-average volume, clearly underperforming the broader crypto market. The broader market gauge, the CoinDesk 20 Index (CD20), was 0.5% higher at press time. This relative weakness against major cryptocurrencies signals selective investor caution toward APT, according to CoinDesk Research’s technical analysis model. The model showed the token falling from

APT falls as token underperforms broader crypto markets Read More »

Korbit was fined $1.9 million in AML during negotiations to sell the stake to Mirae Asset

Business / Leave a Comment

Korbit, the South Korean crypto exchange in talks to be bought by Mirae Asset, was fined 2.73 billion won ($1.9 million) by the country’s regulator for multiple anti-money laundering and customer verification violations. The financial intelligence unit said the exchange violated key provisions of the country’s special financial transactions law, including the lapse of customer

Korbit was fined $1.9 million in AML during negotiations to sell the stake to Mirae Asset Read More »

Bitcoin’s 2025 bull run was ‘forward-looking’. Then it collapsed.

Business / Leave a Comment

Bitcoins BTC$88,890.52 bull run in 2025 was expected to be historic, with some industry experts suggesting that the largest cryptocurrency would reach heights of $180,000-$200,000 by the end of the year. It was historic. Just not as anyone thought. It is true that bitcoin hit an all-time high earlier than most models expected, rising above

Bitcoin’s 2025 bull run was ‘forward-looking’. Then it collapsed. Read More »

Bitwise eyes AI and DeFi tokens with 11 new crypto strategy ETFs

Business / Leave a Comment

Crypto asset manager Bitwise filed an application with the US Securities and Exchange Commission to introduce 11 crypto “strategy” exchange-traded funds (ETFs) including aave AAVE$149.57unswap UNI$5.9132zcash ZEC$526.63, SUI$1.4458 and TAO$223.25. Tuesday’s N-1A filing describes an approach that includes investing up to 60% of a fund’s assets directly in the underlying token, while allocating the rest

Bitwise eyes AI and DeFi tokens with 11 new crypto strategy ETFs Read More »

Scroll to Top