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The Daily: South Korea's short-lived military rule sparks record crypto trading volume and more

South Korea's military rule affected crypto markets, HYPE token's value soared, TRON hit new highs, Celsius CEO pleaded guilty, and the U.S. government moved seized crypto.

theblock.co • 04/12/2024 - 14:01 PM

Tron surges 80% in past day amid political unrest in South Korea

Tron's TRX token surged 80% influenced by South Korean political instability, trading dynamics, and market trends, raising questions about the nature of its rally amid Justin Sun's control over supply.

theblock.co • 04/12/2024 - 01:59 AM

The Daily: Crypto prices plunge in South Korea as President declares martial law, XRP Ledger reduces account reserve to 1 XRP and more

Crypto markets react to South Korea's martial law; XRP reserve cut; BlackRock ETF hits BTC milestone; Coinbase CEO criticizes law firms hiring SEC staff; Pump.fun revenues soar.

theblock.co • 03/12/2024 - 19:28 PM

Crypto-AI startup GAIB raises $5 million in pre-seed funding

GAIB, a crypto-AI startup, raised $5 million to tokenize GPUs, opening AI computing access and launching soon across multiple blockchains, aiming to democratize the GPU economy.

theblock.co • 03/12/2024 - 17:00 PM

Privacy-focused Cosmos Layer 1 Namada initiates mainnet launch and token airdrop

Namada has launched its mainnet, featuring a multi-asset shielded pool for privacy and community-driven governance, alongside a community airdrop of NAM tokens.

theblock.co • 03/12/2024 - 15:13 PM

Safe rolls out 'Safenet' to unify liquidity and user interactions across blockchains

Safe has launched Safenet, a transaction processor network for managing cross-chain assets, addressing DeFi challenges like liquidity fragmentation and enhancing transaction security and speed.

theblock.co • 03/12/2024 - 14:00 PM

Pump.fun reaches monthly revenue peak with $93 million in November, rakes in cumulative revenue of $240 million

Pump.fun experienced significant revenue growth, surpassing $93 million in November, driven by renewed investor interest and impressive gains among memecoins launched on the platform.

theblock.co • 03/12/2024 - 13:55 PM

Sonic Labs says its Layer 1 blockchain will 'go public' soon after taking a snapshot for the S token airdrop

Sonic Labs' new Layer 1 blockchain has achieved its first block and plans to launch publicly soon, aiming for high performance with Ethereum integration.

theblock.co • 02/12/2024 - 21:40 PM

The Funding: Why ICOs are being revived

This is an excerpt from the 16th edition of The Funding sent to our subscribers on Dec. 1. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

theblock.co • 01/12/2024 - 16:01 PM

TOKENS

Memecoin momentum fades as DeFi tokens soar, price data suggests

GMCI’s price indices show that the top memecoins have lost their upward momentum, while DeFi tokens show stronger growth. Market participants may be shifting back to tokens with fundamentals, one analyst said.

theblock.co • 29/11/2024 - 04:59 AM

Currency