Breaking News: TOKENS – Market Insights, Analysis & Latest Updates

The Daily: Hyperliquid set for HYPE token launch, MARA purchases $615 million in bitcoin and more

Decentralized perpetual trading platform and Layer 1 chain Hyperliquid is set to launch its HYPE token on Friday during a genesis event at 2:30 a.m. ET. Bitcoin miner MARA has acquired another 6,474 BTC, valued at around $615 million, boosting its total holdings to 34,794 BTC worth $3.3 billion — the largest of all public miners. Defunct centralized crypto lender Celsius is distributing $127 million in cash or cryptocurrency to creditors in its second bankruptcy payout. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 28/11/2024 - 15:16 PM

Avant, Ethena-like DeFi protocol, raises $6.5 million in seed funding

Avant Protocol has raised $6.5 million in a seed funding round at a $25 million valuation. Avant is an Avalanche-based crypto yield protocol that offers a yield-bearing ‘stable-value’ token similar to the popular Ethena.

theblock.co • 27/11/2024 - 18:55 PM

WalletConnect launches first airdrop season with 50 million tokens allocated to community members

WalletConnect rolled out the eligibility checker for the first season of its airdrop, allowing users to stake tokens for governance. During the first season of the airdrop, 50 million tokens have been allocated for distribution to over 160,000 eligible users. The tokens are initially non-transferable, but users can stake them for periods ranging from one week to two years, with staking rewards starting on Dec. 19.

theblock.co • 27/11/2024 - 06:24 AM

The Daily: Binance unveils reward-bearing asset BFUSD, Movement introduces the MOVE token and more

Binance is set to launch BFUSD on Nov. 27, a reward-bearing margin asset that generates passive rewards by simply holding it or trading futures with it. Movement developers have unveiled plans for its native MOVE token as an ERC-20 on Ethereum, with a total supply of 10 billion tokens. Talus Network has raised $6 million in a strategic funding round led by Polychain Capital at a $150 million valuation. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 26/11/2024 - 19:24 PM

Binance launching BFUSD, promising APY 'will never go below zero'

Binance is set to launch BFUSD, a “reward-bearing margin asset” offering passive rewards. The crypto exchange promises that BFUSD’s APY “will never go below zero,” protecting holders from negative returns.

theblock.co • 26/11/2024 - 07:00 AM

Pump.fun live streams are going too far — even for the crypto community's liking

The Solana memecoin launchpad has been criticized amid reports of users threatening self-harm or violent acts unless their tokens reach certain prices. Pump.fun claims it moderates harmful content, but its decentralized nature means that traditional terms of service may not be present or enforced in the same way.

theblock.co • 25/11/2024 - 14:26 PM

The Daily: Solana hits new all-time high, XRP surges after Gensler announces SEC departure and more

Solana surged 11% on Thursday to reach a new all-time high above $263 by the end of the day amid a broader market rally fueled by Donald Trump’s election victory, sparking optimism about a more crypto-friendly U.S. administration. XRP has had one of the strongest crypto rallies over the past 24 hours, surging 32% to around $1.47 — reaching its highest price since May 2021. Ethereum futures open interest jumped 12% to a fresh high of $20.8 billion on Friday, signaling short-term bullish momentum in the derivatives market, according to analysts at CryptoQuant. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 22/11/2024 - 18:46 PM

SUI
TOKENS

Sui Network faces 'major outage' as validators go down

Sui Network has been down for nearly two hours. The team appears to be investigating the issue.

theblock.co • 21/11/2024 - 11:26 AM

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

FTX co-founder Gary Wang avoided prison time at a sentencing hearing on Wednesday, according to Inner City Press and Reuters. BlackRock’s IBIT spot Bitcoin ETF achieved nearly $1.9 billion in notional exposure during its first day of options trading on Tuesday. Bernstein analysts named Robinhood the top “crypto deregulation trade,” following Donald Trump’s election win this month, raising their HOOD share price target to $51 — around 45% upside potential. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 20/11/2024 - 18:54 PM

Coinbase to delist wBTC as Justin Sun gains influence over protocol, launches its own wrapped bitcoin token

Coinbase will suspend trading of wBTC on December 19, 2024, amid changes in the wBTC protocol influenced by Justin Sun and following BitGo's new custody arrangements.

theblock.co • 19/11/2024 - 18:02 PM

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