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Andrew Tate has booked a $16,000 gain from betting against Kanye West’s meme coin YZY, even as the token’s market collapse highlights the risks surrounding celebrity-linked cryptocurrencies.
On-chain data from CryptoQuant indicates a growing divergence between Bitcoin (BTC) and Ethereum (ETH), underscoring shifting market dynamics that could define the next phase of capital flows in digital assets.
Injective has entered into a strategic partnership with global investment platform Republic, aiming to expand access to tokenized private market opportunities and accelerate institutional adoption of blockchain-based finance.
Australia’s corporate watchdog is intensifying its war on online scams after removing more than 14,000 fraudulent websites since mid-2023, with thousands linked to cryptocurrencies.
Thirteen wallets pocketed over $24.5 million from trading Kanye West’s newly launched YZY token before its price crashed, blockchain data from Nansen shows.
In a significant move impacting the future of digital currency, the US House of Representatives has inserted a sweeping provision into its annual defense policy legislation that would prohibit the Federal Reserve from developing or issuing a central bank digital currency (CBDC).
- 15:23Data: Jeffrey Huang's 25x leveraged ETH long position has turned from profit to loss, currently holding 3,875 ETHAccording to ChainCatcher, Hyperbot data shows that "Brother Machi" Huang Licheng is still slightly increasing his 25x leveraged ETH long position. He currently holds 3,875 ETH, with a position value of approximately $11.829 million. However, after a brief profit today, the position has now turned from profit to loss, with a current floating loss of about $45,000.
- 15:22Ripple CTO is exploring native XRP stakingAccording to ChainCatcher, market sources report that Ripple CTO and one of the founding architects of XRP Ledger, David Schwartz, has proposed a new model involving staking, which could fundamentally change the way this blockchain network operates. This discussion originated from a long post on X by Ripple Senior Director of Engineering, J. Ayo Akinyele, exploring the possibility of adding staking functionality to the XRP Ledger. Launched in 2012, the XRP Ledger uses a Proof-of-Association (PoA) consensus mechanism, where validators reach consensus on XRP transactions every 3-5 seconds. In contrast, blockchains like Ethereum (ETH) and Solana (SOL) use a Proof-of-Stake (PoS) consensus mechanism, where users must lock or stake crypto assets to gain the right to confirm transactions and secure the network, and can earn crypto rewards. Akinyele stated that XRP has evolved from a fast remittance tool to a network supporting tokenized asset settlement and enabling real-time market liquidity. With the launch of the first spot XRP exchange-traded fund (ETF) in the United States, the XRP ecosystem has entered a new phase, prompting him and Schwartz to consider supporting native staking on the XRP Ledger.
- 15:08Spot gold rises to $4,120 per ounce, up 1.30% on the dayJinse Finance reported that spot gold rose to $4,120 per ounce, up 1.30% on the day, rebounding more than $60 from the daily low.