Recently, several major retail companies in South Korea, including Lotte and Hyundai, have made the decision to bow out of the non-fungible token (NFT) market. This move comes as a response to a noticeable slowdown in the NFT industry, prompting these companies to redirect their focus and resources back towards their core business operations. Lotte
App
Coinbase recently voiced its objection to the SEC’s $2.6 billion budget request for the 2025 fiscal year. The cryptocurrency exchange criticized the SEC for allocating a significant portion of the budget, $812.4 million, to enforcement rather than towards creating regulatory clarity. Coinbase argued that the SEC’s heavy focus on enforcement does not benefit the crypto
The European Banking Authority (EBA) recently released comprehensive guidelines focusing on recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) under the Markets in Crypto-Assets (MiCA) regulation. This new framework is crucial for maintaining compliance with regulatory standards and ensuring the stability of the crypto-asset market in the EU. The guidelines introduced
The Chairperson of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, recently expressed his confidence in the agency’s ability to take on more responsibilities related to cryptocurrencies. During a hearing before the Senate Committee on Appropriations, Behnam dismissed concerns that the CFTC would be overwhelmed by expanding its authority to include crypto commodities. He emphasized
As the cryptocurrency market continues to see bullish expectations, one particular crypto analyst, known as @Av_Sebastian on X (formerly Twitter), predicts that the Cardano price could potentially rise to $2. This optimism is attributed to the highly anticipated Chang upgrade scheduled for the Cardano network. The crypto analyst has expressed confidence that the ADA price
Recently, Terraform Labs found itself in a legal battle with the Securities and Exchange Commission (SEC), culminating in a $4.47 billion settlement related to fraudulent activities surrounding the defunct Terra blockchain. The SEC sought approval from US District Judge Jed Rakoff for a “proposed final consent judgment” involving Terraform and its co-founder, Do Kwon. The
Gamee, a hypercasual gaming ecosystem, made a critical move when it transferred its GMEE token from Telegram to Ethereum following the $15 million hack on Polygon in early 2024. This strategic decision played a significant role in the recent surge of activity within the Gamee network. Apart from the migration to Ethereum, the integration of
On Wednesday, a groundbreaking NFT-based card game named Parallel made its debut on the Epic Games Store. This move strategically positioned Parallel in front of the platform’s extensive audience of over 270 million users, 75 million of which are active on a monthly basis. With Parallel now among the top PC games on the Epic
The native token of Ethena, ENA, has been experiencing a substantial amount of selling pressure in recent weeks. This downward trend in price led to ENA plummeting to $0.73, marking its lowest point since May 20th. The consequences of this sharp decline have been particularly harsh on ENA stakers. The Whale’s Move In a shocking
Prominent crypto analyst Dave the Wave has provided a bullish narrative for Bitcoin, suggesting that the cryptocurrency could rise to as high as $300,000 based on his logarithmic growth channel (LGC) indicator. According to his analysis, BTC’s rally to this unprecedented price level is expected to happen sometime in 2025. This long-term prediction indicates a