Pantera Capital-backed Vega Protocol shuts down layer-1 chain

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Vega Protocol is shutting down its blockchain, with validators set to maintain the network temporarily to allow users to withdraw funds before a full cessation by late October. Trading-focused blockchain Vega is winding down its operations after an on-chain governance vote passed with near-unanimous support, directing the project’s resources toward core software development. The decision […]

Bitcoin Jumps Over $58K Amid Tech Stock Rally, SUI Outperforms

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SUI outperformed the market, rising over 16%, possibly due to Grayscale’s new Sui Trust announcement. Bitcoin surpassed $58,000 during Asian trading hours, influenced by a rally in U.S. tech stocks and positive movements in Asian equities. Despite the bitcoin price increase, U.S. spot bitcoin ETFs experienced outflows, with Ark Invest’s ARKB seeing a notable $54 […]

Bitcoin Bargain Hunters Active on Kraken and Coinbase, CCData Shows

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Bargain hunters are active on Kraken and Coinbase, snapping up coins at perceived discounts as selling pressure from other exchanges keeps prices under pressure. Buy-sell ratios point to bargain hunting over Kraken and Coinbase. The average trade size indicates that dip-demand stems from large traders. Bitcoin (BTC) bargain hunters are active on Kraken and Coinbase […]

Crypto scammers target Indian Premier League team to promote Solana token

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Hackers hijacked the Delhi Capitals’ X account, using the popular cricket franchise’s social media presence to push a scam Solana-based token. Delhi Capitals, a cricket franchise team that competes in the popular Indian Premier League, fell victim to an X breach with hackers taking control of the account to advertise a Solana-based token with the […]

Solana recorded the highest daily active addresses ever

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Solana’s blockchain has surpassed previous records for daily network users. According to Artemis.XYZ data, Solana sol-0.29% recorded the highest number of daily active addresses in blockchain history, despite the fifth-largest cryptocurrency revisiting its lows from April and January. As of this writing, a single SOL coin was worth around $136. Artemis noted that SOL’s 24-hour […]

Bitcoin Eyes $58K With Downtrodden Crypto Markets Exposed to Short Squeezes, Says Analyst

The 30-day average funding rates for perpetual swaps slid to negative levels, a rare occasion that marked a bottom in prices historically, K33 Research said. Bitcoin (BTC) was rising on Tuesday as the crypto market continued its rebound from last week’s fear-inducing plunge. The largest crypto’s price was nearing $58,000 late in the U.S. trading […]

Japan’s Metaplanet boosts Bitcoin reserves to nearly 400 BTC

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Japanese investment firm Metaplanet keeps allocating Bitcoin, this time buying $2 million worth of crypto. Tokyo-listed investment firm Metaplanet has continued its aggressive Bitcoin btc 2.73% accumulation strategy, purchasing ¥300 million ($2 million) worth of Bitcoin, according to a Sept. 10 filing. The company acquired more than 38.4 BTC, bringing its total Bitcoin holdings to […]

Bitcoin Retakes $57K, but Potential Positive Catalysts Are ‘Sparse,’ Says NYDIG

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The world’s largest crypto is putting in a nice rebound on Monday after an ugly start to September that saw the price fall below $53,000 at one point last Friday. Bitcoin (BTC) at press time was trading just above $57,000, up 5% over the past 24 hours and outperforming the broader market gauge Index’s 4.2% […]