On December 17, a trader’s attempt to capitalize on the Pudgy Penguins (PENGU) crypto airdrop turned disastrous, resulting in a loss of $10,000. The token had gained immense attention, surging to a market cap of over $3 billion within hours of its debut. However, one unfortunate investor made a critical error by purchasing the PENGU […]

PDX Global, a digital banking firm, has announced that it will conduct a live beta test of its crypto-to-cash payment platform, PDX Beam, on December 19. The platform aims to enable instant crypto-to-fiat conversions and allow both merchants and consumers to process cash transactions in seconds. PDX Beam will be the first end-to-end transaction process […]

Ethereum’s price has encountered resistance at the key $4,000 level, with the cryptocurrency facing significant challenges in pushing beyond this price point. Despite the stall, Ethereum still has several positive catalysts that could lead to a potential surge in the near future. As the second-largest cryptocurrency by market capitalization, Ethereum is closely tied to the […]

Bitcoin’s price has soared to a new record high of $108,000 on December 17, continuing its impressive bull run that began in 2023. This remarkable surge represents a nearly 150% increase in Bitcoin’s price this year, fueled by strong demand and decreasing supply growth. One of the key drivers behind this rally is the unwinding […]

Ripple’s long-awaited stablecoin, RLUSD, has officially gone live on major global crypto exchanges, marking a significant achievement for the company and its growing ecosystem. Announced on December 16, the RLUSD stablecoin was officially launched on December 17 with the support of several prominent exchanges. These included Uphold, MoonPay, CoinMENA, ArchaxEx, and Bitso, with others such […]

Binance has launched a new platform called Binance Alpha, aimed at highlighting and promoting emerging crypto projects within its ecosystem. This initiative is part of Binance Wallet, the exchange’s Web3 wallet, and serves as a selection pool for pre-listing tokens, offering early access to potential high-growth tokens before they officially appear on the Binance exchange. […]

Nuffle Labs, a universal restaking platform, and Wormhole, a well-known interoperability protocol, have introduced an innovative solution designed to connect various blockchain networks through native cross-chain restaking. This new solution aims to eliminate the need for traditional token bridges, which often pose security risks, offering a safer and more efficient way for users to manage […]

Stellar Lumens (XLM) experienced a strong price surge on December 17, making it one of the best-performing cryptocurrencies on that day. The price of XLM rose by 10%, hitting an intraday high of $0.4713, marking a 32% increase from the lowest point it had reached earlier this month. This upward movement in XLM’s price coincided […]

XRP has been one of the best-performing large-cap cryptocurrencies recently, continuing its upward trajectory with a 12% rise. The surge follows a bottoming out at $1.9065 on December 10, marking the start of a notable uptrend. The rally gained further momentum after Ripple CEO Brad Garlinghouse announced that the company would be launching its RLUSD […]

On December 16, 2024, Bitcoin spot ETFs recorded a net inflow of $637 million, marking the 13th consecutive day of positive inflows. This sustained investment activity is a strong indicator of growing institutional confidence in Bitcoin, coinciding with its record-breaking price surge. Bitcoin reached a new all-time high of nearly $107,000, driven by several factors, […]