Gifto Price Drops 35% After 1.2B Newly Minted Tokens Flood Exchanges

Gifto Price Drops 35% After 1.2B Newly Minted Tokens Flood Exchanges

The price of Gifto (GFT) experienced a sharp decline of 35% on November 28, following allegations that the project’s team secretly minted 1.2 billion new GFT tokens, doubling the token’s total supply just one day after Binance announced plans to delist the asset. The controversy began when blockchain investigator ZachXBT uncovered that Gifto’s team had […]

Babylon Labs Partners with SatLayer to Unlock DeFi for Bitcoin

Babylon Labs Partners with SatLayer to Unlock DeFi for Bitcoin

Babylon Labs has announced a strategic partnership with SatLayer to bring decentralized finance (DeFi) capabilities to Bitcoin, allowing users to unlock the benefits of Bitcoin staking and restaking. This collaboration aims to broaden the opportunities available to Bitcoin holders, allowing them to engage with the rapidly growing DeFi ecosystem and earn rewards through staking and […]

Chinese SOS Ltd to Purchase $50M in Bitcoin for Reserve

Chinese SOS Ltd to Purchase $50M in Bitcoin for Reserve

SOS Limited, a China-based company, has announced plans to purchase up to $50 million worth of Bitcoin (BTC) as part of its investment strategy. The decision, approved by the company’s board of directors, reflects SOS CEO Yandai Wang’s long-term belief in Bitcoin as a strategic asset and a store of value on a global scale. […]

XLM Price Forms Rare Pattern as Stellar DeFi TVL Reaches Record High

XLM Price Forms Rare Pattern as Stellar DeFi TVL Reaches Record High

The price of Stellar (XLM) has shown signs of a strong recovery, staging a notable comeback on November 27. The rebound resulted in the formation of a bullish engulfing candlestick pattern, which is often seen as a signal of a potential price reversal. XLM surged to an intraday high of $0.5311, marking a reversal of […]

Capybara Drops Nearly 30% in 24-Hour Trading

The Capybara token has experienced a significant drop of 29.2% in the past 24 hours, despite having surged by 76% over the past week. According to data from pinetbox.com, the Solana-powered token is currently trading at $0.002478. This decline comes after a strong rally in the previous days, and while the token has seen impressive […]

Volatility Expected as Bitcoin Approaches $100K, Says OKX CMO

Volatility Expected as Bitcoin Approaches $100K, Says OKX CMO

As Bitcoin approaches the $100,000 mark, heightened volatility is expected, according to Haider Rafique, the Global Chief Marketing Officer at OKX. Bitcoin came close to this psychological resistance level last week, reaching $93,428, but fell short of breaking through. Rafique explained that this pullback was primarily triggered by “profit-taking” among long-term Bitcoin holders. Rafique noted […]

Fantom (FTM) Soars 21% Amid Sonic Mainnet Launch Hype

Fantom’s native token, FTM, has emerged as one of the biggest gainers among the top 100 cryptocurrencies, surging by over 21% to an eight-month high of $1.13 during the early Asian trading hours on November 27. This price surge followed increasing excitement around the Sonic mainnet launch, alongside a noticeable uptick in whale investments. At […]

Japan’s Remixpoint Adds $3.2M in Bitcoin to Its Crypto Portfolio

Japan’s Remixpoint Adds $3.2M in Bitcoin to Its Crypto Portfolio

Remixpoint, a Japanese energy and automotive company, has jumped on the recent surge in Bitcoin prices by adding $3.2 million worth of the cryptocurrency to its holdings. The company announced that it had purchased 500 million yen (approximately $3.2 million) in Bitcoin, bringing its total holdings to 250.13 BTC, valued at about 3.67 billion yen […]