The 9.3 million tokens entering circulation on May 27 were worth roughly $130 million at press time. They’re set to go to the Avalanche Foundation, strategic partners and Ava Labs, as well as an airdrop, said Patrick Sutton, Avalanche’s communications chief.
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Ether (ETH) also remained in its two-week range, changing hands at $1,850, up roughly 1.6% over 24 hours. Most other major cryptos were in positive territory, albeit not by much, with APT and SOL, the native tokens of the Solana and Aptos smart contracts platforms, recently rising 3.8% and 2.1%, 27.2KBitcoinBTCClimbsContinueDebtHoldingInvestorsLimitPatternPriceRemainsVigil Read More
Blockchain-based gaming has gained momentum in recent years as the novel sensation in the crypto universe, to the point where blockchain games accounted for half of all blockchain activity in early 2023. As the trend expands, new players have joined the fray, looking beyond the initial token-collection craze and shifting AcceleratorCointelegraphJoinsRemains Read More
On April 30, 2023, Pakistan's Dawn newspaper reported that banks have formally warned customers against using debit or credit cards for crypto trading. But Dawn also said that cryptocurrencies are gaining increasing popularity in the nation with the annual trading volume for Pakistan-based wallets going up to $25 billion, up adoptionAnnouncesBanCryptoFreshHedgePakistanPopularRemains Read More
From a stock index perspective, Alphabet shares are among the best-performing equities with a gain of about 33% YTD.
Alphabet Inc (NASDAQ: GOOGL) shares have strongly rebounded from 2022 lows YTD. As a well-diversified tech company that has invested billions of dollars in different economic sectors, its stock market is well-poised AimAlphabetATHBullishGOOGLGooglesRemainsRevisitSharesStreetVentureWall Read More
Despite the fall off of the US stock futures, there is no doubt that the fight against inflation is yielding a relatively positive fruit in the United States.
The US stock futures are seeing a very concerning slump today following the release of the latest inflation figure for the month of FuturesInflationPeggedRemainsSlumpStock Read More
After a turbulent month for the crypto industry in March, Bitcoin’s (BTC) price went sideways in April despite some volatility. The meteoric rise of memecoins, such as PEPE, made headlines, and First Republic, another mid-sized United States bank, went under. However, on the basis of current market sentiment is a standoff BitcoinCryptocryptoexchangeExchangesHopefulMarketMovesRemainsReportSideways Read More
PLUS: Bitcoin maximalists find Ordinals annoying. But they are a good thing for the network in the long run.
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United States-founded cryptocurrency exchange Coinbase has no plans to move its operations out of the U.S., CEO Brian Armstrong told investors in an Q1 earnings call. On May 5, Armstrong assured shareholders the firm is “100% committed” to the U.S. market over the long term despite regulatory uncertainty in the ArmstrongBitcoinCoinbaseCommittedcryptoexchangeExchangesMarketRemains Read More
The fall of crypto exchange FTX, while unprecedented, has little reason to damage the Solana ecosystem, Yakovenko said, even though FTX founder Sam Bankman-Fried was a vocal proponent of Solana, voicing support for multiple network applications via token listings, investments and promotions.
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