Bankruptcy Claims Exchange OPNX Issues New Governance Token, FLEX Rises 16%
Bankruptcy claims exchange OPNX has issued a new governance token that is designed to reduce trading fees on the platform. Source
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First Mover Asia: Bitcoin Rises Past $28K on Debt Ceiling Deal
ALSO: A Chinese governmental agency released a paper over the weekend that outlined suggestions for China's Web3 policy, but it didn't broach must new ground. Still, the paper represented progress for a country that is keen to write the next generation of technology standards. Source
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Soluna stock rises after Navitas makes $14m investment
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto mining data center Soluna Holdings (SLNH) shares experienced a significant 12.25% increase on May 15 as it announced a $14 million funding agreement with Navitas Global, which is earmarked for the completion of Project Dorothy
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Bitcoin Price Rises Above $28K as U.S. CPI Inflation Falls to 4.9% in April
At its last meeting earlier in May, the U.S. Federal Reserve's Federal Open Market Committee (FOMC) indicated it's considering at least a pause in its historic run of rate increases that's seen the central bank take the benchmark fed funds rate from about 0% in early 2022 to the current
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Bitcoin Cash Rises 11% but Gains Could Be Short-Lived
The token was up 11% on the day, but analysts think the cryptocurrency will not be able to sustain its gains. Source
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SPONGE price rockets higher, rises 7x in less than a week
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied SPONGE, the SpongeBob token, surged to 73x its launch price on Uniswap last week, reaching a peak on May 7, before dropping 75% to $0.0024. However, SPONGE still stands 7x higher than its launch price. Joining the meme
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Bitcoin miner profitability rises 2X in 7 weeks despite network congestion
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On-chain data on May 7 shows that the profitability of bitcoin (BTC) miners is on the rise. Bitcoin miner profitability rises 2X BitInfoCharts reveals that for every TH/s of hash rate, which is the computing power funneled to the Bitcoin
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Block’s Q1 Bitcoin Revenue Rises 18% From Q4, Gains 25% From a Year Ago
For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said. Source
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Bitcoin Rises as Latest Teetering U.S. Bank Sends Traders to Crypto Haven
The California-based regional lender is weighing strategic options, according to Bloomberg. Source
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Crypto adoption rises despite setback from scams and rug-pulls
As the crypto industry continues to evolve, this week saw a flurry of activity that reflected the promise and pitfalls of digital assets. On one hand, there were several developments from private firms that signaled growing adoption and integration of crypto into the mainstream financial system. Meanwhile, there were discouraging
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