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The top Solana-based decentralized exchange (DEX) aggregator Jupiter has launched its new JUP token, going live at just under a $1 billion market cap. Jupiter is one of Solana’s key decentralized finance (DeFI) hubs, and at time of writing, is doing more 24-hour volume than Uniswap, the biggest DEX on Ethereum and typically the entire crypto ecosystem. Jupiter’s pseudonymous founder known as Meow says in a blog post that JUP is launching with a maximum of a 1.35 billion circulating supply, and team vesting won’t start until the second “Jupuary” (January). JUP’s tokenomics are as follows: 1B for the airdrop 250M for the launch pool (Instead of 500M) 50M for loans to CEX market makers 50M for any immediate needs Meow says there is a buffer of 33 million JUP tokens that aren’t a part of the airdrop, which includes “compromised wallets, massive number of appeals and edge cases that we could not get to in time before Jupuary.” At time of writing, JUP is tradin

BNB Chain plans to drive mass adoption of crypto in 2024, with focus on decentralised finance (DeFi), gaming, and artificial intelligence (AI). Decentralized Physical Infrastructure Networks (DePIN), Decentralised Society (DeSoc) and the Web3 economy are also key areas. BNB Chain has outlined its plans for the coming year, with the blockchain ecosystem targeting further adoption of crypto via key innovations across various industry sectors. In its 2024 outlook, BNB Chain says it will focus on driving mass adoption , taking a multichain approach to push innovation across decentralised finance (DeFi), gaming , and artificial intelligence (AI). With hackathons and events tailored to spark greater innovation, BNB Chain will also push for a thriving crypto ecosystem via initiatives around Decentralized Physical Infrastructure Networks (DePIN), Decentralised Society (DeSoc) and the Web3 economy. Unified approach, with “One BNB” The BNB Chain team aims at takin

The United States Securities and Exchange Commission (SEC) has requested the dismissal of its lawsuit against crypto company Debt Box following a federal court’s demand for justification against potential penalties for alleged dishonesty. This development, dated Jan. 30, marks a significant turn in the legal proceedings at the Utah District Court. Initially, the SEC accused Debt Box of orchestrating a $49 million fraudulent crypto scheme, functioning as a provider of software mining licenses. NEW: The @SECGov has just filed a brief in the @DebtBox case saying that it intends to dismiss the lawsuit against the company. The SEC is choosing dismissal rather than face possible sanctions from the judge for misleading the court in order to secure a restraining order and… pic.twitter.com/ByxkG6prV4 — Eleanor Terrett (@EleanorTerrett) January 30, 2024 In August, the SEC obtained a restraining order to freeze the assets of Debt Box, citing concerns that the firm had transferred $720,00

With the asset’s performance certainly on the decline since the start of the year, JP Morgan has recently predicted the future gold price . Indeed, the investment firm is still bullish on the value of the metal as we continue through 2024. Specifically, they expect a new all-time high to be in the cards for the next few months. The price of gold reached an all-time high in the middle of December. Trading at $2135, many expected that ascension to continue into the new year. However, just one month in the asset is currently trading at $2025, and fighting to achieve some semblance of momentum. Source: Finbold Also Read: Gold Price Surges Past $2025; Here’s How High It Can Go in February JP Morgan Predicts Continued Growth in Gold Price Throughout 2024 Throughout 2023, gold had seen a rather impressive ascendence in the overall asset investment market. The haven asset had plenty of geopolitical and economic developments that fed its rather surprising growth. From vast central

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Given the endless chatter about central bank digital currencies, not to mention governments’ continued appetite for surveilling their citizens, the topic of privacy remains a pressing concern for many.  While the blockchain world was once touted as a lifeboat away from such incursions, it has become apparent these notions were fanciful.  Most cryptocurrencies are pseudonymous rather than anonymous, with chain- Analysis companies continually combing public ledgers to do their masters’ (usually the IRS or Dept of Homeland Security) bidding.  You might also like: Polygon Labs proposes defi protocols as critical infrastructure in new regulatory framework The team at Namada believes they’ve found the answer. Currently preparing for its Q1 2024 mainnet launch, the Cosmos-based layer-1 strives to redefine asset privacy by using

Shannon Thorp challenges traditional chart-based analysis, emphasizing the importance of XRP’s utility in determining its value. XRP’s shift from speculation to real-world applications post-non-security status prompts a paradigm shift in valuation. Thorp’s bold projection of a $500 per XRP underscores the potential impact of the cross-border payment market’s growth. The debate over the value of XRP has taken a new turn with financial expert Shannon Thorp challenging traditional market Analysis methods. While many have relied on charts and historical trends to predict the future of XRP, Thorp argues that these methods are no longer adequate in the post-non-security era of XRP. Thorp’s bold stance centers on the idea that XRP’s value is now intrinsically linked to its utility in various business sectors rather than mere speculation and market sentiment. She questions the dismissal of utility in the quantifiable approach to XRP, highlighting the inadequac

Binance Labs Fund has denied participating in a recent funding exercise by SkyArk Chronicles. According to Binance Labs, it incubated SkyArk Chronicles in 2021 through its Incubation Season 3 program. Several publications claimed Binance Lab led more than 40 institutions in SkyArk’s recent $15M funding round. Binance Labs Fund, an accelerator program in the blockchain industry, has denied participating in a recent funding exercise by SkyArk Chronicles, one of the projects it incubated in 2021. In a recent post on X (formerly Twitter), the incubator highlighted a publication claiming it participated in the funding program. Binance Labs stated that it did not join SkyArk’s financing round this year. SkyArk Chronicles is a project incubated and invested in by Binance Labs in 2021 through Incubation Season 3; please note that Binance Labs did not participate in the project's latest financing round this year. Thank you all for your attention. SkyArk Chronicle

After Bitcoin (BTC) failed to live up to the hype of the recent launch of the first spot Bitcoin exchange-traded fund (ETF) in the United States, economist and prominent critic of the maiden cryptocurrency Peter Schiff has gone into an ‘I told you so’ mode, rubbing the losses into the crypto community’s nose. Indeed, Schiff recently said the crypto industry ridiculed his earlier warning that the price of Bitcoin would fall victim to the ‘buy the rumor, sell the news’ sentiment after the United States Securities and Exchange Commission (SEC) gave the green light to the 11 spot Bitcoin ETFs: “The Bitcoin ‘experts’ who ridiculed me and anyone else who claimed the new Bitcoin ETFs would be a ‘buy the rumor, sell the news’ event are now dismissing the significance of the decline, claiming it’s just a classic ‘buy the rumor, sell the news’ event that was to be expected.” Bitcoin: $0 or $10 million? With this in mind, he insisted on his earlier belief that the maiden crypto asset would

Avalanche has spiked double-digits amid new momentum forecast for rally to $100. BITBOT could be the pick of presale tokens with its investment potential buoyed by its likely dominance of Telegram crypto trading landscape. Bitbot (BITBOT) token is creating a huge wave of interest from traders as the market bounces following Bitcoin’s upside this weekend. Meanwhile, one of the top altcoins currently signaling potential momentum is Avalanche (AVAX). AVAX has seen double-digit gains as analysts point to its future potential. The opportunity available with BITBOT’s presale is however attracting huge attention.   Avalanche (AVAX): A potential rally to $100? Avalanche (AVAX) stands out as one of the top performing altcoins in the past 24 hours. The token’s price was trading at $35, up 12% as bulls pushed higher following the recovery from lows of $32.  With prices up 8% in the past week, it looks like Avalanche is building fresh momentum. Crypto analysts are

The new BRICS expansion could lead to a decline in global SWIFT transactions that can inadvertently affect the US dollar. The 9-member BRICS alliance is looking to end cross-border settlements with SWIFT using the US dollar and aims to pay in local currencies. The development adds pressure on the SWIFT payment system leading to a decline in the US dollar-based settlements by BRICS . Also Read: BRICS Continue Gold Buying Spree in 2024 Florida Senator Marco Rubio was the first to warn that BRICS poses a threat to SWIFT and the US dollar. The BRICS expansion will make more countries cut ties with both the US dollar and the global SWIFT payment system. “ BRICS ’s members pool foreign currency reserves and lend billions in easy money to pit developing nations against the US and other Western countries,” he said. The Senator added that the expansion gives them more power to challenge the SWIFT system and the US dollar. “This doubles the trade group’s size, enhancing its attrac

Zhu disclosed that he has shifted attention from Three Arrows to a new project. Three Arrows Capital founder Su Zhu described his time in prison as an “enjoyable experience.” The founder said he had the best sleep of his life while in prison due to the mandatory lights-off. Following his release from prison last month, Su Zhu, co-founder of the collapsed cryptocurrency hedge fund Three Arrows Capital, has given insights into his experience locked away in Singapore.  In the interview posted on social media platform X, Zhu described his time behind bars as a “really enjoyable experience.” While the founder said he wouldn’t go out of his way to recommend it,  “it’s something that if everyone got to experience once, I think it’s definitely good,” he said.   According to the founder, one of the things that made his time in prison memorable was the mandatory sleep time. He said the lights-off times from 9:30 PM to 5:30 AM improved his sleeping habits. “I had th

As the initial excitement surrounding Bitcoin ETFs approved by the US Securities and Exchange Commission (SEC) subsides, investors are redirecting their attention to the potential launch of an ETH spot ETF. This shift in focus sets the stage for Ethereum’s ascendancy. Meanwhile, top crypto coins like Quant (QNT) and InQubeta (QUBE) have emerged as promising contenders in the crypto arena. Focus shifting to Ethereum ETFs The initial buzz following the SEC decision on Bitcoin ETF is fading, evidenced by Bitcoin’s recent drop. According to insights from crypto trading firm QCP Capital, the narrative has pivoted towards the prospect of an Ethereum spot ETF, contributing to Ethereum’s recent surge. QCP Capital shared that they saw $9.8 billion in trading volume covering all 11 ETFs recently. The Grayscale Bitcoin Trust (GBTC) played a big part, contributing a hefty $4.6 billion to that impressive total. However, since its conversion from a Trust to an ETF, GBTC h

Stablecoin yields continue to attract crypto enthusiasts despite past market turbulence. Bitcoin’s 20% drop prompts scrutiny, with various factors at play, including ETFs and macroeconomic trends. FTX’s impact on Bitcoin ETFs, fear of missing out, fading, and halving events are key factors shaping crypto’s future. Crypto enthusiasts have been drawn to the allure of 20% stablecoin yields, a tempting proposition even after the crypto market’s tumultuous 2022 experience. This renewed interest revolves around a seemingly straightforward idea, creating a stablecoin that maintains a one-to-one peg with the US dollar while offering yields competitive with traditional markets. While traditional market terminology might appear out of place in the crypto world, the 20% drop in Bitcoin from its recent high demand scrutiny, given the hype surrounding the launch of exchange-traded funds (ETFs) focused on the original cryptocurrency. Various factors are being att

Crypto b US inessmen Ivan Turogin and Sergei Potapenko are set to be extradited to the US to face charges of fraud for allegedly running a $575 million Ponzi scheme called HashFlare . The Estonia n government cleared the duo for extradition on Thursday, after a previo US attempt was blocked by the Tallinn Circuit Court in November. Lawyers for the b US inessmen successfully argued that the government hadn’t considered the “conditions of detention in the United States” that would infringe on their human rights, and that there were procedural irregularities. Now, local news Potimees reports that the Ministry of Justice has gathered enough evidence to conclude that extradition conditions have been satisfied. Turogin and Potapenko were arrested in November 2022 in Tallinn. According to the US Attorney’s Office in the Western District of Washington, the businessmen defrauded “hundreds of thousands” through their crypto mining company. The pair are also accused of money laundering. Pr

Solana introduces SPL Token Extensions, boosting enterprise blockchain adoption and user experience. SPL Extensions like Transfer Hooks and Confidential Transfers open new revenue streams and enhance privacy. SOL price rebounds, trading at $87, following Solana’s strategic SPL Token Extension update. The Solana Foundation has recently introduced a new set of SPL Token Extensions, significantly augmenting the capabilities of the Solana blockchain network. These developments mark a strategic move by the foundation to facilitate broader enterprise adoption and enhance user experience across its platform. Enhanced Token Functionality for Diverse Applications This update brings a suite of advanced Features designed to cater to the specific needs of businesses integrating blockchain technology into their operations. Notably, these extensions aim to elevate security and compliance measures, drawing on aspects of permissioned blockchain environments. This move s

Synthetix’s deployment of V3 Perps on Base allows developers on the Ethereum L2 blockchain to create and launch their own crypto perpetuals products. V3 Perps on Base will help Synthetix generate more trading volume for its perps across the Ethereum ecosystem. Synthetix (SNX), a decentralized marketplace for crypto derivatives and real-world assets, has deployed the V3 of its perpetuals contracts protocol on Base.  In an announcement on Wednesday, the platform said Perps V3 will offer developers direct access to the product solutions and liquidity needed when launching crypto perps. Synthetix targets increased trading in Ethereum ecosystem The deployment of Perps V3 makes Synthetix the first protocol to bring a major perpetuals contracts product to the Ethereum Layer-2 blockchain, the platform said in a press release. With this launch, both Base and Coinbase ecosystem traders now have an easier way of experimenting with Synthetix -powered exchanges. These

BTC would only trade above $46,000 after the halving, Rekt Capital said. The price climbed back above $40,000 amid new capital inflow. A move below $38,000 is possible in the short term if selling pressure continues. Analyst Rekt Capital has made a new Bitcoin (BTC) price prediction, saying the coin might not rise above $46,000 until after the halving scheduled for April. According to the trader, once Bitcoin breaks its four-year cycle resistance, the path could be clear to the said price. #BTC Each Candle 4 breaks its Four Year Cycle resistance (black) Thus, Bitcoin will comfortably break $46000 resistance this year but most likely only after the Halving$BTC #Crypto #Bitcoin pic.twitter.com/QWEgqoIZTM — Rekt Capital (@rektcapital) January 23, 2024 This month, BTC hit $49,000 hours after the U.S. SEC approved the Bitcoin spot ETFs. But the event which many expected to drive Bitcoin’s price higher than $50,000, turned out to be a “sell the news” event.

Hong Kong digital asset fund manager HashKey Capital and FTSE Russell have unveiled three cryptocurrency indices. According to The Straight Times, the idea behind HashKey Capital and FTSE Russell, a division of the London Stock Exchange (LSEG), is to make it easier for traders to keep track of multiple assets simultaneously. Indices track cryptocurrencies by market capitalization, infrastructure, and applications. In this way, they can plan investment strategies more efficiently and effectively. One of the three is the FTSE Custom Digital Asset Top 20 Index, which tracks the 20 most considerable crypto assets based on market capitalization. It reflects at least 90% of the overall performance of the digital asset market. The FTSE Custom Digital Asset Infrastructure Index track s the digital assets that comprise the crypto ecosystem’s infrastructure layer. These include intelligent contract platforms, protocol interoperability, and distributed computing and storage. The third n