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Pantera bought more Solana tokens from FTX’s bankruptcy auction
Venture capital firm Pantera Capital successfully acquired an undisclosed amount of discounted Solana tokens in a recent auction orchestrated by the bankrupt FTX exchange managers. While specific details of the auction are not fully disclosed, Pantera Capital, alongside industry stalwarts like Galaxy Digital, had previously made significant investments in SOL tokens, totaling around $1.9 billion…
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DePIN for the Win: Spreading the Benefits of the Gig Economy
Community protocol networks that coordinate hardware-based services with tokens promise an upgrade in efficiency and fairness, says Ivo Entchev, a partner at Youbi Capital.
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Surge in Bitcoin fees short-lived as Runes transactions dip
Quick Take The Bitcoin halving on April 20 catalyzed a surge in miner fees, largely due to the highly anticipated introduction of Runes. Initially, Runes dominated transaction volumes, reaching over 750,000 transactions, approximately 73% of the total transactions on April 23. However, according to Dune Analytics data, subsequent days witnessed a gradual decline in transaction…
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Mainland China investors won’t be able to buy Hong Kong Bitcoin ETFs
Mainland Chinese citizens will not be able to purchase Bitcoin and Ether ETFs in Hong Kong because mainland China banned crypto transactions years ago. The upcoming launch of spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETF) in Hong Kong will not open up the market for investors in mainland China, according to Bloomberg data…
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Q-Day approaching: Can Ethereum survive a quantum emergency?
Quantum computing is the next most significant disruptive technological leap and its rapid evolution and funding will soon make it a reality. Quantum computing may seem like science fiction, but it may come sooner than expected. On Jan. 11, 2024, the World Economic Forum identified artificial intelligence (AI) and quantum computing as emerging threats in a…
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How Neon EVM blends Ethereum and Solana to boost blockchain app development: Interview
In a rapidly evolving blockchain landscape, Neon EVM emerges to bridge the gap between the Ethereum and Solana ecosystems. In this insightful interview, Davide Menegaldo, Neon EVM’s Chief Commercial Officer, sheds light on the platform’s innovative approach to improving user experience and driving mainstream adoption of decentralized applications (DApps). Neon EVM is an Ethereum Virtual…
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UK police authorized to seize criminal crypto holdings without arrests
From April 26, police can transfer seized illicit crypto to their controlled wallets, with victims able to reclaim funds from the accounts. The United Kingdom’s National Crime Agency (NCA) and police have received expanded authority to “seize, freeze, and destroy” cryptocurrency used by criminals. As a result of these new rules, police in the country…
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First Mover Americas: Bitcoin Holds Stable as ETF Outflows Increase
The latest price moves in bitcoin (BTC) and crypto markets in context for April 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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Bitcoin’s daily transactions reach new record high
The Bitcoin network surpassed 926,000 daily transactions, driven by a growing interest in Runes. Bitcoin transactions reached a new all-time high of 926,842 transactions, just three days after the Bitcoin halving.Bitcoin (BTC) amassed over 926,000 daily transactions on April 23, surpassing the previous high of over 731,000 transactions reached in December 2023, according to Glassnode…
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Bitcoin core developer says Runes ‘exploit design flaws’
Bitcoin core developer Luke Dashjr has criticized the Runes protocol, suggesting it exploits a fundamental design flaw within the blockchain network. In an April 26 post on X (formerly Twitter), Dashjr delineated the disparity between Ordinal Inscriptions and the Runes protocol in how they interact with the network. He clarified that while Ordinals capitalize on…
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