Category: News
-
Vitalik Buterin Criticizes Celebrity Crypto Tokens for Lacking Substance and Long-Term Value
In a recent statement, Ethereum co-founder Vitalik Buterin voiced strong criticism against the surge of celebrity tokens in the cryptocurrency space, labeling them as superficial and lacking meaningful impact. Buterin’s comments highlight a growing concern about the value and purpose of these celebrity-endorsed digital assets. • Lack of Substance: Buterin argues that celebrity tokens are…
-
Bitcoin crosses $71k as Tuesday sees $880M ETF Inflow
Bitcoin, $BTC, price crossed $71k on Tuesday, 4th June 2024 as it marked the best day of Bitcoin ETFs inflow since March. Total ETF flows : TOTAL NET FLOW: 886.6 (Provisional data) IBIT: 274.4 FBTC: 378.7 BITB: 61 ARKB: 138.7 BTCO: 0 EZBC: 0 BRRR: 1.6 HODL: 4 BTCW: 0 GBTC: 28.2 DEFI: 0 (Data…
-
Avail raises $43M in Series A
Avail, a company which spun out of Polygon back in 2023 has just announced a $43M Series A funding round led by Founders Fund, Dragonfly and Cyber Fund. The team also mentioned that the capital would go into building its “Fusion Layer” which is expected to go live in 2025.
-
$ROAR memecoin pumps by 350% before pullback
The Roaring Kitty memecoin ( $ROAR ) pumped by over 350% on 3rd June before a pullback of 50% on 4th June. The price was $0.00039 on 2nd June which went soaring after social media influencer Keith Gill, also known as Roaring Kitty revealed a portfolio holding $107M of $GME (GameStop) stocks on Reddit.
-
Bitcoin Billionaire Michael Saylor Settles Tax Evasion Lawsuit For $40 Million
Michael Saylor, founder and Executive Chairman of MicroStrategy, has agreed to a $40 million settlement with the District of Columbia over an income tax dispute. This marks D.C.’s largest income tax fraud recovery ever, according to officials. • The District of Columbia sued Saylor in August 2022. • Allegations: Saylor did not pay income taxes…
-
Notcoin skyrockets 335% in a week
Notcoin Pump Ever since Telegram’s commitment to crypto and their partnership with Tether, Telegram-linked projects have been doing amazingly well. The latest to break the shackles and pump crazy is Notcoin ( $NOT ), launched in mid-May. The project has seen a 335% pump in the last 7 days and is setting ATH after ATH.…