Summary:
Telegram-associated cryptocurrency, TON (Toncoin), has surged into the top 10 cryptocurrencies by market capitalization.
The recent price surge followed the announcement that the TON wallet will be integrated into the Telegram messaging app, allowing users to directly buy, sell, and trade cryptocurrencies.
TON’s impressive gains have outpaced established networks like Solana, Tron, Polygon, and Litecoin.
Let’s explor…
A Manhattan jury has found Singapore-based Terraform Labs and its founder, Do Kwon, liable for civil fraud charges related to their stablecoin, TerraUSD.
The Securities and Exchange Commission (SEC) accused Terraform Labs and Kwon of misleading investors about the stability of TerraUSD and falsely claiming that Terraform’s blockchain was used in a popular Korean mobile payment app.
The collapse of TerraUSD in 2022 resulted in investors…
Summary:
Matt Hougan, CIO of Bitwise Asset Management, predicts a massive influx of capital into the cryptocurrency market.
He estimates $1 trillion could enter the space, dwarfing the current $12 billion invested through ETFs.
This bullish forecast suggests growing institutional interest and potential mainstream adoption of cryptocurrencies.
Matt Hougan, the Chief Investment Officer of Bitwise Asset Management, a leading digita…
Recently, the Pyth Network launched its Oracle services on Merlin Chain. Meanwhile, BTC undergoes a correction, stabilizing at 70,000. Altcoin investors anxiously watch the charts. However, the prevailing sentiment in the market seems optimistic, as most major altcoins are trading in the green zone.
Not surprisingly, meme coins are on the front lines of this rally, with the Shiba Inu price leading the pack, up by 18.08% over the past week…
Prisma Finance, a decentralized finance (DeFi) protocol, suffers a critical exploit resulting in over $11 million stolen.
The attack targeted the platform’s LRT stablecoin, raising concerns about the security of DeFi protocols.
Prisma Finance has paused operations to investigate the incident.
Just as the DeFi space was grappling with the recent inquiry surrounding the Ethereum Foundation, another major setback has emerged. Prisma F…
