Author: Giannis Andreou

Terraform Co-Founder Do Kwon Pleads Not Guilty in US Court Appearance

On January 2, 2025, Terraform Labs co-founder Do Kwon stood before a US magistrate for the first time since his extradition, entering a plea of not guilty to the charges against him. The legal hearing, held in Manhattan’s Southern District of New York, marked the beginning of a high-profile case against the former tech leader. […]

Solana adds $1B worth of stablecoins in December

Solana experienced a remarkable $1 billion increase in stablecoin value throughout December, with the majority of the inflow attributed to USD Coin (USDC), according to data from DefiLlama. This growth underscores the rapid adoption of stablecoins and highlights Solana’s emergence as a key player in decentralized finance (DeFi) during 2024. The Solana network now boasts […]

BlackRock’s Bitcoin ETF Leads 2024 Net Inflows Among Competitors

BlackRock’s spot Bitcoin exchange-traded fund (ETF) outshined its competitors in 2024, recording over $37 billion in net inflows, according to Farside Investors. The iShares Bitcoin Trust (IBIT) attracted more than three times the net inflows of its closest rival, Fidelity’s Wise Origin Bitcoin Fund (FBTC), which brought in nearly $12 billion. BlackRock also claimed the […]

Stablecoin reserves hit $45B on exchanges – What it means for Bitcoin investors

Bitcoin’s [BTC] recent price rally has reignited discussions around market dynamics, particularly Binance’s massive stablecoin reserves and their role in fueling bullish sentiment. As of December 31, these reserves soared to an impressive $44.5 billion, signaling significant buying potential that could further propel BTC upward. At the time of writing, Bitcoin was trading at $93,592.03, […]

MiCA’s Influence on USDT and the European Crypto Ecosystem

The European Union’s Markets in Crypto-Assets (MiCA) regulation officially came into effect on Monday, ushering in a new era for cryptocurrency governance within the region. However, questions remain about Tether’s USDT, the leading stablecoin globally, as it has yet to achieve certification under MiCA’s compliance framework. The silence from EU regulators regarding USDT’s adherence to […]

Could a Bearish Bitcoin Pattern Signal $76K BTC Price Ahead of Trump’s Inauguration?

Bitcoin’s price has faced significant pressure since reaching its peak of $108,353 on Dec. 17, with its recent dip below $92,000 raising concerns among analysts. This move has brought the potential formation of a bearish head-and-shoulders pattern into sharper focus. If Bitcoin fails to hold above the neckline at $92,000, further downside could be on […]

Memecoins lose momentum as $40 Billion lost in December

The market capitalization of memecoins saw a significant decline of approximately 30% in December, indicating a slowdown in interest and demand for meme-based tokens. Data from CoinMarketCap reveals that the total memecoin market cap stood at $120.14 billion on December 1. This figure peaked at $137.06 billion on December 9 before sinking to $92.67 billion […]

Bitcoin Drops Below $94K: Are Bears Taking Over?

On December 29, 2024, Bitcoin’s value fell beneath the $94,000 threshold, marking a decline from its record high of nearly $108,000 set on December 17, 2024. Data from CoinMarketCap reveals that Bitcoin has decreased by 1.29% in the last 24 hours and 2.67% over the past week. Currently, Bitcoin is trading below its 20-day exponential […]

BONK drops 7% Despite Burning $51M Worth of Tokens During “BURNmas”

The Solana-based memecoin BONK saw a notable 7% drop in value, even after an ambitious token-burning event removed 1.69 trillion BONK tokens—equivalent to over $51 million—from circulation. In late November, the BONK team unveiled plans for “BURNmas,” an initiative aiming to burn 1 trillion tokens. The campaign incentivized social media engagement by burning 1,000 BONK […]