Elon Musk’s Father Eyes $200M Fundraising with ‘Musk It’ Memecoin
Errol Musk Launches Crypto Token Amid Memecoin Craze Errol Musk, the father of billionaire entrepreneur Elon Musk, is reportedly entering the cryptocurrency space with his own memecoin project, ‘Musk It’ (MUSKIT). He aims to raise up to $200 million through the initiative to support a for-profit think tank, the Musk
Bitcoin Retail Investors Offload $625M to Binance While Whales Hold Steady
Small-Scale Holders Take Profits as Major Investors Stay Put Retail Bitcoin investors have offloaded around 6,000 BTC to Binance this month, worth approximately $625 million at current prices. However, large-scale holders, or “whales,” have remained largely inactive, hinting at a divergence in market sentiment. Retail Investors Rush to Sell According
Crypto Hacks Drop 44% Year-on-Year in January, but CeFi Remains Prime Target
Cyber Theft Declines but Risks Persist Cryptocurrency hacks saw a significant decline of 44% year-on-year in January 2025, according to a report by blockchain security firm Immunefi. Despite the drop, centralised finance (CeFi) platforms continue to bear the brunt of cyberattacks, accounting for 93% of total losses. Hackers stole more
Trump Media Launches Truth.Fi, Expanding into Crypto and ETFs
New fintech platform marks latest move into digital assets Trump Media and Technology Group (DJT), the company behind the social media platform Truth Social, has announced the launch of Truth.Fi, a new financial services platform focusing on cryptocurrencies and exchange-traded funds (ETFs). The company’s board has approved an investment of
Crypto Mobile Wallets Reach Record 36 Million Amid Growing Retail Adoption
The number of mobile cryptocurrency wallets has surged to a record high of over 36 million in the fourth quarter of 2024, according to Coinbase’s latest crypto market report. This milestone reflects a shift from passive crypto ownership to active usage, as more individuals engage with blockchain-based protocols and decentralised
Ondo Finance to Launch Tokenized US Treasury on XRP Ledger
Tokenized Bonds Backed by BlackRock Fund to Be Redeemable with RLUSD Stablecoin Tokenization protocol Ondo Finance has announced plans to deploy its tokenized US Treasury fund, OUSG, on the XRP Ledger. This move aims to provide investors with seamless access to institutional-grade government bonds, redeemable via Ripple’s RLUSD stablecoin. According
Cardano (ADA) Price Surges Amid Crypto Market Rally and Plomin Upgrade
Cardano (ADA) has seen a significant price recovery, bouncing 12.5% from its $0.857 low on January 28. At the time of writing, ADA is trading at $0.956, up 7% over the last 24 hours, supported by broader crypto market momentum and the approval of its Plomin upgrade. Crypto Market Recovery
Bitcoin Reclaims $100,000 as Markets Rebound Amid DeepSeek Disruption
Bitcoin (BTC) surged back above $100,000 on January 27 as the cryptocurrency market shrugged off concerns triggered by a US stock market scare. The rebound followed a sharp drop in response to the launch of DeepSeek, a Chinese ChatGPT rival, which raised fears about US competitiveness in the artificial intelligence
Trump Memecoins Spark Surge in Crypto Interest and Google Searches
Former United States President Donald Trump’s entry into the memecoin market has reignited interest in cryptocurrency, pushing search interest for the term “crypto” to its highest level since 2021. According to Google Trends data, the spike coincided with the launch of Trump’s official memecoin project on 18 January, just days
Bitcoin Bull Market in Jeopardy? Seven Indicators Signal Potential Cycle Top
Bitcoin’s meteoric rise could face a significant challenge this year as key on-chain metrics suggest a potential end to the current bull market. Analysts are flagging cautionary signs as Bitcoin’s (BTC) price hovers near $105,738, with some indicators nearing sell-off territory. On-Chain Data Hints at Distribution Phase According to new
