SUI, the native token of the Sui layer 1 smart contract platform is making waves in the DeFi sector after posting a 300% move in three months. SUI price and traders’ attention fell to the wayside in October 2023 amid allegations of supply manipulation from South Korean regulators, but recent technical and on-chain data suggest that SUI’s…

Ethereum co-founder Vitalik Buterin has sparked discussion on how various layer 2 scaling solutions are classified, claiming that the blockchain’s validiums are not genuine rollup solutions. On Jan. 16, Buterin agreed with a comment posted to X (Twitter) by Daniel Wang, the founder of the Ethereum rollup solution Taiko, who said if an Ethereum rollup…

Hong Kong-based crypto exchange HashKey has now hit so-called “unicorn” status after raising nearly $100 million in a Series A funding round at a pre-money valuation of over $1.2 billion. In a Jan. 16 announcement, HashKey said the funding round included “prominent institutional investors” and “leading Web3 institutions” but didn’t disclose their identities. Its claimed…

Navigating the complex terrain of decentralized finance (DeFi) toward mass adoption involves balancing technological innovation, user experience and market trust. With the ongoing evolution of Web3 technologies, the importance of developing effective onboarding strategies is more apparent than ever. Changex, an all-in-one personal finance management app, aims to simplify the onboarding process. In this interview, Nino Chanev,…

Market volatility, a defining characteristic of the crypto realm, introduces opportunities and risks, demanding a nuanced understanding and adept strategies for effective decision-making. Within this dynamic environment, the significance of on-chain data emerges as a crucial tool for traders seeking to navigate the intricacies of volatile markets. On-chain data, a term resonating within the realms…

An anticipated Federal Reserve interest rate cut in the United States could renew major institutions’ interest in decentralized finance (DeFi) and stablecoins — as long as the infrastructure develops further this year, says asset manager Fidelity. In its 2024 Digital Assets Look Ahead report released Jan. 13, Fidelity said while it expected institutions to dive into DeFi for their…

A supposed transaction of nearly $15 billion worth of XRP from an unknown wallet to Bitfinex on Jan. 14 never went through and was part of a failed “partial payments exploit” attempt, according to Bitfinex chief technology officer Paolo Ardoino. The transfer was initially highlighted by blockchain tracking X account Whale Alert, which claimed seeing a…

The Crypto Fear and Greed Index has just plunged back to “neutral” levels — last seen in October 2023 — and just days after the historic approval of spot Bitcoin ETFs in the United States. According to the index, Bitcoin’s market sentiment score currently rests at 52 out of a possible 100 — its lowest score since Oct. 19…

The Hedera Global Governing Council — the body overseeing the Hedera network — has approved allocating 4.86 billion Hedera — the network’s native cryptocurrency — worth rogu for further development and advanced decentralized governance. In a blog post, the council said the lion’s share of the funds, 4.248 billion HBAR, will be directed toward existing initiatives, including the…

The Securities and Exchange Commission (SEC) approved a spate of Bitcoin ETFs on Jan. 10, leading to speculation about how markets might react in the weeks ahead. Bitcoin surged to $49,000 in the hours following the announcement before sinking to just more than $43,000 as of Jan. 12 — impulsive moves that perhaps few observers found surprising….