Author: Crypto Insider

For the past year, airdrops — tokens launched through a free distribution to users — have dominated the narrative in cryptocurrency markets. Now, beset by underperforming tokens and mercenary user bases, airdrops are falling out of favor. Web3 protocols are beginning to ask if it’s time for a new model. Since 2023, airdrops have been…

Toncoin (TON) is the native coin of The Open Network, a layer-1 blockchain initially developed by the Telegram messaging app. The TON ecosystem is largely driven by Telegram’s 900 million active users. Despite being relatively new to the decentralized applications (DApps) ecosystem, the TON Network has surpassed Optimism to become the tenth largest blockchain in…

Banned crypto mixer Tornado Cash has witnessed a surprising uptick in deposit volume in the first half of 2024 despite ongoing sanctions and continued legal strife for its founding team. According to data from Flipside Crypto, Tornado Cash has received some $1.9 billion in deposits in the first six months of this year, a 50% increase from…

Traders have pointed out a bullish pattern emerging on Solana’s price chart, leading some to anticipate a price rally after the asset surged 17% over the past seven days. “SOL HUGE PENNANT on the 1D chart,” trading resource CryptoBusy wrote in a July 18 post, which is a pattern that develops when the price consolidates inside a…

Blockchain identity platform Fractal ID suffered a data breach on July 14, according to a notice published on Fractal’s website on July 17. Partners of the platform include the payment system Gnosis Pay, decentralized finance app Acala, the proof of personhood project Polygon ID, the social media platform Lukso, and other Web3 applications. In its…

Trading volume on centralized crypto exchanges fell by 21.8% in June, marking the third consecutive month that combined spot and derivatives volumes have trended downward since March. In a July 17 markets report CCData shared that the combined spot and derivatives volume across all centralized exchanges stood at $4.2 trillion in June, down 53% from the record…