High-Risk DeFi Loans Spike Post-US Election Amid Crypto Market Rally
High-risk DeFi loans have skyrocketed since the US election, just months after Curve’s founder was liquidated for over $100 million. The value of cryptocurrency loans is rapidly increasing, possibly signaling a cautionary trend for crypto markets amid investor optimism following the U.S. presidential election. Data from IntoTheBlock shared in a Nov. 6 post on X […]
PONKE Price Jumps 19% On Binance Support, What’s Next?
PONKE’s price rises 19% after Binance offers support with a futures listing and up to 75x leverage. The Solana-based meme coin Ponke (PONKE) saw a 19% price surge following Binance’s announcement of a USDⓈ-Margined PONKEUSDT Perpetual Contract. Set to launch on November 4, 2024, the contract will offer up to 75x leverage, presenting new trading […]
Canary Capital Files Solana ETF Application with US SEC
The crypto asset manager has filed for a spot Solana ETF, following earlier filings for XRP and Litecoin ETFs in October. Crypto asset manager Canary Capital has filed with the U.S. Securities and Exchange Commission for a spot Solana exchange-traded fund (ETF), following similar applications by VanEck and 21Shares. The proposed spot Solana ETF would track […]
North Korean Developer Allegations Shake Cosmos Ecosystem
Cosmos‘ co-founder and core contributors were unaware of the North Korean link, which could remove the Liquid Staking Module. A recent on-chain investigation claims that part of the Cosmos ecosystem may have been developed by North Korean agents, potentially drawing the FBI’s attention in 2023. According to Cosmos ecosystem developer Jacob Gadikian, who shared the […]
Wirex Pay Introduces Non-Custodial Crypto Payments
Wirex Pay launched its modular payment chain, which improves security with non-custodial wallets and a private key mechanism. Web3 money app Wirex has launched early access to Wirex Pay, a modular blockchain specifically created for payments. This move comes as trust in centralized platforms wanes and more users shift toward self-custody wallets. On October 9, […]