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Despite the current bearish crypto market, there’s optimism for altcoins and meme coins in 2024, with Pepe Unchained emerging as a notable contender. Pepe Unchained, a new meme coin themed around Pepe, launched its presale on June 21, 2024. The coin quickly attracted attention from investors, raising over $150,000 and now surpassing $412,000. This surge in interest is attributed to $PEPU’s attractive staking rewards and enhanced transaction capabilities. Pepe Unchained Introduces Layer-2 Ethereum Blockchain for Efficient Meme Coin Operations Pepe Unchained plans to unveil its native Ethereum layer-2 (L2) blockchain, designed to tackle scalability, speed, and efficiency challenges prevalent in layer-1 (L1) blockchains like Ethereum. These secondary frameworks are layered atop existing L1 blockchains, effectively addressing issues exacerbated during bullish markets. By alleviating network congestion, L2 block chain s empower investors to seize market opportunities efficien...

1. US Department of Justice Settles with Binance for Over $4 Billion, CZ Resigns On December 21st, the world’s largest cryptocurrency exchange, Binance, and its CEO, Changpeng Zhao (commonly known as “CZ”), reached a significant settlement with the U.S. Department of Justice. CZ pleaded guilty to charges of violating U.S. anti-money laundering laws. As part of the settlement, he stepped down from his position as CEO of Binance. Binance agreed to pay a fine of over $4 billion, and CZ acknowledged the failure to establish effective anti-money laundering procedures within Binance. Currently, CZ still faces undetermined legal consequences and is prohibited from participating in Binance’s operations for three years. 2. SEC Files New Lawsuit Against Kraken Alleging Unregistered Trading Platform Operation link On November 21st, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the cryptocurrency exchange Kraken, accusing it of violating securities laws. The SEC stated ...

1. The 15th Anniversary of Bitcoin Whitepaper link October 31st marks the 15th anniversary of Satoshi Nakamoto’s release of the Bitcoin whitepaper. On October 31, 2008, Satoshi Nakamoto published the Bitcoin whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” introducing Bitcoin to the world for the first time. 2. The Fed’s FOMC Maintains Interest Rates, Expected Rate Cut Possibly by June Next Year link On November 2nd, the United States announced the FOMC decision to keep interest rates unchanged. The Federal Reserve’s FOMC statement made minor revisions, describing third-quarter economic activity as “strong,” and indicating that tightening financial and credit conditions could weigh on economic activity. The probability of no change in interest rates and no rate hike in December, as per CME, is as high as 80%. It is widely expected that the tightening cycle may be nearing its end, with the possibility of a rate cut before June next year. 3. CFTC Pays Whistleblowers $1...

1. Tether Holdings Accumulates $72.5 Billion in US Treasury Bonds, Ranks as the 22nd Largest Holder Globally link On September 5th, Paolo Ardoino, the Chief Technology Officer of Tether, tweeted that Tether currently holds US Treasury bonds worth 72.5 billion USD, surpassing countries like the United Arab Emirates, Mexico, Australia, and Spain, making it the 22nd largest holder of US Treasury bonds globally. 2. Former SEC Chairman Jay Clayton: Approval of Spot Bitcoin ETF Is ‘Inevitable’ link On September 4th, former SEC Chairman Jay Clayton stated that the approval of a spot Bitcoin ETF is “inevitable.” The binary distinction between futures and spot products cannot persist indefinitely. Previously, the U.S. Securities and Exchange Commission (SEC) announced a delay in making a decision on proposals for spot Bitcoin ETFs from firms like BlackRock and Fidelity, until at least mid-October. Clayton suggests that the SEC may announce its decision at that time or may need more time, but he...

Hector Network is the latest project to have been affected by the Multichain shutdown. The majority of votes move to liquidate assets  The Hector Network, a team behind a decentralized finance (defi) project on the Fantom ecosystem, is taking steps to prevent further losses following the bridge hack on Multichain. The project put forth a proposal to the decentralized autonomous organization (DAO), suggesting either to liquidate assets in the treasury or to migrate the Hector Network, the assets, and the HEC token to another chain under a different brand. The snapshot reveals that 196 governance token holders have cast their votes, with 77.68% favoring liquidation over migration at the time of writing.  You might also like: Crypto lending protocol Geist Finances ceases operations after Multichain shutdown According to the proposal, the voting period will last for 48 hours, with two hours left before the time lapses. The Hector Network team said the reason for ...

Author: @0xMavWisdom Last month, I took stock of the current situation in the NFT marketplace, including the fierce competition between top-tier platforms like Blur and OpenSea, the struggles faced by LooksRare and X2Y2 with their trading mining approaches, as well as some niche platforms that cater to specific audiences. After experiencing the May hype surrounding Bitcoin Ordinals and the explosive growth of Blend’s lending shares, the future competitive trends in the NFT marketplace have become more apparent. This article will focus on these trends. Trend 1: Multi-functional Aggregation NFT Marketplace Will Become Mainstream As an NFT marketplace, spot trading is the foundation, and providing users with a high-quality and comfortable trading experience is key to market competition. The NFT spot trading functionality has undergone at least two advancements, transitioning from a singular approach to a more diversified one. The first advancement is trade aggregation. Initially, the sell...

Join Our Telegram channel to stay up to date on breaking news coverage Over the past ten years, the public block chain industry has grown from a few million dollars to a $1 trillion market. The space hasn’t yet succeeded in creating a decentralized, safe, interoperable solution, though. Consider switching from Ethereum to Bitcoin, the biggest blockchain network. Centralized exchanges have traditionally been among the few secure, workable options for switching from one chain to another. Via Wrapped Bitcoin, BitGo, a centralized solution provider, offers the biggest pool of liquidity for Ethereum users to access Bitcoin (WBTC). More than 93.6% of the Bitcoin crossed to Ethereum is represented by the BitGo IOU. To exchange BTC and WBTC, users must use BitGo partner services like centralized exchanges or CoinList. WBTC is clearly vulnerable to centralization and regulatory issues because to its dominance. With the demise of FTX, Alameda Research’s platform RenBTC was s...

Although rare, real-world blockchain utility does exist, now evidenced by one company’s efforts to reduce transactional fees in supply chains. The world is quick to blame inflation for the rising prices at grocery stores and retailers. This was the #1 political issue for recent Election Day voters in the United States. For example, media sources recently reported poll data that 85% of Americans could not afford to spend $200 on a Thanksgiving meal in November 2022, and only 25% could afford $100. However, few recognize inflation is only part of the problem. Higher costs for products and services are also directly attributable to settlement fees paid by transportation providers who are forced to take out the equivalent of payday loans against their freight invoices. Shipper payment terms in the transportation industry are known to be egregious, and most transportation carriers cannot afford to wait 30–180 days to get paid. When a carrier factors, it pledges the collection rights in its...