Origin Protocol token holders have voted to merge the protocol’s lesser known token Origin DeFi Governance “OGV” with its native decentralized finance (DeFi) Ethereum token OGN. The OGN protocol is backed by Reddit co-founder and VC investor Alexis Ohanian, Taiwanese-born American YouTube co-founder Steve Chen, and Y Combinator president Garry Tan. In an announcement, Origin…
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Traders use platforms like DEXScreener to find the top crypto gainers today. Source: DEXScreener’s X Account As blue-chip crypto markets swoon on Tuesday, traders hunting for top crypto gainers today are flocking to the on-chain shitcoin/meme coin markets in the hope of securing quick 10x gains. Bitcoin (BTC) and Ether (ETH) are both down around 5% in 24…
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Digital asset investment products experienced a positive turnaround in sentiment as inflows reached a total of $862 million last week, almost fully recovering from the record outflows of $931 million in the prior week. According to a recent report by CoinShares, Bitcoin (BTC) products attracted almost all of the inflows, drawing around $865 million. The report said that…
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Deribit, the world’s largest crypto options exchange, said Tuesday that its Dubai-based subsidiary was granted a conditional virtual asset service provider license by the Virtual Asset Regulatory Authority (VARA). While the license encompasses both spot and derivatives trading activities, it is currently not operational. Deribit must fulfill all outstanding requirements and VARA’s specific localization criteria…
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Police in Gangnam, an affluent district of Seoul, South Korea, have arrested 10 people accused of stealing money in a bogus USDT OTC trade. Per Maeil Kyungjae, police say a “gang” lured a “victim” into a street in the Yeoksam Neighborhood. Officers said the gang told the “victim” and associates they would sell USDT tokens…
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Binance executive Nadeem Anjarwalla absconded from Nigerian custody in February after his arrest. At the time, he was detained along with American colleague Tigran Gambaryan on accusations of misconduct related to the exchange. In a Sunday interview with a local media outlet, a retired Nigerian official characterized Anjarwalla’s escape as “embarrassing.” He further deemed the…
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The FTX bankruptcy estate has outlined its target to initiate repayments to customers by the end of 2024, as disclosed during a meeting of FTX Digital’s Joint Official Liquidators in the Bahamas. The FTX bankruptcy consists of two distinct processes, including the Chapter 11 bankruptcy being overseen by a Delaware court in the United States…
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Bitkub Capital Group Holdings, the parent company of Bitkub, Thailand’s largest cryptocurrency exchange, has revealed plans to conduct an initial public offering (IPO) in 2025. The company aims to go public on the Stock Exchange of Thailand, CEO Jirayut Srupsrisopa said in a recent interview with Bloomberg. Bitkub is currently in the process of hiring financial…
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Bitwise investment chief Matt Hougan expects the investment firm to become an Ethereum ETF kingpin, but strategically desires a December approval for the products instead of a hasty splash in May. In a move aimed at replicating the success of recent Spot Bitcoin ETFs, the firm recently filed an SEC application to launch a Spot…
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Merkle Manufactory, the company behind the decentralized social network Farcaster, is on the verge of reaching a valuation of $1 billion in its latest funding round. Leading the funding round is crypto investment firm Paradigm, known for its investments in major cryptocurrency companies like Coinbase, Blur, dYdX, Compound, and Citadel Securities, Bloomberg reported, citing sources familiar…
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