Key Updates in the Crypto Market
Friday, September 6, 2024 3:19 PM
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Bitcoin price drops to $55,711.26 as Arthur Hayes predicts it could fall below $50K amid market turmoil. Worldcoin CEO Alex Blania reveals plans for global expansion following Facebook’s model. Injective launches the ‘First Ever’ tokenized index for BlackRock’s BUIDL Fund, allowing users to take long or short positions. Pepe Unchained raises $12 million in presale with heavy whale buys, attracting attention as the next big crypto. Justin Sun’s SunPump shifts to a ‘100% On-chain Buyback and Burn Process’ strategy. Penpie DeFi Protocol hacked, resulting in the theft of $27M in crypto assets.
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Theta Labs Partners with Seoul Women’s University for AI Research AccessTheta Labs has signed a multi-year agreement with Seoul Women’s University to provide its AI research lab access to Theta EdgeCloud’s decentralized GPU computing power. The partnership aims to boost computational power for AI research in healthcare, bioinformatics, and finance by leveraging Theta Ed
9 days ago
DePIN Sector Surges: Helium Leading the WayDePIN, the sector bridging everyday life with the digital world, is booming with Helium emerging as one of the fastest-growing networks in crypto. Over the last 30 days, DePIN's market cap surged by 22.7%, reaching $20 billion with a 400% increase. The fundraising volume also saw a 296% surge year-o
10 days ago
SEC Warns FTX Over Repayment Plan Involving CryptocurrenciesSEC issues warning to FTX over proposed repayment plan involving stablecoins and cryptocurrencies. FTX, facing an $8 billion deficit, aims to repay creditors up to 118% of their claims in cash, with only claims under $50,000 eligible. While some creditors prefer crypto payments, SEC raises concerns
10 days ago
Helium's HNT Token Surges on Growing Mobile Subscribers and Technical AnalysisHelium's native token (HNT) has surged by over 18% in the past week, outperforming many other cryptocurrencies. The rise in price is attributed to the growth in Helium's mobile subscribers, which now exceed 112,000. This surge follows a 40% spike in price just two months ago when the subscriber coun
10 days ago
Exploring Promising DePIN Altcoins: Render and OriginTrailDePIN, with a market value of around $20 billion, is a rapidly growing sector in the crypto space. Despite the sector's fast expansion, there are still promising opportunities available. Here are three DePIN altcoins worth considering:
1) Large Cap: Render ($RENDER)
Render is a major DePIN project
10 days ago
DePINs: Transforming Web3 Infrastructure and AI DemandA recent MV Global report highlights the transformative potential of DePINs in the Web3 space, with over 1,000 projects and a $50 billion market cap. DePINs, decentralized physical infrastructure networks, aim to decentralize real-world systems like communication networks and energy markets. The rep