The trader bagged nearly $2 million in profit by investing in the “4” memecoin shortly after Zhao’s social media post following a BNB Chain phishing incident.
Cryptocurrency News
While tokenization makes headlines, infrastructure will decide who wins | Opinion [btcmanager]
What’s needed for tokenization are interoperable systems that can meet institutional-grade requirements at scale — reliably, securely, and compliantly.
From Nairobi to Lagos: How Africans are using stablecoins to survive inflation [cointelegraph]
In Nairobi and Lagos, stablecoins like USDT and USDC help people fight inflation, cut costly remittances and move money through mobile wallets such as M-Pesa.
Bitcoin powers to $125K peak as balance on exchanges falls to six-year low [cointelegraph]
Bitcoin exchange balances plunged to six-year lows as over $14 billion left CEX platforms in a fortnight and the asset powered to a new peak price.
Bitwise exec predicts Solana will become Wall Street’s preferred stablecoin network [cointelegraph]
Bitwise’s Matt Hougan said Solana’s speed and finality make it Wall Street’s top choice for stablecoins and tokenization despite Ethereum’s dominance.
NFT sales double to $256m, Hypurrr tops the list [btcmanager]
NFT sales volume more than doubled, surging by 103.11% to reach $256.9 million. This is a notable turnaround from last week’s $84.6 million in sales volume. CryptoSlam data shows: Bitcoin’s (BTC) rally to the $122,000 level has energized the entire…
Stablecoins will force 'everyone' to share yield: Stripe CEO [cointelegraph]
Yield-bearing stablecoins will force traditional banks and legacy financial institutions to offer customers real yield on their deposits.
Crypto VC Funding: Flying Tulip leads with $200m, xMoney follows with $21.5m [btcmanager]
Crypto projects raised $351 million across 13 deals from September 28 to October 4, led by Flying Tulip’s $200 million seed round, as DeFi and finance-focused ventures dominated the week’s funding activity. Here’s a breakdown of this week’s top announcements,…
4 reasons the crypto market Is booming past $4 trillion [btcmanager]
The crypto market is surging this week, with BTC and ETH nearing their all-time highs and the total market capitalization climbing above $4.2 trillion.
Blockchain network revenues declined 16% in September: Report [cointelegraph]
Asset manager VanEck attributed the broad decline in blockchain network revenue in September to lower volatility in the crypto markets.