Illuvium recently made headlines with the announcement of its upcoming airdrop program, which will see the distribution of 250,000 ILV tokens worth approximately $25 million. This initiative is aimed at rewarding the loyal members of its community and enhancing their involvement within the ecosystem. Airdrops have become a popular marketing strategy employed by startups to
The recent approval of spot Bitcoin and Ethereum exchange-traded fund applications in Hong Kong by the Securities and Futures Commission (SFC) was seen as a significant milestone for the city-state’s ambition to become a central hub for digital assets. However, Bloomberg ETF analyst Eric Balchunas has raised concerns about the market’s potential performance compared to
An experienced crypto analyst, Willy Woo, recently made a bold prediction regarding the future price of Bitcoin. According to Woo, the pioneer cryptocurrency has the potential to surge to an impressive $650,000 as the demand for Spot Bitcoin ETFs continues to grow in the market. This forecast has caught the attention of many investors and
Bybit’s recent analysis has set off alarm bells regarding a potential shortage of Bitcoin on exchanges by the end of 2024 if the current demand trajectory is maintained. The report highlights the possibility of reserves being completely exhausted within the next nine months, with withdrawal rates currently hovering around 7000 BTC per day. This forecast
The recent pump of the Solana meme coin, Peshi Cat (PESHI), has taken the crypto community by storm, with a staggering 120x increase in value. However, upon closer inspection, it is evident that Peshi Cat’s price movements are primarily driven by viral traction and speculation rather than any substantial utility. Currently trading at a market
As the cryptocurrency market experiences volatility, Ethereum, the second-largest cryptocurrency by market capitalization, has not been immune to the fluctuations. In recent days, Ethereum’s price has seen a significant drop, reaching lows of $2,800 on April 12. This downward trend mirrors the broader downturn across the entire crypto landscape. However, amidst the chaos, a notable
Avalon, the groundbreaking Web3 gaming studio, recently secured a substantial $10 million in funding, signaling a monumental shift in the gaming industry. Led by notable investors such as Bitkraft Ventures and Hashed, this funding round aims to propel the development of Avalon’s inaugural title, Avalon. Unlike traditional MMO games, Avalon offers players the freedom to
The provincial government of Buenos Aires has formally accused Worldcoin of violating consumer laws through “abusive clauses” in its user agreement. According to the notice, Worldcoin’s unfair agreement allegedly allows it to interrupt services without offering repair or reimbursement. The government also claims that Worldcoin requires users to surrender their rights to collective complaints and
As the fourth Bitcoin Halving event looms closer, various market analysts and traders have shared their insights on the potential outcomes of this bull cycle. One such analyst, known as Lady of Crypto, has recently provided her perspective on the claims surrounding the current market decline and the impact of the impending Bitcoin halving scheduled
US Senators Elizabeth Warren and Charles Grassley have taken a bold step in requesting a detailed account of all interactions between Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam and disgraced crypto mogul Sam Bankman-Fried (SBF). This formal request, made in an April 12 letter, aims to bring to light any potential regulatory failures that