Derivatives exchange BitMEX has launched a new basket index product allowing traders to bet on popular meme coins. Trading for this product began on July 4 at 04:00 UTC, as announced on Thursday. Responding to Meme Coin Popularity The new offering from BitMEX is a response to the growing popularity of meme coins. These digital ... Read more

As Solana’s price declined in June, on-chain activity surged, indicating strong network fundamentals. This analysis delves into Solana’s on-chain data, explores reasons for the June price drop, and examines potential catalysts for a price rebound. Key Takeaways Price Fluctuations: SOL experienced significant volatility in June, peaking at $175 on June 5 and dropping to $124 ... Read more

The world of PolitiFi meme coins experienced major volatility following speculation that President Joe Biden might not secure the Democratic Party nomination for the 2024 Presidential election. The surge in activity came in the wake of Biden's widely criticized debate performance. PolitiFi Meme Coins React to Biden’s Debate Data from CoinGecko indicated that the Solana-based ... Read more

The U.S. Marshals Service (USMS), a branch of the Department of Justice tasked with asset forfeiture, has inked a $32.5 million contract with Coinbase Prime, the brokerage arm of the prominent crypto exchange Coinbase, to provide custody and trading services for its significant cryptocurrency holdings. Coinbase Prime Secures Major Government Contract In a blog post ... Read more

The Central Bank of The Bahamas, which launched the world’s first digital fiat currency in 2020, is now considering a mandate for commercial banks to support its central bank digital currency (CBDC) – the "Sand Dollar." The Bahamas has set a two-year timeline for full integration of the CBDC into the banking systems, aiming to ... Read more

Tether has introduced a new payment method for Filipino citizens, allowing them to make Social Security System (SSS) contributions using its stablecoin, USDT. The SSS, a state-run social insurance program, provides financial support to employees in both formal and informal sectors during challenging times, administering key programs like social security and employees’ compensation. Partnership with ... Read more

Keith Gill, famously known as "Roaring Kitty" from the GameStop trading frenzy, has revealed a significant investment in Chewy, Inc., according to a recent filing with the United States Securities and Exchange Commission (SEC). The SEC Schedule 13G filing, dated June 24, discloses that Gill holds a 6.6% stake in Chewy, amounting to 9,001,000 shares ... Read more

Decentralized predictions platform Polymarket has surpassed $100 million in monthly trading volume for June, driven by intense anticipation around the upcoming United States presidential election. The "Presidential Election Winner 2024" market alone holds an impressive $203.3 million worth of bets across 17 individual prediction markets. Current Election Favorites At present, former President Donald Trump is ... Read more

Big law firms and legal experts from major banks are making a strategic entry into the cryptocurrency industry, aiming to capitalize on its lucrative potential. Lawyers, attracted by the promise of financial rewards and the growing need for specialized legal counsel, are increasingly venturing into the crypto world, as highlighted in a recent report from ... Read more

A United States court has decided to allow the majority of the claims made by the Securities and Exchange Commission (SEC) against Binance and its former CEO, Changpeng “CZ” Zhao, to move forward. The ruling came on June 28 from Judge Amy Berman Jackson, who upheld several critical accusations related to Binance’s activities. Key Claims ... Read more