News

Harris and Trump may not have mentioned crypto. But crypto folk had plenty to say about Tuesday night's presidential debate.

Coinbase's launch of its wrapped Bitcoin product, cbBTC, has ignited a fierce debate within the industry, with Tron (TRON) founder Justin Sun lambasting the new offering, calling it a "dark day for BTC" and warning of significant risks to decentralized finance.  Speaking with Decrypt, however, a Coinbase spokesperson stood firm on the product's security and reliability. The cbBTC token is available on Ethereum and Coinbase's Base network and can be used in various DeFi platforms.  "cbBTC lacks P...

Popular Telegram tap-to-earn game Hamster Kombat is set to launch its HMSTR token on The Open Network (TON) later this month alongside an airdrop to its many millions of players. On Thursday, the developers announced plans to drop billions of tokens to Binance customers, as well, through a Launchpool rewards campaign. The HMSTR token will have a total supply of 100 billion tokens, the anonymous Hamster Kombat team revealed Thursday as part of the announcement—and 3 billion of those tokens have b...

Solana meme coin factory Pump.fun has failed to keep more than 100 tokens above the $1 million market cap milestone. This comes as the protocol starts to fall out of favor after its summer-time high. A total of 89 Pump.fun coins are currently above a market cap of $1 million, according to Pump.fun. This means just 0.0045% of the near 2 million tokens are sitting above $1 million.  That said, over the past 24 hours, only 1.5% of tokens launched have “graduated” to Solana decentralized exchange Ra...

Fuse, a London-based renewable energy startup, is looking to reshape the way energy is generated, distributed, and consumed by offering incentives—including cryptocurrency—using mobile apps and decentralized technology. The initiative is a decentralized physical infrastructure network (DePIN), a fast-growing sector enlisting blockchain-based technology and tokens in infrastructure projects—in Fuse’s case, renewable electricity. “When you send power down a power line, there are power losses,” Fus...

The European Central Bank (ECB) dropped the interest rate for its deposit lending facility by another 25 basis points on Thursday, reaffirming its newly dovish monetary policy stance—and Bitcoin and major stock market indices are slightly up following the news. The central bank expects core inflation to rapidly decline over the next two years. That said, its latest projections for economic growth are now weaker than they were in June, and economic activity remains “subdued” due to weak private c...

Digital asset manager Grayscale today launched a new trust giving investors exposure to XRP, the seventh biggest cryptocurrency by market cap and the coin created by the founders of payments platform Ripple. In a Thursday announcement, Grayscale said that it believed the asset had the "potential to transform the legacy financial infrastructure." The trust will allow investors to buy shares that track the price of XRP, but it will operate differently to its Bitcoin and Ethereum exchange-traded fu...