News

Solana-based meme coin factory Pump.fun has retaken a key statistical lead over SunPump, nearly two weeks after the Tron token launchpad flipped Pump.fun in daily created coins.  On August 21, SunPump created 1,658 more tokens than Pump.fun over a 24 hour period. But this token creation dominance was short-lived. On Wednesday, according to Dune data, SunPump created just 1,258 tokens, falling 83% from 7,531 tokens created just two weeks prior. This decline can also be seen in the Tron launchpad...

Connecticut-based 3D and virtual reality startup Infinite Reality aims to leverage the computing and generative AI power of Google Cloud through a multi-year deal, the company announced on Thursday. With the new arrangement, which includes incorporating Google’s Gemini AI, Infinite Reality said customers and brands will be able to create AI-powered 3D virtual worlds and immersive environments for websites and apps. “Our partnership with Google is laying the foundation for massive adoption of imm...

The United States Federal Reserve has issued a cease and desist order to United Texas Bank, citing deficiencies in the bank's risk management systems, particularly in its dealings with crypto clients. The order, dated September 4, 2024, follows an examination of United Texas Bank conducted by the Federal Reserve in May. The examination revealed issues within the bank's corporate governance structure and identified oversights by the board of directors and senior management. The Federal Reserve id...

Bitcoin failed to hold levels above $58,000 Thursday morning, slipping to $56,700 and trading flat on the day. Per data from CoinGecko, the price of Bitcoin is currently $56,794, up 0.6% in the past 24 hours and down 4.7% on the week. Even as Bitcoin dropped to a little below 20% under its all time high, a new analysis has revealed a growing growing risk factor in the crypto market—short-term holders who are currently underwater on their investments could potentially trigger significant market...

Robinhood’s crypto arm has agreed to pay $3.9 million after being accused of preventing customers from withdrawing digital assets from their accounts over a four-year period. On Wednesday, the California Department of Justice said it marked the first public action by the regulator against a crypto firm as it continues to exercise its authority under the banner of “protecting consumers.” Findings from the California Department of Justice's investigation revealed Robinhood Crypto LLC allowed users...

The U.S. risks lagging in stablecoin regulation at the federal level amid competing jurisdictions worldwide, even as the Republican and Democrat parties work to establish clearer rules for the sector.  The concern was highlighted by Circle’s Vice President, Yam Ki Chan, in an interview with Decrypt during Korea Blockchain Week on Wednesday, where he discussed global regulatory shifts. “Major jurisdictions around the world have set a minimum baseline for what a well-regulated stablecoin looks lik...

The Core Foundation on Thursday unveiled LstBTC, an ERC-20 liquid staking token pegged 1:1 with Bitcoin (BTC), aiming to solve a longstanding dilemma for Bitcoin holders: the choice between earning staking rewards and maintaining liquidity. This allows BTC holders to earn daily rewards in CORE tokens while keeping their Bitcoin liquid for use in decentralized finance (DeFi) applications at the same time. Speaking with Decrypt, Rich Rines—an initial contributor to Core DAO—said that Bitcoin makes...