Topic

World News

A collection of 792 issues

Hong Kong Resumes Record-Breaking Purchases of Russian Gold, Spending $750 Million in May Alone

Hong Kong significantly increased its purchases of Russian gold in May, buying almost 60 times more than in April, reaching a total of $750 million—the highest amount since October of the previous year. This surge in imports marks a notable rebound from earlier in the year when there were

Colosseum Startup Secures $60 Million in Funding to Boost Early-Stage Projects in GameFi, DeFi, and DePIN Sectors

In a significant financial boost, Colosseum, a startup operating within the Solana ecosystem, has successfully closed a $60 million investment round. This substantial capital influx is poised to spearhead the development of cutting-edge projects across various sectors, with a specific focus on GameFi, DeFi, and DePIN. The investment was led

CryptoQuant CEO Reveals Bitcoin Transaction Processing Speed Has Fallen to 2011 Levels

Ki Young Ju: Bitcoin’s Transformation into Digital Gold Hinders Its Function as a Daily Payment Method The CEO of CryptoQuant, Ki Young Ju, has made a striking revelation: the speed of transactions on the Bitcoin network has plummeted to levels last seen in 2011. This significant drop in performance

Roaring Kitty's $236 Million Loss: GameStop Stocks and Meme Coins Plummet

In a dramatic turn of events, financial analyst Keith Gill, famously known as Roaring Kitty, held his first livestream in three years, revealing a staggering $236 million loss due to declining GameStop stock prices. This disclosure led to a significant drop in both GameStop shares and related meme coins, causing

Pump.fun Achieves Record-Breaking Revenue Amid High Demand for Meme Coins

Historical Revenue Peak Reached on Pump.fun On May 29, Pump.fun experienced a significant milestone by reaching its highest revenue in history. Over the past week, the average daily revenue exceeded $780,000, a testament to the platform's growing popularity. This impressive growth is primarily driven by

Binance to Implement Restrictions on Certain Stablecoins for European Clients

Cryptocurrency exchange Binance has announced a new policy change that will affect certain stablecoins for its clients within the European Economic Area (EEA). Starting from June 30, 2024, Binance will limit support for "unauthorized" stablecoins as a result of the Markets in Crypto-Assets Regulation (MiCA) framework. This regulation

Global Oil Prices Drop to Lowest Level Since Early February: Analyzing the Market Decline

Brent Crude Prices Fall Below $78 Per Barrel for the First Time Since February 6 On June 4, global oil prices experienced a significant drop, with Brent crude prices falling below $78 per barrel for the first time since February 6, 2024. This data was reported by the London-based ICE

Former U.S. President Donald Trump Found Guilty of Document Forgery; Associated Cryptocurrency TRUMP Token Plummets

In a landmark verdict on May 30, 2024, a New York jury found former U.S. President and current presidential candidate Donald Trump guilty of document forgery. NBC News reported the conviction, which marks Trump as the first U.S. president convicted of a criminal offense. The final sentence, which

Mt. Gox Moves $9.6 Billion in Bitcoin for First Time in Five Years

In a significant financial move, the Mt. Gox cryptocurrency exchange has transferred bitcoins valued at over $9.6 billion, marking its first activity of this magnitude in five years. This event involves the relocation of 141,658 BTC to a new address as reported by Whale Alert on May 28,

Whale Victim of Repeated Phishing Scam Loses Nearly $7 Million

In a startling incident, a cryptocurrency whale, previously victimized by phishing in 2023, has once again faced substantial financial loss. This time, the loss amounts to nearly $7 million due to a sophisticated phishing attack. On-chain analysts have disclosed that an unknown user fell prey to a phishing scheme that