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Category: Investments

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eBay Web3 Team Cut 30% Amid Its NFT Business May Close

Key Points: eBay is reevaluating its NFT strategy, with reports of significant layoffs within the eBay Web3 team, including the resignation of Stef Jay, the business and strategy officer. Recent changes follow eBay’s acquisition of NFT marketplace KnownOrigin in June 2022 and the subsequent purchase of TCGplayer, signaling a significant investment in digital collectibles. eBay…
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Binance Lists Starknet (STRK) On Feb 20, Massive STRK Distribution Begins!

Key Points: Binance to list Starknet (STRK) on February 20, 2024. Starknet Foundation launches event, distributing 40 million STRK. Starknet schedules airdrop of 728 million tokens for February 20. Binance lists Starknet (STRK) on Feb 20, 2024. The Starknet Foundation will distribute 40M STRK to DeFi protocols over 6-8 months. Binance has announced the listing…
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Market Overview (Feb 12–Feb 18): MicroStrategy’s Profits and Bitcoin’s Record Highs

Key Points MicroStrategy’s profits were reported at $3.5 billion, emphasizing the potential of crypto investments. The Federal Reserve Chairman called for a legal framework for stablecoin amid crypto market expansion. Bitcoin is reaching new all-time highs after 2 years, partly due to the forthcoming ‘halving’ event and Bitcoin ETFs. Get an in-depth look at crypto’s…
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BNB, VET, RNDR and KAS flash bullish as Bitcoin bulls fight to hold $52K

Bitcoin could face headwinds at $52,000, but BNB, KAS, VET, and RNDR may continue to move higher. Inflows into the spot Bitcoin  exchange-traded funds (ETFs) topped $2.2 billion between Feb. 12 and Feb. 16, indicating a strong investor appetite. Bloomberg analyst Eric Balchunas said in a X post that BlackRock’s iShares Bitcoin Trust (IBIT) has attracted year-to-date…
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Worldcoin soars 140% in a week as wallet app hits 1M daily users

The price of Worldcoin’s WLD token has surged 141% in the past seven days as the firm notched a daily active user milestone. Worldcoin (WLD) token — a crypto project co-founded by OpenAI CEO Sam Altman has surged more than 140% over the last week, as its daily users ticked over the 1 million mark.…
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Apple yet to remove fake Rabby Wallet app as users report being drained

The malicious app is still on Apple’s App Store four days after it was first discovered and flagged by App Store users. A fake version of Rabby Wallet, a crypto wallet app, has been reportedly wreaking havoc on unsuspecting users of the Apple App Store. On Feb. 16, the team behind DeBank’s Rabby Wallet confirmed…
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Revolut to Introduce Crypto Exchange Targeting Advanced Traders!

Key Points: Revolut is launching an advanced trader-centric crypto exchange, offering lower fees and robust analytics. The platform promises a fee range of 0% to 0.09%, introduces limit and market orders, with no fees on limit orders. After halting crypto services for UK business customers, Revolut now targets advanced traders with enhanced tools. Revolut is…
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BTC price due $55.4K next amid warnings over end of Bitcoin ‘euphoria’

Bitcoin may be “up only” on short timeframes, but seasoned traders are already preparing for a blow-off BTC price top and subsequent bear market. Bitcoin  is on the way to $55,000 this week — but warnings of a new bear market are already surfacing. In his latest analysis on X (formerly Twitter) on Feb. 14, popular trader…
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Ether staking deposits touch $85B, 25% of circulating supply now locked up

Amid growing staking demand, the price of Ether has made significant strides, reaching a new yearly high above $2,800. The total amount of staked Ether in the Beacon Chain has reached 30,206,801 ETH, which is worth over $85 billion, locking up nearly 25% of the total circulating supply. There are currently 943,974 active validators on…
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Layer 2 Starknet STRK Token Prepares For Upcoming Massive Airdrop

Key Points: Starknet Foundation announces a distribution plan for native token STRK, with nearly 1.3 million wallets eligible for rewards. The Starknet STRK token airdrop scheduled for Feb. 20 aims to distribute 728 million tokens, with users having until June 20 to claim their share. The Starknet Foundation has announced its distribution plan for its…
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