Search results for "DL"
14:54

Tron has voted to drop network fees by 60%.

PANews August 29 news, according to DL News report, Tron (TRON) decided to drop the transaction fees by 60% after the network usage cost doubled last year. On Friday, the proposal to lower the transaction fees was passed in the voting by the network block producers. Sun Yuchen stated in a post on X platform announcing the vote's approval: "In the short term, Tron's profitability will be affected as the network transaction fees have been directly reduced by 60%, but in the long run, with the increase of users and volume on the Tron network, profitability will be enhanced." He added that in the future, Tron super representatives will review the network transaction fees quarterly.
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TRX0.37%
01:23

Mode Network TVL has fallen 99% from its peak in May last year.

PANews, August 5 news, according to DL News, DefiLlama data shows that the total lock-up value (TVL) of the Ethereum Layer2 network Mode Network has fallen by 99% from its peak of $582 million in May 2024 to approximately $4 million. The native token MODE of the network has dropped over 98% from its historical high. After receiving a $5.3 million grant from the Optimism Foundation in January 2024, Mode Network attracted a large amount of liquidity in a short period through an airdrop incentive campaign. However, as the incentives decreased, its more than 50 DeFi projects on-chain are now generating almost no actual revenue. Notably, the official website still shows a TVL of $500 million, which is seriously inconsistent with on-chain data.
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02:09

Wall Street's big short warns: the corporate Bitcoin treasury craze is repeating the SPAC-style bubble risk.

BlockBeats news, on July 18, according to DL News, Wall Street's well-known short seller Jim Chanos has sounded the alarm on the heated phenomenon of corporate Bitcoin treasuries. Chanos likened it to the frenzied SPAC (special purpose acquisition company) wave of 2021—when $90 billion was raised in just three months, only to end in a disastrous collapse. But this time, the difference is that public companies are purchasing Bitcoin through the issuance of Convertible Bonds and preferred stock, without engaging in any substantial business. "What we are seeing in the Bitcoin treasury market now is strikingly similar to the madness of SPACs in 2021," Chanos said this week on a podcast, "Almost every day there are significant announcements—'hundreds of millions every night.'"
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BTC1.07%
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11:40

Self Chain founder denies involvement in a $50 million over-the-counter Crypto Assets fraud case.

PANews June 20 news, according to DL News, Self Chain founder Ravindra Kumar has recently been accused of being involved in an off-exchange encryption eyecatch worth $50 million, defrauding investors through fake Token trading. Kumar made a statement on the X platform denying the allegations, stating that the relevant accusations are "completely false," and that his legal team is preparing to draft a response statement. This eyewash involves the off-exchange trading of Tokens from several well-known projects such as Sui, Near, Axelar, and Sei. The CEO of the Indian off-exchange broker Aza Ventures, Mohammed
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08:49

a16z crypto has invested over $900 million in the encryption field this year, accounting for one-tenth.

Gate News bot reported, according to DL News, that this week, a16z (Andreessen Horowitz) subsidiary a16z crypto completed its 29th Crypto Assets transaction of the year. The department participated in two rounds of financing for EigenLayer and PrismaX. These transactions bring a16z crypto's total investment in the Crypto Assets sector to $928 million this year. According to data from DefiLlama, this accounts for about one-tenth of the total investment by venture capital firms in Crypto Assets startups in 2025.
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15:25

Cardano founder reveals plans to launch a privacy stablecoin

Gate.io News bot message, DL News reported that Cardano founder Charles Hoskinson announced in a podcast that the team is developing a stablecoin with privacy features. This stablecoin aims to achieve cash-like anonymous payment capabilities. Hoskinson emphasized that transactions of stablecoins in the current market can be tracked on-chain. Cardano plans to meet AML regulations while ensuring user privacy through a "selective disclosure" mechanism.
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ADA0.23%
01:07

U.S. Senator Ossoff accuses Trump of inviting memecoin investors to dinner.

According to the Gate.io News bot, DL News reported that U.S. Democratic Senator Jon Ossoff commented on Trump's invitation to top memecoin investors to attend a "grand dinner." Ossoff stated in a declaration: "The current President of the United States is selling access, which is essentially a direct payment to him, and there is no doubt this has reached an impeachable level." Currently, the Republican Party holds the majority in the House of Representatives.
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TRUMP1.02%
BOT-6.23%
09:50

FTX may reject claims exceeding $2.5 billion related to KYC non-compliance.

PANews, April 5th news, according to DL News reports, FTX will disqualify nearly 400,000 customers from claims due to users failing to start verifying their identity before the March 3rd deadline. Non-compliance with know-your-customer regulations may lead to up to $2.5 billion in claims being cancelled, including $655 million in small claims and $1.9 billion in large claims. FTX stated that this process is crucial as it is essential to remedy the failures of the previous management in user data collection and due diligence.
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09:50

FTX may reject claims exceeding $2.5 billion related to KYC non-compliance.

PANews, April 5 - According to DL News, FTX will disqualify claims from nearly 400,000 customers because they failed to start verifying their identities before the March 3 deadline. Non-compliance with Know Your Customer regulations could lead to the cancellation of claims amounting to as much as $2.5 billion, including $655 million in small claims and $1.9 billion in large claims. FTX stated that this process is crucial as it is essential to address the failures of the previous management in collecting user data and conducting due diligence.
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09:34

FTX will reject claims related to verification errors amounting to approximately $2.5 billion.

BlockBeats news, on April 5, according to DL News, FTX stated that approximately 250 million dollars in customer claims have been canceled due to nearly 400,000 users not completing identity verification (KYC) before March 3. According to documents from the Delaware bankruptcy court dated April 2, 392,000 claims have been completely rejected and removed, involving content up to 2,377 pages. Although the initial estimate for unverified claims was around 1 billion dollars, creditor representative Sunil Kavuri mentioned that the actual amount could exceed 2.5 billion dollars, including 655 million dollars in small claims and 1.9 billion dollars in large claims. These canceled claims are part of FTX's total of 33.6 billion dollars in disputed claims that it expects to reject. FTX stated that this process is aimed at compensating for the actions of the former management regarding users.
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16:33
Coin World News, according to DL News, Dean Norris, an actor from Breaking Bad, has been hacked for the second time in half a year on his Twitter account. The hacker created a token called Dean in his name and promoted it by forging a photo of him holding a piece of paper. The market capitalization of the token once soared to $7 million, but dropped 90% after Norris released a video clarifying the hacker attack. Norris said he didn't realize his account had been hijacked until he received a text message from a friend because he doesn't often use Twitter. In September last year, his account was used to promote the SHRADER Token on the TRON chain. With events such as Trump's release of the TRUMP Token, users have found it difficult to distinguish the authenticity of celebrity-backed tokens.
TRX0.37%
TRUMP1.02%
12:38

Market news: Mark Cuban hopes to acquisitionX from Elon Musk

Odaily Star Planet Daily News, billionaire Mark Cuban, stated that if he could afford it and if X platform is willing to sell, he would not hesitate to acquire X from Elon Musk. However, Cuban said that the only problem with acquiring X platform is that Elon Musk will not sell. (DL)
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01:50

The Federal Reserve accuses United Texas Bank, which is friendly to encryption, of having 'significant flaws' in transactions with encryption-related customers.

BlockBeats News, on September 5th, the Federal Reserve issued a cease and desist order to United Texas Bank, which is encryption-friendly. The reason is that the bank has "significant deficiencies" in its compliance with Anti-Money Laundering laws related to transactions with Cryptocurrency clients, as well as other suspected illegal activities. (DL News)
11:39

The Dubai court officially recognizes that Crypto Assets can be used as payment for labor remuneration.

BlockBeats news, on August 17, according to DL News, a Dubai first-instance court recently confirmed the legality of paying salaries in Crypto Assets under employment contracts in a landmark ruling. The report states that this ruling marks a shift in the UAE's judicial approach to Digital Money, reflecting an increasing acceptance of Crypto Assets. Specifically, this case contrasts with a previous ruling by the same court in 2023, when the court rejected a similar claim involving Crypto Assets due to the employee's failure to provide an accurate valuation of the Digital Money.
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11:40

Encryption startup Q2 financing $2.7 billion, up 2.5% from the previous quarter

BlockBeats news, on August 11, according to DL News citing PitchBook data, the rise startup Q2 accumulated financing of 27 billion US dollars, with 503 financing transactions. The financing amount increased by 2.5% compared to the previous quarter, but the number of transactions decreased by 12.5%. PitchBook stated that with the recovery of investor sentiment, the number and pace of investments for the whole year are expected to continue to rise.
06:34
Odaily Planet Daily News Former FTX executive Ryan Salame, who was sentenced to 90 months in prison, posts on X almost every day. Last Sunday, he wrote, "Are we at a key moment in the cryptocurrency cycle (lenders even allowing you to borrow billions of dollars with a ham sandwich as collateral)?" Four lawyers said that it was 'unusual' for the former FTX executive to make comments on social media after being sentenced, but they added that the legal risks of Salame making public comments were lower than the risks he faced before the verdict was reached. Salame and his lawyer did not immediately respond to requests for comment. (DL News) Earlier at the end of May, there was news that Ryan Salame hinted at writing a book. His X account, after being silent for nearly two years, posted and wrote, "hot damn, this is going to get interesting quickly," seemingly implying that he is ready to talk about the story of FTX exchange. In addition, Ryan Salam wrote in his final tweet, "It's really useful to know who your frens are! I'm glad to be able to grow with them for the long term. If you can get rid of these crazy thoughts, you can really figure out who cares about customers and who doesn't care about customers."
HT12.21%
03:30
PANews May 23rd news, DefiLlama data shows that the total value locked (TVL) of Aave, a decentralized lending protocol on Ethereum, has now risen to $12.966 billion, the highest level since May 6th, 2022. DL News commented that this is the latest sign of DeFi recovering from countless disasters in 2022, which wiped out two-thirds of the industry's market cap. It also indicates that cryptocurrency traders are flocking to ETH after ETF observers expect the Securities and Exchange Commission (SEC) to approve spot Ethereum ETF tomorrow.
ETH1.51%
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11:31
PANews May 14th news, according to DL News, on Tuesday, three judges in the Netherlands ruled that Tornado Cash developer Alexey Pertsev is guilty of laundering 1.2 billion dollars of illegal assets on the cryptocurrency mixer platform Tornado Cash. It is expected that the group will sentence Pertsev on Tuesday. Pertsev's lawyer will have 14 days to appeal the judge's decision.
07:13
According to Eric Balchunas, an ETF analyst at Bloomberg, it is expected that the Ethereum Spot ETF will not be approved before the end of 2025. Currently, there are only nine days left until the deadline for the Securities and Exchange Commission (SEC) to approve or reject the Ethereum Spot ETF. Meanwhile, investors on the on-chain prediction market Polymarket believe that there is a 14% chance of the Ethereum Spot ETF being approved before May 31st. According to reports, Eric Balchunas previously stated publicly that the Ethereum Spot ETF application may be rejected by the SEC on May 23. (DL News)
ETH1.51%
07:01
Bloomberg Analyst: Ethereum Spot ETF Not Expected to Receive Approval from US SEC by the End of 2025 According to DL News, the deadline for the approval or rejection of the Ethereum Spot ETF by the Securities and Exchange Commission (SEC) is only nine days away. Bloomberg Senior ETF Analyst Eric Balchunas said he doesn't expect the ETF to be approved by the end of 2025. Meanwhile, investors on the on-chain prediction market Polymarket believe there is a 14% chance of the SEC approving the ETF by May 31st. #ETH #BTC #ETF
ETH1.51%
BTC1.07%
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13:32
PANews May 11th News, according to DL News, Bloomberg ETF analyst Eric Balchunas pointed out that due to lack of meaningful interaction with potential issuers and the uncertainty of Ethereum's regulatory status, the U.S. Securities and Exchange Commission (SEC) may reject the application for Ethereum spot ETF on May 23rd. Balchunas further predicted that it may not be until the end of 2025 that Ethereum spot ETF can be realized. In addition, he mentioned the potential impact of the 2024 U.S. presidential election, pointing out that if former President Trump wins a second term, the SEC may undergo leadership changes, and the new president may adopt a more crypto-friendly monetary policy.
ETH1.51%
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03:44
Manuel Nordeste, vice president of Fidelity digital assets, said at a recent event in London that fixed income plans and other pension funds "have just begun to discuss" encryption assets with the investment committee. Small, but sophisticated investors, like family offices and high-net-worth individuals, are more likely to buy Crypto Assets, Nordeste said. When Fidelity Digital Assets was just starting out (2018), it saw "family offices, small specialist asset managers, and Hedging funds, and then large Blue-Chip Stocks Hedging funds," adding: "Now, we're starting to have a conversation with bigger, real institutional investors, and we're getting some of those clients, as well as corporates and so on. ” According to the Urban Institute, a think tank, the total retirement savings of teachers and firefighters in the United States will be $4.7 trillion in 2023. The majority (71%) of them are allocated to equities and 21% to bonds. However, a survey conducted by Fidelity Digital Asset on the broader market showed that 80% of high-net-worth individuals have a positive attitude towards digital assets, while only 23% have a positive attitude towards pension plans. Among them, 48% of respondents invest in digital assets, while only 7% of pension plans invest in digital assets. (DL News)
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14:59
DL News reported that Yuga Labs CEO Greg Solano sent an internal email to employees, stating that the company has "lost its direction" and is struggling in a "maze-like process". Previously, it was announced that the adoption was to change Yuga Labs in order to return to its origins. Greg Solano also mentioned that Yuga Labs needs a team that does less work but performs exceptionally, but is currently in a difficult mode.
14:59
DL News revealed in a report that Greg Solano, the CEO of Yuga Labs, sent an internal email to the employees, stating that the company has "lost its direction" and is struggling in a "maze-like process". It was previously announced that this was done in order to change Yuga Labs and return to its roots. Greg Solano also mentioned that Yuga Labs needs a team that does less but excels at what they do, but is currently in a difficult situation.
11:40
Bit World reported: The stock prices of several Bitcoin mining companies are rising in the market trend. The halving may trigger industry consolidation. According to the report from BlockBeats, on April 27th, within a week of the Bitcoin block reward halving, despite the halving of miner income, the stock prices of several Bitcoin mining companies rose. Among them, Riot Platforms' stock price rose as much as 36.3%, Marathon Digital and Cipher Mining rose by 20.1% and 20.3% respectively. Analysts believe that the halving may eventually lead to mining consolidation, with financially strong mining companies acquiring assets from less efficient competitors, resulting in market concentration in the hands of a few competitors. This will help improve profitability, especially when the Bitcoin price rises. (DL News)
BTC1.07%
11:33
After a week of Bitcoin block reward halving, despite the halving of miner's income, the stock prices of several Bitcoin mining companies have increased. According to data from Motley Fool, Riot Platforms saw the highest increase of 36.3%, while Marathon Digital and Cipher Mining increased by 20.1% and 20.3% respectively. Analysis suggests that the halving may eventually lead to industry consolidation, with well-funded mining companies acquiring assets from less efficient competitors, resulting in a concentration of market share among a few players and improving profitability, especially in the case of rising Bitcoin prices. Additionally, while an increase in market share may be positive, miners still need to profit from the difference between costs and Bitcoin prices. (DL News)
BTC1.07%
05:06
Michael Blank, who has served as Polygon Labs' chief operating officer since March 2022, is leaving the company and will remain with the company in the coming months to complete the transition. Nearly three months before Blank was laid off, the company laid off 60 employees, or about 19% of its workforce, nearly three months before Blank was laid off, according to a post announcing the layoffs in February. This follows a series of executive departures from the company over the past year, including two co-founders, a former CFO and a former president. (DL News)
01:49
PANews reported on April 26 that, according to DL News, Michael Blank, who has served as the chief operating officer of Polygon Labs since March 2022, is about to resign. Polygon Labs president Marc Boiron announced Blank's departure on the company's Slack last Thursday, and that Blank will remain with the company for the next few months, which supports the Polygon Blockchain and related products, a spokesperson for Polygon Labs, said a spokesperson for the company. According to Boiron's February post announcing layoffs, the company laid off 60 employees (about 19% of its workforce), and nearly three months later, Blank's position was eliminated. Over the past year, the company has seen a series of key leaders leave, including two co-founders, a former chief financial officer and a former president. A spokesperson for Polygon Labs declined to comment further on the departure of its chief operating officer.
11:04
Paolo Ardoino, CEO of Tether, said at Paris Blockchain Week that Tether's $500 million planned deployment in the Latin American bitcoin mining space is nearing completion. It also said that Tether is first focusing on building renewable energy stations, and that the investment has already financed the construction of mining facilities and energy stations in Uruguay, Paraguay and El Salvador. (DL News)
BTC1.07%
10:35
According to DL News, Riot Platforms' proposed new bitcoin mining farm, which will be the largest bitcoin mining facility in Texas, has not been approved by the state of Texas. The Texas commissioners said they had received strong opposition and concerns from local residents. None of the Commissioners found it appropriate to proceed with Riot Platforms' request.
BTC1.07%
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05:41
According to research firm Bernstein, the size of the crypto asset management industry could surge to $650 billion, led by spot bitcoin ETFs. Bernstein analyst Gautam Chhugani wrote in a note to investors that the current bull market will increase the assets under management of spot bitcoin ETFs from about $48 billion today to more than $300 billion by 2025. Chhugani estimates that spot Bitcoin ETFs will eventually account for 10% of Bitcoin's total value. In addition, the company predicts that the price of Bitcoin will be as high as $150,000 next year. (DL News)
BTC1.07%
04:19
Billionaire Cliff Asness, co-founder of Hedging fund AQR, said on social media that his Hedging Fund trades "small amounts" of Bitcoin in a "pure alternative trend-following product." "The story of 'Halving' is so good that I verified it," he said. During the Halving, Bitcoin's returns were high, but not unusually high." Asness believes that the Long report does not study the data well enough, and the hypothesis that Halving will lead to higher returns is rarely tested. Asness co-founded AQR Capital in 1998, which has grown to become one of the world's largest hedging funds with $120 billion in assets under management. (DL News)
BTC1.07%
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