Crypto News

The dog-themed bonk inu (BONK) token on Solana could be one to watch for in the coming weeks as a new token issuance platform uses part of its fees to buy the token, with nearly $1 million generated in the first three days after launch.Letsbonk.fun, built by members of the BONK community and Raydium, went live late Sunday as a Bonk-focused token issuance platform. A portion of fees will help secure and support the Solana network by using the BONKsol validator, per tweets, with over 10,000 tokens already issued.As of Tuesday, the biggest tokens on Letsbonk.fun are HOSICO ($30 million market cap) and LETSBONK ($5.3 million market cap).“I expect the platform's success to surprise many,” well-followed X user theunipcs told...

The FTX Estate has initiated legal action against NFT Stars Limited and Kurosemi Inc., accusing them of failing to deliver contractually owed tokens. FTX Still Open to Engagement The entity overseeing the estate of the collapsed cryptocurrency exchange FTX announced on April 28 that it is commencing legal action against token issuers NFT Stars LimitedSource link

Oranje, which is receiving advice from Itau BBA, Itau’s investment bank, aims to mimic the moves of Michael Saylor’s Strategy in Brazil and Latin America. The company was founded by crypto industry heavyweights Guilherme Gomes, formerly of Swan Bitcoin, and Guilherme Ferreira, president of Bahema. Oranje Prepared to Acquire Over $200 Million in BTC, FollowingSource link

Bitcoin staking protocol Solv, which has over $2 billion worth of BTC locked on its platform, announced Tuesday the launch of a Shariah-compliant yield product called SolvBTC.core.The new offering, a liquid staking token for BTC, has been developed in collaboration with the Core ecosystem, which offers a range of DeFi applications, including lending, restaking, liquid staking and decentralized exchanges.Created with guidance from Nawa Finance and accredited by Amanie Advisors for Shariah compliance, SolvBTC.CORE generates yield by securing the Core blockchain network and engaging in on-chain DeFi activities while adhering to Islamic finance principles.Solv Protocol enables BTC holders to lend, stake, earn yields, and invest, unlocking the full potential of their coin stash. The launch of the Shariah-compliant SolvBTC.CORE means BTC holders from the...

This means the language learning app is going to "gradually stop using contractors to do work that AI can handle," according to CEO Luis von Ahn.Source link