Crypto News
Gold Prices Break $2,900 as the West Takes Cover From Tariff Turmoil
Gold prices have broken records once again, inching closer to the $3,000 key level. This phenomenon has been accompanied by an unusual movement of physical gold to COMEX vaults, as investors cling to tangible assets amidst the current geopolitical backdrop. Gold Keeps Shining, Breaks All-Time High Prices Once Again Gold has proven again that isSource link
Bitcoin Worth $1.6B Leave Exchanges in Biggest Bullish Outflow Since April: Research Analyst
On Wednesday, centralized exchanges registered a net outflow of over 17,000 BTC, worth more than $1.6 billion at the going market price of $98,600, according to Glassnode data shared by Andrew Dragosch, head of research Bitwise. That's the biggest single-day exodus of coins since April 2024. "Whales are buying this dip," Dragosch said on X, referring to the large outflow of coins. Investors typically take direct custody of coins when planning to hold them for the long term. Hence, a large outflow of exchanges is taken to represent bullish sentiment. Note that blockchain data, though widely used to assess market conditions, can be skewed by internal wallet transfers by exchanges.Coinbase alone processed net withdrawals of over 15,000 BTC, per Dragosch....
Berachain’s BERA Trades at $8 Ahead of 79M Token Airdrop and Mainnet Launch
Layer 1 Berachain will airdrop just under 80 million of its BERA tokens to ecosystem and exchange users as the decentralized finance (DeFi)- focussed network goes live later on Thursday, per a release.The total initial supply of BERA is 500 million tokens, with 48.9% allocated for community engagement, including airdrops, ecosystem development, and research.The airdrop distribution included testnet users, social media participants, and other community members. Token allocations can be viewed on the Berachain airdrop checker as of Thursday morning and can be claimed using various EVM wallets like Metamask and OKX Wallet.“The BERA token distribution includes an airdrop of 15.75% to Berachain community members, applications, liquidity providers and more as recognition of their contributions to an incredibly robust pre-launch...
Crypto Remittances Fail to Gain Momentum in El Salvador
According to the Reserve Bank of El Salvador, the use of crypto to make remittances to the country has consistently accounted for less than 1% of the total share since October 2024. Adoption of Crypto for Remittances Falters in El Salvador Crypto remittances, one of the main use cases for promoting bitcoin worldwide, have failedSource link
Law Firm Behind Pump.Fun Class Action Demands Removal of Tokens Mocking It
Two law firms that are involved in a proposed a class action suit against Pump.fun say they are now victims of tokens that are impersonating the firm's likeness, and are demanding in a cease and desist letter that the memecoin factory immediately remove them.At the center of the controversy is a token called 'DOGSHIT2' a Solana-based memecoin that's up almost 200%, according to CoinGecko data.It might be confusing to those not terminally online why a law firm would claim a canine excrement-themed token would violate its intellectual property, but references to the token being tied to one of the firm's wallets were found in exhibits initially filed by Burwick against Pump.fun which sought to demonstrate how easy it was to...