Crypto News
Latam Insights Encore: El Salvador’s $3 Trillion Gold Stash Will Be Catalyst for a Bitcoin-Centric Future
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. This edition examines how El Salvador might leverage its newfound gold reserves to increase its bitcoin stash, becoming richer in just one trade. Latam Insights Encore: El Salvador Might Follow Michael Saylor’s Playbook, Using GoldSource link
WazirX’s WRX Plunges 60% After Binance Delisting, Dampening Hopes of a ‘Fresh Start’
A Binance delisting decision sent prices of defunct crypto exchange WazirX’s WRX tokens down 60% in an hour, even as the exchange hopes for a “fresh start” of its platform.Binance said Wednesday that it was delisting WazirX’s WRX, along with Kaon (AKRO) and Bluzelle (BLZ), as part of a regular review of tokens that no longer meet its offering standards.Delisting a token from major exchanges is often perceived as a lack of confidence in the token's viability or future, triggering a negative market sentiment around the affected token. Prices of AKRO and BLZ fell as much as 40% after the announcement, but WRX was the hardest hit.WRX token exchange hands at 10 cents as of Wednesday, down 98% from a...
Crypto Daybook Americas: Pre-Fed Derisking Marked by PENGU Liquidity Squeeze
By Omkar Godbole (All times ET unless indicated otherwise)The crypto market is derisking ahead of today's Fed rate decision. Everyone's buzzing about the likelihood of another rate cut that will supposedly galvanize risk-taking in the economy and financial markets.Here's the twist: The central bank is expected to signal three rate cuts for 2025, not the four it projected in September, as well as revise growth and inflation forecasts higher. No surprise, then, that bitcoin and ether are trading nearly 2% lower, driving bigger losses in small-cap tokens. Among them, Pudgy Penguins' PENGU token, which has slumped over 50% since Tuesday's airdrop.The front-end call premiums in both BTC and ETH have already taken a hit, signalling a more cautious vibe in...
Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global
Coinbase has thrown a legal argument against a lawsuit from Bit Global Digital Limited, which aims to overturn Coinbase’s choice to drop wrapped bitcoin (WBTC) from its exchange. Coinbase Defends Its Decision to Delist WBTC In a court filing submitted on Tuesday, Coinbase defended its action, claiming it was a necessary step to shield itsSource link
Dogecoin Pup’s IP Owner Bags Rights to Neiro, Putting Namesake Memes in Focus
An intellectual property (IP) ownership could soon end up in a fight of digital dogs.Own The Doge DAO, a collective that holds the original ‘doge’ meme, on Tuesday said it had acquired the rights to use pet shiba inu Neiro’s images and was holding a community discussion on which NEIRO token can continue to use the dog’s liking.“We’re pleased to announce that @kabosumama has officially granted our DAO the Neiro IP,” Own The Doge said on X. “When Atsuko revealed the name of her new adopted dog, Neiro, many tokens were launched in an attempt to capitalize on her name and story.”“However, since then, these various tokens have battled each other to become the ‘real’ Neiro, with no agreed criteria....