cryptobriefing
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Token extensions are “a big good” reason why PayPal taps Solana for stablecoin, says PayPal crypto chief
Key Takeaways PayPal has opted for Solana due to its efficient transaction capabilities and token extensions. Ethereum was deemed unsuitable…
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BingX pledges to reimburse users after security breach
Key Takeaways BingX suffered a security breach targeting its hot wallet. The exchange commits to fully reimbursing affected users using…
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Bank of Japan keeps rates unchanged after core inflation firm to 2.8%
Key Takeaways BOJ keeps rates at 0.25% following a 2.8% rise in CPI. US Federal Reserve cuts rates by 50…
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Bitcoin enters ‘bull pennant’ breakout as S&P 500 hits all-time high
Key Takeaways Bitcoin’s bull pennant pattern suggests a potential rally with a target of $158,000 by 2025. The S&P 500…
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Play Solana unveils first-ever crypto gaming handheld
Key Takeaways Play Solana Gen1 is the first web3 gaming handheld on the Solana blockchain. Details about the PSG1 preorder…
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Bitcoin jumps 6% after Fed cuts rates by 50 basis points
Key Takeaways Fed rate cut boosts Bitcoin 6%, but BOJ decision could impact gains. Bitcoin may benefit from additional Fed…
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Tether invests $1.5 million in Sorted Wallet to boost financial access in emerging markets
Key Takeaways Tether’s $1.5 million investment in Sorted Wallet targets financial inclusion in Africa and Southern Asia. Sorted Wallet facilitates…
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Bybit backs Ethereum’s first Attackathon with 75 ETH commitment
Key Takeaways Bybit contributes 75 ETH to Ethereum’s first Attackathon, the largest sponsorship to date. WSOT 2024 expands to include…
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Hut 8 partners with BITMAIN to launch new ASIC miner with direct chip cooling
Key Takeaways The U3S21EXPH achieves up to 860 terahash at 13 joules per terahash efficiency. Hut 8’s hashrate under management…
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Polymarket users outperform economists in predicting US rate cuts
Key Takeaways 54% of Polymarket users correctly predicted the 50 bps Fed rate cut, outperforming 92% of economists. The crypto…
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