Author: admin

Concerns are mounting over unusual activity surrounding the token launch of Edel Finance, a lending protocol focused on tokenized stocks and real-world assets (RWAs).Blockchain analytics platform Bubblemaps claimed in a Tuesday X post that a cluster of about 160 wallets accumulated 30% of the EDEL token supply, worth $11 million, during the launch earlier this month. The platform alleged the wallets were linked and funded in a coordinated fashion immediately before trading opened.“Edel Finance sniped 30% of $EDEL. Then tried to hide it behind a maze of wallets and liquidity positions,” said Bubblemaps. “Just hours before $EDEL launched, ~60 wallets…

Trading platform Robinhood says prediction markets have emerged as one of its fastest-growing product lines in terms of revenue, and is now set to expand its business with a futures and derivatives exchange and clearinghouse.Since launching its prediction markets in March in partnership with prediction market platform Kalshi, nine billion contracts have been traded by more than one million users, Robinhood said in a statement on Tuesday. JB Mackenzie, the general manager of futures and international at Robinhood, said the platform is “seeing strong customer demand for prediction markets, and we’re excited to build on that momentum.”Robinhood said it is also…

Monad’s first week on mainnet hasn’t been entirely smooth, with users now reporting spoofed ERC-20 token transfers after mainnet launch. Summary Monad users reported spoofed ERC-20 transfers shortly after MON debut. The fake transfers don’t move funds but are crafted to look legitimate, a common scam tactic on new EVM chains. No assets have been reported lost, and the network continues to see strong demand following MON airdrop. Reports regarding widespread spoofing incidents began circulating on Tuesday, Nov. 25, a day after the mainnet debut. Monad co-founder and chief technology officer James Hunsaker warned on X that scammers were broadcasting…

US Bancorp is running a stablecoin pilot on the Stellar blockchain, joining the growing number of banks experimenting with the technology. The bank is partnering with consulting company PricewaterhouseCoopers (PwC) and the Stellar Development Foundation to run the pilot. “The bottom line is institutions have arrived. New financial infrastructure is taking shape now, and US Bank, PwC, and SDF are working to unlock the next wave of digital banking,”  said the Stellar Development Foundation on Tuesday. US Bancorp is the publicly traded parent company of US Bank, which holds more than $664 billion in assets under management and reports annual revenue of over…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum has lost the $3,000 mark and hasn’t been able to reclaim it for days, reinforcing growing concerns that the market may be entering a deeper corrective phase. Selling pressure continues to mount as traders unwind positions and sentiment shifts toward caution. The broader crypto market is also weakening, adding to speculation that a bear market could be forming earlier than many expected. Fear and uncertainty now dominate social metrics, derivatives data, and spot flows, with investors questioning whether ETH has already set its cycle top. Yet,…

Key takeaways:Zcash surged more than 10x within weeks, briefly returning to large-cap territory with a valuation above $10 billion.On Coinbase, ZEC became the most-searched asset in mid-November, surpassing both Bitcoin and XRP.The rally is supported by several real shifts: the 2024 halving, rising shielded balances and the NU6.1 holder-controlled funding model.Analysts are divided, with some calling the move a blow-off top and others viewing it as a repricing driven by renewed interest in “responsible” privacy coins amid stricter AML rules.Zcash wasn’t expected to become a major story this market cycle. For most of the past few years, the privacy coin…

Banking giant JPMorgan Chase’s decision to cut ties with the CEO of Bitcoin payments company Strike is reigniting concerns about a renewed wave of US “debanking,” an issue that haunted the crypto industry during the 2023 banking turmoil.Jack Mallers, CEO of the Bitcoin (BTC) Lightning Network payments company Strike, said Sunday on X that JPMorgan closed his personal accounts without explanation.“Last month, J.P. Morgan Chase threw me out of the bank,” Mallers wrote. “Every time I asked them why, they said the same thing: We aren’t allowed to tell you.”Cointelegraph has contacted JPMorgan Chase for comment.The decision has stirred fears…

Solana Digital Asset Treasury (DAT) DeFi Development Corp. (DFDV) expressed its support for a sweeping proposal aimed at accelerating the network’s disinflation schedule. On Tuesday, DFDV became the first Solana treasury to publicly endorse Solana Improvement Document (SIMD)-0411, a proposal to double Solana’s annual disinflation rate from 15% to 30%, thereby reducing projected future emissions by over 22 million SOL over the next six years. “This proposal may come as a surprise to some, but its timing makes sense,” DFDV wrote. “The ecosystem has grown increasingly vocal about Solana’s current inflation schedule and its impact on SOL’s price.” Solana Strategic Reserve data shows…

What are Bitcoin CME gaps? The Chicago Mercantile Exchange (CME) gap appears when the price of Bitcoin (BTC) changes between Friday’s closing price and Monday’s opening price on the CME Bitcoin futures market. Price movement over the weekend, when no CME trading takes place, creates a disconnect on the chart. These gaps often draw attention because they tend to be filled once the market reopens.Let’s look at an example. If BTC closes at $109,880 on the CME on Friday evening and the price rallies over the weekend, the market might reopen on Monday at $110,380. That creates a $500 gap.No…

A crypto airdrop farmer lost more than $112,000 in newly issued tokens by burning the entire reward on failed blockchain transactions.In crypto, a professional airdrop farmer (or squatter) is a person who interacts with emerging protocols solely for the airdrop rewards, often using multiple wallets to compound the rewards.Cryptocurrency wallet 0x7f4 received about $112,700 worth of Monad (MON) tokens as a reward for activity leading up to the launch.In an unfortunate turn of events, the trader lost the entire $112,000 across hundreds of failed blockchain transactions, which all deducted gas fees despite not being completed, according to blockchain data from…