Worth the HYPE: Hyperliquid Gives Out $1.6 Billion in One of the Largest Airdrops Ever

The Hyper Foundation completed the genesis distribution of the HYPE token, the native token of the Hyperliquid Network—a high-speed blockchain built for decentralized finance (DeFi)—airdropping more than $1.6 billion worth of tokens to users based on the peak price of $5.40 since the overnight launch. Hyperliquid users received 31%, or 310 million of the total 1 billion HYPE supply as part of the genesis distribution, with another 38.88% set aside for future emissions and community rewards. Nota...

The Hyper Foundation completed the genesis distribution of the HYPE token, the native token of the Hyperliquid Network—a high-speed blockchain built for decentralized finance (DeFi)—airdropping more than $1.6 billion worth of tokens to users based on the peak price of $5.40 since the overnight launch. Hyperliquid users received 31%, or 310 million of the total 1 billion HYPE supply as part of the genesis distribution, with another 38.88% set aside for future emissions and community rewards. Nota...

Dogecoin Leads Meme Coin Rebound as Bitcoin Price Nears $99K

Meme coins are rising again after the Thanksgiving holiday in the United States, with Dogecoin (DOGE) and other meme-themed tokens jumping as Bitcoin (BTC) tests a return to $99,000 after nearly a week spent below that mark. Dogecoin, the original and most valuable meme coin by market cap, is currently priced at $0.42, rising by 7% on the day per data from CoinGecko. DOGE last hit this mark on November 25 and had been below it in the days since. Like other meme coins, DOGE is famously volatile a...

Meme coins are rising again after the Thanksgiving holiday in the United States, with Dogecoin (DOGE) and other meme-themed tokens jumping as Bitcoin (BTC) tests a return to $99,000 after nearly a week spent below that mark. Dogecoin, the original and most valuable meme coin by market cap, is currently priced at $0.42, rising by 7% on the day per data from CoinGecko. DOGE last hit this mark on November 25 and had been below it in the days since. Like other meme coins, DOGE is famously volatile a...

‘Japan's MicroStrategy’ Metaplanet to Raise $62 Million for Bitcoin Investment

Metaplanet—a Japanese investment firm focused on accumulating Bitcoin—announced plans to raise ¥9.5 billion (around $62 million), to grow its holdings of the cryptocurrency. The company announced its 12th stock issuance in a Nov. 28 notice . Metaplanet will issue the 29,000 stock acquisition rights for 100 shares each to Cayman Islands investment management firm EVO Fund. *Metaplanet Announces Issuance of Moving Strike Stock Acquisition Rights to Raise Up to ¥9.5 billion ($62 million) for Accel...

Metaplanet—a Japanese investment firm focused on accumulating Bitcoin—announced plans to raise ¥9.5 billion (around $62 million), to grow its holdings of the cryptocurrency. The company announced its 12th stock issuance in a Nov. 28 notice . Metaplanet will issue the 29,000 stock acquisition rights for 100 shares each to Cayman Islands investment management firm EVO Fund. *Metaplanet Announces Issuance of Moving Strike Stock Acquisition Rights to Raise Up to ¥9.5 billion ($62 million) for Accel...

XRP Surges by Double Digits to New 3-Year High, As ETF Speculation Grows

XRP has surged to its highest level since May 2021, reaching a peak of $1.67 Friday morning, per data from CoinGecko. At time of publication, the price of XRP has settled at $1.66, up 13.8% on the day and 12.8% in the last week. Its price move comes amid growing speculation that an XRP exchange traded fund (ETF) may be on the horizon, alongside optimism around the potential of change at the U.S. Securities and Exchange Commission (SEC). On Monday, global ETF provider WisdomTree registered an XRP...

XRP has surged to its highest level since May 2021, reaching a peak of $1.67 Friday morning, per data from CoinGecko. At time of publication, the price of XRP has settled at $1.66, up 13.8% on the day and 12.8% in the last week. Its price move comes amid growing speculation that an XRP exchange traded fund (ETF) may be on the horizon, alongside optimism around the potential of change at the U.S. Securities and Exchange Commission (SEC). On Monday, global ETF provider WisdomTree registered an XRP...

Inflation? Justin Sun Eats Banana He Bought for $6.2 Million

Ever wondered what millions of dollars tasted like? Well, apparently, a banana. Justin Sun, founder of layer-1 blockchain Tron, ate the banana that he bought for $6.24 million last week at Sotheby’s contemporary art auction in New York. The yellow fruit was part of Maurizio Cattelan’s infamous 2019 conceptual artwork of a duct-taped banana, called “Comedian,” which has become a highly memeable art piece—with two related meme coins to boot. 孙哥现场吃🍌 pic.twitter.com/qYi2UJ6zYl — TechFlow 深潮｜APP 已上...

Ever wondered what millions of dollars tasted like? Well, apparently, a banana. Justin Sun, founder of layer-1 blockchain Tron, ate the banana that he bought for $6.24 million last week at Sotheby’s contemporary art auction in New York. The yellow fruit was part of Maurizio Cattelan’s infamous 2019 conceptual artwork of a duct-taped banana, called “Comedian,” which has become a highly memeable art piece—with two related meme coins to boot. 孙哥现场吃🍌 pic.twitter.com/qYi2UJ6zYl — TechFlow 深潮｜APP 已上...

Coinbase Ends USDC Rewards in Europe as MiCA Deadline Looms

Crypto exchange Coinbase will discontinue its USDC Rewards program for customers in the European Economic Area (EEA) starting December 1, 2024, as part of its compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulations. Coinbase users reported receiving an email Thursday in which the exchange announced the termination of its yield program, which allowed users to earn rewards on their holdings of the USDC stablecoin. Europe "protecting" its citizens by ensuring they can't ea...

Crypto exchange Coinbase will discontinue its USDC Rewards program for customers in the European Economic Area (EEA) starting December 1, 2024, as part of its compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulations. Coinbase users reported receiving an email Thursday in which the exchange announced the termination of its yield program, which allowed users to earn rewards on their holdings of the USDC stablecoin. Europe "protecting" its citizens by ensuring they can't ea...

Perpetual DEX Hyperliquid to Launch Native Token Following Bullish October

Hyperliquid, a decentralized perpetuals exchange, is challenging the conventional wisdom that venture capital is essential for success in crypto. Instead, it claims it's relying on its touted tech and community-first approach. The DEX’s Hyper Foundation, which oversees development, announced Thursday its token generation event, slated for early Friday at 2:30 AM ET, alongside an airdrop. Over the past year, Hyperliquid has expanded from an exchange into a “full financial system," claiming its l...

Hyperliquid, a decentralized perpetuals exchange, is challenging the conventional wisdom that venture capital is essential for success in crypto. Instead, it claims it's relying on its touted tech and community-first approach. The DEX’s Hyper Foundation, which oversees development, announced Thursday its token generation event, slated for early Friday at 2:30 AM ET, alongside an airdrop. Over the past year, Hyperliquid has expanded from an exchange into a “full financial system," claiming its l...

Canton of Bern Passes Motion to Explore Bitcoin Mining for Grid Stability

Switzerland’s Canton of Bern parliament has approved a motion to explore Bitcoin mining as a way to utilize surplus energy and stabilize its electricity grid. The initiative, introduced by the cross-party Parliamentary Group Bitcoin on March 14, 2024, passed with a decisive 85 to 46 vote in the Grand Council despite government opposition. The initiative directs the government council to assess how Bitcoin mining can repurpose unused energy and create economic opportunities. Introduced by the bi...

Switzerland’s Canton of Bern parliament has approved a motion to explore Bitcoin mining as a way to utilize surplus energy and stabilize its electricity grid. The initiative, introduced by the cross-party Parliamentary Group Bitcoin on March 14, 2024, passed with a decisive 85 to 46 vote in the Grand Council despite government opposition. The initiative directs the government council to assess how Bitcoin mining can repurpose unused energy and create economic opportunities. Introduced by the bi...

Hong Kong to Waive Tax on Crypto Gains for Sophisticated Investors

Hong Kong is preparing to exempt investment gains from crypto and other assets for sophisticated investors, aiming to enhance the region’s appeal as a wealth management hub. A consultation paper from the Financial Services and the Treasury Bureau proposes expanding capital gains tax exemptions to include overseas properties, carbon credits, private credit, and crypto, Reuters reported Thursday. Those exemptions would apply to privately offered funds and eligible single-family office investment...

Hong Kong is preparing to exempt investment gains from crypto and other assets for sophisticated investors, aiming to enhance the region’s appeal as a wealth management hub. A consultation paper from the Financial Services and the Treasury Bureau proposes expanding capital gains tax exemptions to include overseas properties, carbon credits, private credit, and crypto, Reuters reported Thursday. Those exemptions would apply to privately offered funds and eligible single-family office investment...

Crypto Holiday Gift Guide 2024

’Tis the season to be jolly, and what better way to celebrate than with this collection of crypto-themed goodies for your nearest and dearest? Gather round the crackling Yule log and bask misty-eyed in the seasonal goodwill, as friends and family rip the wrapping off their gifts and say things like, “But Daddy, I wanted a Bluey plush,” and “Please, just this once, stop telling us about Bitcoin’s hard supply cap.” Ledger Stax Ledger Stax. Image: Ledger Ledger’s latest offering is like no other ha...

’Tis the season to be jolly, and what better way to celebrate than with this collection of crypto-themed goodies for your nearest and dearest? Gather round the crackling Yule log and bask misty-eyed in the seasonal goodwill, as friends and family rip the wrapping off their gifts and say things like, “But Daddy, I wanted a Bluey plush,” and “Please, just this once, stop telling us about Bitcoin’s hard supply cap.” Ledger Stax Ledger Stax. Image: Ledger Ledger’s latest offering is like no other ha...

Need Gift-Buying Advice for That Special Someone? Our AI SantaBot is Here to Help

If you’ve been riding the wave of Bitcoin’s latest surge or watching your crypto wallet grow, the holidays might feel like the perfect time to turn those gains into memorable gifts. But as any seasoned gifter knows, a big price tag doesn’t always guarantee a big impression. That's where SantaBot—our AI agent experiment designed to help you step up your gift-giving game—can help. The project started with a simple question: Could AI decode personal chat messages to suggest more meaningful presents...

If you’ve been riding the wave of Bitcoin’s latest surge or watching your crypto wallet grow, the holidays might feel like the perfect time to turn those gains into memorable gifts. But as any seasoned gifter knows, a big price tag doesn’t always guarantee a big impression. That's where SantaBot—our AI agent experiment designed to help you step up your gift-giving game—can help. The project started with a simple question: Could AI decode personal chat messages to suggest more meaningful presents...

Ex-Binance Exec Brings Whistleblower Claim Alleging Bribery

A former executive at the world’s leading cryptocurrency exchange, Binance, sued the company, claiming that she was fired after blowing the whistle on bribery concerns. Former London-based senior Binance employee Amrita Srivastava made the claims at an employment tribunal, according to a Nov. 28 Bloomberg report. She claims that a co-worker took a bribe “under the guise of providing consultative services” that would speed up the integration of the customer into Binance. “My experience at Binance...

A former executive at the world’s leading cryptocurrency exchange, Binance, sued the company, claiming that she was fired after blowing the whistle on bribery concerns. Former London-based senior Binance employee Amrita Srivastava made the claims at an employment tribunal, according to a Nov. 28 Bloomberg report. She claims that a co-worker took a bribe “under the guise of providing consultative services” that would speed up the integration of the customer into Binance. “My experience at Binance...

Make-A-Wish International Is Asking for Crypto Donations

It’s the season of giving, and Make-A-Wish International has called on crypto holders to empty their pockets for a good cause. The children’s charity has put out an appeal for crypto holders to donate, after Bitcoin surged to new all-time highs over the past month. "Supporting charitable initiatives with cryptocurrency sends the message that crypto has a purpose beyond financial gains—it can change lives and create meaningful social impact,” Luciano Manzo, President and CEO at Make-A-Wish Intern...

It’s the season of giving, and Make-A-Wish International has called on crypto holders to empty their pockets for a good cause. The children’s charity has put out an appeal for crypto holders to donate, after Bitcoin surged to new all-time highs over the past month. "Supporting charitable initiatives with cryptocurrency sends the message that crypto has a purpose beyond financial gains—it can change lives and create meaningful social impact,” Luciano Manzo, President and CEO at Make-A-Wish Intern...

Telegram Game W-Coin Airdrop Gets a Brutal Inactivity Rule

Telegram game W-Coin has introduced an inactivity rule ahead of its upcoming airdrop on The Open Network (TON). While this is standard practice for tap-to-earn games, it is unusually brutal for players. Anyone who is offline for three days will have 5% of their supply burned each day until they log back in. By comparison X Empire, another tap-to-earn game, allowed players 30 days of inactivity before any tokens were touched. “This ensures only active players shape the W-Coin ecosystem, increasin...

Telegram game W-Coin has introduced an inactivity rule ahead of its upcoming airdrop on The Open Network (TON). While this is standard practice for tap-to-earn games, it is unusually brutal for players. Anyone who is offline for three days will have 5% of their supply burned each day until they log back in. By comparison X Empire, another tap-to-earn game, allowed players 30 days of inactivity before any tokens were touched. “This ensures only active players shape the W-Coin ecosystem, increasin...

Bitwise Files To Turn $1.4 Billion Crypto Index Fund Into an ETF

Something interesting just landed on the U.S. Securities and Exchange Commission’s (SEC) desk: NYSE Arca, regarded as Wall Street's electronic home for exchange-traded funds (ETFs), wants to list Bitwise's $1.4 billion crypto index fund. The numbers on the document seem to show where the smart money thinks crypto is headed. Filed Wednesday, the proposed ETF reveals a carefully weighted portfolio that's anything but a crypto free-for-all. Bitcoin still commands the lion's share at 75.14%, while E...

Something interesting just landed on the U.S. Securities and Exchange Commission’s (SEC) desk: NYSE Arca, regarded as Wall Street's electronic home for exchange-traded funds (ETFs), wants to list Bitwise's $1.4 billion crypto index fund. The numbers on the document seem to show where the smart money thinks crypto is headed. Filed Wednesday, the proposed ETF reveals a carefully weighted portfolio that's anything but a crypto free-for-all. Bitcoin still commands the lion's share at 75.14%, while E...

AI-Powered Wearable Device Restores Natural Speech for Stroke Patients

A new wearable device has been developed to enable stroke patients with dysarthria—a motor-speech disorder—to regain natural, fluent communication. The “intelligent throat” system, created by an international team of researchers, combines advanced sensors and artificial intelligence (AI) to process silent speech and emotional cues in real time. The system integrates textile strain sensors, which detect vibrations from throat muscles, and carotid pulse signal monitors, with large language models...

A new wearable device has been developed to enable stroke patients with dysarthria—a motor-speech disorder—to regain natural, fluent communication. The “intelligent throat” system, created by an international team of researchers, combines advanced sensors and artificial intelligence (AI) to process silent speech and emotional cues in real time. The system integrates textile strain sensors, which detect vibrations from throat muscles, and carotid pulse signal monitors, with large language models...

Operation Chokepoint 2.0: Crypto Founders Silenced by 'Secret' Debanking?

What happens when over 30 tech founders lose access to banking services without warning? According to Marc Andreessen, this is no accident—it’s a government conspiracy. Andreessen, co-founder of venture capital firm Andreessen Horowitz, claims the Biden administration is using financial exclusion as a weapon in what he terms “Operation Chokepoint 2.0.” Speaking on The Joe Rogan Experience podcast on Tuesday, Andreessen revealed, “Over 30 founders had been debanked in the last four years,” callin...

What happens when over 30 tech founders lose access to banking services without warning? According to Marc Andreessen, this is no accident—it’s a government conspiracy. Andreessen, co-founder of venture capital firm Andreessen Horowitz, claims the Biden administration is using financial exclusion as a weapon in what he terms “Operation Chokepoint 2.0.” Speaking on The Joe Rogan Experience podcast on Tuesday, Andreessen revealed, “Over 30 founders had been debanked in the last four years,” callin...

Tornado Cash Ruling a Boon For Ethereum and DeFi Says 10X Research

The Fifth Circuit Court's ruling on Tornado Cash on Wednesday has triggered widespread optimism, with decentralized protocols on Ethereum and privacy-focused tokens seeing significant gains. On Tuesday, the court found that immutable smart contracts aren't property and can't be sanctioned under existing laws, signaling what some observers claim as a major win for privacy advocates. "While the ruling does not endorse money laundering, it establishes a precedent allowing programmers to develop and...

The Fifth Circuit Court's ruling on Tornado Cash on Wednesday has triggered widespread optimism, with decentralized protocols on Ethereum and privacy-focused tokens seeing significant gains. On Tuesday, the court found that immutable smart contracts aren't property and can't be sanctioned under existing laws, signaling what some observers claim as a major win for privacy advocates. "While the ruling does not endorse money laundering, it establishes a precedent allowing programmers to develop and...

Seven Things to Tell Your Crypto-Curious Relatives at Thanksgiving

It’s turkey time, and you know what that means: mountains of food, lots of reclining, and endless conversations with family members who describe what you do in passing as “computers.” Well, dear reader, fear not because this year won’t be like the last few Thanksgivings. Crypto isn’t in the depths of a bear market, and your cousin doesn’t think you’re a crook anymore. Now crypto is ascending again—and everyone wants financial advice, just like Thanksgiving from three years ago. Below is a com...

It’s turkey time, and you know what that means: mountains of food, lots of reclining, and endless conversations with family members who describe what you do in passing as “computers.” Well, dear reader, fear not because this year won’t be like the last few Thanksgivings. Crypto isn’t in the depths of a bear market, and your cousin doesn’t think you’re a crook anymore. Now crypto is ascending again—and everyone wants financial advice, just like Thanksgiving from three years ago. Below is a com...

Bitcoin and Dogecoin Rebound as Ethereum Hits 5-Month High Price

Bitcoin jumped back above $97,000 per coin on Wednesday, suggesting renewed investor optimism around the coin after it took a plunge earlier this week. The leading cryptocurrency touched $97,360 earlier Wednesday, but has since dipped and is now trading for $96,320, data from CoinGecko shows. The coin was fast approaching $100,000 last week but stopped short, ultimately still hitting a new all-time high of $99,645. Over a 24-hour period, Bitcoin is now up by more than 5%. It's not the only digi...

Bitcoin jumped back above $97,000 per coin on Wednesday, suggesting renewed investor optimism around the coin after it took a plunge earlier this week. The leading cryptocurrency touched $97,360 earlier Wednesday, but has since dipped and is now trading for $96,320, data from CoinGecko shows. The coin was fast approaching $100,000 last week but stopped short, ultimately still hitting a new all-time high of $99,645. Over a 24-hour period, Bitcoin is now up by more than 5%. It's not the only digi...