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Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
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To Watch This Week
AIRDROPS + ALPHANov 28, 2024
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Business
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...
Nov 26, 2024
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Markets
Dogecoin, Solana Post Double-Digit Losses as Crypto Market Momentum Stalls
The crypto market is having a rough week, with all of the top 50 cryptocurrencies barring stablecoins posting overnight losses. Of the top 10 cryptocurrencies by market cap, Dogecoin (DOGE) and Cardano (ADA) have taken the biggest hits, while Solana (SOL) and XRP have also dropped by double digits in the past 24 hours, according to data from CoinGecko. Over the past day, Dogecoin fell 12% to $0.37 while Cardano dropped 14.7% to $0.90. Solana dropped 10% to $227, while XRP dipped by 10.7% to $1....
Nov 11, 2024
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Markets
Cardano Hits 7-Month High as Founder Eyes Hopeful Role in Shaping Trump Crypto Policy
On Sunday, Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, lept to its highest points since April after its founder said he would play a role in shaping crypto policy in the U.S. next year. On Sunday, Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, lept to its highest point since April after its founder said he would play a role in shaping crypto policy in the U.S. next year. ADA rose by as much...
Sep 2, 2024
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Coins
Cardano’s Chang Hard Fork Introduces On-Chain Governance
On Sept. 1 at 21:44 UTC, layer-1 blockchain Cardano executed the 'Chang' hard fork at block 10,764,778, entering the “Voltaire Era” and introducing on-chain governance using its native token ADA. Following the hard fork, ADA token holders now have the power to elect representatives and vote on key development proposals. According to the Cardano roadmap, the Voltaire era “will provide the final pieces required for the Cardano network to become a self-sustaining system.” It added that the introduc...
Aug 2, 2024
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Law and Order
Is the SEC Backing Off Solana? It's Complicated
Earlier this week, crypto advocates received what appeared to be a sigh of defeat from one of the industry’s chief antagonizers: The U.S. Securities and Exchange Commission (SEC) amended a complaint in its high-profile lawsuit against Binance to shelve allegations that Solana, Cardano, and Ethereum scaling network Polygon are unregistered securities. Could it be that the SEC, which earlier this year caved on the security status of Ethereum, might be giving up on Solana as well? Could Solana ETFs...
Jul 30, 2024
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Law and Order
SEC Might Shelve Allegation That Solana Is a Security in Binance Lawsuit
Solana, Cardano, and Polygon can all breathe a tentative sigh of relief—the Securities and Exchange Commission (SEC) wants to table its allegation that they are unregistered securities in its lawsuit against crypto exchange Binance, according to a new court filing. The SEC wants to amend its Binance lawsuit to shelve allegations against the "third party crypto assets," it wrote in a joint status report filed early on Tuesday. But SOL, ADA, and MATIC aren't entirely out of the woods just yet. The...
Jun 14, 2024
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Markets
Notcoin Posts 10% Gain as TON Daily Active Wallets Match Ethereum Again
Telegram-based clicker game Notcoin (NOT) is the top gainer out of the top 100 crypto tokens, after leaping 10% in the past 24 hours. This comes amid The Open Network (TON), the blockchain that Notcoin uses, matching Ethereum for daily active wallets. Notcoin has racked up a player base of 35 million users, hitting a peak of five million daily active users back in March. But it wasn’t enough for TON to flip Ethereum’s daily active wallets. It wasn’t until May 17 when TON flipped Ethereum for the...
May 30, 2024
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Markets
TON Market Cap Plunges by Billions After Fixing Inflated Supply Data
Toncoin (TON) is no longer one of the top 10 most valuable cryptocurrencies in the world, following an update from The Open Network to more accurately reflect the asset’s circulating supply via price trackers. In a Telegram message on Wednesday, the project informed users that data aggregators would track the coin’s market capitalization differently moving forward. They would exclude Toncoin held by Telegram, The Open Network Foundation, and the TON Believers Fund, it stated. As the change went...
May 29, 2024
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Markets
Cardano Drops Out of Top 10 by Market Cap Again as Toncoin Rises
After dropping 4.7% over the last seven days, Cardano has fallen out of the top 10 tokens by market capitalization, according to CoinGecko data. At the same time of this Cardano (ADA) drawback, Toncoin (TON) climbed 3.2% over a seven day period making it into the top 10. This isn’t the first time this exact swap has happened, in April Toncoin flipped Cardano after TON jumped 12% in a day. ADA is trading at $0.46 after having gained 0.6% in the past day. Meanwhile, while TON is at $6.47 and has c...
May 9, 2024
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Law and Order
Joe Biden Is Trying to ‘Kill Crypto’, Says Cardano Creator
A fight over a non-binding resolution passed in the U.S. House has erupted into a broader battle, pitting the crypto industry against the Biden administration. “The Biden administration has engaged in a coordinated effort to kill crypto,” wrote Charles Hoskinson, creator of Cardano, on Twitter. Yesterday, the White House said U.S. Pres. Joe Biden would veto resolution H.J. Res. 109, which demanded that the Securities and Exchange Commission (SEC) retract a staff bulletin on digital asset custody...
Apr 23, 2024
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Gaming
Cardano Founder Charles Hoskinson's Studio Releases First Game—But It's on GalaChain
Outspoken Cardano founder Charles Hoskinson surprised Crypto Twitter last week when he announced his “first game is coming out,” alongside a trailer for a game launching on blockchain gaming platform Gala. When one user asked about it, Hoskinson simply replied, “I have six companies.” With Voyager: Ascension out today on Gala’s new GalaChain network, now we know a bit more about this particular company—and what Hoskinson’s involvement is. RFLXT, the company behind the game, told Decrypt that it...
Apr 9, 2024
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Markets
Toncoin Hits All-Time High Price, Flipping Cardano Out of Top 10
There’s a new entrant in the top 10 cryptocurrencies by market cap following Toncoin’s recent surge—and it’s flipped Cardano in the process. Toncoin (TON), the token of The Open Network, is now the 10th most valuable cryptocurrency in the world according to data from CoinGecko, jumping 12% over the last day to a current price of $6.65. It’s also up 32% over the last seven days, and 132% in the past month. TON jumped even higher to a new all-time high price of $7.06 earlier Tuesday. But the rise...
Dec 26, 2023
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Health
‘We’re Living Longer, But We’re Living Longer, Sicker’: Rejuve CEO
While most people immediately associate artificial intelligence with tools to write a term paper or design an art project, AI technology is also being tapped to push the boundaries of longevity and health. One company harnessing AI to produce better health outcomes is Saint Lucia-based Rejuve. Initially launched in 2018 by SingularityNET founder and CEO Ben Goertzel, Rejuve is a biotechnology company that aims to use artificial intelligence and decentralized technology to help people live health...
Nov 28, 2023
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Business
Cardano Founder Charles Hoskinson: Bitcoin Gets ‘Complete Pass’ From SEC
Cardano founder Charles Hoskinson launched a blistering attack on the U.S. Securities and Exchange Commission (SEC) in a recent livestream, accusing it of giving Bitcoin a “complete pass” over the question of whether it’s sufficiently decentralized to not be considered a security. “If you subpoena and attack about three different entities, you could perform a 51% attack on Bitcoin because that's the way the hash power works,” Hoskinson said. “But it's decentralized, apparently. And Team Orange...
Nov 7, 2023
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Markets
XRP, Cardano And Solana Lead Crypto Gains Over the Week
It's been a bullish week for three of the market's largest altcoins XRP, Cardano, and Solana. XRP has enjoyed a hefty rally, hitting nearly 20% in the last seven days. It's now trading hands at just under $0.69 after falling some early Tuesday morning. That price now puts the token at a three-month high. This week's rally is just the latest in a longer stretch of bullish fortune for XRP. XRP Leads Crypto Market Rally, Soaring 12% Overnight Back in October, U.S. District Court judge Torres blocke...
Jun 27, 2023
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Coins
Solana, Polygon, Cardano Still Recovering From the SEC Calling Them Securities
Solana, Polygon, Cardano, and other tokens being dragged into the court battles by the Security and Exchange Commission (SEC) have lost 15%, or $5 billion, off their collective market capitalizations, according to a Decrypt analysis of CoinGecko data. On June 5 and June 6, the SEC filed lawsuits against Binance and Coinbase—two of the largest crypto exchanges in the industry. Among the charges leveled at the two exchanges were allegations they were selling unregistered securities. The industry w...
Jun 11, 2023
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Coins
Solana, Cardano, Polygon Push Back Against SEC 'Security' Label
The organizations behind several popular cryptocurrencies have spoken out against recent claims made by the Securities and Exchange Commission (SEC)—which argued that Solana (SOL), Polygon (MATIC), and Cardano (ADA) are securities. The SEC named the three among a slew of other tokens as examples of securities being offered and traded on allegedly non-compliant crypto exchanges as part of its lawsuits against Binance and Coinbase last week. Solana, Polygon, and Cardano are among the lawsuits’ mos...
Jun 9, 2023
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Business
Robinhood Moves to Cut Support for Cardano, Polygon and Solana
The popular trading app Robinhood is ending support for three cryptocurrencies in Cardano (ADA), Polygon (MATIC), and Solana (SOL) from June 27, 2023. "We regularly review the crypto we offer on Robinhood," the firm shared in an update. "Based on our latest review, we’ve decided to end support for Cardano (ADA), Polygon (MATIC), and Solana (SOL) on June 27th, 2023 at 6:59 PM ET." Users have to withdraw or sell these assets for fiat or other eligible assets on Robinhood by the deadline. Post that...
Jan 25, 2023
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Markets
Dogecoin, Cardano Lead Crypto Dip as Market Sheds $27B Overnight
It’s been a bumpy bout of volatility for some of the industry’s largest altcoins. The crypto market as a whole dropped 2.7%, shedding roughly $27 billion overnight, with Dogecoin (DOGE) and Cardano (ADA) leading the pack. Dogecoin dropped 5.5% in the past 24 hours, plummeting from just over $0.88 to $0.82. The largest meme coin by market capitalization is now trading hands $0.84. DOGE’s volatility also wiped out more than $5 million in leveraged traders, as more than 94% of the latest liquidat...
Nov 30, 2022
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Business
Cardano’s Hoskinson: FTX Collapse Proves ‘Absolute Need’ for Decentralization
The recent collapse of crypto exchange FTX highlights the “absolute need” for decentralization, according to Cardano founder Charles Hoskinson. Speaking at the Financial Times Crypto and Digital Assets Summit, Hoskinson said that the crypto industry “has never been stronger in terms of its offerings to the tradfi [traditional finance] marketplace and to the world as a whole,” but that recent collapses such as FTX have demonstrated the need for decentralization and proof of reserves. “The failure...