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As per the information shared with Finbold on June 19, 1inch, the leading decentralized finance (DeFi) aggregator, announced its integration with the high-speed Sonic network from Sonic Labs. The integration enables users to access seamless token swaps with competitive rates on Sonic while facilitating effortless cross-chain trading between Sonic and other supported Ethereum Virtual Machine (EVM) chains. The Sonic network becomes natively supported within the 1inch Wallet starting today, with full tracking capabilities available through Portfolio. This allows users to store, swap, and monitor their assets with enhanced ease across the platform. Comprehensive Platform Integration The integration extends Sonic liquidity into Pathfinder, 1inch’s intelligent routing algorithm. Users trading through the 1inch interface or accessing the platform via the Developer Portal API will benefit from optimized rates on every transaction.  All swaps conducted on Sonic ar...

One artificial intelligence (AI)-focused altcoin is surging after going live on South Korea’s largest crypto exchange, Upbit. The information finance (InfoFi) protocol Kaito (KAITO), which is built on the Base network, soared by more than 45% amid the Upbit listing news. Kaito was trading at a low of $1.49, before surging to a high of $2.17. KAITO has since stabilized and is trading for $1.76 at time of writing. With a market cap of $426.8 million, the altcoin is the 168th largest crypto project. Last month, top US crypto exchange Coinbase added support for Kaito with an experimental label. The experimental label was created by the exchange to designate certain digital assets as riskier, lower-liquidity tokens. Binance, the world’s largest crypto exchange by volume, also added support for the digital asset last month. KAITO aims to solve the issue of fragmentation within the crypto space by utilizing AI. Fragmentation is when the crypto markets beco...

On December 17, 2024, Igloo, the digital asset incubation studio, and the team behind the popular pudgy penguins non-fungible token collection, launched its highly anticipated native token $PENGU on Binance, one of the largest cryptocurrency exchanges. Unfortunately, the Pudgy Penguins’ NFT coin $PENGU is down more than 30% several hours after launch. In this article, we shall explore what went wrong. Pudgy Penguins NFT Coin ‘$PENGU’ Explained Data compiled by CoinMarketCap.com, an on-chain cryptocurrency market data aggregator and non-fungible token explorer, shows that the Pudgy Penguins’ NFT coin $PENGU is down over 30% from its initial all-time high. $PENGU successfully launched on the Binance crypto exchange on December 17.2024 at around 5.00 ECT and rapidly rose from $0.0003375 to $0.05063. Unfortunately, the $PENGU price began dropping several hours later, dropping from $0.05063 to $0.02976. At the time of publishing, the $PENGU price is finding suppor...

Emmer intends to introduce an appropriations amendment that will limit the SEC's utilization of funds for digital asset enforcement until comprehensive rules and regulations are put in place. Tom Emmer, the Majority Whip of the U.S. House of Representatives, who has previously expressed concerns about the Securities Exchange Commission's (SEC) actions in the crypto currency industry, on Friday, Sep. 8, introduced a significant amendment that once more drew attention to the SEC's actions. In his statement, Tom Emmer criticizes Gary Gensler, alleging that the SEC chair has overstepped his authority, which is negatively affecting the American people. Emmer urges Congress to utilize their available methods and proper procedures to thwart any potential misuse of taxpayer funds by Gary Gensler and the SEC. In the past, Rep. Tom Emmer has jointly sponsored several bills aiming to enhance regulatory transparency in the United States. Emmer recently used Twitter to unveil his late...

Du said the existing challenges were transitory and that he believes the industry would benefit from collective support. Jun Du, the co-founder of Huobi, has purchased 10 million Curve DAO Tokens (CRV) for $4 million from Curve Finance founder Michael Egorov, who is seeking to decrease his exposed loan position. In an initial tweet on August 1, Du made his intention known to acquire 10 million CRV tokens at the prevailing market rate of $0.40, a value established through various over-the-counter transactions involving Egorov and several members of the crypto community. A Block report states that subsequently, Du confirmed via direct message on Twitter that he successfully completed the purchase and decided to lock up the tokens as veCRV. This lockup provides him with voting rights on the Curve platform in return for keeping the token s inaccessible for a specific duration. Screenshot showing Jun Du's 10 million CRV token transaction.   Source: EtherScan The co-founder took to Tw...

Bitcoin (BTC) returned to exchanges en masse on July 27 in a sign that “major volatility” could come next. According to data from on-chain analytics firm Glassnode, intraday BTC exchange inflows have hit multi-month highs. Trader warns of BTC price volatility “spike” BTC price action continues to linger below $30,000, and traders have consistently warned that further downside could come next. At current levels, Bitcoin’s largest-volume investor cohort, the whales, appear to be in a state of flux in an unclear market. Now, with large tranches of coins on the move in recent days, attention is focusing on entities sending funds to exchanges — with the implication that selling pressure could increase as a result. As noted by market observers, including James Straten, research and data analyst at crypto insights firm CryptoSlate, over 10,000 BTC in inflows on a single day represented the biggest one-day increase for several months. “Yesterday, the most amount of Bitcoin went back onto exch...

The bot is the third in a series of AI-trading initiatives launched this year. One area where artificial intelligence (Ai) technologies are rapidly synergizing with blockchain is at cryptocurrency exchanges. Since the beginning of the year, Binance has launched an AI-powered nonfungible tokens (NFTs) generator for authenticated users. Meanwhile, OKX has introduced an AI integration to monitor market volatility. Bybit has also plugged into ChatGPT for AI-powered trading tools.  On the other hand, cryptocurrency exchange Bitget has rolled out a series of AI- trading bots starting in June. On July 27, the exchange launched a new Commodities Trading Advisor (CTA) AI bot. In an interview with Cointelegraph, Gracy Chen, Bitget's managing director, explained the benefits and risk factors in detail.  We're bringing AI to Grid Trading. That's right, you can now choose between 3 earning options depending on your risk appetite. The upgrade allows more accessibility and is optimiz...

Bitcoin and select altcoins are finding buyers at lower levels, indicating a pick-up in positive sentiment. Bitcoin is still struggling to stay above $31,000. While a tight consolidation near the overhead resistance is a positive sign, the failure to rise above it may result in short-term liquidations. However, a shallow pullback should not be considered a trend change because, many times, the bulls take a step back to regroup and launch another attack at the resistance. If the barrier is overcome, the positive momentum picks up. Binance CEO Changpeng “CZ” Zhao said in an “ask me anything” session on Twitter that Bitcoin (BTC) could witness a bull year after its halving in 2024. CZ added that BlackRock’s foray into cryptocurrencies will be “hugely beneficial” for the industry. Daily cryptocurrency market performance. Source: Coin360 BlackRock CEO Larry Fink made positive comments about Bitcoin while speaking in an interview with Fox Business on July 5. Fink said that Bitcoin was an “i...

News of regulatory enforcement against the crypto sector fell to the wayside as Bitcoin price rallied above $30,000, and options data suggests the trend will continue. Bitcoin's (BTC) 15% rally toward $30,300 between June 19 and June 21 caught most traders by surprise, triggering $125 million in liquidations of leveraged short futures contracts. Narrowing down the trigger for the rally is complicated, but some analysts point to the potential inflow of institutional investors if Blackrock’s exchange-traded fund (ETF) application gets regulatory approval. BlackRock just filed with the SEC to create a spot #Bitcoin ETF. Given their reputation, this has the highest likelihood of happening out of all the attempts at a spot ETF so far. The institutional liquidity floodgates may finally open https://t.co/c9g2Ten1h8 pic.twitter.com/L2NmXq11gL — Joe Consorti (@JoeConsorti) June 15, 2023 ARK Invest CEO and chief investment officer Cathie Wood explained the rationale for the firm’s bulli...

Cathie Wood recently added to her fund’s position in Coinbase Global stock and reiterated her call for a $1 million Bitcoin price. Is this in line with analysts’ expectations? In an interview with Bloomberg, ARK Invest CEO and CIO Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the SEC sued Binance, one of Coinbase’s biggest competitors. ARKK purchased nearly 330,00 shares of COIN on June 6, 2023, worth about $17 million at the time, according to disclosure statements. Two other funds, Ark Fintech Innovation ETF and Ark Next Generation Internet ETF, also bought 35,700 shares, worth $1.8 million, and 53,900 shares, worth $2.8 million, respectively.  Across all three funds, ARK’s average entry price is $272.75 - $282.93, with their total position being currently valued at $1.77 billion. At the time of writing, COIN is trading at $53.90. Needless to say, the fund is deeply in the red on this trade s...

In compliance with new regulatory requirements, Polish users will have to sign new terms and conditions with Binance Poland, in order to continue using the company's services. Cryptocurrency exchange Binance announced plans on Jan. 18 to enhance its local presence in Poland while remaining compliant with local regulations.  Binance Poland sp. z o.o., Binance’s Polish entity, will adhere to Polish regulatory standards for virtual asset service providers (VASPs), which requires Polish users to sign new terms and conditions with Binance Poland, in order to continue using the company's services.  Witam, Poland # Binance is fully compliant with Polish regulatory standards for virtual asset service provide rs (VASPs). This registration enables # Binance to provide crypto asset exchange and custody service s in the country. — Binance (@binance) January 18, 2023 Kyrylo Khomiakov, Binance's Head of Ukraine and Eastern Europe, stated that the company believes that effective r...