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BNB’s meme coin craze minted dozens of millionaires overnight, but some whales lost millions in FOMO-fueled trades. BNB Chain is dominating new token activity, according to fresh data from Bubblemaps. Over the past 24 hours, the network has seen nearly 35,000 new tokens launched, and far surpassed other blockchains. The surge was accompanied by an on-chain trading volume of roughly $10 billion. To put this into perspective, Solana followed with around 16,000 new tokens and $2.3 billion in volume, while Coinbase’s Layer 2 Base recorded about 30,000 tokens but with a far smaller $27 million in trading. BNB Meme…

Polkadot parachain Phala is set to become an Ethereum layer 2 after the community voted in favor of a recent proposal aimed at ramping computation offerings to enterprise clients.“Proposal Passed: Phala is Migrating to Ethereum L2!” a  Phala X post from Wednesday reads, adding that it marks the next chapter for the project as it pushes for “greater scalability and enterprise-grade security.”The post adds that Phala (PHA) tokenholders will receive the new ERC-20 variant at a 1:1 ratio, the “migration” will start before Nov. 20, and that “staking, rewards, and governance” will continue seamlessly on the new layer 2 (L2).…

If you’re looking for an extensive Bybit review to start trading digital assets, look no further. Established in 2018, Bybit has gained immense popularity among crypto communities, especially for trading derivatives and its competitive fee structure. It also offers multiple trading features, catering to both beginners and advanced traders alike. In this article, we’ll walk you through various aspects of Bybit, including its key features, staking options, and fees. We’ll also guide you on how to create a Bybit account, execute trades, and make deposits or withdrawals.Bybit Exchange Review: Quick SummaryCrypto exchangeBybitLaunch year2018FounderBen ZhouKey features and trading optionsSpot trading, margin trading,…

Memes have now become way more accessible with Binance Wallet. The new Meme Rush enables users to easily discover, buy, and follow new meme token releases through the Binance Wallet. Binance wallet is expanding beyond storage, enabling Keyless users to join new crypto projects early. What Is Meme Rush? Meme Rush, Binance’s Wallet Exclusive, is a new platform designed for Keyless wallet users. It enables people to explore and join meme token projects easily. Binance built it with Four.Meme, a meme launchpad that brings its own token-launch tools into the Binance Wallet. Introducing Meme Rush – Binance Wallet Exclusive! Discover…

Financial research and analysis firm Fundstrat has tipped Ether to likely “bottom out” over the next two days before heading back higher, with an eventual rally to $5,500. “I do not make much of crypto weakness in recent days, and expect ETH likely bottoms out over the next 1-2 days before heading back higher,” said Fundstrat Global Advisors Managing Director Mark Newton.His commentary was shared by Bitmine chairman and Fundstrat adviser Tom Lee on Thursday. Newton also noted that there has been a “minor three-wave pullback,” which he said was expected to end over the weekend.Newton said that Ether (ETH) has…

Bitcoin price was holding steady near the $120,000 mark today but recently slumped below that mark to $119,768. All this movement is after a volatile and bullish start to October. Some analysts point to signs that the market has entered what many describe as the “euphoria phase” of the current bull cycle. Bitcoin price surged more than 30% since the start of the year, buoyed by sustained inflows into U.S.-listed Bitcoin exchange-traded funds, renewed investor confidence in digital assets, and expectations that the Federal Reserve will move toward cutting interest rates.  Bitcoin price briefly touched above $126,000 earlier this week…

Wall Street giant Citi (C) initiated coverage of crypto exchange OSL (0863) with a buy/high risk rating and a target price of 21.80 Hong Kong Dollars ($2.80), or 22 times projected 2025 price-to-sales. Citi said OSL is well positioned as a regulated digital-asset trading and payments platform, with strong growth prospects tied to institutional crypto adoption and stablecoin-related products. The bank projects revenue growth of 80%, 60% and 36% in 2025, 2026 and 2027, driven by payment finance (PayFi) expansion and a broader regulated market footprint.The firm’s analysts highlighted OSL’s regulatory-first strategy, noting its more than 50 licenses across 10…

A wild new scheme is attracting community speculation, as a firm tried to recover up to $150 billion in “abandoned” Bitcoin. It aims to establish a new legal precedent for seizing lost tokens. Investors purchased the rights to a famous, defunct Wall Street firm and began sending messages to around 40,000 wallets. These contained warnings to prove active ownership or risk a legal battle. Sponsored SponsoredReclaiming Abandoned Bitcoin?Dusting attacks have been out of fashion for several years now, as crypto hackers have largely moved on to newer, dangerous strategies. However, a convoluted story just surfaced employing this technique. Specifically, a…

XRP Price: Traders Divided as Market Veteran Warns of Sharp Decline

Early Bitcoin investor and Bitcoin Cash co-founder Roger Ver has reached a tentative settlement with the U.S. Department of Justice over criminal tax charges tied to an alleged $48 million loss to the government, The New York Times reported on Oct. 9.Ver was arrested in April 2024 and charged with mail fraud, tax evasion, and filing false tax returns.Prosecutors alleged that Ver concealed ownership of large Bitcoin holdings from the Internal Revenue Service while living abroad, thereby depriving the U.S. government of tens of millions of dollars in tax revenue.People familiar with the matter told the newspaper that under the…