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Coinbase-sponsored second layer blockchain Base caused a stir on Wednesday when, despite repeatedly claiming that it had no intention of launching a token, it launched a token. Confusingly, however, depending on who you listen to, it either didn’t launch a token at all, or it has launched something called a “content coin.” BASEISFOREVERYONE was announced by Base via an X post and was billed as being for “coiners, collectors, traders, builders, creators, artists, writers, musicians, visionaries, sports fans, podcasters, travelers, DeFi users, students, and so much more.” Unfortunately, the memecoin crashed 88% within hours. What’s peculiar, however, is that Coinbase itself is adamant that it didn’t actually launch a token or memecoin. This, it says, is due to the token launching on Zora. Zora is a copy of Instagram that utilises Base’s layer 2 chain to tokenize every post users make, meaning they can subsequently be traded and sold .  A Coinbase spok...

Now defunct cryptocurrency exchange FTX and its former CEO Sam Bankman Fried (SBF) were the talk of the town throughout 2022 and 2023. After SBF was jailed, the chatter around the exchange had slowed down. But the jailed founder made a comeback with a new post on X. This post has made headlines as SBF was posting through his account for the first time in two years. While the community wasn’t impacted by this tweet, the FTT token which is associated with the exchange recorded a massive uptick. Also Read: Shiba Inu: Here’s When SHIB Could Recover The $0.00004 Level A Look Into SBF’s Tweet Source: AM730 SBF created a 10-tweet thread on X. This thread primarily discussed layoffs. perhaps in reference to Elon Musk’s demand that government workers email their job activities from the previous week or face termination. He started the thread by saying, “I have a lot of sympathy for gov’t employees: I, too, have not checked my email for the past few (hundred) days. And I can con...

The Goatseus Maximus price has surged 73% in a week, despite tumbling 1% in the last 24 hours, to trade at $0.6549 as of 5 a.m. EST on trading volume that fell 4% to $303.87 million. Goatseus Maximus Price Prediction The GOAT price’s attempt to return to the resistance at $0.80 and possibly go beyond has been cut short by a barrier at $0.70. However, there are a few reasons to expect an increase in the GOAT price. For example, the project’s Bollinger bands are still quite wide, similar to how they were over the past few days when the price was increasing. However, right now, the price is dropping from the upper band, which it was pushing up for about 9 hours, and is rapidly spiraling down to the lower one, which is a bearish signal. In addition, the token’s Relative Strength Index (RSI) is showing that the traders are still engaged in a sell-off. The RSI was at the oversold area late on October 28, only to rapidly surge to the overbought zone over the foll...

In a market reeling from a bout of risk aversion, cryptocurrencies faced significant declines today. For instance, Bitcoin plummeted over 16%, trading at $52,680 after an 11% drop, marking the steepest fall since the FTX exchange collapse. Similarly, Ether suffered, shedding over a fifth of its value before stabilizing at $2,342, its worst drop since 2021. Moreover, these declines are part of a broader global stock selloff fueled by concerns over the economic outlook. Additionally, geopolitical tensions in the Middle East and skepticism about heavy investments in artificial intelligence contribute to the market’s unease. Despite the turmoil, some investors view this as a buying opportunity. They believe that the prospect of a less restrictive monetary policy could be beneficial for crypto. Biggest Crypto Gainers Today – Top List In a sea of market turmoil, a few tokens are standing out and grabbing attention. Fasttoken is creating a buzz with its unique Proof of Stake an...

Ethereum (ETH) is the second-largest cryptocurrency by market cap and is now back in the spotlight with increased institutional interest. As traditional finance money flows into the Ethereum ecosystem, Finbold selected two of the best ERC-20 token s to consider investing. The finance behemoth BlackRock (NYSE: BLK) has turned its eyes to the token ization of real-world assets (RWA). For that, BlackRock has already reserved an initial investment of $100 million, currently held in USDC on Ethereum. Meanwhile, an Ethereum spot ETF will start trading in Hong Kong on April 30 following higher regulatory clarity and approval. Picks for you How rich is "The Baddest Man on the Planet" – Mike Tyson's net worth revealed 1 hour ago AI builds the ideal crypto portfolio for May, 2024 1 hour ago Sell-off alert: Caution advised as Bitcoin resistance persists 2 hours ago 2,000 Bitcoin ATMs installed in 2024 2 hours ago This institutional activity ...

STEPN distributes 100 million FSL Points to users. The airdrop aims to reward loyal community members and fuel engagement within the STEPN ecosystem. STEPN is also expected to announce a partnership with a leading global sports brand soon. According to a post on X, Move-to-earn lifestyle app, STEPN, has completed an extensive airdrop campaign, allocating 100 million FSL Points to its user base, valued at $30 million. The initiative, unveiled ahead of an impending partnership with a renowned sports brand, marks a pivotal moment for the Solana-based move-to-earn platform. FSL points redeemable at 1:1 ratio for GMT tokens The recently completed airdrop is the second airdrop marking the end of our STEPN Trailblazer event, which is the third one since 2022. The airdrop  aimed at incentivizing user engagement and fostering loyalty within the STEPN community. Users will have the opportunity to claim FSL Points, redeemable at a 1:1 ratio for STEPN’s ...

Bitbot presale has generated optimism with its security features and perks. The presale occurs in 15 stages, marked by persistent price increases. The token could claim a 200X gain after listing in Q2 2024. The era of Telegram trading bots has dawned. One project that has quickly captured attention is Bitbot , the first self-custodial trading bot on Telegram. Since launching a presale a few weeks ago, the market frenzy has driven purchases to nearly $1 million. For a token still on stage 5, there is much to expect through to the last stage. This comes amid expectations that this token could follow its predecessors and claim a 200x surge. But is $BITBOT worth your investment? Let’s find out. Bitbot: A unique investment opportunity in the DEX bot trading sector Since the advent of Telegram trading bots, investors have been treated to a roller coaster. Existing token s made instant hits at launch, generating massive returns. Conversely, constant hacks ha...

Frax Finance is looking to mirror Uniswap’s proposal to allocate protocol fees to stakers FXS price surged to highs of $9.64 and could break above $10 if bulls hold onto gains. After the Uniswap Foundation released a proposal seeking to distribute network fees to UNI stakers, the team at Frax Finance have outlined a similar proposal. Frax Finance founder Sam Kazemian outlined this during an interview with CoinDesk. The Frax Finance team had earlier hinted at this on February 23 via a post on X. Should veFXS holders vote to distribute Frax Protocol revenue back to veFXS stakers again? Frax Finance makes 8 figures of annual revenue & growing, mostly being conserved in the treasury now. Time to turn it back on? 👀 https://t.co/3Yd9oDV98A — Frax Finance ¤⛓️¤ (@fraxfinance) February 23, 2024 FXS toke surges amid UNI-like proposal Last week, the Uniswap ( UNI ) token jumped on news of the protocol’s rev...

Solana and its top tokens are rebounding as a sense of fear spreads in the market. Some of the most notable token s are Jito and Solend. Memeinator has raised over $3.5 million from its investors. Cryptocurrency prices had a volatile performance last week as investors cheered the latest  SEC approval of Bitcoin ETFs . While  Bitcoin initially jumped after the report, it then pulled back sharply as traders sold the news. It remains sharply below last week’s high of $49,000. Solana tokens rebound However, some altcoins have stepped in to continue the rally.  Solana , the fifth biggest cryptocurrency, has risen by over 5% in the past 24 hours and is approaching the psychological level of $100.  Some of the most prominent tokens in the ecosystem like Solend (SLND) and Jito have jumped further. Solend rose by over 43% while Jito jumped by over 23% in a high-volume environment. Other tokens like Bonk and Raydium also soared. It i...

Seven crypto currency projects, including Injective and Sui, will release new token s worth at least $10 million into their circulating supply within the next month .  In total, around $560 million in cryptocurrencies are scheduled to unlock in January 2024, according to a TokenUnlocks dashboard. The unlocks will happen over varying periods, with some releases occurring within 72 hours and others occurring in tranches across 30 days.  These emissions have been designated for various participants, such as core contributors, charities, staking rewards, and investors. Aptos (APT) Aptos, a layer-one blockchain, will unlock 24.8 million APT tokens worth roughly $235 million at current prices. The tokens are spread across the Aptos Foundation, community incentives, core contributors, and investors. About 8% of APT’s circulating supply and the community allocation will claim the lion’s share. Injective (INJ)  Just over 4% of Injective’s circulating supply is allocated to adv...

In a recent interview with Decrypt, Coinbase CEO Brian Armstrong confirmed the company’s decision not to issue a token for its layer-2 network, Base. Contrary to previous speculations and a statement by Coinbase Chief Legal Officer Paul Grewal, Armstrong emphasized that there are no plans to create a Base network token . This announcement is significant as it reflects Coinbase’s strategic approach towards its layer-2 network development and its interaction with the broader crypto ecosystem. Base, which launched in August, has shown remarkable growth, becoming the third-largest layer-2 network in terms of total value locked (TVL), boasting around $500 million in TVL and a million interacting wallets since its inception. Layer-2 networks, built atop existing blockchain systems like Ethereum (ETH), offer faster and cheaper transaction capabilities, addressing scalability issues inherent in base layer networks. The rapid ascension of Base in this competitive landscape is n...

Moderators responsible for overseeing Reddit’s largest crypto forum have been fired amid allegations that they sold off the subreddit’s native MOON token minutes before the platform canceled its crypto rewards program. That’s according to CoinDesk and a message from the r/Cryptocurrency team that read, “All the moderators who sold Moons before the announcement have already been removed from the mod team.” MOON could previously be distributed, traded, or spent as part of Reddit’s blockchain-based community points program. However, it was announced last Tuesday that the program was to shut down by November 8.   Reddit admins reportedly informed moderators in charge of the r/Cryptocurrency thread of the upcoming cancellation one hour before its announcement. Cryptosleuths claim that, within the hour, three moderators dumped their holdings before the news broke publicly .   1/ Three @CCMOD_ moderators dumped $MOON in advance via #inside information from @Reddit admins. pic.twitt...

Axie Infinity (AXS) positioned itself among the leading and most popular ‘play-to-earn’ blockchain games during 2021’s gaming mania in the cryptocurrency market. The project gathered hundreds of thousands of players, attracting investors and speculators due to its financial nature. However, Axie Infinity’s native token could suffer a significant impact in price until October 20, as 15.13 million AXS ($64.44 million) of new tokens will be put into circulation on this day. According to data retrieved by Finbold from token.unlocks.app on October 14. Notably, this massive token unlock amounts to 11.5% of Axie Infinity’s current circulating supply of 141.31 million AXS, overcoming the total exchanged volume of $40.12 million for the token in the last 24 hours from press time. Considering the market’s uncertainty, a sell-off event could drive the project’s price further down. Axie Infinity (AXS) market data. Source: CoinMarketCap From the total unlock ed amount, distribution will b...