Ethereum Staking Up, DeFi Tokens Down
The rise of staking yields could be decreasing motivation to utilize other DeFi protocols, evidenced by the ongoing decrease in assets locked in decentralized finance.
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Trump NFTs skyrocket after Tucker Carlson Interview
Donald Trump’s NFT trading card collection surged in value after he appeared on Tucker Carlson’s show, even though Trump has been skeptical of crypto and holds his crypto millions mainly in an Ethereum wallet.
Binance to Cut Crypto Debit Cards in LatAm and Middle East
Facing growing regulatory scrutiny, Binance announced it is discontinuing crypto debit card services in Latin America and the Middle East starting next month, just over a year after launching the cards.
New Stablecoin Aims At Multi-Billion Dollar Colombian Peso Market
Num Finance launched a Colombian peso stablecoin to disrupt the multi-billion dollar Colombian remittance market.
Dropbox Ends Unlimited Storage: The Rationale Behind the Change
Dropbox discontinued unlimited storage due to customer misuse that degraded service quality, following the lead of competitors like Google and Microsoft.
Biden Crypto Tax Plan an ‘Attempt to Kill’ US Adoption
The Chairman of the House Financial Services Committee believes the Biden Administration’s proposed cryptocurrency tax regulations mandating customer data sharing could severely hamper adoption and innovation in the decentralized crypto sector.
1 in 3 Investors Open to Unverified AI Financial Advice: Survey
A survey found nearly one-third of investors are comfortable following AI-generated financial guidance without verifying it, though most still believe human confirmation is necessary.
Litecoin Crushed by Binance Delisting While Pomerdoge Surges
Litecoin plunged on the news of its delisting from Binance which is reducing BUSD pairs, while new meme coin Pomerdoge saw demand spike amid promises of play-to-earn gaming rewards.
Pepecoin Founder Claims Ex-Team Drained $16M From Multisig
Pepecoin’s founder alleges former team members exploited the multisig to steal $16 million in PEPE tokens before abandoning the project, though some remain skeptical of the details provided.
XRP Price Drops After Powell’s Hawkish Speech
XRP’s price declined in line with the broader crypto market’s reaction to hawkish comments by Fed Chair Powell, while technicals point to further losses ahead as whale data shows major holders reducing exposure.