Solana Suffers 12% Lose Amid Falling Active Users
Solana suffered a double-digit decline this week, losing over 12% of its value, as active addresses and trading volume dropped significantly, contributing to the bearish outlook for the token.
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Crackdown Looms: Binance Faces Ban in Philippines
The Philippines’ Securities and Exchange Commission (SEC) has warned Binance for operating without a license and overseeing unauthorized securities sales, threatening to ban the exchange if it fails to address concerns by the end of February.
Oasys Teams Up with Kakao for Japan Gaming Expansion
Oasys, a Japanese gaming blockchain company, has partnered with South Korean internet giant Kakao’s web3 arm Metabora SG. The partnership will leverage Oasys’ eco-friendly technology and Metabora’s gaming expertise to expand into the Japanese blockchain gaming market.
Starknet Token Claims Soar to 420M on Launch Day
The airdrop of Starknet’s native STRK token saw over 420 million tokens claimed in the first day, sparking a surge of on-chain activity and trading volume over $1.6 billion. However, the token price remains volatile amidst liquidations.
Web3 Fashion House 9dcc Debuts at Paris Fashion Week
9dcc debuts its luxury Web3 fashion collection, merging high-quality apparel with blockchain technology through Ethereum NFTs, at Paris Fashion Week and NFT Paris.
Switzerland: Blockchain’s Newest Unicorn Capital
Switzerland and Liechtenstein have seen a rise in crypto “unicorns,’ with 13 token-related firms now worth $1 billion or more, boosting the economy and attracting global investments in the blockchain industry.
Emoji Sentiment Correlates with Crypto Market Performance
Researchers have discovered a correlation between positive emoji sentiment on social media and positive market movements in crypto trading, suggesting that leveraging emoji sentiment can aid in making informed trading decisions.
Positive Prospects for Cardano’s ADA
Cardano’s treasury growth and Plutus V3 upgrade fuel optimism for ADA’s future, supported by Charles Hoskinson.
UK Seeks Swift Stablecoin, Staking Laws
The UK government aims to enact new legislation regulating stablecoins and crypto staking within the next 6 months, signaling a sense of urgency.
Honduras Bans Financial Institutions From Crypto Services
The CNBS in Honduras prohibits financial institutions from engaging in cryptocurrency activities due to regulatory concerns and risks, emphasizing the need for oversight in the sector.