Enron Returns With Countdown Teasing Token Launch… Or Is It?

December 3, 2024 Bitcoin.com

Altcoins

Enron, the company responsible for one of the largest frauds in U.S. corporate history, has announced its return on social media, using terms like decentralized technology and teasing the launch of a token in the future. But is this really Enron? Enron Returns With Countdown to Undefined Event Enron, the brand behind the company that […]

Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Scroll refutes allegations of ‘predatory’ airdrop

November 28, 2024 Coin Telegraph

Airdrop

Scroll’s native SCR token dropped roughly 32% on day one of trading after a controversial airdrop.

Scroll’s co-founder rebutted claims the Ethereum layer-2 network orchestrated a “predatory” token launch in October, dismissing the allegations as “wild” in a Nov. 28 post on the X platform.

Sandy Peng, Scroll’s co-founder and CEO, said Scroll has “been reflecting on community feedback” and is “working on addressing this with Session 2,” Scroll’s planned follow-on airdrop announced in October.

Additionally, Scroll is “restructuring to align with our next phase of development,” and “[s]ome team members are moving on,” Peng said.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Justin Sun has just become Trump crypto project’s biggest investor

November 26, 2024 Coin Telegraph

Coin Telegraph

Justin Sun purchased $30 million worth of tokens from Donald Trump’s World Liberty Financial, making him the largest investor to date.

The founder of the Tron blockchain, Justin Sun, has become the largest investor in Donald Trump’s crypto project, World Liberty Financial, after buying $30 million worth of its tokens.

“We are thrilled to invest $30 million in World Liberty Financial as its largest investor,” Sun wrote in a Nov. 25 X post. “TRON is committed to making America great again and leading innovation.”

Before Sun’s post, a wallet that Etherscan tagged as owned by the Sun-controlled crypto exchange HTX, formerly Huobi, was seen purchasing 2 billion World Liberty Financial (WLFI) tokens worth $0.015 apiece.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Artist threatens legal action on ‘Chill Guy’ meme tokens; community responds

November 21, 2024 Coin Telegraph

chill guy

Some community members advised the artist to just try to get rich from the situation and retire.

The creator of the art used in the viral “Just a chill guy” meme threatened to take legal action against memecoins that use the image.

On Nov. 15, the Just a chill guy (CHILLGUY) token was launched on the Solana network. The token became popular, reaching a market capitalization of $580 million at one point. The memecoin trades at $0.40, with a market cap of $400 million, at the time of writing.

Chill guy memecoin chart. Source: GeckoTerminal

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Only 43% of users qualified for Hamster Kombat’s season 1 airdrop

September 23, 2024 Coin Telegraph

Airdrop

The Hamster Kombat team said that 2.3 million users were banned from the game for cheating.

The team behind the popular Telegram clicker game Hamster Kombat has revealed the details of its season one airdrop, saying that 60 billion tokens will be airdropped to qualified users.

In an announcement posted on X, the Hamster Kombat team said that 75 billion of its 100 billion Hamster Kombat (HMSTR) tokens for the project are allocated to its community members.

The team revealed that 60% of the total token supply will be airdropped after season one, and the remaining 15% will be distributed during the upcoming season two of the clicker game.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

What are they worth today? NFTs that sold for millions

August 21, 2024 Coin Telegraph

Art

Investors who purchased NFTs just a few years ago may have reason to regret their decision.

Non-fungible tokens (NFTs) aren’t what they used to be.

At the peak of the NFT hype cycle, it appeared the whole world might be captured by digital artwork mania.

NFT collections such as CryptoPunks and Bored Apes captured the cultural zeitgeist, gaining traction through 2021 into 2022. Celebrities including Justin Bieber, LeBron James, Tony Hawk and Madonna acquired artworks, generating a string of headlines in mainstream media outlets.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

‘Time Is a Flat Circle’ – Analyst Sees Solana (SOL) Mirroring 2021 Price Action That Led to Nearly 980% Rally

July 17, 2024 The Daily Hodl

Altcoins

A closely followed analyst thinks Solana (SOL) may be repeating a pattern witnessed three years ago before the smart contract platform surged to its all-time high. Pseudonymous analyst Inmortal tells his 214,700 followers on the social media platform X that Solana appears to be printing a series of bullish higher-low setups on the two-day chart after […]

The post ‘Time Is a Flat Circle’ – Analyst Sees Solana (SOL) Mirroring 2021 Price Action That Led to Nearly 980% Rally appeared first on The Daily Hodl.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye — Lawyers

July 8, 2024 Coin Telegraph

Caitlyn Jenner

Celebrities who have brazenly shilled their memecoins on X in recent months run a high risk of attracting the attention of the SEC and class-action lawsuits.

Celebrities who have recently created and promoted memecoins on Solana could be breaking securities laws and “will absolutely catch the attention” of the United States securities regulator, according to lawyers.

US-based public figures, including Caitlyn Jenner, Iggy Azalea (real name Amethyst Kelly), Jason Derulo (real name Jason Desrouleaux) and many others, have launched and promoted crypto tokens using their likeness since late May.

“Nothing gets the SEC to act faster than shilling a memecoin,” Creo Legal founding director David Chung told Cointelegraph.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Arbitrum daily revenue surges 16,500% after LayerZero’s ZRO launch

June 21, 2024 Coin Telegraph

Airdrop

LayerZero’s “not an airdrop” ZRO token airdrop has spurred a new peak for Arbitrum’s daily revenue.

LayerZero’s token launch on June 20 caused a massive surge in fees on Arbitrum, leading to a record $3.43 million daily revenue for the blockchain, a bump of around 16,680% compared to ththe day prior.

LayerZero launched the ZRO token on Thursday but triggered criticism over its obligatory “donation” mechanism — which requires claimants to spend a small amount of money per token to nab their allocation.

These mechanics pushed up the average gas fees on the blockchain, which hit 89 cents, up from its typical less-than-1-cent fee.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

‘Airdrop Hunter’ Receives $753,000 Worth of ZK Tokens Before Depositing Into Binance: Lookonchain

June 19, 2024 The Daily Hodl

Airdrop

An “airdrop hunter” secured $753,000 worth of the new ZKsync token (ZK) via 85 wallets, according to the crypto tracker Lookonchain. Lookonchain notes the trader proceeded to deposit 2.71 million ZK worth $678,000 into Binance and sold 300,000 ZK for 20 Ethereum (ETH) worth $69,000 via the decentralized exchange (DEX) SyncSwap. ZKsync is a layer-2 […]

The post ‘Airdrop Hunter’ Receives $753,000 Worth of ZK Tokens Before Depositing Into Binance: Lookonchain appeared first on The Daily Hodl.

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