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Non-fungible tokens hosted on Polygon, an Ethereum scaling blockchain network, are making a huge comeback despite the rest of the NFT market being in a downtrend. Today, Polygon NFTs have seen a significant positive surge, pushing Polygon to become the most-traded blockchain network in the NFT ecosystem for the first time. Polygon NFT Sales Jumps 42% Today Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer, shows that non-fungible token collections created on Polygon have surged in trading sales volume today. In the past 24 hours, Polygon-based NFT collections have amassed a trading sales volume of $3.9 million, representing a 42% surge from the past day. The recent surge in Polygon-based non-fungible token sales volume appears at a time when other digital items from blockchain networks like Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of dece

The US Securities and Exchange Commission (SEC) has instituted a lawsuit against Metamask developer, Consensys . The Commission alleges that the crypto firm violated securities laws by acting as an unregistered securities broker. Related Reading Chainlink (LINK) To Hit New Highs? Analysts Predict $25 Target 2 days ago SEC Accuses Consensys Of Violating Securities Laws Using Metamask According to the court document , the SEC claims that Consensys has acted “as an unregistered broker of crypto asset securities through its MetaMask Swaps service” since October 2020. The Commission also accused the crypto firm of engaging in the unregistered offer and sale of securities through crypto staking programs.  The SEC stated that Consensys has brokered over 36 million crypto transactions since 2020 through its MetaMask Swaps, at least 5 million i

The cryptocurrency market is full of opportunities and value asymmetry that sharp observers can benefit from. On that aspect, market capitalization is a powerful benchmark to trace comparisons between competing projects for a fundamental analysis. In particular, the currently $3 billion Monero (XMR) stands out with strong fundamentals, hinting at an undervalued capitalization. Monero is one of the solid contenders that is gradually capturing part of Bitcoin’s (BTC) market share among cryptocurrencies. The project has most of Bitcoin’s praised strengths and benefits from more efficient transactions, an improved proof-of-work system resistant to ASIC’s centralization, and a battle-tested privacy-by-default network. Picks for you Impending altseason looms as Ethereum outperforms Bitcoin price action  2 hours ago

The cryptocurrency market has recently recovered from a downturn, with most cryptocurrencies trading in the green. Bitcoin (BTC), for instance, has shown a 1.8% increase. Amidst this recovery, Solana (SOL) and Avalanche (AVAX) have emerged as key players, each experiencing significant price surge s. However, their growth trajectories reveal different dynamics driven by distinct factors. While Solana’s rally appears to be fueled by intense fear of missing out (FOMO), Avalanche’s steady climb seems rooted in strategic advancements and lower speculative pressure. Solana’s FOMO-driven surge According to on-chain analytics firm Santiment , Solana saw an 8.9% price increase within 8 hours, accompanied by high social volume, suggesting strong FOMO. This typically indicates a higher likelihood of a price correction due to increased speculative interest.  Picks for you

Ripple President, Monica Long, recently announced plans to introduce a US Dollar-backed stablecoin (RLUSD) and potentially an XRP exchange-traded fund (ETF). This news reflects the increased attention on cryptocurrencies. Meanwhile, new crypto currency releases, listings, and presales garner market hype. This Analysis compiles these digital assets, including their Features , utilities, and market history. New Cryptocurrency Releases, Listings, and Presales Today The MUC utility token project introduces a comprehensive ecosystem integrating NFTs and tokens, focusing on decentralized intellectual properties (IPs) such as Tokyo Mongz Hills Club, Peachz.MOMO, and GAJA!Alice. Additionally, Freedom World is a dynamic metaverse ecosystem powered by FDM, a cryptocurrency that supports various Web3 applications.  Moreover, Mega Dice is a GameFi cryptocurrency initiative operating on the Solana network. It recently garnered attention by raising over $1.5 million and is now approaching the

Author: OneKey Security Team, OKX Web3 Wallet Security Team Real Cases of Device Risks from Several Users Case 1: Tampered Hardware Wallet User A purchased a hardware wallet from an unauthorized platform and began using it without verification. In reality, the wallet’s firmware had been tampered with, pre-generating multiple sets of mnemonic phrases. Eventually, the crypto assets stored in the hardware wallet were fully controlled by hackers, resulting in significant losses. Preventive Measures: 1) Users should purchase hardware wallets from official or trusted channels whenever possible. 2) Perform a complete official verification process before using the wallet to ensure firmware security. Case 2: Phishing Attack User B received an email from the “Wallet Security Center” stating that there was a security issue with the user’s wallet and requesting the user to enter the wallet’s recovery phrase for a security update. In reality, this was a carefully crafted phishing attack, and the us

The crypto industry has been on a growth streak for several years now, and this development has reached the corporate world. While mainstream institutions might have shunned cryptocurrency about a decade ago, many are now getting involved in it. Case in point, DBS Bank, a major banking institution in Singapore, has been rumored to be an Ether whale. This comes via a report from blockchain Analysis firm Nansen which claims that the bank holds millions of dollars in Ether. How DSB Could Be an Ether Whale The crypto industry has a long-running fascination with token whales. The idea of a single person or entity holding massive amounts of a certain crypto has captured the industry’s attention and there are entire social media accounts dedicated to monitoring whale movement. In a recent post on Twitter/X, Nansen said that it had

Considering that trends in the cryptocurrency market often change, it can sometimes be difficult to gauge the right timing for buying assets like Bitcoin (BTC). However, there is one indicator that can help make this task easier, as observed by a renowned crypto trading expert. Specifically, popular crypto market analyst Ali Martinez pointed out that the relative strength index (RSI), using 14 periods, had always signaled the perfect time to buy the Bitcoin dip, as it does at the moment, according to the Analysis he shared in an X post on June 25. ‘Buy the dip’ now Indeed, as Martinez’s chart suggests, the RSI indicator , which measures the speed and change of price movements to assess overvalued or undervalued conditions, has been a solid predictor of the future price performance for the maiden crypto asset and when to ‘buy the dip’ (when the RSI is below 30). Picks for you

Top US crypto exchange Coinbase is adding support for an altcoin project that saw massive gains earlier this year. In an announcement via the social media platform X, Coinbase says it’s adding Core (CORE) to its trading platform. “Core is now live on Coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” According to the project, Core is designed to be a hyper-scalable complimentary smart contract platform to Bitcoin. Core’s ecosystem includes a Satoshi Plus consensus mechanism, non-custodial staking and a native version of wrapped Bitcoin. The project is also compatible with Ethereum Virtual Machine (EVM). In the past year, Core reached a low of $0.36 in September 2023 and soared to $3.79 in April 2024, a gain of more than 900%. Core, with a market cap of $1.18 billion, is trading for $1.32 at time of writing, down nearly 2% in the last 24 hours. Core also landed a listi

Table of Contents: Introduction Ethereum (ETH) PawFury(PAW): Building Success Enthusiastic Presale Strong Capital Influx High ROI Potential Solana (SOL) Ripple (XRP) Summary Introduction In a market known for its rapid shifts and potential for high returns, several altcoins have stood out this year. These cryptocurrencies are not only leading in terms of technological innovation but also in market gains, driven by their utility, adoption rates, and groundbreaking features. Their ability to surpass expectations and deliver returns that are nothing short of unbelievable makes them particularly attractive to investors looking to capitalize on the dynamic crypto market. Ethereum (ETH) Ethereum has been at the forefront of the DeFi revolution, continuously evolving and adapting to meet the demands of developers and users. Its recent upgrades aimed at increasing transaction speed and reducing gas costs are making it even m

In a remarkable move that mirrors the strategy of the American software company MicroStrategy, Japan’s Metaplanet has announced plans to purchase an additional ¥1 billion ($6.26 million) worth of Bitcoin (BTC) . This decision underscores the firm’s commitment to Bitcoin as a long-term investment and a hedge against economic instability in Japan. The Bold Move and Its Implications *Metaplanet issues ¥1 billion in 0.5% bonds; proceeds to fund additional purchases of $BTC* pic.twitter.com/qKZQKHZ6MS — Metaplanet Inc. (@Metaplanet_JP) June 24, 2024 Metaplanet, a Tokyo-based investment and consulting firm, made the announcement on June 24, with the board of directors unanimously agreeing to the plan. The funds for this purchase will be raised through a bond issuance with an annual interest rate of 0.5%, set to mature on June 25, 2025. This move follows Metaplanet’s previous purchases, bringing its total Bitcoin holdings to approximately 241 BTC, valued around $15 m