Author: Kryptonews

Infinite Node Foundation (NODE), a nonprofit focused on digital art, has acquired the intellectual property of the CryptoPunks non-fungible token (NFT) collection from Yuga Labs, NODE said in a May 13 announcement. The acquisition of CryptoPunks, plus its additional $25 million endowment, establishes NODE as “the most well-capitalized nonprofit dedicated solely to digital art in the United States,” the foundation said in an X post. The terms of the deal were not disclosed. The nonprofit said it has assembled an advisory board to oversee the CryptoPunks collection. It comprises Matt Hall and John Watkinson — the artists behind the NFT collection — and…

The Internet Capital Markets meta, which involves turning app ideas into tradable assets, is gaining traction within the crypto community. Among the most talked-about tokens on platforms like X (formerly Twitter) is Launch Coin (LAUNCHCOIN). It has grown substantially in the past few days, reaching a $100 million market cap. Following this are Dupe (DUPE) and CreatorBuddy (BUDDY), both of which have seen their market capitalizations reach double digits. Launch Coin (LAUNCHCOIN) LAUNCHCOIN is the Believe app’s token. This platform is at the center of the Internet Capital Markets trend. It simplifies token creation by allowing users to mint their…

Jennifer Sanasie is an executive producer and senior anchor at CoinDesk, with over a decade of journalism experience across the U.S., Canada, and South Africa. Beyond media, she has worked closely with Web3 companies on marketing, content, and business strategy.Jennifer holds an MBA from the Rotman School of Management, a Master of Laws in Innovation and Technology from the University of Toronto, a BA in Media Studies from the University of Guelph, and a Journalism Diploma from Humber College.She owns BTC, ETH, SOL, USDC, USDT, G7, and DCNT. She also holds a mix of NFTs, altcoins and memecoins worth under…

Thanks to Marius Van Der Wijden for creating the test case and statetest, and for helping the Besu team confirm the issue. Also, kudos to the Besu team, the EF security team, and Kevaundray Wedderburn. Additionally, thanks to Yuxiang Qiu, Justin Traglia, Marius Van Der Wijden, Benedikt Wagner, and Kevaundray Wedderburn for proofreading. If you have any other questions/comments, find me on twitter at @asanso tl;dr: Besu Ethereum execution client version 25.2.2 suffered from a consensus issue related to the EIP-196/EIP-197 precompiled contract handling for the elliptic curve alt_bn128 (a.k.a. bn254). The issue was fixed in release 25.3.0. Here is…

DeFi savings protocol Sky posted a first-quarter loss of $5 million after interest payments to token holders more than doubled, according to a report created by Sky contributors from Steakhouse Financial.The loss is a stark turnaround from the previous quarter, when Sky, formerly known as MakerDAO, registered a $31 million profit. The reason for the 102% increase in interest payments is the decision to incentivize use of the protocol’s newer Sky dollar stablecoin (USDS) over the existing DAI. “The Sky Savings Rate was kept very high at 12.5% relative to the rest of the market, driving massive inflows” Rune Christensen,…

The Tron network has overtaken Ethereum in Tether (USDT) stablecoin supply for the first time in crypto history. According to data from CryptoQuant, the circulating supply of USDT on Tron’s TRC-20 network surged to $73.8 billion, edging past Ethereum’s $71.9 billion, showcasing the growing preference for Tron for high-volume stablecoin transactions, especially in emerging markets. Why Tron Is Winning the Stablecoin Race CQ analyst JA Maartun attributed Tron’s rise to lower transaction fees, faster block times, and a consistently reliable network. They noted that the crossover was the culmination of steady growth since mid-2023, where at least $1.0 billion in…

Key Takeaways:Declining Bitcoin dominance and rising strength in altcoins and memecoins could be a sign that it’s altseason.USDT dominance could drop to 2022 lows, indicating an accelerating capital rotation into Bitcoin and other cryptocurrencies. The cryptocurrency market shows signs that an altseason, a period where altcoins significantly outperform Bitcoin (BTC), could be on the horizon. Technical charts and market sentiment align to suggest that May 2025 might start a broader altcoin rally, driven by key indicators and shifting capital flows.The TOTAL2 chart, representing the total market capitalization of all cryptocurrencies, excluding Bitcoin, has broken above a downtrend line in place…

Magin Eden, the distinguished NFT marketplace, recently announced its venture into Solana’s compressed NFTs. The venture promises to be a budget-friendly and scalable path for digital collectibles. Quick Takes: Magic Eden announces its foray into Solana’s compressed NFTs. The cNFTs have compressed data and low associated fees. The marketplace has already enabled some popular cNFT collections. Operating on the Solana blockchain, cNFTs enable creators to to produce content at scale. Magic Eden Compressed NFTs The renowned NFT marketplace Magic Eden has announced its integration with Solana’s compressed NFTs. Moreover, these cNFTs differ from traditional NFTs as they have their data…

Share this article Market makers are integral participants in the financial markets, bridging the gap between buyers and sellers. In the crypto market, professional market making firms play a similarly critical role, significantly influencing prices, liquidity, and overall market health. In this article, we will break down their influence, as well as highlight potential associated risks to be aware of.  What is a crypto market maker?A crypto market maker is typically a financial institution or trading firm that actively provides liquidity by continuously placing buy and sell orders on crypto exchanges and trading platforms. Their goal is to ensure there is…

Pharmaceutical distributor Wellgistics has revealed its plan to include XRP as an instant payment system and treasury management tool. This move makes the company one of the first publicly traded entities to adopt this approach. Wellgistics Adopts XRP to Slash Settlement Times from Days to Seconds In its official statement, the Florida-based company stated that it would use XRP and its blockchain network to reduce settlement fees and boost remittance speeds for suppliers, manufacturers, and pharmacies. Besides transparency issues and geographical limitations, it usually takes three days for standard wire transfers to be completed. Hence, the company aims to…