Author: Kryptonews

In brief One trader turned a $332 investment into approximately $190,000 trading Gooncoin. The token launched on the rebranded Believe App via its X reply “Launch Coin” mechanism. Gooncoin is now trading at a $54.6 million market cap, up 70,000% in the last 24 hours. A Solana meme coin trader turned $332—or less than 2 SOL at the time—into nearly $190,000 by trading a newly launched meme coin called Gooncoin over the past 24 hours. The GOONC token was introduced late Monday night via Believe App’s “Launch Coin” mechanism, which allows any X (formerly Twitter) user to create a Solana token…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The Ethereum price has crossed the $2,400 mark for the first time since March of this year, marking a significant recovery for the second-largest cryptocurrency by market capitalization.  This surge represents a remarkable 50% increase over the past month,…

Members of the Federal Reserve’s Community Depository Institutions Advisory Council (CDIAC) raised concerns that nonbank-issued stablecoins could accelerate deposit outflows from traditional banks and reduce credit availability to local communities.According to the April 10 meeting records, council members expressed apprehension over pending legislation in Congress related to payment stablecoins and their regulatory treatment. They compared the threat of deposit migration from banks to stablecoin platforms to the exodus of funds to money market mutual funds in the late 20th century, which materially reshaped the financial landscape. Additionally, the council stated that stablecoins represent a digital analogue to that prior wave of disintermediation,…

Institutional appetite for digital assets is gaining momentum, with crypto investment products recording $882 million in inflows last week. According to new data from CoinShares, this marks the fourth straight week of positive flows.In 2025, digital asset investments have seen total inflows of $6.7 billion, which is rapidly approaching the $7.3 billion high set in February.James Butterfill, head of research at CoinShares, said the rally is tied to broader economic pressures. According to him, the growing global money supply, concerns over stagflation in the US, and supportive state-level policies of “Bitcoin as a strategic reserve asset” are all driving renewed…

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…