Author: Kryptonews

After selling a significant portion of its crypto stash over the past months, Ethereum-focused treasury firm ETHZilla has now added jet engines to its balance sheet.A Friday filing to the U.S. Securities and Exchange Commission (SEC) shows that the company bought two CFM56-7B24 aircraft engines for $12.2 million through a newly formed subsidiary, ETHZilla Aerospace LLC.The engines are currently leased to a major airline, and ETHZilla hired Aero Engine Solutions to manage them in exchange for a monthly fee, according to the document. The deal includes a buy-sell option agreement where either party can require the other to buy or…

Bitcoin (BTC) bear whisperers are once again making noise, cautioning investors about a potential “prolonged consolidation” period. According to these skeptics, Bitcoin’s range-bound behavior between $60,000 and $70,000 is a warning sign of waning bullish momentum. However, seasoned crypto veterans recognize a different dynamic at play: the market isn’t weakening — it’s recharging. After a strong run-up, what we’re witnessing is not exhaustion, but strategic exhalation.Consolidation phases, while often dismissed as stagnant or uninteresting, have historically served as crucial building blocks for Bitcoin’s most explosive moves. A look back into Bitcoin’s past paints a clear picture: it is not during…

685 Non-fungible token (NFT) marketplace X2Y2 is shutting down after three years of operations.  The company’s pseudonymous founder, TP, announced the decision on March 31. “We’re sunsetting X2Y2 as an NFT marketplace.  One month from now, on April 30, 2025, the platform will shut down completely,” the statement reads. X2Y2 cited a 90% drop in NFT trading volume since its peak in 2021 as a key reason for the closure.  The company also hinted at a shift in focus toward artificial intelligence (AI). “We’re building something new, something that takes everything we’ve learned and aims higher. Picture this: yields in…

Nifty Gateway, one of the earliest and most recognizable NFT marketplaces, is set to shut down operations next month, marking another high-profile exit amid the sector’s prolonged downturn.“Today, we are announcing that the Nifty Gateway platform will be closing on February 23, 2026,” the Gemini-owned platform wrote in a Saturday post on X, adding that it has already entered withdrawal-only mode, giving users roughly one month to move any remaining NFTs or funds off the site. A shutdown notice is now displayed on Nifty Gateway’s homepage, and users can withdraw assets either through a linked Gemini Exchange account or directly…

A cyberattack on the Dresden State Art Collections was detected on Wednesday, with the museums remaining open but certain operations put on pause as a result. Among the latter are the museum network’s online shop and visitor services.  As reported by Monopol on Thursday, the Dresden State Art Collections—a network of some 15 museums in the east of Germany—issued a statement reading, “Large parts of the digital infrastructure are affected. IT specialists and IT forensics service providers are working simultaneously to clean up and rebuild the systems.” Related Articles The museums are working with the Dresden Police Department and the…

The Nietzschean Penguin (PENGUIN) token, a memecoin launched on the Solana layer-1 blockchain network, surged by about 564% following a social media post from the United States White House.On Friday, the White House published a social media post on X of US President Donald Trump and a penguin holding hands and walking through the snow, which went viral.PENGUIN traded at a market capitalization of about $387,000 before the post and recorded $244 million in trading volume in the 24 hours after the post, according to SolanaFloor. Source: White HouseThe token’s market capitalization is about $136 million at the time of…

Polymarket betters are pricing in a 77% chance that the US government will shut down again before the end of January, marking a 67% increase over the past 24 hours.It comes as the CLARITY Act, a significant crypto bill aimed at providing more clarity around regulations, is still making its way through Congress, with previous delays largely blamed on the record 43-day US government shutdown in October and November.Political commentator Collin Rugg highlighted the surging Polymarket odds in an X post on Saturday, noting that it came shortly after US Senator Chuck Schumer announced that Senate Democrats would not “provide…

During his trip to Davos for the World Economic Forum, Coinbase CEO Brian Armstrong shared that a top executive at one of the world’s 10 largest banks told him that crypto is now their “number one priority” — and that they view it as “existential.”Armstrong’s post, shared on X, highlighted a shift in how legacy financial institutions are engaging with crypto. The remark underscores the growing urgency among traditional banks to adapt to crypto infrastructure, particularly as global regulators move closer to establishing clearer rules for digital assets.Just wrapped up our week in Davos. I don’t love wearing a suit…

258 Cryptocurrency exchange Bybit has announced that it will end its non-fungible token (NFT) operations by April 8, 2025.  The company shared the news through a statement on its official website on April 1, advising users to manage their assets before the shutdown date. This closure will affect its NFT marketplace, as well as the Inscription Marketplace and IDO product pages. While the company did not provide specific reasons for the discontinuation, it follows a trend seen across the industry. In recent months, several other companies have made similar moves in response to market conditions.  One example is X2Y2, a…

Merkle Manufactory, the company behind the crypto-oriented social media protocol Farcaster, plans to return $180 million in venture funding to investors. Key Takeaways: Merkle Manufactory plans to return $180 million in venture funding while Farcaster continues operating. Farcaster has been acquired by Neynar, which will take over development as the founding team steps back. The protocol is shifting away from a social-first model toward infrastructure and developer-focused use cases. The decision was disclosed late Thursday by Merkle co-founder Dan Romero in a post on X, following speculation around the future of the project.Several investors, including former Coinbase executive Balaji Srinivasan,…