EN Insights

Archives: Fast News

  • Global fan tokens surpass $90 billion in sales despite bearish market

    Global fan tokens surpass $90 billion in sales despite bearish market

    Global fan tokens surpass $90 billion in sales despite bearish market

    Fan Tokens are on a path towards the $100 billion milestone after seeing renewed interest in August, despite the downturn of the entire non-fungible token (NFT) market.

    As of Aug. 24, Fan Token sales for the month were roughly $6.9 billion. The latest metric has made a massive contribution to the total global fan token sales volume of around $92.7 billion, per BeInCrypto Research, based on data from NFT industry data aggregator CryptoSlam.

  • SHIBA INU trading volumes add 114% in day as millions enter market cap

    SHIBA INU trading volumes add 114% in day as millions enter market cap

    According to CoinMarketCap data, the 24-hour SHIBA INU trading volume is demonstrating a sharp rise of 114%. Likewise, SHIBA INU’s market valuation is up 7% at 7.68 billion.

    The latest increment might suggest that over $490 million has flowed into the SHIB market capitalization in the last 24 hours. According to WhaleStats data, SHIBA INU was among the top 10 by trading volume among the 100 biggest ETH whales in the last 24 hours.

  • Polygon founder launches $50 million early-stage Web3 fund

    Polygon founder launches $50 million early-stage Web3 fund

    Headed up by Polygon’s Sandeep Nailwal and Cere Network founder Kenzi Wang, Symbolic Capital launched in May, but today announced that despite the crypto market crashing, it has raised $50 million to plug into early-stage Web3 companies.

    Symbolic said it plans to focus on backing startups building consumer-facing decentralized apps.

  • Mastercard ties up with Binance to enable payments in crypto at 90 million stores

    Mastercard ties up with Binance to enable payments in crypto at 90 million stores

    Payments giant Mastercard on Wednesday revealed a partnership with Binance, the world’s largest crypto exchange by trading volume. This enables crypto payments in 90 million stores that support Mastercard payments.

    According to CEO Mastercard’s Twitter teaser, the pilot version of the Binance card will be launched in Argentina on August 23 and then expand to other locations.

  • Top 10 Daily Gainers

    Top 10 Daily Gainers

    Top 10 Daily Gainers

    STG climbed to 1st place in the Top Gainers on ONUS after witnessing recent continuous growth. With the solid increase, STG officially hit the growth of 151.03% in just one month.

    Following behind are RBP (up 35.29%), LUNC (up 30.01%), NUM (up 28.48%),…

  • Cybercriminals have stolen over $100 million in NFTs

    Cybercriminals have stolen over $100 million in NFTs

    Over $100 million in NFTs have been stolen in the last year, according to a new report by blockchain analysis firm Elliptic. The report was released on Wednesday.

    Elliptic says cybercriminals netted an average of $300,000 per scam. Its report notes that $24 million in NFTs were stolen through scams in May 2022 alone, with July 2022 being the highest month on record for the number of NFTs stolen at 4,600.

  • Ethereum Foundation confirms date for long-awaited merge upgrade

    Ethereum Foundation confirms date for long-awaited merge upgrade

    “The merge” is coming—and potentially even sooner than previously expected. According to a Wednesday blog post by the Ethereum Foundation, the upgrade will now be fully completed between September 10 and 20.

    It added that the update, which will take part in two phases, “Bellatrix” and “Paris,” will happen on September 6 and then between September 10 and September 20, respectively.

  • Another 110 million SHIB gets burned

    Another 110 million SHIB gets burned

    According to Shibburn, in the past 24 hours, there have been a total of 110,485,436 SHIB tokens burned.

  • Ethereum increases bug bounty rewards ahead of The Merge

    Ethereum increases bug bounty rewards ahead of The Merge

    The Ethereum Foundation has literally quadrupled the bug bounty rewards for friendly hackers who would discover any important bugs in the Ethereum code.

    So far, the bug bounty program was offering payments up to $250,000 along with a place on Ethereum’s leaderboard for uncovering critical errors. As per a Bloomberg report, the Ethereum Foundation has now increased these bug bounty rewards to more than $1 million.

  • Uniswap in talks with 7 lending platforms to build ‘NFT financialization’

    Uniswap in talks with 7 lending platforms to build ‘NFT financialization’

    The decentralized cryptocurrency exchange Uniswap is currently in talks with seven NFT lending protocols to bring about NFT financialization.

    Uniswap has been making significant inroads into the NFT space recently, with the company acquiring NFT aggregator Genie in June. Genie allows users to search for and trade NFTs across multiple platforms with the promise of saving customers time and money.