Analysis Crypto by Thebittimes.Com

Block.one owes much more to EOS investors than just $22 million after the $4-billion ICO, EOS Network Foundation CEO Yves La Rose believes. The latest legal action against Block.one (B1), the creator and original seller of EOS (EOS), could potentially help plaintiffs get higher compensation, according to EOS Network Foundation (ENF) founder and CEO Yves La Rose. On July 25, La Rose officially announced that ENF is preparing a lawsuit against Block.one for its failure to follow through on its $1-billion following its $4.1-billion raise in 2018. The CEO argued that Block.one’s broken promises to invest $1 billion caused major issues for the EOS community and promised to hold the firm accountable. As many investors have already been part of another class action against Block.one, a number of those might need to opt out of their current lawsuits, La Rose said. “They would do that if they aren’t satisfied with the current settlement offer and believe their interests are better suited by o...

As of press time, BTC is trading 0.7% up at a price of $29,464 with a market cap of $572 billion. On the other hand, all of the top altcoins have also been in the green. Ether (ETH), XRP, and Binance Coin (BNB) are up by 1.5%. Solana (SOL) remains the biggest gainer in the top ten crypto-list with over 7% gains. Cardano (ADA) and Polygon (MATIC) are up by over 3% each. advertisement With the recent rate hike, the US Interest rates have touched a new 22-year high. On-chain data provider Santiment explains: the Federal Open Market Committee (FOMC) has recently raised US rates to their highest level since 2001, with another 25 bps increase. How the crypto markets will respond could depend on social reactions. Early signs suggest a “sell the rumor, buy the news” approach, with positive price movements anticipated. Courtesy: Santiment Bitcoin Grabs Attention Amid Fed Rate Hike As the Fed announces a rate hike, Bitcoin once again takes away the li...

Messari observed that STX has performed well in the Year-to-Date (YTD) category. STX’s circulating market cap decreased by 25.8% from $1.29B to $955M QoQ. Although the revenue dropped by 35.5% QoQ, Messari analyzed that Stacks still maintains a 105.5% YTD overall. Sharing Stack’s second quarterly performance for 2023, Messari, a crypto market intelligence platform, observed that STX has performed well in the Year-to-Date (YTD) category, despite the slight pullback. 3/ $STX's circulating market cap declined by 25.8% QoQ, dropping from $1.29B to $955M, which was in contrast to the total crypto market cap's marginal increase of 0.4%. However, despite this Q2 pullback, STX's market cap is still up 53.3% YTD. pic.twitter.com/mOsAIApGOT — Messari (@MessariCrypto) July 25, 2023 The crypto market intelligence company observed that STX’s circulating market cap has decreased by 25.8% from $1.29 billion to $955 million based on the Quarter on Quar...

Grimace Coin is a meme coin project on DogeChain. It launch ed following a light-hearted exchange on Twitter between Elon Musk and McDonald’s. This prompted a team of developers to release GRIMACE, the Grimace Coin’s native token. In the past, Musk has tweeted about Dogecoin (DOGE), driving prices higher. only if @tesla accepts grimacecoin https://t.co/CQrmAFelHR pic.twitter.com/to9HmYJhej — McDonald's (@McDonalds) January 25, 2022 The DRC-20 standard   DRC-20 tokens are the native crypto assets of the DogeChain network. They are similar to ERC-20 tokens on Ethereum. However, they can hold many assets, including digital currencies, non-fungible tokens, and more. The launch of GRIMACE on DogeChain has catalyzed activity, increasing user count. According to BitInfocharts, over 645,000 transactions have been posted on DogeChain following the DRC-20 standard launch earlier this year.  You might also like: Bitcoin funds decline as crypto investors fl...

Japan’s prime minister Fumio Kishida participated in the crypto conference WebX to share his enthusiasm for the decentralized ecosystem and web3. According to the CoinPost report, Kishida spoke on his administration’s strategies. He opined that web3 is part of the new form of capitalism. He also pointed out that the largest Japanese companies would soon announce an ambitious large-scale project to create a valuable economic zone in the metaverse. Kishida’s statement comes while Circle, the issuer of the second-largest stablecoin, USDC, has been eying to launch a stable cryptocurrency in Japan. The CEO of Circle, Jeremy Allaire, previously said that Japan could be a major stablecoin market. You might also like: Circle eyes stablecoin launch in Japan as new policies take effect Moreover, the prime minister expects that the new policies in the country could bring key players in the industry together and eventually develop web3-related business relations with other c...

FatMan addresses concerns over delayed $10M USDD pledge by Tron founder Justin Sun. Sun’s initiative initially received support but lacked updates, raising doubts about its genuineness. The Famous Terra community member reported a halt in communication with Sun since December. Famous Terra community member, FatMan, has stepped forward to address concerns surrounding the delayed implementation of Tron founder Justin Sun’s $10 million USDD pledge aimed at aiding victims affected by the UST crisis. Initially, Sun’s initiative received widespread support, as it sought to assist the bottom 236,000 UST holders who were hit the hardest. However, updates have been scarce, leading some to question the genuineness of Sun’s commitment. Any update on this @justinsuntron? We spoke about it over a year ago, and your team was working on an on-chain distribution system for UST victims, but there has been no update since and you stopped replying in Decem...

Renowned for his remarkable achievements with the ChatGPT launch, Sam Altman, the CEO of OpenAI, is once again grabbing attention. This time, it’s due to his crypto venture. Following a three-year endeavor, facing various digital-asset market fluctuations and substantial financial investments, the iris biometric crypto currency project, Worldcoin , has now been officially launched. Altman added, “Worldcoin is an attempt at global scale alignment, the journey will be challenging and the outcome is uncertain.” The Worldcoin project is now live. pic.twitter.com/xZXG4w56Ps — Worldcoin (@worldcoin) July 24, 2023 Additionally, on July 23, users were presented with a notification urging them to update the mobile app. This further resulted in the app’s functionality being temporarily blocked. The message displayed read, “It’s time. Join us in the World App. July 24, 2023, 11 am.” Also Read: OpenAI CEO Sam Altman Raises $115M for ...