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Savvy Trader Earns $8.3 Million Profit Trading Perpetual Contracts on Hyperliquid

A smart trader netted over $8.3 million in profits trading perpetual contracts on the Hyperliquid Decentralized Exchange.  The trading activity of the trader with an address “0x880” was revealed by Onchain tracker SpotOnChain highlighting the trading details involved and the strategy leveraged by the trader.  A smart trader has earned over $8.3M from trading perpetual…

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Tether Completes First VC Investment by Injecting $2 million into Arcanum’s Web 3 Fund

Tether, the world's largest stablecoin issuer has officially pivoted into venture capital funding by pouring in $2 million into Arcanum Emerging Technology Fund II.  The stablecoin issuing company which holds the highest market share fulfilled its long-term goal of diversification by opening up a new business offer for clients of the company.  Arcanum announced the…

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Binance backs Ex Thailand’s PM proposal for Bitcoin Payment Project 

Thaksin Shinawatra, former Prime Minister of Thailand recently proposed a Bitcoin Payment Project to boost Thailand’s competitiveness and make the Asian country more attractive to Tech-savvy visitors.  The proposal was acknowledged by the Binance Unit in Thailand which warned that the Bank of Thailand needs to study first the risks associated with such a move…

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Scammers target Crypto users with fake Pudgy Penguin Website disguised in Google Ads 

Blockchain security experts Scam Sniffers exposed a new scheme by scammers targeting crypto users with malicious ads.  Scam Sniffers in an X thread exposed how a malicious ad designed to send users to a fake Pudgy Penguin Website was embedded in a Google Advertisement.  https://twitter.com/realScamSniffer/status/1871823641765445672 The development reveals a more sophisticated form of Phishing targeted at…

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Memecoins Dominate the Crypto Industry in 2024 with over 30% share of Narrative Interest 

A Coingecko Report revealed that Memecoins were the most searched and preferred Crypto asset in 2024 grabbing an impressive 30.67% share of Global investor interest.  In the memecoin category, certain categories of memecoin came on top representing the best of the crop and the peak of global investor interest in 2024.   Solana meme coins ranked…

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