Crypto News

“Cardano Is Getting Too Big,” Says Hoskinson As ADA Network Flares With Activity Ahead Of Vasil Hardfork
Despite the crypto market being thrust into a brutal sell-off in the last seven or so months, the level of activity on the Cardano network has spiked, with hundreds of projects onboarding the Layer 1 network in preparation for the next bull phase.

Institutional Investors Accumulate Cardano (ADA) and Polkadot (DOT) As Bitcoin Sees Major Outflows: CoinShares
A leading digital asset manager says institutional investors are taking an interest in Cardano (ADA) and Polkadot (DOT) while heavily de-risking from Bitcoin (BTC).

US Rep Madison Cawthorn Under Investigation For Promoting Meme Crypto Token
The House Ethics Committee launched a broad federal investigation into Rep. Madison Cawthorn, R-North Carolina, on Monday, following allegations that he engaged in insider trading and had a sexual relationship with his aide.

Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard's Assets
The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts.

Post UST’s depegging fiasco, data seems to suggest returning interest in stablecoins
Stablecoins, in general, suffered immensely post the TerraUSD (UST) de-pegging event. This event saw UST drop from its once-stable $1 parity to today’s $0.06 per UST. Now, to refill that lost trust, the second largest stablecoin (USDC) provider Circle has taken some measures.

Wait for More Dip ! Bitcoin (BTC) Price Might See Bottom At This Level
After losing the $30,000 level, Bitcoin bulls have now regained the $30k level. But this recovery phase by Bitcoin has a mixed response which consists of bearish and bullish predictions for the currency in the days to come.

eBay drops first NFT collection to non-crypto mainstream buyers
E-commerce giant eBay has officially launched its first NFT drop, with a series of tokenized collectibles featuring National Hockey League (NHL) legend Wayne Gretsky going live on May 23.