Tag: Million

Coinbase buys Cobie’s UpOnly NFT for $25 million, signaling show revival

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Key Takeaways Coinbase bought Cobie’s UpOnly NFT for $25 million in USDC, securing rights to compel an eight-episode UpOnlyTV season. Burning the NFT could launch a new season within three months, according to its metadata. Share this article Coinbase has purchased the UpOnly NFT from crypto influencer Cobie for $25 million in USDC, according to blockchain data. The NFT serves as an “admission ticket” that allows the holder to demand an eight-episode season of UpOnlyTV, the once-popular crypto talk show co-hosted by Cobie and Ledger Status. The NFT’s on-chain description…

Retiree loses over $3 million worth of XRP in suspected wallet compromise

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Key Takeaways A North Carolina resident lost $3 million in XRP due to a hack of his Ellipal hardware wallet. Stolen XRP was dispersed across hundreds of wallets to obscure the trail, highlighting self-custody risks. Share this article A retired man claims he lost his entire crypto savings after his Ellipal cold wallet was hacked and drained of 1.2 million XRP this month. The stash would be valued at over $3 million at current prices. “I’ve been in crypto since 2017,” said the victim, Brandon LaRoque, in a YouTube video…

Daylight Raises $75 Million To Bring Distributed Solar Power to Homes

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Daylight, a decentralized physical infrastructure network (DePIN) project focused on creating a distributed solar energy grid, has raised $75 million to expand its network of solar coverage in the United States.  Daylight offers solar power as a subscription-based service to customers, removing the high upfront cost of purchasing and installing panels and batteries, which can cost consumers over $30,000. The project’s testnet went live in 2024. The network generates revenue through its subscription-based energy service and by feeding excess energy back to the power grid. Customers share in the revenues…

Ethereum Foundation deposits 2,400 ETH and $6 million in stablecoins into Morpho vaults

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Key Takeaways The Ethereum Foundation deposited 2,400 ETH and $6 million in stablecoins into Morpho’s DeFi vaults. Morpho protocol utilizes open-source FLOSS licensing, enabling greater developer participation and ecosystem resilience. Share this article The Ethereum Foundation disclosed on Wednesday that it had deposited 2,400 ETH and approximately $6 million in stablecoins into Morpho’s yield-bearing vaults. Morpho, which operates as a permissionless DeFi protocol, is known for its commitment to open-source development. Its flagship products, including MetaMorpho and Morpho Vault v2, are licensed under GPL2.0. The move reflects the Foundation’s growing…

Fidelity purchases $132.7 million in Bitcoin

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Key Takeaways Fidelity’s FBTC recorded $132.7 million in net inflows on Oct. 14, the largest among all issuers for the day. Fidelity’s strong inflows suggest continued institutional and retail accumulation through its platform. Share this article Fidelity, a major US asset manager, saw clients purchase $132.7 million in Bitcoin on Tuesday, demonstrating continued institutional appetite for the leading crypto asset. The asset manager has enabled Bitcoin exposure in 401(k) retirement plans, allowing clients to incorporate the digital asset into long-term savings strategies. Alongside peers like BlackRock, Fidelity is strategically acquiring…

BNB Chain distributes first batch of $45 million Reload airdrop

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Key Takeaways BNB Chain begins $45 million Reload Airdrop in partnership with Four Meme. The airdrop rewards active community members across four transparent distribution rounds. Share this article BNB Chain has completed the first batch of its $45 million Reload Airdrop, a community initiative launched in collaboration with Four Meme to reward builders, traders, and creators active in the ecosystem. The Reload Airdrop will be distributed across four total batches, with each recipient list published publicly for transparency. Partners including PancakeSwap, Binance Wallet, and Trust Wallet are supporting the distribution,…

HyperLiquid Whale Loads Up Almost $500 Million On New BTC Short

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The Hyperliquid whale that banked $192 million shorting the recent market crash has doubled down on their new short position, having now loaded up almost half a billion over the past two days. According to data from Hyperliquid block explorer Hypurrscan, the whale now has a short position worth around $496 million, at 10x leverage and a Bitcoin (BTC) liquidation price of $124,270. Mysterious whale doubling down on their Bitcoin short. Source: Hypurrscan The whale has more than doubled their bet since yesterday, after initially opening the position with $163…

Roger Ver reaches tentative $48 million tax fraud settlement with DOJ

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Key Takeaways Roger Ver, known as “Bitcoin Jesus,” agreed to a tentative $48 million settlement with the DOJ over unpaid crypto taxes. The deferred-prosecution deal would drop charges if he complies, marking a shift in U.S. enforcement under the Trump administration. Share this article Roger Ver, an early Bitcoin advocate, has reached a tentative deferred-prosecution agreement with the U.S. Department of Justice to settle fraud and tax evasion charges, agreeing to pay roughly $48 million in restitution, according to The New York Times. The case, filed in 2024, accused Ver…

MetaMask to distribute $30 million in LINEA token rewards

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Key Takeaways MetaMask introduces an onchain rewards program with $30 million in LINEA token incentives to strengthen community engagement. MetaMask has not yet disclosed eligibility details. Share this article MetaMask, a crypto wallet provider, announced an upcoming onchain rewards program that will distribute over $30 million in LINEA token incentives during its first season. The wallet has continued expanding beyond basic wallet transactions, integrating features such as swaps, staking, and portfolio management. The company has also made it easier for users to claim eligible tokens directly within the MetaMask Portfolio…

Can Bitcoin’s hard cap of 21 million be changed?

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What is a hard cap? A hard cap is the maximum supply of a cryptocurrency that can ever exist. It’s hardcoded into the blockchain’s code and sets a strict limit on how many tokens or coins can be created. This limit promotes scarcity, which can help boost the value of each token over time. Take Bitcoin (BTC), for example. Its creator, Satoshi Nakamoto, set a hard cap of 21 million coins. No matter how much demand there is or how many miners try to produce new Bitcoin, the supply will…