Monthly Archives: June 2024

[PRESS RELEASE – Dubai, UAE, June 30th, 2024] Sonic, the first atomic SVM chain enabling sovereign game economies on Solana, hit a significant milestone with its recently launched incentivized testnet “Odyssey,” reaching 100,000 connected wallets and over 17 million transactions in the buildup to a mainnet launch. Backed by Cypher Capital, a multi-strategy crypto investment

[PRESS RELEASE – Dubai, UAE, June 30th, 2024] PinEye launches an innovative platform that combines gaming entertainment with community-driven engagement and fosters a sense of belonging. By leveraging cryptocurrency rewards, it offers its users a unique opportunity for financial empowerment. It will develop in phases to arrive at its final goal of creating the biggest

Cryptoslam data indicates that the initially strong NFT market is now recording a downward momentum, having declined in critical metrics, including sales volumes, unique sellers, and buyers. The ongoing rough patch in Bitcoin markets has been blamed for the decline in NFT volume. NFT Volumes Downward Momentum According to data from Cryptoslam, the NFT market

Two men have been sentenced for manipulating the price of Hydrogen Technology’s cryptocurrency, HYDRO, and scheming to defraud investors. This case marks the first time a jury in a federal criminal trial has classified a cryptocurrency as a security and found that price manipulation of cryptocurrency constitutes securities fraud. $300M HYDRO Crypto Fraud Scheme Court

Losses from hacks and rug pulls in 2024 year-to-date amount to over $473 million across 108 incidents, according to Immunefi’s latest data. This marks a 20% decrease compared to the same period in 2023, which saw losses of more than $595 million. In May 2024, victims of hacks and fraud lost $52.4 million across 21

The first half of 2024 has ended, and on-chain experts have compiled data to determine the profitable sectors so far in the year. According to coverage from independent crypto reporter Colin Wu, memecoins became the most profitable sector in H1 2024, followed by Real World Assets (RWA) and Artificial Intelligence (AI). Memecoins Emerges as Most