Core introduces first Revenue-Sharing Model for Devs, Stablecoin Issuers

The Core Foundation, the organization behind the Core blockchain, is launching a new revenue-sharing mechanism for the Web3 industry intended to shake up how stablecoin issuers and developers raise funds. Rev+ claims to be the first protocol-level program that directly rewards developers, stablecoin issuers and decentralized autonomous organizations (DAOs) based on their created user value….

Ex-Wemade CEO Jang Hyun-guk Acquitted of WEMIX Manipulation Charges

A South Korean court acquitted Jang Hyun-guk, the former CEO of blockchain gaming firm Wemade, of manipulating the WEMIX crypto token’s circulation. On Tuesday, local news outlet News1 reported that the Seoul Southern District Court ruled Jang did not intend to influence crypto market prices using deceptive means.  This ruling cleared him of violating the…

Is Bitcoin Price About to Fill a $114K Bitcoin CME Futures Gap?

Key takeaways: High whale activity on Binance and profit-taking by long-term holders may increase selling pressure and volatility. Bitcoin may drop to fill the CME gap below $115,000. After starting the week with new all-time highs, Bitcoin (BTC) reverted to negative returns as its price dropped 5% to $116,850 on Tuesday. The price rejection occurred…

Bitcoin’s (BTC) Volatility Will Continue to Decline as Adoption Grows: Deutsche Bank

Bitcoin’s (BTC) volatility could continue to fall as mainstream acceptance grows and the cryptocurrency is adopted by companies, retail investors and governments, Deutsche Bank said in a research report on Tuesday. Excitement over upcoming legislation in the U.S. has spurred bitcoin’s recent rally, the german lender said, but it is notable that the crypto’s rise…

Satoshi-Era Whale Transfers $4.6B Bitcoin after 14-year HODL

A Satoshi-era Bitcoin whale has reawakened after 14 years of dormancy, potentially looking to sell more than $4 billion worth of BTC. The major cryptocurrency holder has 80,000 Bitcoin (BTC) in their stash. The whale transferred 40,010 BTC worth over $4.6 billion on Monday, of which 28,600 BTC were subsequently transferred to Galaxy Digital, data…

Ex-Wemade CEO Jang Hyun-guk Acquitted of WEMIX Manipulation Charges

A South Korean court acquitted Jang Hyun-guk, the former CEO of blockchain gaming firm Wemade, of manipulating the WEMIX crypto token’s circulation. On Tuesday, local news outlet News1 reported that the Seoul Southern District Court ruled Jang did not intend to influence crypto market prices using deceptive means.  This ruling cleared him of violating the…

Standard Chartered Launches Institutional Bitcoin and Ether Trading

Multinational bank Standard Chartered has launched a new trading service allowing institutions and corporations to trade major cryptocurrencies. Standard Chartered is rolling out spot trading for Bitcoin (BTC) and Ether (ETH) through its UK branch, the company said in a statement shared with Cointelegraph on Tuesday. Following the spot trading launch, the bank plans to…

Altcoins Chase New Highs After Bitcoin Hits $123,000

Key points: Bitcoin is facing profit booking near $123,000, pointing to a minor consolidation or correction in the near term. Several major altcoins have broken above their overhead resistance levels, indicating the start of a new uptrend. Bitcoin (BTC) started the new week on a strong note, rising above $123,000, but higher levels are witnessing…

LA Sheriff Deputies Admit To Helping Extort Crypto Victims

Two Los Angeles County Sheriff’s Department deputies have admitted to using their law enforcement powers to help their private security clients, including the jailed crypto extorter dubbed “The Godfather.” David Anthony Rodriguez struck a deal to plead guilty to one count of conspiracy against rights, while Christopher Michael Cadman made a deal to admit to…

Bitcoin Prepares For A Strong Rally To $138K

Key takeaways: Bitcoin closed its highest weekly candle at $119,310, then rallied on to $123,100. Short-term holder NAV premium at 16% signals moderate interest, well below FOMO levels. Spot Bitcoin ETFs have entered a strong buy regime following last week’s second-largest single-day inflow of $1.18 billion. Bitcoin (BTC) price posted its most significant weekly gain…