Live Feed

Red day for crypto, green day for miners

The crypto market experienced significant declines as the macroeconomic backdrop weakened, with BTC slipping 0.9%. The Balancer exploit contributed to negative sentiment, while BTC miners IREN and CIFR showed resilience by rallying after announcing substantial HPC deals. IREN saw its shares rise 11.5% due to a Microsoft deal, securing a five-year, $9.7 billion contract to provide AI infrastructure. Cipher's agreement for a 1GW Texas campus drove a 22% increase in its stock price. Solana's SOL token, however, demonstrated relative weakness, trading below recent lows with concerns regarding institutional purchases declining significantly in October. Despite substantial ETF inflows, Solana's revenue metrics showed troubling signs, falling to their lowest level since early 2024. The network performed well during market volatility, demonstrating improved operational efficiency but raised questions about its overall value capture. Market focus will now shift toward upcoming economic indicators, which may shape crypto's direction in the near future.

Source 🔗

MegaETH Revokes $1 Million Token Sale Allotment After Influencer Posts Trading Plans

Crypto influencer IcoBeast had their $1 million MegaETH token allocation revoked after publicly discussing plans to hedge their token holdings, breaching a rule regarding a one-year lockup period. MegaETH had conducted a public sale, granting tokens to selected participants based on their community activity. The revocation occurred after IcoBeast posted

MegaETH Revokes $1 Million Token Sale Allotment After Influencer Posts Trading Plans

Crypto influencer IcoBeast had their $1 million MegaETH token allocation revoked due to a social media post discussing plans to hedge their MEGA token holdings. This action violated the agreement of a one-year lockup period for the tokens, which was stipulated for sale participants. MegaETH's Chief Strategy Officer,

MegaETH Revokes $1 Million Token Sale Allotment After Influencer Posts Trading Plans

Crypto influencer IcoBeast had their $1 million MegaETH token allocation revoked on Sunday due to a social media post where they discussed plans to hedge their tokens, violating a one-year lockup agreement. The Ethereum layer-2 network had determined that participants could not express intentions to sell or hedge their tokens

Read next