Forkast.News is now Forkast Labs

Sam Bankman-Fried sentenced to 25 years in prison

Bankman-Fried plans to appeal the conviction and sentence.

Ethereum reclaims NFT throne with US$17.02 mln in daily sales

Ethereum tops daily NFT sales, Bitcoin and Solana see mixed results, with notable changes in wash sales.

DeFi group, apparel company sue SEC over crypto token classification

The DeFi Education Fund and Beba challenge the SEC to clarify the status of their $BEBA token as non-security.

Bitcoin leads NFTs with a 46% sales bump

Bitcoin’s NFT sales see a slight increase, outperforming Ethereum and Solana in daily transactions.

Solana’s Froganas, Howdy Hats, lead NFT sales

Two of Solana’s up and coming collections lead the NFT market’s daily performance.

Bitcoin breaks US$70,000 amidst market optimism

Bitcoin surpasses US$70,000 after 9 days below the mark.

Yield Guild Games expands on Ronin with token launch

Yield Guild Games (YGG) has launched its token on the Ronin network, aiming to attract more gamers to its Web3 ecosystem.

BAYC leads NFT sales as CryptoPunks cool down after historic sale

BAYC tops daily sales with US$1.45 million.

BlackRock launches BUIDL fund for digital yield

BlackRock’s new blockchain fund, BUIDL, offers USD yields through tokenization, in partnership with Coinbase.

Ethereum leads NFT sales with over $32 million in 24 hours

Ethereum tops the NFT market thanks to a historic CryptoPunk sale.

Bitcoin’s Ordinals top NFT collection rankings with US$3.4 mln in sales

Top NFT collection sees slight dip in sales but increase in transactions over 24 hours.

Ethereum leads with US$12.47 Million in NFT sales

Ethereum tops NFT sales in the last 24 hours, with Bitcoin and Solana following despite market fluctuations.

Bitcoin NFTs continue to dominate the market with a 74% sales bump

Bitcoin leads the NFT market with a significant sales increase, outperforming Ethereum, Solana, and BNB

PancakeSwap sets eyes on v4 launch

New PancakeSwap upgrade introduces hooks, lower gas costs, and custom pools, aiming to enhance DeFi trading experience.

Senators urge SEC to halt crypto ETF approvals amid concerns

U.S. Senators Jack Reed and Laphonza Butler have expressed concerns over the approval of crypto ETFs beyond Bitcoin.

North Korea’s Lazarus allegedly launders US$12 mln via Tornado Cash

Lazarus Group, linked to North Korea, has resumed laundering stolen funds using Tornado Cash, a crypto mixer sanctioned by the U.S.

UK court rules against Craig Wright’s Satoshi Nakamoto claim

Craig Wright is not Bitcoin’s creator, Satoshi Nakamoto, accourding to the High Court’s ruling.

Terraform Labs retains Dentons as legal counsel amid bankruptcy

Bankrupt Terraform Labs secures court approval to hire Dentons for legal representation, despite SEC objections.

MakerDAO to launch ‘Endgame’ phase with new tokens this summer

MakerDAO’s Endgame plan introduces new tokens and features to enhance user engagement and target mass adoption.

MetalCore game secures US$5 mln for development

Studio 369’s blockchain-based game MetalCore receives fresh funding to enhance AI-driven features and ecosystem.

Ex-Binance CEO’s passport confiscated ahead of sentencing

Changpeng Zhao must surrender Canadian passport and stay in the U.S. as part of revised bail conditions.

Bitcoin ETFs hit record inflows, propel BTC to new highs

Bitcoin ETFs have seen unprecedented inflows, with a single-day record of over US$1 billion, as the cryptocurrency maintains record high prices.

Ethereum ETF approval odds drop as SEC remains silent

Analysts lower expectations for a spot Ethereum ETF approval by May.

Bitcoin extends ATH run, breaks US$72,000

Bitcoin trades above US$72,000 for the first time in its history.

Hong Kong central bank unveils Project Ensemble for tokenization

The Hong Kong Monetary Authority launches a wholesale CBDC project to support tokenized asset transactions and financial innovation.

SEC Chair Gensler remains silent on Ethereum’s status amid ETF reviews

Gary Gensler, SEC Chair, avoids commenting on Ethereum’s security status as the agency reviews spot ETF applications.

SEC commissioners criticize unclear crypto enforcement after ShapeShift settlement

Two SEC commissioners express concerns over the agency’s ambiguous approach to cryptocurrency regulation following a recent settlement with ShapeShift.

BlackRock leads Bitcoin ETFs with record inflows

Bitcoin investment vehicles, including ETFs, now manage over 1 million BTC, with BlackRock’s ETF seeing a record $788 million in inflows as Bitcoin hits a new all-time high.

SEC presses court over Binance.US compliance issues

The SEC alleges Binance.US has not fully complied with information requests regarding customer assets.

Rare CryptoPunk NFT sells for US$16 mln, signaling market revival

A CryptoPunk NFT, known for its rarity, fetches over $16 million in a landmark sale, hinting at a resurgence in the digital collectibles market.

Bitcoin falls after setting new all-time high

Record trading volumes in Bitcoin ETFs reflect growing investor interest and market confidence.

FTX cautions against unauthorized asset sales

FTX warns public about unauthorized parties soliciting bids for its digital assets, reaffirming Galaxy Asset Management’s exclusive role.

Bitcoin gets closer to all-time high, breaks US$67,000 barrier

Bitcoin approaches its record peak, signaling strong investor confidence in the cryptocurrency market.

SEC’s Hester Peirce calls for clear crypto regulation

SEC Commissioner Hester Peirce urges for sensible crypto regulation to support innovation and protect U.S. industry interests.

Robinhood integrates with Arbitrum for efficient crypto swaps

The trading app Robinhood has partnered with Ethereum scaling solution Arbitrum to offer token swaps in its self-custody wallet.

SEC scrutinizes Terraform Labs’ US$166 mln legal retainer

The financial watchdog contends the payment may be intended to avoid future judgments and should instead aid investors and creditors.

FTX founder seeks reduced sentence of under 6.5 years

Sam Bankman-Fried’s legal team argues for a lighter prison term, criticizing the 100-year recommendation as excessive.

HTX resubmits Hong Kong crypto license application

After a brief withdrawal, HTX reapplies for a Hong Kong crypto trading license.

China warns of counterfeit digital yuan app scam

The Chinese government alerts citizens to a fraudulent app imitating the official digital yuan platform.

Wright submits 164,000 pages in an attempt to prove he’s Satoshi

Craig Wright’s claim as Bitcoin creator faces scrutiny in court with new evidence and testimonies.

UK moves to classify cryptocurrencies as property

The UK Law Commission proposes a new legal framework to recognize cryptocurrencies as property, aiming to provide clarity and protection for digital assets.

StarkWare revises STRK token unlock plan after community backlash

Following criticism, StarkWare adjusts its STRK token release schedule to ensure a more gradual release over the coming years.

Yuga Labs sees leadership shift and NFT sales surge

Greg Solano’s return as Yuga Labs CEO spurs a significant increase in Bored Ape Yacht Club NFT prices.

Do Kwon to face US extradition for Terra collapse charges

Montenegro court approves extradition of Terraform Labs’ Do Kwon to the US, where he faces fraud charges.

Circle ends USDC support on TRON network

USDC halts TRON support, aligning with Circle’s IPO plans.

Animoca brings 3 crypto wallets onto its Mocaverse network

Animoca Brands announces partnerships with OKX Wallet, Crypto.com DeFi Wallet, and Halo Wallet, elevating the user experience in the Mocaverse network.

Aptos joins the Web3 phone business after Solana’s success

New cryptophone by Aptos and Jambo priced at US$99 targets customers in Africa, Southeast Asia and Latin America.

US Treasury: crypto’s role in Hamas funding minor

“Terrorists” still prefer to use traditional finance products, according to U.S. Treasury’s Brian Nelson.

Revolut to list Bonk alongside US$1.2 mln learning campaign: report

Bonk will join Ethereum-based memecoins such as Dogecoin and Shiba Inu on the platform.

DN404, a new hybrid NFT standard challenges ERC-404

The NFT landscape evolves with DN404, a fresh rival to the ERC-404 standard.

ERC-404 frenzy drives Ethereum gas to eight-month peak

The rise of ERC-404 tokens brings a new dimension to the Ethereum blockchain, blending the characteristics of ERC-20 and ERC-721 tokens.

First ERC-404 passes US$32,000

ERC-404 is a new Ethereum token standard for semi-fungible tokens.

Montenegro court overturns extradition of Terra founder Do Kwon

International tug of war over Kwon’s fate takes a new turn with Montenegro court’s reversal on extradition.

Jack Dorsey’s BlueSky now open for all

BlueSky, the decentralized social media platform by Jack Dorsey, opens its doors to the public.

South Korean crypto criminals to face life sentence

Crypto criminals with more than US$3.76 billion in profits may face life in South Korea.

Unlicensed crypto exchanges face shutdown in Hong Kong

Only two exchanges are licensed to provide crypto trading services to Hong Kong’s retail sector so far.

Tether, Solana’s Yakovenko back Oobit with US$25 mln funding

Industry giants Tether and Yakovenko invest in Oobit’s $25M funding round.

Yuga Labs’ payout from Ripps and Cahen raised to nearly US$9 mln

Ryder Ripps and Jeremy Cahen must pay almost US$7 million in Yuga Labs’ attorneys’ fees, court documents show.

Genesis proposes US$1.6 bln asset sale amid bankruptcy

Genesis, in bankruptcy, seeks court approval to sell Bitcoin and Ether trust assets worth US$1.6 billion.

OPNX exchange to cease operations

OPNX, founded by Su Zhu, ceases operations due to FTX estate’s recovery claims.

US charges trio in FTX crypto exchange hack

The mystery of the FTX hack unfolds as the DOJ charges three unnamed suspects for the US$400 million theft in November 2022.

Bybit eyes Hong Kong license: crypto expansion plans

Crypto derivatives exchange Bybit seeks to enter Hong Kong’s market with a new license application.

Celsius Network’s US$3 bln repayment begins

Celsius Network starts repaying $3 billion to creditors, marking a step towards resolving its bankruptcy.

USDT issuer Tether pockets US$2.85 bln in profits in Q4 2023

Tether reports a record US$2.85 billion profit last quarter as its USDT soars towards US$100 billion market cap

BNB Chain highlights DeFi, gaming and AI in 2024 roadmap

The “One BNB Paradigm” aims to streamline BNB Chain’s ecosystem, focusing on DeFi, gaming, and AI.

OpenSea open for acquisition amid NFT market shifts: report

Non-fungible tokens (NFT) marketplace OpenSea is reportedly considering acquisition proposals. According to DL News, OpenSea Chief Executive Officer Devin Finzer said the firm has not ruled out the possibility of selling the company, and indicated a willingness to engage with interested parties.  ”We think that if the right partnership comes along, then that’s something we […]

Transak streamlines crypto conversions with Visa Direct integration

Transak integrates with Visa Direct to simplify crypto-to-fiat transactions globally.

Solana-based GameStop meme coin gains traction after retailer pulls plug on crypto

A GME-themed meme coin, not affiliated with the video game retailer GameStop, is replicating the company’s meme stock frenzy on the Solana blockchain.

Investors lost 54.3% less crypto in 2023, Chainalysis says

The total value of stolen crypto decreased last year but the number of individual hacking incidents grew.

JPMorgan downgrades Coinbase to underweight

Analysts at JPMorgan slash Coinbase rating to underweight, questioning ETF impact.

Mt. Gox confirms addresses for BTC repayment plan

Long-awaited Bitcoin repayments closer as Mt. Gox confirms creditor addresses.

Terraform Labs Seeks U.S. bankruptcy shield

Do Kwon-founded Terraform Labs files for Chapter 11 bankruptcy in the U.S.