Articles for category: Crypto

October 7, 2025

viralnado

S&P Global Unveils New Index Tapping into the Cryptocurrency and Digital Asset Market

S&P Global (NYSE: SPGI) is stepping deeper into the world of digital assets with the introduction of a groundbreaking index aimed at tracking both cryptocurrencies and publicly traded companies linked to the crypto sector. Announced on October 7, the S&P Digital Markets 50 Index will feature a blend of 35 publicly traded firms and 15 prominent cryptocurrencies, offering a comprehensive view of the evolving digital landscape. This innovative benchmark was crafted through a collaboration between S&P Dow Jones Indices and Dinari, a firm renowned for its expertise in tokenized U.S. securities, which currently boasts a total value locked (TVL) of

October 7, 2025

viralnado

CleanCore Expands DOGE Holdings, Reaching Over 710 Million Tokens

In an adventurous stride towards its ambitious target, CleanCore Solutions (ticker: ZONE) has announced that its treasury now boasts over 710 million Dogecoin (DOGE) tokens. This remarkable accumulation, revealed in a press release on Tuesday, translates to an unrealized gain of more than $20 million. Since launching just a month ago, CleanCore’s initiative aims to amass a total of 1 billion DOGE tokens and is gaining traction rapidly. The endeavor is supported by the Dogecoin Foundation and is managed through the corporate umbrella of the House of Doge. The company has been methodically increasing its DOGE reserves in phased purchases,

October 7, 2025

viralnado

Rezolve AI Strengthens Digital Payments Ecosystem with Smartpay Acquisition

In a significant move within the fintech landscape, Rezolve AI, a publicly traded commerce platform, has completed the acquisition of Smartpay, a prominent fintech infrastructure provider specializing in stablecoin payments. This deal, announced on Tuesday, signifies a pivotal shift toward integrating digital assets with AI-enhanced e-commerce solutions, although specific financial terms remain undisclosed. Founded in 2019, Smartpay has established itself as a leader in facilitating stablecoin-based transactions, processing over 19 million commercial payments valued at over $1 billion in USDt (Tether’s US Dollar-pegged stablecoin) in just the last year. Operating mainly in Latin America and Central Africa, Smartpay enables consumers

October 7, 2025

viralnado

Solana Surpasses $2.85B in Annual Revenue, Solidifying Its Claim as a Major Player in Crypto

Solana’s blockchain network is demonstrating remarkable resilience and growth, as recent research reveals it generated approximately $2.85 billion in annual revenue from October 2024 through September 2025. This impressive figure positions Solana alongside established technology companies like Palantir and Robinhood, marking its emergence as one of the fastest-growing economies in the cryptocurrency space. According to Matt Mena, a crypto research strategist at 21Shares, the revenue figures were disclosed in a blog post published recently, emphasizing the network’s ability to thrive, even as the speculative frenzy surrounding memecoins has begun to dissipate. Mena characterized the financial performance of Solana as “remarkably

October 7, 2025

viralnado

The Rise and Fall of James Wynn: A Cautionary Tale of Leveraged Trading

In the high-stakes world of cryptocurrency trading, few stories resonate quite like that of James Wynn. A pseudonymous trader who gained fame between 2022 and 2023, Wynn’s journey exemplifies both the exhilarating highs and perilous lows that come with high-leverage trading strategies, particularly within the memecoin sector. Wynn first garnered attention for his savvy investments in memecoins, notably Pepe (PEPE). His strategic entry into the market in 2023 with an initial investment of roughly $7,000, during a time when PEPE’s market cap stood below $600,000, resulted in staggering profits. By mid-2025, the token’s market valuation had skyrocketed to around $10

October 7, 2025

viralnado

Japan Emerges as an Unexpected Contender in Asia’s Crypto Landscape

In the world of cryptocurrency, Asia has long been characterized by a rivalry between two major hubs: Singapore and Hong Kong. However, recent developments suggest that Japan, once considered an overly regulated market, is on the verge of reclaiming its position as a key player in the Asian crypto scene. During the recent Token2049 event, discussions shifted from the established competition between Singapore and Hong Kong to a newfound interest in Japan’s evolving regulatory framework. No longer viewed merely as a relic of the crypto boom and bust earlier in the decade, Japan is being recognized for its credible trading

October 7, 2025

viralnado

Senator Lummis Signals US Strategic Bitcoin Reserve Acquisition Could Begin Soon

Crypto advocate and U.S. Senator Cynthia Lummis has recently stated that the procurement of funds for the United States Strategic Bitcoin Reserve (SBR) is poised to commence “anytime,” although complications on the legislative front are currently delaying progress. In a post on social media platform X, dated Monday, Lummis highlighted the prevailing bureaucratic challenges but expressed optimism about the potential for the SBR to move forward. She referenced a statement made by former President Trump, suggesting that his previous actions are enabling the opening of funding opportunities for the SBR without significant roadblocks. Her comments were in reaction to a

October 6, 2025

viralnado

Grayscale Introduces Staking Options for Ethereum and Solana Crypto ETPs

Grayscale, a leading investment management firm in the cryptocurrency space, has announced the launch of staking features for its Ethereum and Solana exchange-traded products (ETPs) as of October 6, 2023. This move positions these ETPs as the first U.S.-listed spot crypto offerings to incorporate staking. Investors can now stake Ether through the Grayscale Ethereum Trust (ETHE) and the Grayscale Ethereum Mini Trust (ETH). Additionally, the Grayscale Solana Trust (GSOL) has activated staking for Solana (SOL). According to data from SoSoValue, ETHE currently boasts approximately $4.82 billion in assets, while ETH holds over $3 billion. A notable detail is that neither

October 6, 2025

viralnado

Bitcoin Hits New Highs as October Rally Ignites Altcoin Surge

As October progresses, aptly dubbed “Uptober” in the crypto community, Bitcoin (BTC) is pushing towards unprecedented heights. The leading cryptocurrency soared to an impressive $126,223 during U.S. trading hours, marking a significant leap from just above $125,000 earlier in the week. Currently, BTC is trading around $125,200, reflecting a 1.5% increase over the past 24 hours. The recent rise in Bitcoin’s value can be attributed to several macroeconomic factors contributing to a favorable environment for digital assets. Notably, the decline of the U.S. dollar has played a crucial role, allowing Bitcoin to break past its January highs when valued in

October 6, 2025

viralnado

Polygon Proposes Overhaul of POL Tokenomics to Combat Inflation and Introduce Buybacks

A transformative proposal aimed at revamping Polygon’s tokenomics is making waves within its governance forum and social media channels. This initiative comes in response to investor concerns regarding the underwhelming performance of the POL token compared to the broader cryptocurrency market. Authored by activist investor Venturefounder, the proposal outlines significant changes to Polygon’s supply model, specifically targeting the existing 2% annual inflation rate of POL. It advocates for the implementation of a buyback or burn program funded by the treasury to alleviate ongoing selling pressure on the token. Venturefounder emphasized that these adjustments are intended to recalibrate POL’s supply dynamics