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Phoenix Group Reports 236% Revenue Surge, Hits $107M Amid Global Crypto Mining Expansion
Phoenix Group Reports 236% Revenue Surge, Hits $107M Amid Global Crypto Mining Expansion

Abu Dhabi's Phoenix Group saw a 236% revenue surge, reaching $107M in 2024, fueled by global expansion and strategic diversification in digital assets.

CryptoNews·2025/02/12 18:33
The Daily: Trump to tap a16z's Brian Quintenz for CFTC chief, Elon Musk-related memecoin dumps and more
The Daily: Trump to tap a16z's Brian Quintenz for CFTC chief, Elon Musk-related memecoin dumps and more

President Trump plans to nominate Brian Quintenz, head of global policy at venture capital firm a16z crypto, to chair the Commodity Futures Trading Commission, Bloomberg reported, citing a document sent by the White House to Capitol Hill.Elon Musk’s latest profile change on X to “Harry Bōlz” triggered another memecoin pump-and-dump frenzy.

The Block·2025/02/12 18:22
Flash
  • 02:14
    Whale Swaps ETH Back to WBTC After “Switching WBTC for ETH in May,” Earning Approximately $1.364 Million in Profit
    Odaily Planet Daily reported that, according to on-chain analyst Ai (@ai_9684xtpa), the whale who swapped WBTC for ETH in May has now exchanged back to WBTC. As ETH rose by 48.7% (from $2,527 to $3,759), the whale received 11.64 more WBTC in the swap, earning a profit of approximately $1.364 million.
  • 02:08
    Sui Announces Integration with NEAR Intents, Introducing Lightning-Fast Cross-Chain Swaps to the Ecosystem
    Sui has announced its integration with NEAR Intents, a solution built on the NEAR blockchain. This integration allows Sui users to bypass the traditional, complex smart contract processes. Instead, users simply express their intent, and a "solver" automatically routes and executes the request via the optimal path, enabling seamless interaction with 20 blockchains and over 80 assets for fast and simple cross-chain swaps. Users can now directly swap assets from other chains—such as NEAR, BTC, ETH, SOL, XRP, DOGE, and ZEC—into the Sui ecosystem without relying on bridges or intermediary tools. The integration is now live and available for use. Developers can immediately integrate NEAR Intents into Sui applications to enhance functionality and expand user reach. In the coming weeks, more native Sui assets will be supported, further expanding its application value. The integration of Sui and NEAR Intents will enhance interoperability within the Sui ecosystem, further fueling its growth flywheel, especially at this critical juncture of rapid Sui DeFi development. As of now, Sui’s TVL has surpassed $2.2 billion, ranking 8th among all blockchains. In the past 30 days, Sui DEX trading volume exceeded $8.1 billion, also ranking 8th. Meanwhile, the market cap of Sui stablecoins surpassed $1 billion in June, marking a growth of over 180% since the beginning of the year.
  • 01:58
    A Whale Spends 60.5 ETH to Purchase Chromie Squiggle from the Art Blocks Curated NFT Collection
    Odaily Planet Daily News According to Onchain Lens monitoring, the whale who previously spent 2,082 ETH to purchase 45 CryptoPunks has now spent 60.5 ETH to acquire a piece from the Art Blocks Curated NFT series, Chromie Squiggle, valued at approximately $227,000.
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