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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Crypto Czar: What Does David Sacks’ New White House Role Mean for the Market?
Crypto Czar: What Does David Sacks’ New White House Role Mean for the Market?

As Donald Trump prepares to take over the White House next year, expectation surrounding David Sacks’ role as US crypto czar grows.

BeInCrypto·2024/12/29 00:02
The Funding: Crypto VC Recap 2024
The Funding: Crypto VC Recap 2024

Quick Take This is an excerpt from the 18th edition of The Funding sent to our subscribers on Dec. 29. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

The Block·2024/12/28 16:00
Charles Hoskinson Urges Cardano Foundation to Embrace Community-Driven Governance
Charles Hoskinson Urges Cardano Foundation to Embrace Community-Driven Governance

Charles Hoskinson proposed Cardano Foundation transitions to a membership-based organization to empower users and address ecosystem challenges.

BeInCrypto·2024/12/28 14:00
Flash
  • 11:28
    Data: Yesterday Marked the Largest Crypto Short Liquidation Day in Four Years
    Odaily Planet Daily reported that CoinGlass data shows the crypto market experienced the largest short liquidation in four years yesterday. The current sharp market rally has triggered mass liquidations of short positions, making it the most severe day for short liquidations since 2020.
  • 11:06
    Coinsilium Approves Issuance of Up to 600 Million New Shares to Increase Bitcoin Holdings
    According to Jinse Finance, UK-listed company Coinsilium has received shareholder approval to issue up to 600 million new shares, enhancing its ability to expand its Bitcoin capital strategy through its Forza subsidiary. Since May, the company has raised £11.62 million and increased its BTC holdings from 5 BTC to 88.67 BTC. With this new flexibility, Coinsilium aims to accelerate acquisitions, partnerships, and financial growth in alignment with institutional interests.
  • 10:57
    SOON Foundation Launches Governance System and Plans to Permanently Burn 3% of SOON Tokens
    Odaily Planet Daily reports that the SOON Foundation has launched its governance system today, allowing SOON holders to participate in voting and decision-making. At the same time, the Foundation announced a proposal to permanently burn 30 million SOON tokens (accounting for 3% of the total supply) in response to recent market volatility. Of these, approximately 7.7 million unclaimed airdrop tokens will be burned first, while the remaining 22.3 million will be repurchased from centralized exchanges and then burned. In addition, the SOON Foundation will hold a community AMA next Wednesday to provide detailed information about the token buyback plan, and is currently developing an on-chain buyback product to further enhance on-chain liquidity.
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