News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.





Various stories of post-2000s cryptocurrency investors striking it rich have flooded social media, but here is the flip side of the story.

Phala Network ($PHA) could rally 701% after confirming a breakout, aiming for the $1.0201 level.What Makes the $1.0201 Target Significant?Can This Rally Sustain Itself?

The U.S. government just added $332K in ETH, raising total Ethereum holdings to $254M.Ethereum: A Strategic Asset in Government HandsEthereum: Not Just for Traders AnymoreA Signal to the Market?

The EU is fast-tracking digital euro plans, eyeing Ethereum or Solana instead of private networks, per Financial Times.Public Blockchains Take the LeadWhy Ethereum and Solana?What This Means for the Crypto Industry
- 23:20Hybrid crypto exchange GRVT completes $19 million Series A funding round, led by ZKsync and Further VenturesChainCatcher news, according to The Block, the hybrid decentralized exchange GRVT, based on Ethereum scaling layer ZKsync, has completed a $19 million Series A funding round, led by ZKsync and Further Ventures, with participation from EigenCloud and 500 Global. The new funds will help GRVT expand its product range, covering cross-exchange vaults, cross-chain interoperability, and plans to leverage EigenDA's programmable privacy features. GRVT combines the user experience and compliance of CEX with the self-custody features of DEX. Its mainnet Alpha version will launch on ZKsync at the end of 2024, and its trading categories have expanded from crypto perpetual contracts to spot and options. Currently, GRVT is applying for operating licenses in multiple regions and had already obtained a VASP license in Lithuania as early as 2023. Previously, GRVT had raised about $14.3 million through multiple funding rounds and raised $2.2 million through a private token sale in March 2024. GRVT plans to conduct its TGE in Q1 2026, with community rewards accounting for 20% of the total token supply.
- 23:15BTC falls below $117,000Jinse Finance reported that according to market data, BTC has fallen below $117,000 and is now quoted at $116,998.11. The 24-hour increase has narrowed to 0.26%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 23:00SoftBank plans to cut 20% of Vision Fund staff, reallocating resources to AI investmentsJinse Finance reported that, according to a memorandum, SoftBank will cut nearly 20% of its Vision Fund team globally in order to shift resources toward founder Masayoshi Son's large-scale artificial intelligence investments in the United States. This round of layoffs marks the third for the Japanese investment group's flagship fund since 2022. The Vision Fund's website shows that the fund currently has 44 employees. Unlike previous layoffs, which were due to massive losses, this round comes after the fund reported its strongest quarterly performance since June 2021 last month. This move indicates the fund is shifting away from a broad portfolio of startup investments. Sources said that while the fund will continue to make new investments, the remaining staff will devote more resources to Masayoshi Son's ambitious AI plans. It is reported that a spokesperson for the Vision Fund confirmed the layoffs but did not disclose details.