Author: John Smith

Fetch.ai’s leadership has long argued that FET trades below its true potential. Now, they’re putting $50 million where their mouth is, launching a multi-exchange buyback as AI agent activity hits new highs. On June 19, Fetch.ai CEO Humayun Sheikh took to X to announce that that the Fetch Foundation will execute a $50 million buyback of Artificial Superintelligence Alliance (FET) tokens across multiple trading venues, framing the move as a direct response to FET’s perceived undervaluation. “I believe that $FET is undervalued,” Sheikh wrote in his post, adding that the buyback will proceed with the backing of market makers. Unlike…

Most of the crypto miners in Russia don’t comply with the regulations the country imposed on mining. Russia is taking steps to legalize and regulate crypto mining to bring it out of the informal economy. Still, most crypto miners in the country fall outside relevant regulation, authorities say. On Tuesday, June 19, the Finance Ministry revealed that just 30% of miners are registered with the relevant tax authorities. According to Deputy Finance Minister Ivan Chebeskov, registering crypto mining entities is still an ongoing process. The authorities aim to bring miners into the regulated economy, where they can be taxed and…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Avalanche aims for $45 as on-chain activity surges, while meme-powered Neo Pepe steals the spotlight with a breakout presale. Avalanche (AVAX) is currently experiencing significant upward momentum, aiming ambitiously toward the $45 mark, driven by an impressive surge in on-chain activity. Currently trading at $18.98, AVAX has observed a remarkable increase in daily transactions, surpassing 1.2 million, a notable 26% growth. Technical analysis indicates a likely breakout from its symmetrical triangle pattern, clearly establishing support levels at approximately $18–$19…

The cyberattack on Iranian crypto exchange Nobitex has gone from bad to worse, as hackers deliver yet another major blow. Gonjeshke Darande, the hacker group behind the breach on the Nobitex exchange, took to Twitter on Thursday to leak what they claim is the exchange’s full source code. “Time’s up — full source code linked below. ASSETS LEFT IN NOBITEX ARE NOW ENTIRELY OUT IN THE OPEN,” the hackers wrote. In the following eight-part thread, the group leaked sensitive information about the exchange’s infrastructure, including server layouts, privacy tools, deployment systems, and more. Time’s up – full source code linked…

X, formerly Twitter, is looking to enhance its “super app” credentials with the rollout of in-app investment and trading features. According to a report by the Financial Times, the social media platform, which has gained significant traction since Elon Musk acquired it in October 2022, is eyeing the new functionality as part of a broader plan to evolve into an all-in-one financial app. Musk’s Tesla was among the first major companies to buy Bitcoin (BTC) and his crypto-related posts have included nods to some of the market’s top memecoins. Musk’s plans for X X has increasingly become a top platform…

For wealthy clients tired of letting Bitcoin sit dormant, Arab Bank Switzerland has a solution: an actively managed yield product built on XBTO’s institutional-grade strategy. According to a press release shared with crypto.news on June 19, XBTO has partnered with Arab Bank Switzerland to roll out a new Bitcoin (BTC) yield product, marking one of the first instances of a traditional Swiss private bank offering such a service directly to clients. The product, designed for high-net-worth individuals seeking yield on idle Bitcoin, combines the bank’s established digital asset infrastructure with XBTO’s proprietary “Diamond Hands” strategy, an options-based approach aimed at…

Raydium’s token rose by over 12% on Thursday, June 19 as its active users and market share in the decentralized exchange industry retreated. Raydium (RAY) price rose to an intraday high of $2.7040, up 40% from its lowest level this week. It then pared back those gains to trade at $2.30, giving it a market capitalization of $598 million. Third-party data shows that Raydium’s platform is under pressure. Data compiled by Artemis shows that Raydium has over 838,000 active transacting users, a figure that has dropped for six consecutive months. It is down 81% from its December level of over…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana and Dogecoin delivered 10,000% gains, now, Little Pepe, Sui, and Sei are showing early signs of similar explosive potential. Solana increased by more than 10,000%, rising from a small $1.50 to a substantial $158.93. Dogecoin went up from $0.004 to $0.74. The big question now is, where is the next 10,000% moonshot hiding?  While it may be challenging to replicate those explosive gains, three coins on the radar are showing similar early-stage momentum. And one of them, Little…

Nauru has become the first Pacific nation to establish a dedicated regulatory authority for virtual assets. The Pacific nation of Nauru passed legislation on June 17 to create the Command Ridge Virtual Asset Authority, an autonomous body that will oversee cryptocurrency, digital banking, and Web3-related services. Under the new law, the CRVAA will introduce a licensing regime for virtual asset service providers, allowing them to register and operate using Nauru as a legal base. Although cryptocurrencies were already legal in Nauru, trading until now existed in a largely unregulated environment, with no specific oversight, licensing requirements, or regulatory framework in…

Aerodrome Finance’s token continued its strong bullish momentum on Thursday, June 19, as network activity and market share surged. Aerodrome Finance (AERO) price rose to a high of $0.9660, its highest swing since February 4, and 235% above its lowest point in April. This surge has brought its fully diluted valuation to over $1.54 billion.  AERO’s breakout coincided with rising market share in the decentralized exchange sector. DeFi Llama data shows that Aerodrome is now the sixth-largest DEX by monthly volume, trailing only PancakeSwap, Uniswap, Raydium, Orca, and Pump. The protocol processed over $14.86 billion in trading volume over the…