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Polygon’s zero-knowledge chain, zkEVM, which was originally acquired through the $250 million purchase of Hermez in 2021, appears to have fallen flat. According to GrowThePie’s research lead, Lorenz Lehmann, Polygon zkEVM has seen little meaningful progress since its rebranding and is now operating at an annual loss of over $1 million. Lehmann claims development on
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On June 17, the Thai government approved in principle a tax exemption to promote the country as a Global Digital Asset Hub. Deputy Minister of Finance, Mr. Julapun Amornvivat, announced the measure, labelling it a move to increase investment, stimulate economic activity, and drive long-term growth. This tax adjustment will enhance the growth of Thailands
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Iranian cryptocurrency exchange Nobitex has suffered a security breach that led to the unauthorized transfer of approximately $48.65 million worth of crypto assets on the Tron network, according to on-chain sleuth ZachXBT. The exchange confirmed that a portion of its hot wallets and reporting infrastructure had been compromised. In an official statement, Nobitex said all
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This weekend saw significant headlines in crypto, including financial disclosures tied to a high-profile political figure, a new decentralized exchange announcement from a major platform, and a criminal case involving a social media trader. Here are the top stories that stood out over the past few days. Donald Trump reportedly earned more than $57 million
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Geopolitical uncertainty hurt risk assets last week, but digital assets showed notable resilience, pulling in capital alongside traditional safe havens like gold. Weekly inflows into digital asset products reached $1.9 billion, extending a nine-week positive trend. Altogether, inflows during this streak hit $12.9 billion, with year-to-date figures now at a record $13.2 billion. According to
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The case between Ripple Labs and the US Securities and Exchange Commission received a long-awaited updated on June 16th, as the institution submitted a status report, which more or less asks for an extension of a previous deadline. AsCryptoPotatoreported earlier this month, both parties managed to reach an agreement regarding the fine that Ripple has
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A golden cross on the daily Ethereum chart is approaching, signaling a long-term trend change and potential breakout.The last time this happened, ETH pumped 35% in a few weeks, observed entrepreneur Ted Pillows on X. A golden cross occurs when a faster-moving average crosses above a slower-moving one. In this case, the 50-day exponential moving
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Binance revealed that it has played a central role in dismantling Incognito Market, a notorious darknet drug marketplace that facilitated more than $100 million in illegal narcotics sales, according to US and Taiwanese law enforcement agencies. The takedown was part of a broader international investigation, codenamed Operation RapTor, which targeted the darknet platform’s operators and
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Strategy co-founder Michael Saylor met with Pakistani officials, including State Minister on Blockchain Bilal Bin Saqib and Finance Minister Muhammad Aurangzeb, according to a June 15 Dawn News report. Saylor praised Pakistans progressive approach to cryptocurrency adoption and urged the country to consider Bitcoin as a sovereign reserve asset for monetary resilience. Bitcoin is the
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