Saturday, December 6

Business

Hyperliquid Team Confirms 1.75M HYPE Tokens Unlocked Today

The team behind the Hyperliquid decentralized exchange (DEX) disclosed a 1.75 million HYPE token unlock for its developers and core contributors on Saturday, valued at over $60.4 million at the time of this writing.Saturday’s token unlock was previously announced and…

Nexus Avail Reimagines Blockchain Interoperability

The Avail Nexus mainnet launched this week, promising to radically rewire how assets move between blockchains. Instead of another bridging tool, Nexus wants to make multichain execution as seamless as tapping a button, sidestepping years of awkward crypto UX and…

Stablecoin Supply Boost Comes Despite Crypto Market Drawdown

Bitcoin (BTC) has retained a key bull signal despite the crypto market drawdown, new research says.Key points:Stablecoin supply trends stay positive for crypto market growth, new research shows.The ERC-20 stablecoin supply alone is at $185 billion.Binance users are storing stablecoin…

Ethereum ICO Whale Sells M Of 9,000x Gain, Top 1% Buy ETH

While some Ethereum OGs are cashing out, the top 1% richest Ether holders continue to quietly accumulate the world’s second-largest cryptocurrency, despite the market downturn.An Ethereum initial coin offering (ICO) participant sold another $60 million in Ether (ETH) on Wednesday…

Spot Bitcoin ETFs End Outflow Streak With  Million Inflows

Spot Bitcoin exchange-traded funds (ETFs) ended a bruising month of withdrawals with a modest turnaround, posting roughly $70 million in net inflows for the week. The reversal follows four straight weeks of heavy outflows that drained about $4.35 billion from…

ICAN inducts 2,000 new chartered accountants

THE Institute of Chartered Accountants of Nigeria on Wednesday welcomed over 2,000 new members in a grand induction ceremony at the ICAN Centre, Lagos, celebrating the next generation of the nation’s financial professionals. The atmosphere was charged with excitement and…

Bitcoin Forms Short-Term Bottom, 0,000 Rally in Sight

Bitcoin may be carving out a short-term bottom after weeks of heavy selling, with one market analyst arguing that conditions are in place for a relief rally toward the $100,000–$110,000 range.In a recent video, trader Mister Crypto said Bitcoin (BTC)’s…

NovaChill unveils cold storage system to curb food wastage

NovaChill in a new joint venture between Mystrose Agro Commodities Limited and the Ministry of Finance Incorporated, is rolling out a nationwide network of modern cold-chain warehouses. According to a statement to The PUNCH, the initiative is aimed at reducing…

Bitcoin Price Down 20%: November in Charts

November was a rocky month for crypto markets. Bitcoin’s price is down over 20%, shedding almost $2 trillion in market capitalization.Concerns over possible rate cuts at the US Federal Reserve and the potential for an imminent AI bubble burst have…

C’River approves loans for 500 small businesses

The Cross River State Government has approved 500 small business owners to access the SMEDAN–Sterling Bank single-digit interest loan facility, marking a major step in strengthening the state’s SME ecosystem. In a statement made available to PUNCH Online on Saturday,…

How batching could transform Tron

Transaction fees are a major concern when sending cryptocurrency. Each transaction incurs a fee that is received by the miner, and that translates to paying hefty amounts for large organizations that regularly deal with large transactions.Transaction batching is a method…

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