StarLavinia News Blog

Mercado Bitcoin, Brazil’s leading cryptocurrency exchange, has officially integrated INJ, the native token of the Injective blockchain, into its platform. This integration was announced on December 24, 2024, aiming to provide over 3 million Mercado Bitcoin users direct access to the Injective ecosystem. The partnership allows for the trading of INJ against Brazilian Real (BRL), facilitating a seamless entry into the decentralized finance (DeFi) world for users in Brazil. This step is significant as it marks the integration of INJ into one of Latin America’s oldest and most established exchanges, enhancing the token’s liquidity and accessibility. Injective, known for its

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Tron founder Justin Sun has publicly refuted claims suggesting he was selling off his Ethereum holdings. Amidst speculation that could have influenced market sentiment, Sun clarified via his X posts that the movements of Ethereum (ETH) from his wallets were merely transfers and not sales, thereby denying any involvement in a selloff. This statement comes at a time when Ethereum’s price has shown signs of recovery, bouncing back by 2% above $3,400 and showing potential for a rally towards the $4,000 mark. Sun emphasized his long-term bullish stance on the Ethereum ecosystem, stating, “The rumors circulating online about us liquidating

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PancakeSwap, one of the leading decentralized exchanges (DEXs) in the cryptocurrency space, has recorded a monumental year in 2024, with trading volume reaching an unprecedented $310 billion, marking a 179% increase from the previous year. This surge in volume underscores the platform’s significant growth and increased user engagement within the decentralized finance (DeFi) sector. The remarkable growth of PancakeSwap can be attributed to several factors, including the expansion of layer-2 networks like Arbitrum and Base, which saw volume increases of 3,656% and 3,539% year-over-year, respectively. Additionally, the platform’s focus on user experience enhancements, such as the introduction of PancakeSwapX on

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Rumble’s CEO, Chris Pavlovski, has announced plans to introduce a Bitcoin tipping feature for content creators on the platform, following a substantial $775 million strategic partnership with Tether. This news was shared in a tweet by Pavlovski, who envisioned users being able to tip their favorite creators directly with Bitcoin (BTC) or Tether’s USDT stablecoin. The partnership with Tether, announced on December 20, 2024, involves Tether investing in Rumble by purchasing 103.3 million shares at $7.50 each. This deal not only aims to support Rumble’s growth initiatives with $250 million but also includes a tender offer for up to 70

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In a significant development for the Shiba Inu (SHIB) ecosystem, on-chain data reveals a massive 7,140% spike in the daily netflow of SHIB to large holders, or “whales,” accounting for an influx of 799.32 billion tokens. This surge comes at a time when SHIB is testing a critical support level at $0.00002, suggesting that large investors are actively accumulating the meme coin amidst market volatility. This notable increase in whale activity was observed on December 24, 2024, as SHIB experienced a price retest of the $0.00002 level, a point that has been pivotal in previous market movements. The data, sourced

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Binance, the world’s largest cryptocurrency exchange, along with its former CEO Changpeng “CZ” Zhao, have filed motions in court to dismiss the lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC). The legal filings argue that the SEC has not met the necessary legal thresholds to justify its claims, particularly with regard to the nature of cryptocurrencies as securities. The SEC initiated legal action against Binance, Zhao, and related entities in June 2023, accusing them of violating securities laws through the operation of unregistered exchanges, brokers, and clearing agencies. The charges also included allegations of mishandling customer

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Crypto.com, a leading cryptocurrency platform, has officially launched its U.S. trust company, Crypto.com Custody Trust Company, on December 23, 2024. This new entity is designed to provide regulated custody services for digital assets to eligible institutions and high-net-worth clients in the United States and Canada. After securing a trust company charter, Crypto.com can now offer a secure environment for clients to store their digital assets. This move is part of Crypto.com’s strategy to expand its presence in two of the world’s most significant cryptocurrency markets. Kris Marszalek, co-founder and CEO of Crypto.com, stated that this launch is a “significant step”

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The Cosmos Network, known for its blockchain interoperability solution, has seen its developers transfer a significant amount of Bitcoin. On-chain data and analyst reports indicate that approximately 295.3 Bitcoins, valued at about $27.8 million, were moved by the Cosmos development team. This transfer marks the first large-scale movement of Bitcoin by the team in nearly two years. This action follows other notable transactions by the Cosmos developers in 2024, including a $10.16 million transfer of Ethereum (ETH) in November. The total value of Bitcoin and Ethereum sold or transferred by the team this year now stands at around $78.67 million.

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Independent Reserve, a prominent cryptocurrency exchange, has become the first platform in Singapore to list Ripple’s newly launched USD-backed stablecoin, RLUSD. This development was announced on December 23, 2024, marking a significant step for both Ripple and Independent Reserve in expanding the stablecoin’s reach in Asia. RLUSD, which was officially launched on December 17, 2024, is designed to maintain a constant value of one US dollar and is issued on both the XRP Ledger and Ethereum blockchains. It is fully backed by a reserve of cash and cash equivalents, including US dollar deposits and short-term US Treasury bills. The listing

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MicroStrategy, known for being one of the largest corporate holders of Bitcoin, has once again expanded its crypto reserves. The company announced on December 23, 2024, that it acquired an additional 5,262 Bitcoins (BTC) at an average price of $106,662 per BTC, totaling an investment of approximately $561 million. This latest purchase brings MicroStrategy’s total Bitcoin holdings to 444,262 BTC, which were acquired for about $27.7 billion at an average price of $62,257 per Bitcoin. This move marks the seventh consecutive week of Bitcoin acquisitions by MicroStrategy, funded by the sale of 1.32 million shares of the company, generating the

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