Gemfields Group Limited held a commercial-quality emerald auction from August 24 to September 10, 2026, generating $29.6 million in sales. The auction achieved a record average price of $9.72 per carat, up from $7.46 in the previous sale, despite selling fewer carats (3.05 million versus 3.41 million). All 44 lots were sold, marking a 100% sell-through rate, with 63 companies bidding, an increase from 55 previously. The emeralds come from Kagem, Gemfields' Zambian mine, with proceeds repatriated to Kagem and royalties paid to the Zambian government. This strong auction result reflects robust demand and intense buyer interest, signaling positive market conditions for Gemfields' emeralds.
Beefy, a DeFi yield aggregator, has discontinued its Sonic products, integrations, and validator services after the total value locked (TVL) on the Sonic network fell sharply from over $1 billion in May 2025 to below $100 million by December 2025. Th...
A Hyperliquid address identified as 0x344fef...af5d closed a long position of 376.137 Bitcoin, worth about $31.6 million. The position was closed at an average price of around $84,020 per BTC, close to Bitcoin's market price of $84,040 at the time. T...
The SUI token traded around $1.20 on October 7, showing resistance near $1.205 and fluctuating within a narrow range after recovering from about $0.64. Market momentum indicators were mixed, reflecting broader altcoin weakness with a 2% drop in total...
Binance has finalized the migration of Stargate Finance (STG) tokens into LayerZero (ZRO) at a conversion rate of 1 STG for 0.08634 ZRO. Users who held STG tokens on Binance have received ZRO tokens accordingly and can check their distribution record...
Abstract, a layer-2 Ethereum blockchain operated by Igloo Inc., will cease operations on December 15, 2026, after losing tens of millions of dollars over 18 months. Despite processing over 325 million transactions and partnering with brands like Disn...
