Cryptocurrency News
Following the recent milestone of Bitcoin Spot ETF approval, altcoins are displaying notable divergence in market dynamics: Ethereum Name Service (ENS) has witnessed an impressive surge, marking a remarkable 163% gain in the last month. ENS, propelled by positive remarks from Ethereum founder Vitalik Buterin, reached a peak of $27 […]
TrueUSD (TUSD) experienced a significant depreciation, dropping to as low as 97 cents, triggered by reports of traders liquidating over $300 million worth of the stablecoin, according to data from Binance. Binance’s announcement on January 15 about farming $MANTA by staking $BNB and $FDUSD, excluding $TUSD, played a pivotal role […]
As of the latest data, the XRP Ledger, Ethereum, and Bitcoin are all witnessing profit levels above 80%, a scenario not seen since March ’22. The current supply in profit for Bitcoin stands at 83%, Ethereum at 84%, and XRPLedger at 81%. Historically, these levels are considered high-risk profit zones, […]
Recent on-chain data from CryptoQuant indicates a notable uptick in selling activity among Bitcoin miners. Over the last 24 hours, miners have reportedly sold nearly 10,600 BTC, equivalent to approximately $455.8 million. Simultaneously, the Bitcoin network has experienced a 34% decrease in hashrate since last Friday, dropping from a peak […]
Socket, a protocol in the decentralized finance (DeFi) space, recently encountered a security incident that led to a loss of approximately $3.3 million. The vulnerability stemmed from a call injection attack on the Socket protocol, specifically impacting wallets with infinite approvals to Socket contracts. As a response, all affected contracts […]
Over the past 24 hours, both $LDO and $AAVE have experienced notable declines in their respective values, shedding 15% and 3%. The primary catalyst for these downturns appears to be substantial token sales by prominent holders, commonly known as whales. Insights from on-chain analytics platform Spotonchain unveiled a recent sizable […]
While Bitcoin’s price has been in a consolidation phase post ETF adoption, Ethereum is witnessing significant gains. Currently trading at $2,571, Ethereum’s market valuation has reached $308.97 billion, marking a 1.53% increase. According to Santiment data, Ethereum’s price dominance against Bitcoin has surged by +22.4% in the past week. This […]
The U.S. Bitcoin spot ETFs witnessed a staggering total trading volume of almost $10 billion within a span of three days, according to insights from Bloomberg analyst James Seyffart. Grayscale GBTC led the charts with a three-day trading volume of $5.174 billion, followed by BlackRock’s IBIT at $1.997 billion and […]
Blockchain networks Klaytn, backed by South Korea’s Kakao, and Finschia, developed by Japan’s LINE, have unveiled a merger proposal aimed at combining their technologies and user bases, potentially establishing the most extensive web3 ecosystem in Asia. The proposed merger between the leading blockchains in Japan and South Korea anticipates the […]
The world of decentralized finance (DeFi) is experiencing a surge in lending protocols, with Radiant Capital ($Rdnt) leading the pack with an impressive 188% surge in coin performance in 2024. Notably, $QI, $SILO, and $WELL are following closely, each experiencing over 100% growth. Among lending protocols in the DeFi space, […]
Polygon, a prominent blockchain network, is under scrutiny for apparent discrepancies in its token distributions, raising concerns about potential collaboration with Binance, as reported by intelligence organization ChainArgos. ChainArgos conducted research revealing disparities between Polygon’s stated objectives for token distribution and the actual movement of tokens. The primary focus of […]
In recent times, the price of Blur Token ($BLUR) has been consistently shaped by positive market conditions, and today is no exception. The bullish trajectory of Blur Token is evident over the past few months, showcasing impressive performance metrics. Over the last 90 days, $BLUR has surged by an astonishing […]
Since the introduction of the Bitcoin ETF last week, Bitcoin’s price has shown modest performance, hovering around the $42,000 mark. Despite a spike to $48,000 during the ETF certification process, significant selling pressure has emerged in the aftermath. Reports from Santiment reveal that prominent Bitcoin wallets are swiftly liquidating older […]
This weekend brings an interesting twist to the crypto market, with a notable prevalence of short positions over longs in a specific group of cryptocurrencies. Notably, Axie Infinity ($AXS) and Bitcoin Cash ($BCH) defy the general trend, standing out as exceptions among traders who anticipate an imminent market bounce. In […]
$XAI, a pioneering Layer 3 blockchain designed specifically for gaming utilizing $ARB technology, has swiftly rebounded with a robust 42% surge, establishing itself as a standout performer in the burgeoning GameFi sector. The digital asset recently achieved a new all-time high (ATH) after experiencing a dip post-airdrop on January 9, […]
Chainlink (LINK) is demonstrating potential signs of a revival, overcoming recent challenges in the market. Over the weekend, LINK experienced a noteworthy breakthrough, reaching $15.82 for the first time in two weeks. A particularly significant aspect of this resurgence is the fact that exchanges now hold less than 15% of […]
In the last month, Maker (MKR), the governance token linked to MakerDAO and the Maker Protocol, has seen an impressive 70% surge in its price. A recent analysis by LookOnChain, a prominent on-chain expert, suggests that during this period, significant crypto whales have been actively accumulating MKR. The report highlights […]
The recent rollercoaster ride in Bitcoin’s price has left the cryptocurrency community on edge. Despite optimistic expectations following the SEC’s approval of Bitcoin ETFs, the reality has proven different. Bitcoin’s dip below $43,000 has positioned it slightly under a crucial on-chain level, triggering concerns within the market. Notably, 2.68 million […]