Cryptocurrency News
Cardano’s Network Value to Transactions (NVT) ratio has recently spiked to its highest level since June, signaling a concerning trend: on-chain activity has slowed relative to ADA’s price growth. This heightened NVT ratio is often viewed as a classic sign of overvaluation, and it’s particularly noteworthy in light of ADA’s […]
MasterCard’s CEO has announced Ripple’s anticipated replacement of SWIFT, with integration talks for the XRP Ledger (XRPL) already in progress. This development could fundamentally reshape the future of cross-border payments and amplify XRPL’s role in the global financial ecosystem. Amid these advancements, the CTF token—the leading DeFi token on the […]
According to data from L2Beat, Scroll’s Total Value Locked (TVL) has declined by 15.4% over the past week, now standing at $1.16 billion. This drop accompanies a steep price decrease for $SCR, Scroll’s native token, which has fallen below $0.80 since its Binance listing, down over 30% from its pre-market […]
The journey of WazirX, India’s top crypto exchange, took a dramatic turn on July 18, 2024, as hackers breached its multi-signature wallet, stealing around $235 million—nearly 45% of the platform’s reserves. Cyvers Alerts initially detected the intrusion, where the attackers exploited WazirX’s wallet, which required four out of six signatures […]
Bitcoin has soared past the $70,000 mark for the first time in over seven months, driven by robust spot ETF inflows totaling nearly $1 billion over the past week. The latest rally has ignited excitement not only in the crypto market but also in crypto-related equities, with companies like IREN, […]
As cryptocurrency integrates deeper into the financial mainstream, Ethereum (ETH) has evolved beyond a digital asset to a favored choice among institutional investors. Grayscale’s dominance in Ethereum-based exchange-traded funds (ETFs) is particularly notable, with its ETHE fund controlling a substantial 56.98% share of the Ethereum ETF market. Grayscale’s 1,606,070 ETH […]
Animoca Brands, the developer behind The Sandbox, has recently withdrawn $20 million worth of $SAND tokens from Binance, amounting to approximately $4.95 million. This transaction occurred in two separate batches, with the first withdrawal taking place around 17 hours ago. Subsequently, the tokens were transferred to a new address, 0x3Ac…a9192, […]
In the last 14 hours, GSR Markets has deposited 7.41% of Neiro’s ($NEIRO) total supply back into the Bybit exchange. This move comes shortly after a series of significant withdrawals: between October 8 and October 21, GSR Markets pulled approximately 74.13 million $NEIRO from Bybit at an average price of […]
In the cryptocurrency space, each project has a distinct approach to token distribution, reserves, and investor relations. By examining the tokenomics of $TIA, $SUI, $ARB, and $OP, we can better understand how these projects aim to create sustainable ecosystems and manage circulating supply effectively. Unlocked Allocation Each project uses unlocked […]
Babylon Protocol has reached a major milestone by successfully completing its second staking round, signaling strong momentum in the Bitcoin staking ecosystem. On October 8th, Babylon significantly boosted its staked Bitcoin holdings, increasing deposits from 1,000 BTC to 24,000 BTC—valued at approximately $1.6 billion. This remarkable growth highlights the platform’s […]
The Wall Street Journal recently reported that U.S. authorities are investigating Tether, the issuer of the stablecoin USDT. However, Tether’s CEO swiftly denied these claims on the platform X (formerly Twitter). He clarified that the company maintains regular communication with law enforcement to prevent any misuse of USDT by rogue […]
In a recent study by CoinGecko, Cosmos emerged as the blockchain offering the highest staking yield, rewarding participants with up to 18.5% returns. This high yield comes with a staking ratio of 59%, reflecting significant community involvement, as approximately 248.8 million $ATOM tokens are currently staked. Cosmos’s robust staking appeal […]
This week, AI-themed memecoins stole the spotlight in the cryptocurrency market, with the overall market cap reaching $2.438 trillion. Leading the pack, the $GOAT token surged by 173%, propelling its valuation to $940 million within two weeks. This explosive growth underscores the strong narrative surrounding AI-driven tokens, with major exchanges […]
Ethereum’s recent price drop to as low as $2,380 on Friday has prompted a notable increase in whale activity, reaching a six-week high. Historically, such spikes in whale transactions indicate accumulation by key stakeholders with significant capital. While this does not guarantee an immediate price rebound, it is a positive […]
Moonshot (@usemoonshot) has been making waves in the crypto world, generating $498K in revenue over the last 30 days, representing a staggering 1,657% month-over-month growth. With around 4,000 daily distinct users, Moonshot has rapidly gained attention, particularly since its frequent mention in tweets beginning in October. Contrary to some reports, […]
An insider has caused chaos in the $SHAR market, selling 500 million $SHAR tokens—equivalent to 50% of the total supply—in a single transaction, netting 19,620 $SOL (approximately $3.38 million). This massive sale triggered a 96% collapse in the price of $SHAR, leaving many investors reeling from heavy losses. Before executing […]
According to data from @intotheblock, daily active users on the Ton Blockchain have drastically fallen from 5 million to around 1 million. As of today, Toncoin is valued at $5.16, with only 13.80% of wallets currently profitable, translating to about 12.62 million wallet addresses seeing gains. In contrast, a significant […]
The amount of Energy on the TRON DAO network has doubled over the past three months, signaling increased capacity for smart contract activity. Energy is essential for executing smart contract transactions on TRON, and with more Energy available, the network can handle higher demand while mitigating cost spikes during periods […]