Cryptocurrency News
Crypto news
The memecoin market is making a strong comeback following a prolonged downtrend, sparking talk of an imminent memecoin season. The memecoin market is recovering quickly after a multi-month downtrend. Is another memecoin season coming soon? pic.twitter.com/huqd6Zeot4 — IntoTheBlock (@intotheblock) October 29, 2024 Market Highlights: The memecoin market cap surged by […]
Crypto researcher Justin Bons has stirred debate by declaring Ethereum “cooked,” suggesting it may be sliding into irrelevance like Bitcoin. Bons criticized Ethereum’s reliance on Layer 2 (L2) solutions, arguing that the primary Layer 1 (L1) base is being neglected. This hot take quickly polarized the community: some labeled Bons […]
A token creator recently launched $LUCE, a new meme token, purchasing 67.06 million $LUCE for just 2 $SOL (around $130). Following his usual pattern, he sold all 67.06 million $LUCE tokens, making a modest 0.73 $SOL profit—about $130. Remarkably, the same $LUCE tokens he sold are now valued at over […]
The $Cheems token saw a 20% price jump after @LordCheems_bsc pledged a $100,000 donation to local animal welfare shelters in collaboration with Balltze, owner of Cheems and Pochita. This charitable move sparked a wave of renewed interest in $Cheems, with key crypto influencers quickly seizing the opportunity to invest. After […]
Yesterday, the STEP project executed its final planned token burn for 2024, incinerating 49.6 million STEP tokens—equivalent to 12% of the total supply. This burn involved tokens accumulated over the past four months, with approximately 51 million STEP purchased from the open market through strategic buybacks. Following this burn, the […]
According to Ember CN, a major investor who accumulated 160,710 AAVE at a low of $89 per token during June-August has started to take profits. Approximately 40 minutes ago, the whale transferred 19,592 AAVE, worth around $3.02 million, to Binance, signaling the start of a potential exit strategy. Currently, the […]
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 […]