Cryptocurrency News
Polkadot has reached a crucial trading level again after posting a huge loss in the past two weeks. It has reclaimed key support and is now on the verge of breaking lower. The 2023 bottom is the next low to watch. The last two weeks have seen Dot’s price through […]
As of July 2024, the Total Locked Value (TVL) for Real World Assets (RWA) in DeFi protocols has reached an impressive $3.76 billion. This milestone underscores the growing integration of tangible assets into the DeFi ecosystem, bridging the gap between traditional finance and decentralized finance. The market capitalization of all […]
The $BANANA token has experienced a significant decline, falling 37% from its peak of $78.5 to the current price of $49.7. Several factors have contributed to this drop. 1. Increased Market Supply: Following its listing on Binance, $BANANA airdropped 800,000 tokens to BNB holders. This influx of tokens has increased […]
AAVE has surged more than 20% in the past week, driven by several key factors. 1. Launch of Version V3.1: Aave recently launched version V3.1 across all networks, significantly improving the protocol’s security, operational efficiency, and usability. 2. Strong Financial Performance: Aave’s financial health is robust, with the protocol generating […]
The TON ecosystem, standing strong alongside Ethereum ($ETH) and Solana ($SOL), boasts rapid transactions and robust performance. Despite this, TON remains under the radar for many traders, which is surprising given its significant potential and current market impact. The $TON ecosystem stands strong alongside $ETH and $SOL, with rapid transactions […]
Cardano’s ($ADA) transaction volume in USD has been on a downtrend since March. Data from Santiment shows that Cardano’s daily transaction volume has consistently made lower highs, consolidating a downward pattern. In the last 24 hours, Cardano transacted $1.53 billion, a stark contrast to the over $11.56 billion confirmed during […]
XRP has been consolidating within a symmetrical triangle pattern for the past six years, and a bullish breakout may be on the horizon if it surpasses $0.90. This long-term consolidation could soon give way to significant upward momentum, marking a major shift in XRP’s market dynamics. $XRP has been consolidating […]
As Bitcoin hovers just above $66,000, notable activity is observed in the transfer of unique tokens between wallets. Recently, 244,000 BTC were circulated in a single day, marking the highest level since March 5th. This uptick in Bitcoin activity suggests a gradual return of utility to levels last seen during […]
Today, Paradigm Capital made a significant deposit of 39,068 ETH, valued at approximately $129 million, into the custody platform Anchorage Digital. This marks their largest ETH deposit into Anchorage Digital in the past three months. Currently, Paradigm Capital holds only 8,373 ETH, worth about $27.5 million, suggesting a substantial shift […]
While most altcoins have been relatively down over the past 48 hours, Ripple has posted a nice gain with a break above the monthly high. This signals a fresh buy and is likely to see bigger rallies in the next few days. Taking a short recap of this month’s trading: […]
The Terra blockchain recently faced a significant exploit, resulting in the theft of approximately 60 million $ASTRO, 3.5 million $USDC, 500,000 $USDT, and 2.7 $BTC. The attacker leveraged a reentrancy vulnerability in the timeout callback of ibc-hooks, a flaw that was disclosed back in April this year. Terra blockchain was […]
Nine years ago, Ethereum made history with the mining of its genesis block, ushering in a new era of digital currency with the world’s first ETH tokens. Since then, Ethereum has evolved into the cornerstone of a thriving decentralized finance ecosystem, pioneering innovations that are reshaping the future of finance. […]
Bitcoin experienced a significant decline in new addresses at the beginning of June, reaching multi-year lows. However, this trend has reversed, with daily new addresses increasing by 35% since that low point, signaling renewed interest in the cryptocurrency. Bitcoin saw a significant dip in new addresses at the beginning of […]
In recent developments, @jito_sol has seen remarkable growth, setting new records across several key metrics. The platform reached an all-time high in daily fees, totaling $3.19 million, and daily revenue, which amounted to $160,000. Notably, Jito served over 252,500 daily users, marking a significant milestone in user engagement. Concurrently, Jito […]
According to data from Token Unlock, Galxe is preparing to unlock 4.17 million $GAL tokens, valued at approximately $14.81 million, on August 2, 2024. This unlock represents 3.52% of the total supply. So far, Galxe has unlocked 60.77% of its tokens. Six hours ago, an address identified as 0x195…92A10 deposited […]
Lido continues to lead the liquid staking token (LST) market, with $stETH representing a significant portion of the total staked Ethereum. Currently, over 9.8 million $ETH are staked through Lido, held by 319,819 unique addresses. Lido continues to dominate the liquid staking token (LST) market, with $stETH representing a substantial […]
Sol is significantly up weekly, but it appears to have reached an exhaustion point after breaking through several resistance in the past weeks. The price is currently down following a 2% loss overnight. Two weeks ago, Sol’s price broke out of a four-month resistance line following a monthly bounce off […]
Ethena Labs has emerged as one of the standout projects in the crypto space this year, showcasing remarkable growth in Total Value Locked (TVL). The project has achieved significant milestones, reflecting a staggering +875% increase ($2.11 billion) in TVL over just 57 days, followed by an additional +57% ($1.3 billion) […]