Cryptocurrency News
Ethena Protocol has been making waves in the DeFi space by offering users high yields through its innovative stablecoin, USDe. This is achieved by holding specific assets like stETH or BTC and simultaneously shorting an equivalent amount in the perpetuals market, creating a unique mechanism for generating returns. However, the […]
Ethereum is showing signs of weakness again after rejecting $2,700 last weekend. There’s still room for a retracement if the volume keeps rising. However, things might later get uglier with the latest bearish signal. Following the monthly breakdown of the important $2,817 support level, ETH rolled back to the yearly […]
Bitcoin’s daily outlook is becoming more bearish with the latest drop, although it remains bullish on the macro level. Selling could get worse as the fear and greed index reaches 50 with a dominance of 56.2%. The fear of missing out – FOMO on Bitcoin’s parabolic bull run has significantly […]
Losing more than 60% of its value in two months, Notcoin found support this week and increased a little. Due to a significant drop in buy volume, the price has remained stagnant as it decides on the next major move. If not all, most gaming assets have reset back to […]
Following a monthly bearish crossover, which led to another dip, AKT posted losses and slipped under $2 after nine months of trading. It found support and entered a retracement mode at the start of the week. In continuation of the correction phase, Akash’s price broke lower last week to test […]
ARB’s Price is up by more than 4% today despite the relative loss amongst altcoins in the past hours. However, it is still maintaining a downward movement following a recent price breakdown. Last week was a bit painful for Arbitrum as it broke through the $0.6 level (its launch price […]
Today, most altcoins across the crypto market appear calmer after charting a significant gain in the past few days. Mid-cap token like Tron is waxing stronger with no signs of slowing down at the moment. The remaining half of July saw TRX through a notable reduction after crossing over into […]
DWF Labs’ $20 million Cloudbreak Fund has quickly gained traction, achieving remarkable progress just 36 days after its launch on July 4th. In this short span, the fund has attracted over 90 high-quality projects, with an average of 2.5 projects joining daily. This level of participation underscores both DWF Labs’ […]
Bitcoin made a remarkable leap, briefly soaring past $62.6K—a staggering 25% increase in just over three days. This unexpected surge caught many average traders off guard, highlighting the volatile nature of the cryptocurrency market. As excitement builds, some investors are now eyeing potential price targets of $70K to $75K for […]
Ethereum’s network fees spiked this week, driven by heightened market volatility. The surge in fees was largely fueled by increased activity on platforms like Uniswap and a wave of liquidations on Aave, reflecting the intense trading environment. Ethereum fees spiked this week as a result of the volatility, with Uniswap […]
SUI shows signs of a bullish reversal following a slight breakout of a resistance line. Its bearish structure remains intact but is leading the top gainers chart with a traded volume of $400 million in the last 24 hours. From a peak of $2.2, SUI initiated a drop and lost […]
Litecoin joined other top coins in the recent increase but it has slowed down buying today after facing a key level. While it appears weak, the asset may resume bearish momentum if the supply level increases. Last month’s trading was a bit relieving due to a slight break in selling […]
Alameda Research has recently initiated the transfer of its $WLD tokens to centralized exchanges (CEX). Approximately nine hours ago, the company made its first significant move by sending 205,387 $WLD tokens, valued at $352,000, to Binance. This transaction occurred after Alameda vested the tokens from Worldcoin, which were acquired a […]
Within just 24 hours of its creation, the new MEMEcoin $RTR has already generated significant activity in the crypto market. In a surprising turn of events, five newly created wallets, suspected to be controlled by insiders, earned over $4 million in just six hours. These five wallets collectively spent approximately […]
In a significant market development, Bitcoin has surged past the $60,000 mark, signaling renewed investor enthusiasm. Recent data highlights notable institutional activity surrounding the cryptocurrency, particularly involving Cumberland and Tether Treasury. Over the past 24 hours, Cumberland has received $73 million in USDT from Tether Treasury. This influx is part […]
An institution recently suffered a significant loss after offloading its entire 25 million CRV holdings over the past three days. The sale, executed at an average price of $0.22 per CRV, resulted in a $4.58 million loss. Originally, the institution had invested $10 million to acquire these 25 million CRV […]
Aave has established itself as the leading decentralized lending protocol, boasting over $10 billion in Total Value Locked (TVL). Ranking as the third-largest decentralized application (dApp) by TVL, Aave trails only behind Lido’s $24 billion and EigenLayer’s $12 billion, solidifying its crucial role in the DeFi ecosystem. Lending remains a […]
After undergoing eight months of decline, Ripple found support and regained strength. The market is currently bullish on the daily chart following a 50% increase this week but is yet to break out of the structure. The past month of trading saw XRP through its highest buying volatile period since […]