Cryptocurrency News
Ethereum ETH continued to lag but has managed to post a double-digit gain in a week, increasing significantly above the key $3k level. It retraced slightly due to a rejection but is now bouncing back following 2% gains. After re-establishing support at the $2,860 level last week, ETH regained strength […]
Amid the resurgence of Real-World Assets (RWA) and the Tokenfi trend, DWF Labs has made a significant move by depositing 3 million TOKEN ($322K) to Gate.io at $0.107 per TOKEN. This transaction highlights DWF Labs’ strategic engagement with the TOKEN ecosystem. Notably, DWF Labs received 120 million TOKEN from two […]
Despite Ethereum’s poor performance year-to-date, Coinbase analysis suggests a bullish outlook for the second half of 2024. The potential approval of an ETH SPOT ETF, which has a 30% to 40% chance of passing, is a significant factor. Even if the ETF is rejected, there is a high likelihood of […]
Render Token (RNDR) has experienced a sharp decline, dropping another 11% today and trading just below the $10 mark. This decline follows a series of large transactions by major holders. According to on-chain data, Whale 0x4e4 recently deposited an additional 150,000 RNDR, worth approximately $1.57 million, to Binance at a […]
The Gamestop and AMC mania has permeated the cryptocurrency market, drawing parallels between the speculative nature and crowd empowerment seen in both sectors. These two companies have become the top trending topics on cryptocurrency platforms, capturing the attention of traders and investors alike. 🎮📽️ The #Gamestop and #AMC craze has […]
Bitcoin ETF volumes are gaining significant momentum, with the seven largest ETFs recording a combined $5.65 billion, marking the highest daily volume since March 24th. This surge indicates a shift in market dynamics, moving beyond the days when whales predominantly accumulated Bitcoin on-chain. 📈 #BitcoinETF volume is picking up major […]
Transaction fees on the Ethereum network have reached their lowest point in six months, largely due to the increasing adoption of layer 2 (L2) scaling solutions. In April, L2 projects accounted for a record-breaking 82% of all transactions, signaling a significant shift in how users interact with the blockchain. The […]
Ethereum ETH appeared to have found firm support as it failed to advance bearishness over the past month. It remained stagnant for days but is now showing signs of strength following a 1% gain since yesterday. Rolling back under the crucial $3,000 level last week, Ethereum became weaker and looks […]
The latest surge in Bitcoin’s price seemed to have restored bullish hope as it bounced off a key level last week. It reiterated positive actions today and is now looking poise for a shift amid a fresh surge. Starting this month on a bullish note, Bitcoin recovered nicely from a […]
The Ethena token (ENA) has continued its downward trajectory, experiencing a 4% decline today and a significant loss of 34% in value over the past 30 days, indicating ongoing challenges for investors. One notable event contributing to the downturn is the capitulation of a significant whale investor who decided to […]
In a remarkable turn of events, two fortunate traders have found themselves reaping substantial rewards from their investments in the meme-coin KITTY, witnessing astounding gains of up to 49 times their initial investment in just one month. This surge in value comes on the heels of the return of The […]
The decentralized Oracle protocol, Tellor ($TRB), has experienced a notable uptrend over the past month, with its value soaring by an impressive 112% within this period. In the realm of cryptocurrency, Tellor stands out as one of the top performers in terms of weekly gains, having surged by 47% in […]
In a significant development in the cryptocurrency landscape, the bankrupt crypto lender Genesis Trading has recently initiated a deposit of $36.45M worth of 34 crypto assets to Gemini, one of the prominent cryptocurrency exchanges. Among the top five assets deposited are 16.4M GRT ($4.83M), 123K INJ ($2.95M), 396M AMP ($2.93M), […]
Recent on-chain data suggests that notable cryptocurrency whales may have initiated substantial sales of ENA, a project launched on Binance’s Launchpool platform, which has garnered significant attention in the market. According to insights from Spotonchain, two whales executed deposits totaling 17.33M $ENA (equivalent to $15M) to Bybit within the past […]
The Lido DAO token (LDO), integral to the decentralized finance (DeFi) protocol operating on the Ethereum network, has experienced a 7% decline in value today. Currently ranked at number 65 among cryptocurrencies, LDO’s performance appears bearish across daily, weekly, and monthly charts. In recent hours, notable activity involving LDO has […]
Despite the prevailing bearish sentiment in the cryptocurrency market today, Frontier $FRONT, the decentralized finance aggregator, has emerged as a standout performer, boasting a remarkable 112% gain over the past 7 days. At the time of writing, FRONT is up by an additional 8%, demonstrating its resilience in the face […]
While most altcoins are still struggling to come back from their recent lows, Front regained strength last week and has been on a buying spree ever since. Despite witnessing slight retracement, it still holds 8% gain. Starting the year on a positive note, Front rallied by almost 10x to reach […]
Throughout the 2023-23 cycle, a notable discrepancy has emerged in the performance of Ethereum compared to Bitcoin. While Bitcoin has demonstrated resilience and maintained its price stability, Ethereum has experienced weaker price performance. There has been a growing divergence in performance between #Bitcoin and #Ethereum during the 2023-23 cycle thus […]