Altcoins

Bitcoin’s dominance in the cryptocurrency market has experienced a significant decline as a result of Ripple’s recent legal victory against the United States Securities and Exchange Commission (SEC). This decline was accompanied by a surge in altcoin prices, temporarily pushing Bitcoin dominance below the 50% mark. According to Tradingview, Bitcoin dominance fell to 49.76% during

XRP (XRP) price experienced a significant surge after Federal District Judge Analisa Torres of the Southern District of New York ruled against the United States Securities and Exchange Commission’s (SEC) claim that XRP is a security. The ruling sparked a surge of over 75% in XRP price, reaching a one-year high of $0.93. Market participants

According to a recent report by blockchain intelligence firm Chainalysis, cryptocurrency scams have seen a significant decline of 77%, dropping from $3.3 billion to $1.1 billion in the first six months of 2023. However, the report also highlighted a surge in ransom attacks, with perpetrators earning 62.4% more revenue compared to the same period in

Polygon (MATIC) has experienced a significant price increase, reflecting the overall positive momentum in the cryptocurrency market. On July 11, MATIC’s price reached $0.75, its highest level in a month. This surge outperformed the crypto market, which maintained a relatively stable valuation of around $1.14 trillion. The rise in MATIC’s price can be attributed to

Researchers from Pennsylvania State University have conducted a study to determine whether attitudes and emotions expressed on social media platforms could be used as a means to predict cryptocurrency returns. Surprisingly, their findings challenge the prevailing belief in traditional financial markets. The research paper suggests that social media sentiment significantly influences adoption and activity rates,

Lawyers representing billionaire Elon Musk and Tesla have requested a United States district court judge to dismiss a motion seeking sanctions against them. The motion was filed in a $258 billion lawsuit that accuses Musk of involvement in an illegal racketeering scheme related to the Dogecoin (DOGE) cryptocurrency. The legal team representing the plaintiffs in

Researchers at the University of Tsukuba in Japan have developed a groundbreaking AI-powered cryptocurrency portfolio management system. Known as CryptoRLPM, short for “Cryptocurrency reinforcement learning portfolio manager,” this system utilizes on-chain data for training, making it the first of its kind. Utilizing Reinforcement Learning CryptoRLPM utilizes a training technique called “reinforcement learning” to incorporate on-chain

Starknet, the Ethereum layer-2 scaling protocol, has recently deployed its Quantum Leap upgrade on testnet, claiming the ability to process “hundreds of transactions per second.” This represents a significant improvement, at least 50 times faster than its current throughput. The Version 12 upgrade achieves this by harmonizing the interaction between the sequencer’s code and the

Coinbase’s layer 2 application-focused protocol, Base, is getting closer to its mainnet launch. The team announced that it has fulfilled four out of five criteria required for launch, with the completion of rigorous security audits. These audits, conducted over a period of six months, both internally and externally, have given the Base team confidence in

The Sui Foundation, the team behind the Sui network and its native SUI token, has firmly denied allegations that it unlocked SUI staking rewards and sold them on cryptocurrency exchange Binance. In a series of tweets on June 27, the foundation addressed the claim and stated that no staking rewards or any other locked or

The Australian Treasury’s token mapping of digital assets will implement a “tech agnostic” and “principles-based” approach to define crypto assets. Trevor Power, an Australian Treasury assistant secretary, stated that the framework would classify tokens based on their function and purpose, making it easier to regulate them. The regulation would need to be “robust” to account

Pepecoin, a frog-themed ERC-20 token on Ethereum, has emerged as a potential challenger to Dogecoin’s dominance in the memecoin sector. The token gained popularity in May 2023, leading the memecoin hype on Ethereum. Although the chart resembles the standard crypto pump-and-dump scheme, Pepecoin’s recent price action suggests that it could be the newest contender to

The total market capitalization of the cryptocurrency market declined to $1.02 trillion on June 15, marking its lowest point in three months. However, despite the resilience of the derivatives market and end-of-week price gains amid uncertainty in stablecoins’ reserves, it might be too soon for bulls to celebrate. Over the past few weeks, a bearish

On June 15, Ethereum’s price plummeted by 7%, reaching its lowest level in three months. The altcoin’s drop to $1,620 impacted investors’ perception that it was on track to turn $2,000 into support. Despite its decline, Ethereum’s $196 billion market capitalization remains higher than PetroChina’s $186 billion and close to chipmaker AMD’s $198 billion. Ethereum

Despite a consistent downturn in the Arbitrum governance token ARB since the airdrop in late March, the ecosystem shows healthy growth. A recent report by Nansen shows that Arbitrum’s activity improved after the airdrop, stabilizing “at a level higher” than before the airdrop. The daily active users, gas fees, and transaction count have maintained consistently

The governance token of the Curve decentralized autonomous organization (DAO), CRV, suffered a 12% drop on June 15th. This occurred after reports surfaced that the founder, Michael Egorov, had taken out risky loans on Aave. These loans were deposited across multiple decentralized lending protocols and amounted to around $246 million worth of CRV. This accounts

Sweat Economy, a move-to-earn platform, is repurposing over 2 billion $SWEAT tokens, valued at around $10 billion, that were locked up in inactive user wallets. These tokens were locked up in dormant user accounts following a token airdrop event in September 2022. Sweatcoin users who opted into the Web3 move-to-earn’s crypto offering received $SWEAT tokens

Ripple’s Chief Legal Officer, Stuart Alderoty, has called for an investigation into the reasons behind the speech given by former Securities and Exchange Commission (SEC) official, William Hinman, in 2018. The speech delivered by Hinman has been the subject of much debate within the cryptocurrency industry, as it suggested that Ethereum (ETH) was not a

Binance CEO, Changpeng Zhao, has denied allegations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilize the price of its BNB (BNB) token. Market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, have accused Binance of intentionally manipulating the market to inflate the value of BNB. Technical analysis platform Skew

Emin Gün Sirer, the CEO of Ava Labs, has called on US officials to support responsible blockchain innovation and to avoid potentially disastrous consequences if they fail to do so. He will testify to the US House Financial Services Committee on June 13, including Chair Patrick McHenry, Ranking Member Maxine Waters and other members of

Bitcoin (BTC) fell to three-month lows on June 10 due to regulatory pressure in the United States, which also affected altcoins. According to data from Cointelegraph Markets Pro and TradingView, BTC/USD dropped to $25,483 on the day, a decrease of more than $1,200 from the previous day’s high. Although Bitcoin was showing weakness, it was

Jack Dorsey, a long-time Bitcoin advocate, has found himself in a Twitter war with several crypto industry pundits after he responded with a “yes” to a question asking if Ether was a security. Udi Wertheimer, a Bitcoin Ordinals developer at Taproot Wizards, inferred Dorsey was a “clown” in a tweet on June 6. The Online

Arbitrum’s price rose by 9% to an intraday high of $1.25 on June 2, following the U.S. Senate’s decision to raise the debt limit. This increase in value surpassed the overall gains of the crypto market, which rose by 1.5% during the same period. The cryptocurrency’s outperformance occurred alongside unusual buying activity in Andrew Kang’s

The cryptocurrency market experienced a downturn in May, with Bitcoin (BTC) posting its worst performance since November 2022, dropping 7.37%, and Ethereum (ETH) losing 0.22%. The average loss across the market stands at 5.62% on the last day before the monthly close. However, some outliers posted impressive gains thanks to popular investment narratives and the

Ben.eth, a previously little-known personality in the cryptocurrency community, has come under the spotlight following the launch of at least three memecoins in recent weeks. Ben.eth has seen his Twitter following grow nearly five-fold in May, and pre-sales of these memecoins, which require Ether (ETH) to be sent directly to the creator himself, have allowed

Following the tentative deal between the White House and House Republicans on the US debt ceiling, the cryptocurrency sector has been showing signs of a short-term recovery. The positive sentiment from the US equities markets has also rubbed off on cryptocurrencies. Although buying has not been limited to Bitcoin (BTC), select altcoins are also showing

Over the past year, the market dominance of stablecoins pegged to the United States dollar has undergone significant changes. According to data from CoinGecko, while most stablecoins have experienced a downward trend, Tether (USDT) has climbed back to its all-time high. During the past 12 months, the market share of Circle’s USD Coin (USDC) reduced