Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has achieved a significant milestone in its short existence. Within weeks of its relaunch, the total number of wallets on the network has exceeded 1 million, indicating rapid adoption and interest among users. This article will explore the growth of the Shibarium network, its current challenges,
The recent court ruling against the Securities and Exchange Commission (SEC) in the case of Grayscale Investments has led JP Morgan analysts to believe that the SEC might be compelled to approve the spot Bitcoin exchange-traded fund (ETF) applications submitted by multiple firms. This potential development could have significant implications for the crypto industry. In
Ripple, after a period of steady price movements, has finally shifted towards a bearish trajectory. This decline has caused a breach below a critical support zone that is defined by the 200-day moving average. Analyzing the daily chart, it is evident that the drop in XRP price is a result of elevated selling pressure and
The once vibrant crypto market has recently lost its glitter, with bitcoin futures trading volume dwindling and the flagship cryptocurrency struggling to stay afloat. Data from Glassnode reveals that bitcoin futures open interest, which indicates the excitement surrounding upcoming contracts, has plummeted to a 5-month low of $11.3 billion. This downward trend suggests that traders
In a surprising development, on-chain data has revealed that a cold wallet owned by the collapsed cryptocurrency exchange FTX has moved close to $10 million worth of altcoins from Solana to Ethereum since August 31st. The exact reasons behind these transfers remain undisclosed, leaving the crypto community puzzled. Notably, the altcoins transferred include popular tokens
Bitcoin has always been subject to speculation and analysis, with experts constantly trying to predict its future performance. Renowned cryptocurrency analyst Benjamin Cowen recently shared his data-driven insights on Bitcoin’s historical performance in September and its potential trajectory for the current year. While Cowen acknowledges that September has traditionally been a challenging month for BTC,
Cryptocurrency has rapidly evolved, and with it, the need for legal clarity has become crucial. The recent legal battles between major crypto exchanges and regulatory authorities highlight the significance of obtaining comprehensive legal opinions for token projects. In this article, we will explore the importance of legal opinions in crypto tokens and how they have
Bitcoin recently experienced an unexpected decline from the $29K mark, resulting in a significant breakdown of the pivotal 100-day and 200-day moving averages. This bearish trend has left many wondering how low BTC can go in the current market conditions. It is essential to analyze the price action and market dynamics to gain insights into
As the financial market becomes increasingly unpredictable, traders and investors are in constant search for reliable analytical tools. In response to this demand, yPredict, a groundbreaking project that is currently in development, aims to offer a unique blend of traditional statistical models and modern artificial intelligence technologies. With an initial funding of $3.69 million for
Former SEC chair, Jay Clayton, recently shared his thoughts on the potential approval of a Bitcoin Exchange-Traded Fund (ETF) during an interview with CNBC. He acknowledged that the SEC faces a difficult challenge in regulating cryptocurrencies, especially considering the evolution of the crypto market over the years. Clayton highlighted the SEC’s initial struggle with non-compliant
The recent Bitcoin rally has captured the attention of investors and enthusiasts alike. However, a closer look at the trend in the total supply of stablecoins suggests that this surge may not be sustained. This article analyzes the relationship between stablecoin supply and Bitcoin price, raising questions about the long-term viability of the current rally.
Bitboy Crypto’s Ben Armstrong recently took to the BitBoy Crypto YouTube channel to release an emotional apology video after being kicked out of the company. In this heartfelt video, Armstrong publicly acknowledged his mistakes that ultimately led to his ouster. Alongside him was his supportive wife, Bethany, emphasizing her forgiveness and commitment to their relationship.
DeFi continues to make significant strides, and this week, Ethereum staking services have reached an agreement on implementing a 22% limit on all validators. This decision aims to ensure fair markets and maintain the decentralization of the Ethereum network. Several providers, including Rocket Pool, StakeWise, Stader Labs, and Diva Staking, have committed or are in
Yuga Labs has recently made an exciting announcement that will surely delight gamers and enthusiasts alike. The company has released an early version of their highly anticipated game, ‘Legends of Mara,’ for open beta testing. This move is not only aimed at allowing players to experience the game firsthand but also to gather valuable feedback
Worldcoin, a digital identity project, recently made headlines by claiming to have verified an impressive number of Argentinians in a single day. According to a blog post published on August 31st, the project verified approximately 9,500 Argentinians using its World ID platform. This surge in popularity led to the World App briefly claiming the top
The world of meme coins is ever-changing and unpredictable, with new tokens emerging and gaining popularity seemingly overnight. One recent example of this phenomenon is the surge of the Trump (MAGA) meme coin, which has experienced a staggering +20,000% increase in value on-chain. This surge coincides with the high-profile indictment case of former President Donald
The recent court victory of Grayscale against the United States Securities and Exchange Commission (SEC) has had a significant impact on the entire cryptocurrency market. This article delves into the repercussions of this landmark ruling and explores the surge in trading volumes for various cryptocurrencies. Bitcoin, the leading cryptocurrency, experienced a substantial price increase as
Ripple’s XRP token price is currently facing bearish signs as it struggles to recover above $0.540 and $0.550 against the US dollar. Despite starting a recovery wave after a sharp decline, the price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with
Pepe (PEPE), touted as the biggest new memecoin of 2023, recently encountered a devastating setback. The project’s anonymous developers shockingly sold approximately $16 million worth of the token on Aug. 24, resulting in a partial rug pull. The sudden sell-off caused Pepe’s price to plummet by as much as 26%, leaving crypto investors and memecoin
In a recent dismissal order, Judge Katherine Polk Failla of the United States District Court has characterized Ethereum (ETH) as a commodity in the case against the decentralized exchange Uniswap. The lawsuit, brought by Uniswap users who claimed they suffered losses due to scam tokens on the platform, saw Failla referring to ETH and Bitcoin
The landscape of education is constantly evolving, driven by advancements in technology. In this pursuit of innovation, TinyTap, an ed-tech subsidiary of Animoca Brands, has introduced a set of groundbreaking tools incorporating Artificial Intelligence (AI) and Non-Fungible Tokens (NFTs). These tools, designed for educators and parents, aim to transform the creation and delivery of educational
GMX, a decentralized perpetual exchange, made its debut in the DeFi community in September 2021. Its launch on Arbitrum, an Ethereum Layer 2 scaling solution, marked a major milestone in the world of decentralized finance. GMX gained significant attention for being the first DEX and perpetual market on the Arbitrum ecosystem. One of its standout
Binance, one of the world’s largest cryptocurrency exchanges, has introduced a game-changing feature for its Latin American clients. The new “Send Cash” feature allows users in nine Latin American nations to transfer crypto through Binance Pay, enabling beneficiaries in countries such as Argentina and Colombia to directly receive these transfers in their bank accounts. This
The Securities and Exchange Commission (SEC) Chairman Gary Gensler is no stranger to controversy. As he prepares to testify before Congress this September, the debates surrounding his approach to digital asset regulation have intensified. With lawmakers expressing concerns over the lack of clear guidelines and Gensler’s aggressive enforcement, the future of cryptocurrency regulation in the
Altcoin season is upon us once again, and with news that Grayscale has won its bitcoin ETF case against the US Securities and Exchange Commission, investors are flocking to the crypto market. One of the most traded sectors in the crypto complex is meme coins, and Sonik Coin is looking to join the ranks of
In the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman explores the recent victory of Grayscale against the United States Securities and Exchange Commission (SEC). While Grayscale is still awaiting a decision on its application for a Bitcoin exchange-traded fund (ETF), the ruling has been favorable, particularly for the Grayscale Bitcoin Trust. This
Bitcoin has recently approached the short-term holders’ realized price, indicating a potential resistance level at $28,100. The realized price is a metric that represents the average investor’s cost basis in the Bitcoin market. When the spot price falls below this indicator, most holders incur losses, while a break above this level signifies a profitable state