The recent decline in Bitcoin’s price has had a negative impact on the spot Bitcoin ETF market, as reported by analytics firm BitMEX Research. Over the last four trading sessions, these BTC ETFs have experienced negative netflows. This decline has been particularly noticeable in Grayscale’s GBTC outflows and the record low inflows for other ETFs
The Solana community and the broader crypto ecosystem have recently been confronted with a disturbing trend – a surge in inflammatory memecoins that promote racism, anti-Semitism, and other offensive content. These tokens, created using Solana’s token creation feature, have sparked outrage and concern among users and industry players alike. Solana founder and CEO Anatoly Yakovenko
The recent surge in the popularity of meme coins, particularly Shiba Inu, has led investors to search for the next big thing in the crypto world. As Shiba Inu consolidates near $0.26, the attention has shifted towards a new ICO called Dogwifcat ($DWIFC) with the hope of reaping 1000x returns. With Shiba Inu’s market cap
As Bitcoin approached the highly anticipated Halving event, analysts at JPMorgan sounded a note of caution. They pointed to the recent net outflows from Spot Bitcoin ETFs as an indicator of bearish sentiment in the market. Led by Nikolaos Nikolaos Panigirtzoglou, the strategists highlighted the sustained open interest in CME Bitcoin futures as another worrying
Super Sushi Samurai, a highly-anticipated blockchain game on the layer-2 solution Blast, fell victim to an exploit just hours before its launch. The exploit, attributed to a white hat hacker, resulted in a loss of $4.6 million due to a critical bug in the smart contract code. This bug allowed the hacker to trigger an
Ever since March 20, Cardano’s price has been consolidating within the range of $0.61 to $0.64, failing to keep up with the market average. While other cryptocurrencies like Solana and Avalanche have seen double-digit gains, ADA has been stuck in a sideways movement. The on-chain data trends have been signaling a potential bearish reversal for
In the ever-evolving landscape of cryptocurrency, a new player has emerged on the scene – 5thScape. This groundbreaking project is the world’s first virtual and augmented reality cryptocurrency gaming ecosystem, offering investors access to a range of immersive experiences with hyper-realistic gameplay. With the rise of Web3 technologies, 5thScape is positioning itself at the forefront
WisdomTree, the issuer of a Bitcoin exchange-traded fund (ETF), has successfully obtained regulatory approval from the New York State Department of Financial Services (DFS) to operate its digital asset business within the state. This approval comes in the form of a charter granted to the asset management firm to operate as a limited-purpose trust company
OKX and Immutable have recently announced a new partnership that is set to revolutionize the world of gaming through the launch of a GameFi NFT platform. This collaboration will not only bring a GameFi NFT launchpad to life but will also integrate Immutable’s zkEVM chain into both the OKX Marketplace and Wallet. The aim of
Immutable Games is gearing up for the global launch of Guild of Guardians, an eagerly awaited mobile role-playing game. This much-anticipated game is scheduled to be released on May 15th for both iOS and Android users. Players from all around the world will have the opportunity to venture into the mythical realm of Elderym, where
After a lengthy legal process, it seems that Do Kwon, the co-founder of Terraform Labs, will finally be extradited to South Korea. The Appellate Court of Montenegro recently upheld a decision to extradite Kwon, who was arrested in March 2023 in Montenegro alongside the Terraform Labs’ Chief Executive Officer. Kwon’s extradition has been the subject
Recently, the cryptocurrency market witnessed a surge in Bitcoin’s value, with the coin reclaiming the $67,000 mark. This unexpected spike led to a wave of liquidations, totaling nearly $300 million, catching many traders off guard. Data from Coinglass revealed that within a 24-hour period, approximately 86,047 traders suffered losses exceeding $250 million. Major exchanges like
In recent days, Bitcoin experienced a remarkable recovery, climbing from the $61,000 price level to $67,000 as Wednesday came to a close. This surge in price has sparked optimism among cryptocurrency enthusiasts, who are hopeful that a bullish movement could be on the horizon. However, it is important to note that Bitcoin has not yet
The newcomer AI-integrated security token and endearing meme coin, $Scotty The AI, made its debut on the decentralized exchange Uniswap amid much anticipation. The token launched at a modest price of $0.01 per token and quickly surged to $0.02597, marking a staggering increase of around 150% within just half an hour of trading. Investors who
BlackRock, a leading asset management firm, has recently chosen Coinbase as the main infrastructure provider for its tokenized investment fund known as the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund aims to maintain a stable value of $1 per token and distribute daily accrued dividends directly to investors’ wallets in the form of
The recent fluctuations in Bitcoin’s price have been nothing short of dramatic. After hitting an all-time high of nearly $74,000, the leading cryptocurrency experienced a sharp decline, dropping to a 2-week low of under $61,000. However, following the latest FOMC meeting, Bitcoin’s price reversed its trajectory and surged by over seven grand in a matter
The recent approval by the Commodities and Futures Trading Commission (CFTC) for Coinbase Derivatives Exchange to list futures contracts tied to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC) has garnered significant attention in the crypto community. These listings are set to go live and begin trading on or after April 1, 2024, according to
Cardano (ADA), known as the 9th largest cryptocurrency based on market capitalization, has recently faced a downward trend amidst the prevailing bearish sentiment in the cryptocurrency market. The leading market player, Bitcoin (BTC), has set the tone for price corrections in the top cryptocurrencies. Despite ADA experiencing a retracement of almost 20% in the past
The recent sale of CryptoPunk #7804, an Alien Punk, for a staggering $16.4 million has sent shockwaves through the digital art and cryptocurrency communities. This monumental transaction has not only captured the attention of enthusiasts and investors but has also set a new standard for the value of digital collectibles. The Alien category within the
The official Twitter account of Trezor, a well-known hardware wallet manufacturer, recently suffered a devastating compromise. It is suspected that the breach was a result of a SIM swap attack, which led to fraudulent messages being posted on the platform. These messages promoted fake token sales and wallet scams, tricking users into sending funds to
The cryptocurrency market is abuzz with news of XRP experiencing a notable price spike on the Atlantis Exchange. While excitement initially spread among X users as the asset’s price seemingly soared to an all-time high of $74, it was later revealed to be a short-lived glitch. This surge came shortly after Atlantis Exchange introduced trading
Bitcoin, the flagship cryptocurrency, has been showing signs of a bullish trend in the market, fueled by certain fundamental factors. Despite recent price declines, data from the on-chain analysis platform CryptoQuant reveals a significant drop in the supply of Bitcoin on exchanges over the past 4 years. This decreasing supply indicates that most investors are
The recent sharp decline in the price of Bitcoin has sent shockwaves through the cryptocurrency community, leading to a flurry of discussions and speculations on social media platforms. Influential figures in the crypto space have provided insights into the possible reasons behind this significant drop, shedding light on various factors contributing to the downfall of
The ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC) regarding the classification of XRP has been a topic of significant interest within the cryptocurrency community. With the trial scheduled for April 23, the resolution of this lawsuit could have far-reaching implications for both XRP’s legal status and its price
A Federal High Court in Nigeria has recently issued an order to Binance, the world’s largest cryptocurrency exchange, to provide comprehensive data on all local users trading on its platform to the Economic and Financial Crimes Commission (EFCC). This decision comes as part of the government’s crackdown on Binance for its alleged involvement in the
The ERC-7231 token standard is a groundbreaking advancement in the world of non-fungible tokens (NFTs). Essentially, it builds upon the widely adopted ERC-721 standard to introduce new features and capabilities. Unlike its predecessor, ERC-7231 introduces the concept of identity binding, allowing for the secure linking of multiple Web2 and Web3 identities to a single NFT.
The world of cryptocurrency is constantly evolving, with new tokens and coins emerging every day. In the latest trend, the Solana meme coin market has seen the rise of Kermit (KERMIT) token, which has surged an impressive 600x in just 24 hours. However, as investors are getting excited about Kermit, there is a new player