Ethereum Open Interest Drops 40% In August – What’s Happening?
Several large-cap assets, including Bitcoin and Ethereum, struggled to make a mark in the past week, as the general market suffered a steep downturn in prices. According to various analyses, the market was negatively impacted by some recent macro…
QCP Capital: Bitcoin Bounces Back Above $60K as Ethereum Struggles
QCP Capital reports that bitcoin (BTC) has shown a strong recovery this week, stabilizing above the $60,000 range after a sharp drop below $50,000 on Monday. In contrast, the firm highlights a significant liquidity shift in ethereum (ETH), raising…
NFT Sales Hit $95.42M With Ethereum Dominating, but Market Participation Shrinks
Between Aug. 3 and Aug. 10, 2024, non-fungible token (NFT) sales experienced a 6.29% increase from the previous week, hitting a total of $95.42 million. However, the number of participants in the NFT market saw a sharp decline, with buyers dropping…
XRP Market Cap Explodes By 23% In A Day As Whale Appetite Soars
The show’s star today is XRP as in the last 24 hours its market value has risen by 23%. The crypto space is buzzing as we speak, and this makes altcoin owners so upbeat. XRP Shows The Way XRP is exploding in price given how it controls the…
Online Gaming Veteran: Top Tech, Strong Marketing Key to Web3 Growth and Adoption
While the biggest blockchain bridge hacks have centered on private key mismanagement, according to Joshua Tobkin, CEO of Supra, smart contract errors and cryptography implementation issues also contribute to cybercriminals’ success. Tobkin…
Is Bitcoin Headed For A Rally Or Ruin? This Key Price Point Could Decide
Although Bitcoin has seen a noticeable rebound following its negative price performance on the red Monday witnessed this week, the asset now appears to be at a critical juncture, according to prominent crypto analyst Benjamin Cowen. Cowen…
Crypto Scam? PolitiFi Token RTR Plummets 95% After Trump Family Denies Link
This week, a new PolitFi token made the headlines amid the crypto market recovery. Restore The Republic (RTR) caught the attention of investors after rumors of being linked to the Trump family surged. The Trump-themed token saw a massive surge…
Grayscale Forecasts Bitcoin To Retest All-Time Highs By 2024 End If US Avoids Recession
The Bitcoin market experienced a major downturn earlier this week attributed to concerns regarding the US economic outlook and increased volatility in the broader financial markets. Notably, Ethereum’s performance lagged, potentially…
Bitcoin Makes Sharp Recovery, But Watch Out For Resistance At $64,000
On-chain data shows that the Bitcoin short-term holder whales have a cost base above $64,000, which could be a potential resistance point for BTC. Bitcoin Is Not Far From Realized Price Of Short-Term Holder Whales After Rally As pointed out by an…
Okx Says Accounts Interacting With Tornado Cash Will Be Closed
According to the CEO of the cryptocurrency exchange Okx, users are now barred from account interacting with Tornado Cash and Garantex. In a post on social media, the CEO said any Okx accounts receiving deposits from sanctioned entities, including…
Analyst Says Dogecoin Price Will Surge 2,500% To $2.55, Here’s When
Following its price surge in 2021, Dogecoin has become one of the most sought-after cryptocurrencies, with many expecting a repeat of this performance. Since then, the Dogecoin price has failed to surge, leaving investors wanting more. However…
Milei’s Government Creates ‘Minority Report’ AI Unit to Predict Crimes in Argentina
The government of President Javier Milei has created a security-focused artificial intelligence (AI) unit that will use learning algorithms and other technologies to supervise the internet and predict crimes before they happen in Argentina. The…
Pip World Buys Roblox Stock Simulator Game for Undisclosed Price
Stockrise, Roblox’s highest-grossing stock simulator game, has been acquired by the socialfi gaming platform Pip World for an undisclosed price. The acquisition is expected to help Pip users develop practical risk assessment and trading skills. The…
Fantom Q2 Performance: Financial Metrics React To Sonic Blockchain Anticipation
The Fantom blockchain saw mixed performance in the second quarter (Q2) of the year, with key financial metrics cooling amid the broader cryptocurrency market downturn and the Fantom Foundation’s announcement to rebrand as Sonic Labs…
Robinhood Markets announced a record-breaking $682 million in revenue for the second quarter, highlighting a 161% rise in cryptocurrency revenue. Robinhood’s assets under custody also saw a 57% increase, driven by key acquisitions and the…
Bitcoin bull-bear cycle indicator flips bullish as price holds $60K
The Bitcoin bull-bear market indicator has turned green once more after Bitcoin's drop below $50,000 triggered its first bearish signal since January 2023.
NBTC: THORChain Protocol Revenue Rises 100%, Why Is RUNE Struggling?
RUNE, the native token of the cross-chain decentralized exchange, THORChain, is under pressure. From the daily chart, the token is down nearly 60% from May highs and remains flat even as the broader crypto market recovers. Even as RUNE flatlines…
Global Asset Freeze Targets Fugitive ‘Cryptoqueen’ and Onecoin
A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents…
Tether to Increase Its Workforce to 200 by Mid-2025, Says CEO Paolo Ardoino
The CEO of stablecoin issuer Tether Holdings Ltd. has announced plans to increase the company’s employee headcount to 200 by mid-2025. The firm stated that a majority of the new employees will be assigned to the compliance team, while others…
Ethereum Vs. Solana: Legendary Trader Peter Brandt Reveals The ‘Clear Winner’
A crypto analyst has reignited the debate between Ethereum (ETH) and Solana (SOL), evaluating which cryptocurrency was more superior. Considering recent market trends and performances of both altcoins, the analyst has finally identified a clear…
AI offerings are a bad joke, and investors aren't laughing
Neither OpenAI nor other tech giants have produced systems capable of doing much, but that hasn't stopped them from pushing for massive new investments.
Grayscale Report: Liquidated Long Perpetual Positions Fueled ETH’s Black Monday Flash Crash
Ethereum’s Aug. 4 decline could have been fueled by the liquidation of a portion of long positions in perpetual futures, the Grayscale report concluded. The crypto asset’s decline was epitomized by its over 7% drop in just three…
New York Federal Reserve Staff Paper on Tornado Cash Concludes Ethereum Is ‘Not Immune to Censorship and Cooperation’
A staff report published by several New York Federal Reserve employees found that Ethereum “is not immune to censorship and cooperation,” which depends on the roles of several actors across the network. The paper examined how the…
OKX Takes Action: Accounts Involving Tornado Cash To Be Banned
The cryptocurrency exchange OKX has announced a firm policy banning accounts linked to the questionable mixing service Tornado Cash in an attempt to prevent illicit activity and promote compliance with international laws. According to OKX CEO Star…
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