Hamster Kombat, a popular “tap to earn” game on Telegram, has quickly gained a large following in the Web3 and crypto gaming space. In a significant move, the team behind Hamster Kombat has chosen to reject major venture capital investments to focus on their community’s interests. They have allocated 60% of the total $HMSTR token…
Hamster Kombat has decided to turn down big offers from venture capitalists to focus on its players instead. The game, which now has 300 million users, is planning the largest airdrop in crypto history. They will allocate 60% of the tokens to the players, showing their commitment to the community. Hamster Kombat Prioritizes Players Over…
Donald Trump, the Republican presidential nominee, has made a notable return to the social media platform X. His account had been inactive for nearly a year, making his comeback a significant event. Along with his return, Trump has released a new campaign ad, which has garnered considerable attention amid the ongoing presidential election. Donald Trump…
Bitcoin miners could experience a massive 2,900% increase in rewards over the next ten years, according to a mathematical model. The prediction is based on the Power Law model, developed by Giovanni Santostasi. This model suggests that significant shifts in Bitcoin prices and transaction fees will be key factors driving this growth. A Market Analyst,…
Venezuela’s president, Nicolás Maduro, has imposed a 10-day ban on the social media platform X. At the same time, Binance confirmed that the Venezuelan government has restricted access to its website following the controversial presidential election results. In an August 10 post on X, Binance explained that its website, like many others in Venezuela, is…
Former Bank of Japan (BOJ) board member Makoto Sakurai suggests that the BOJ may refrain from implementing another rate hike in 2024. Seamus Mac Gorain, JP Morgan’s head of global rates, concurs with this outlook. However, a different report indicates that 22 out of 34 economists anticipate an additional rate hike later this year. In…
This week, several major cryptocurrency projects are set to unlock significant portions of their tokens, potentially affecting market prices and dynamics. Tokens such as ARB, APT, RENDER, and others are preparing to release new supplies, which could influence market sentiment and trading activity. This article explores the details of each token unlock and analyzes their…
The Internet Computer (ICP) is currently at the top of the list for development activity among digital assets, with Hedera (HBAR) and Cardano (ADA) also ranking highly. Ethereum (ETH) has gained a lot of attention recently due to new spot ETH ETFs launched in the U.S., placing it in the top 10. Additionally, Hedera and…
This week, Ethereum ETFs experienced notable ups and downs, with significant inflows and outflows. While Grayscale faced substantial withdrawals, BlackRock enjoyed strong gains. Despite the rising interest in Bitcoin, Ethereum continues to attract investments, reflecting mixed market reactions influenced by major firms like BlackRock and Grayscale. BlackRock Tops $104.8M Inflows Amid Ethereum ETF Volatility This…
Altcoins such as Terra Classic, Akash Network, and Beam have been among the top performers recently. Their prices increased as the crypto fear and greed index moved to a neutral level of 55. In addition to these altcoins, BitBot, a fast-growing Telegram bot, has also attracted significant attention. Weekend Crypto Gains: Beam and Other Altcoins…
SUI has made a strong comeback, trading above $0.90 and becoming the top gainer of the week. After a significant decline, SUI rebounded from dropping below $0.50, which was caused by a broader market downturn and reduced investor confidence. The coin had been struggling, but renewed interest and high trading volumes have driven its impressive…
Despite a recent price increase, the number of Toncoin’s (TON) long-term investors has decreased. Still, TON has stayed strong in a market where most cryptocurrencies have been declining. If this bullish trend continues, TON could soon reach $6.85. This makes it interesting to explore what has supported TON’s rise and whether this momentum can be…
Michael Saylor, the founder of MicroStrategy, recently tweeted about Bitcoin trading around the $60,000 mark. His tweet, which included a futuristic image of an extraterrestrial landscape like the Moon or Mars, read “Claim the future.” This post came as Bitcoin briefly reached $62,000 on Friday, after trading around $60,000. Source: X Bitcoin enthusiasts are hopeful…
Despite many top meme coins struggling to gain momentum, Dogwifhat (WIF) has surged by 8%. The token is expected to rise by 25% to around $2.20 in the coming days. WIF’s open interest has also increased by over 7% in the last 24 hours. As of August 10, 2024, Dogwifhat (WIF), a popular meme coin…
Ethereum’s well-known figure, Vitalik Buterin, has moved a large amount of ETH to an unknown wallet. This move has sparked discussions across the market, especially as it happened alongside other big ETH transfers. The timing is notable, as it coincided with an 8% rise in ETH’s price, capturing significant attention from the market. Ethereum’s co-founder,…
On Thursday, top crypto leaders met with White House officials to talk about U.S. cryptocurrency regulations and express concerns about the SEC’s actions under Gary Gensler. Hosted by Rep. Ro Khanna, the meeting included Biden administration representatives and figures from the crypto industry. They discussed key policies and regulations, including the possibility of removing SEC…
In a surprising development, former President Donald Trump has suggested creating a national Bitcoin stockpile should he win the presidency again in the November 2024 election. This proposal has sparked significant interest and debate among cryptocurrency investors and the broader financial community. Trump’s Bitcoin Stockpile Proposal Raises Legal Concerns At the Bitcoin 2024 conference on…
A recent court ruling has paved the way for a potential spot XRP ETF. The decision clarified that XRP sales to everyday investors are now legal, boosting market optimism. Expert Doctor Profit predicts that XRP’s price could rise to $16-$20 if an ETF is approved. Ripple was fined $125 million and must follow new rules,…
Peter Schiff, a financial commentator and Bitcoin critic, has recently caused a stir by criticizing Bitcoin exchange-traded funds (ETFs). He argues that these ETFs go against the fundamental principles of Bitcoin. Surprisingly, Charles Hoskinson, the founder of Cardano, has backed Schiff’s view. Hoskinson’s support shows that he agrees with Schiff’s critique of Bitcoin ETFs. Peter…
Shytoshi Kusama, the enigmatic lead of the Shiba Inu ecosystem, has hinted at a possible deal with an AI project. This teaser was shared during his recent interactions on the microblogging platform X. The hint followed a post by NFA Labs, a project known for its innovations in DeFi through its autonomous network of data…
Cathie Wood’s Ark Invest has recently increased its holdings in Coinbase (COIN) and Robinhood (HOOD) stocks as their prices have risen with the recovery in the crypto market. This comes after the asset manager had previously sold off these stocks. Ark Invest is adjusting its portfolio to respond to market changes, taking advantage of the…
Ripple has launched a new partnership with the DIFC Innovation Hub in Dubai, continuing its $1 billion XRP fund. This collaboration aims to boost blockchain innovation in the UAE. The DIFC Innovation Hub is a major tech center, housing over 1,000 technology companies, digital labs, and venture capital firms. Ripple’s New UAE Partnership: Expanding Blockchain…
The Solana-based meme coin Dogwifhat has jumped 20% in the past day as Bitcoin recovered to $57,000. Currently, Dogwifhat is still up by 18%, trading at $1.71, according to CoinGecko. Its daily trading volume is around $935 million, and its market cap has risen to $1.69 billion. After the recent price increase, the dog-themed meme…
The Shiba Inu ecosystem team announced that its liquid staking partner, K9 Finance DAO, will make a major announcement at this year’s ETHToronto conference. The team shared this update on their official X handle, suggesting that the event will be exciting for both the KNINE and SHIB communities. Shiba Inu Team Highlights K9 Finance Milestones…
Kamala Harris has hired Binance’s David Plouffe and former Treasury official Brian Nelson as advisors. While her stance on cryptocurrency is still unclear as she runs for president, these appointments hint that she might be moving towards a more positive view on crypto. Kamala Harris has appointed David Plouffe, a former Obama aide and former…
On August 6, Ondo Finance’s native token, ONDO, surged nearly 30% after OKX, a major crypto exchange in Asia, announced it would list perpetual futures for the token. This listing has increased excitement and optimism among investors, especially as the broader market shows signs of recovery. The listing is expected to attract new investments and…
The SEC is resisting Coinbase’s extensive requests for documents and communications. Coinbase is seeking this information to support its defense in their ongoing legal battle. Coinbase is navigating legal and market challenges. Analysts noted strong Q2 earnings despite lower trading volumes. The exchange is also facing legal issues with Molly White and Public Citizen over…
Aave experienced a record number of liquidations but benefited from the associated fees, maintaining stability at the protocol level. GHO tokens held their $1 value, avoiding any negative impact on other yield protocols or decentralized exchanges (DEX). After a sell-off, AAVE recovered to over $100, and ETH rose above $2,500, demonstrating resilience in the face of…
Cryptocurrency prices made a strong comeback during the overnight session as investors remained hopeful about the industry and potential Federal Reserve intervention. Bitcoin surged to a high of $56,000, adding over 7,000 points from its lowest point on Monday. Ethereum rose to $2,525, while Stellar Lumens (XLM) increased to $0.090, 20% above its Monday low….
XRP, the cryptocurrency linked to Ripple Labs Inc., is experiencing significant turmoil amid the current market downturn. According to data from CoinGlass, a staggering 24.2 million XRP has been liquidated in the past 24 hours. This high level of liquidation has raised concerns and questions about the digital asset’s current situation and its impact on…
The U.S. Federal Reserve has called an emergency meeting today in response to the severe collapse of Japanese markets, which has triggered a worldwide panic selloff. As global markets face significant downturns, the Fed is set to reassess interest rates to address the turmoil. Analysts are anticipating a rate cut of 50 basis points (bps)…
CryptoQuant warns that Bitcoin could drop to $40,000 amid recent volatility. The critical support level is at $47,140, with 900,000 addresses holding 489,000 BTC. In the last 24 hours, $1.06 billion has been wiped out, with bullish investors losing $900 million. The recent panic selling in Bitcoin and the broader crypto market has been influenced…
In July, Solana’s decentralized exchanges (DEXs) handled 30% of the total crypto trading volume, surpassing Ethereum. However, the cryptocurrency market is now experiencing significant challenges due to a $500 billion drop triggered by a sell-off in the Japanese stock market. Solana’s price could decline further to $107 if it falls below $115. Bitcoin has dropped…
The crypto market experienced a sudden and severe drop on August 5, leading to the liquidation of over $600 million in leveraged long positions. Bitcoin’s price fell sharply, reaching as low as $52,500.This drop marked a 10% decrease from its previous level of $58,350, occurring in less than two hours. The sharp decline also impacted…
The crypto community was caught off guard when the social derivatives trading platform ZKX suddenly shut down. Amber Group, an asset manager, has expressed surprise and is calling for more transparency in the industry. ZKX, which ran on Ethereum’s Starknet layer-2 network, announced its closure four days ago. According to founder Eduard Jubany Tur, the…
Polkadot inflation prompts debate as DOT continues to decline. Opinions differ on whether inflation or network growth is to blame for DOT’s price drop. A Reddit user notes that staking rewards are insufficient if the altcoin’s value drops more than the rewards offered. The ongoing debate over Polkadot’s inflation rate and its impact on DOT’s…
In a bearish crypto market where many altcoins are struggling to stay bullish and facing intense corrections, AAVE is showing signs of a strong recovery after a recent dip. AAVE seems ready for a breakout and could potentially reach the $150 mark. However, it’s uncertain if this uptrend will withstand the broader market’s correction or…
Bitcoin has faced significant volatility, recently dropping from the $69k-$70k resistance zone. Trends among long-term holders show a decrease in active sales, suggesting that sellers may be running out of steam. At the same time, whale accumulation indicates that the largest Bitcoin holders are becoming more confident despite the falling prices. Recent insights reveal shifts…
Wealth advisor Mickle believes that XRP is showing a “moon pattern,” suggesting the potential for significant gains for investors. Despite the recent crypto market sell-off caused by Bitcoin’s volatility, XRP hit a new low of $0.5446 today after reaching a four-month high of $0.65 last week. This was an impressive feat during the previous bearish…
San Francisco-based blockchain company Ripple Labs has released an additional 500 million XRP from escrow after withdrawing a larger amount earlier. Popular blockchain sleuth Whale Alert, which tracks large cryptocurrency transfers and shares the details on social media platform X, reported that Ripple unleashed another significant amount of XRP from escrow. On August 1-2, the…
Today, Bitcoin’s price fell nearly 6%, forming a large red candle on the daily chart. This drop has pushed the entire crypto market into a bearish trend as the week ends. Bitcoin is currently trading around $61,592, having briefly dipped to $60,433 before a small intraday rise. This decline has led to significant drops across…
PEPE has seen a sharp drop of about 18.2% over the past three days, and market indicators are uncertain about its short-term direction. Currently, 74% of PEPE addresses are in profit, but there have been significant outflows that align with the recent price decline. This 18.2% drop has raised concerns among investors and created market…
Recently, Cardano and its ADA token have been facing challenges with growth. To improve its performance, focusing on social hype and current trends might be crucial. Cardano has been falling behind major competitors like Solana and Ethereum, particularly in areas such as transactions and NFTs. One possible reason for Cardano’s underperformance is its failure to…
The WIF cryptocurrency has experienced a notable decline in value over the past 24 hours, mirroring the broader trend of market corrections affecting various digital assets. Recent data indicates that the market is currently oversold, which could suggest the potential for further declines. As the situation evolves, it’s important to stay informed about the latest…
With Bitcoin’s price close to $64,000, memecoins have recently lost momentum and seen significant corrections. This decline presents a good opportunity for investors to buy more altcoins at lower prices, as the crypto market approaches its next bull cycle. If you’re thinking about adding more memecoins for the upcoming bull run, check out this article…
Terra faces new challenges after a $6.8 million security breach. A hacker exploited an old security patch to create fake tokens, just a week after TerraForm Labs announced a repayment plan. The community identified the hacker, but the funds are gone. Adding to the issues, Terra Luna’s blockchain was halted on July 31, 2024. Terra…
Mt. Gox’s recent Bitcoin transfer has left it with a $3 billion BTC balance. Ahead of the U.S. July jobs report on August 2nd, Bitcoin selling has continued. Mt. Gox moved 33.96K BTC, worth $2.25 billion, to addresses likely linked to BitGo, leaving it with 46.16K BTC, or $3.06 billion. This move might reduce future…
Shiba Inu, one of the leading crypto meme coins, is celebrating its fourth birthday in the crypto world. Since its launch in 2020, SHIB has navigated through numerous challenges and sectoral issues before establishing itself in the market. Although it took time for SHIB to demonstrate its value, the token has made significant progress. As…
According to IntoTheBlock, there are currently 5.9 trillion Shiba Inu (SHIB) tokens available for sale at an average price of $0.000017 each. This sale could total about $100 million in SHIB tokens. The data also shows that buy orders have been placed for 3.4 trillion SHIB tokens, leaving 2.5 trillion tokens still on the market….
The total cryptocurrency market cap has declined by over $60 billion in the day following the FOMC meeting. Bitcoin’s price fell below $65,000 as the FOMC signaled a hawkish stance on a potential rate cut in September. Among the hardest hit was Book Of Meme coin (BOME), which dropped by 12% in the last 24…