News

Crypto Market Shifts Focus from Memecoins to Utility Tokens

Analysts at Bernstein predict a shift in the crypto market from meme coins to utility tokens, focusing on sectors like gaming, DeFi, and NFTs. They...

COW Price Rises Over 50% Following Upbit Listing Announcement

The price of COW, the native asset of CoW Protocol, surged over 50% following Upbit's announcement to list it on February 25. Upbit Listing...

GameStop Encouraged to Use $5 Billion Cash Reserve for Bitcoin Investment

Matt Cole, CEO of Strive Asset Management, has recommended that GameStop (GME) adopt bitcoin as a reserve asset. He sent a letter to Ryan Cohen,...

Ethereum Drops 11.4% Amid Market Downturn, Bullish Signals Identified

Ethereum (ETH) dropped 11.4% in 24 hours, with Bitcoin (BTC) declining by 8%, XRP by 13.6%, and Solana (SOL) by 12.9%. Despite the downturn,...

Bitcoin Price Retracement May Signal Early Stages of Market Correction

Bitcoin's price action shows a potential correction similar to previous cycles. Key points include: In the last bull market, Bitcoin rose from...

Mantra (OM) Price Surges 159% Amid $1.51 Billion Crypto Liquidations

In the past 24 hours, liquidations in the crypto market reached $1.51 billion as total market cap fell to $2.86 trillion. Despite this decline,...

Grayscale Files for Polkadot ETF with SEC for Review

Grayscale Investments is pursuing a new ETF focused on Polkadot's DOT token, alongside its ongoing efforts to launch ETFs for XRP and Cardano. ...

AI and HPC Strategies Gaining Traction Among Bitcoin Miners

Public bitcoin miners are increasingly pivoting to artificial intelligence (AI) and high-performance computing (HPC) as part of their business...

CoinDesk 20 Index Drops 7.2% with HBAR Down 12%

The CoinDesk 20 Index is trading at 2822.97, reflecting a decline of 7.2% (-218.33) since Monday at 4 p.m. ET. Key points: No assets are trading...

Hamster Network Launches as First Gaming Layer-2 Blockchain on TON

Hamster Network, launched on September 26, 2024, is the first gaming-focused Layer-2 blockchain built on TON. It aims to enhance scalability,...

Dogecoin Price Drops Below Key Support Level Amid Market Volatility

Dogecoin (DOGE) has seen a significant decline, dropping over 10% in the last 24 hours to around $0.206 amid a broader market liquidation, with more...

Peter Schiff Warns of Potential Bankruptcy for Strategy (MSTR)

Economist Peter Schiff expressed concerns about Michael Saylor's company, Strategy (formerly MicroStrategy), potentially facing bankruptcy as its...

MELANIA and TRUMP Tokens Experience Significant Sell-Offs Amid Market Decline

TRUMP and MELANIA tokens have experienced significant declines amid a broader downturn in the crypto market. The fallout from the LIBRA token...

Ethereum Price Declines 12.6% in 24 Hours Amid Market Downturn

Ethereum's price has sharply declined, potentially heading towards $2,000. Key points include: Technical analysis indicates bearish signals on...

Binance Adds RedStone (RED) to Launchpool as 64th Project

Global cryptocurrency exchange Binance has announced the addition of RedStone (RED) to its Launchpool, marking it as the 64th project. RedStone...

Dubai Approves Circle's USDC and EURC for Promotion in DIFC

Circle's stablecoins, USDC and EURC, received approval for use within the Dubai International Financial Centre (DIFC). The Dubai Financial Services...

Bybit Hacker Launders $250 Million in Ethereum Using THORChain

The Bybit hack has resulted in the laundering of 100,000 ETH (approximately $250 million) by the Lazarus Group. Key details include: The hacker is...

Crypto Market Declines with Bitcoin Dropping Below $88,000

The cryptocurrency market is experiencing significant declines, with bitcoin dropping to three-month lows below $88,000 and the CoinDesk 20 Index...

XRP Faces Potential 17% Drop as Market Fear Grows

XRP Price Drop and Market Volatility XRP dropped over 13% in 24 hours, trading at approximately $2.15. Liquidations of $56 million occurred in...

LINK Approaches Critical $12.5 Support Amid Increased Selling Pressure

Chainlink (LINK) is facing significant bearish pressure, with prices nearing the critical $12.5 support level. This threshold could dictate its...

Upbit Undergoes Partial Business Suspension by South Korean Financial Intelligence Unit

South Korea's Financial Intelligence Unit (FIU) has partially suspended Upbit's business for three months. New customers are restricted from...

Ohio Lawmakers Introduce Bill to Exempt Crypto Transactions from State Taxes

Ohio lawmakers have introduced a bill to exempt cryptocurrency transactions from state taxes for payments of goods and services. This could position...

Bitcoin Price Drops Below $88K While Traders Increase Long Positions on Kraken

Crypto traders are actively buying Bitcoin on Kraken as its price falls to a three-month low. Key points include: Bitcoin dropped below $88,000,...

Arthur Hayes Predicts Bitcoin Could Drop to $70,000 Amid Market Volatility

The cryptocurrency market is currently facing high volatility, with Bitcoin dropping 6.90% in the last 24 hours to below $89,266.65, marking a fall...

Ether Approaches $340 Million in Potential MakerDAO Liquidations

Ether's ETH price decreased by 11.5% in 24 hours, approaching significant $340 million liquidations on MakerDAO. Three MakerDAO positions will...

Analyst Identifies Key Setup for Potential XRP Rally to $34

XRP is showing new trading patterns against Bitcoin, with a 31% gain over the past month. Despite a recent 15% decline in the last week,...

Bitcoin Price Falls Below $88K, Causing Over $1.3B in Liquidations

Bitcoin's price has dropped over 7% in two days, falling to around $87.7K after breaching the support level of $91K. Currently, it is testing a...

Cardano Price Drops Over 9% Amid Market Selloff and ETF Acknowledgment

Cardano's price has dropped over 9% today, leading to a total monthly loss exceeding 33%. This decline occurs despite the US SEC recognizing NYSE...

Ethereum Price Drops 40% Amid Bearish Market Sentiment

Ethereum's price has dropped nearly 40% from its previous high of $4,000, now trading at $2,410 after a 4.18% intraday decrease. This follows a...

Crypto Fear and Greed Index Hits Five-Month Low of 25

Crypto traders are experiencing heightened anxiety as the Crypto Fear and Greed Index fell to a five-month low of 25, indicating "extreme fear."...
0