Bookmarking Crypto Insights
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One of the most significant cryptocurrency scams of recent memory has taken a major turn, with the scammer behind the fraudulent platform ZkCasino now suffering a loss of $27.1 million after their highly leveraged position in Ethereum (ETH) was liquidated. ZkCasino, which falsely claimed to be a blockchain-based gambling platform, has now also been linked … Read more
EOS went offensive last month after locating a solid ground in the dip. It faced rejection and later lost momentum in the late month. While currently in a sell mode, it is looking for a key support level to rebound. Last month’s performance was impressive as EOS recovered from a broad correction phase after weeks … Read more
Starting this week with a sell-off, Avax found support and recovered after registering a double-digit loss in a week. This brought a slight break in the bloodbath as it currently posts gains daily. Following months of consistent price reductions, Avax appears highly bearish on the mid-term scale as it continues to flip through several key … Read more
On April 7, Smart Money and well-known crypto figure 0xSun (@0xSunNFT) shared a candid market update, looking at the dynamics of cryptocurrency trading. For the last two months, 0xSun had employed a steady shorting strategy against altcoins, profiting from the volatility and downside pressure in the market. But now, according to his latest insights, that … Read more
In the past 24 hours, Bitcoin’s price tumbled by 10%, but the amount of liquidations that occurred in the futures market was actually quite small compared to what we’ve seen during recent bouts of volatility. Futures worth about $58.8 million got dumped, and the majority were long positions. That said, the overall vibe in the … Read more
After trending briefly bearish for three months, XRP looks ready for a major sell following a recent breakdown from a critical support level. It currently trades at support after slightly rejecting a five-month low. Closing last month’s trading with a complete head-and-shoulder pattern on the daily chart, XRP bounced off the neckline for three days … Read more
A recent on-chain transaction has led to speculation that DWF Labs, a well-known crypto market maker, might be making a move to become a principal partner of World Liberty Financial’s (WLFI) USD1 stablecoin. The transaction, in which a miniscule amount of USD1 was sent to an address linked to DWF Labs, has crypto Twitter and … Read more
The native token of the Immutable X platform, Immutable (IMX), has recently seen a significant rise in price following the resolution of a pivotal investigation by the U.S. Securities and Exchange Commission (SEC). The price increase has drawn considerable attention from both individual investors and institutions, with one whale apparently profiting nicely from the movement. … Read more
Whale activity in the cryptocurrency market is intensifying, and a recent player making waves is identified as wallet address 0xe86. In the past 14 hours, this whale has invested a massive $2.41 million into a diverse selection of decentralized finance (DeFi) tokens, including MKR, PENDLE, and HYPE. Whales have been showing elevated interest in these … Read more
In March, the cryptocurrency market experienced a massive event where more than $4 billion in tokens were unlocked, causing a noticeable price correction to take place across several major tokens. While the crypto market was still reeling from that event, it had to deal with another one in April, where quite a number of tokens … Read more