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The cryptocurrency market has recently been on a roller coaster ride, with some dramatic shifts in market dynamics over the past several weeks. One of the most talked-about and notable events is the impending unlock of 11.2 million Solana ($SOL) tokens. This event, set for March 1, is connected to the ongoing bankruptcy situation of … Read more
In a recent report by blockchain investigator Zach (@zachxbt), a significant scam linked to the infamous Lazarus Group has emerged, revealing a staggering $3.2 million in USDT stolen from a user on the Tron network. The stolen funds were not only transferred from Tron but were also routed through Ethereum, where they were split and … Read more
In the most recent update on the stablecoin market, Circle has made considerable modifications to its USDC issuance and redemption process. At the same time, Tether appears to be cementing its dominance—especially on the TRON network. For the past week, Circle issued around $3.7 billion in USDC, while redeeming about $4.3 billion of the same. … Read more
This week, the cryptocurrency market took a drastic downturn, with substantial declines in the prices of Bitcoin (BTC) and Ethereum (ETH), along with some major happenings that affected the wider ecosystem. The total market cap tumbled down 13.2%, landing at $2.917 trillion. The market leader, Bitcoin, didn’t fare too well either, as its value dropped … Read more
The cryptocurrency market keeps evolving. The unlocking of tokens can have a serious effect on the price, liquidity, and market sentiment. Token unlock events are key moments in a project’s lifecycle. They often mark the end of a vesting period for early investors, founders, and other stakeholders. These unlocks can lead to serious selling pressure … Read more
Grayscale, one of the most recognized investment companies in the digital currency world, has broadened its “Grayscale Smart Contract Fund” to now encompass a varied ensemble of well-known cryptocurrencies. This move reflects not only a deepening interest in smart contract platforms but also—ahem—a growing respect for their long-term potential. Grayscale’s freshly tweaked fund saw big … Read more
The last few weeks have seen a stormy cryptocurrency market, with high emotions generated during what some may consider Bitcoin’s most challenging week since the crash on August 5, 2024. We are still reeling from that downturn, and many of us in the crypto space are trying to sort it all out. And while we … Read more
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Ending January on a weak note, Sol posted more losses in the following month and dipped to its lowest level after five months of trading. It has recovered well from the dip, but the bears are not giving up yet. From a low of $125.5 last month, Sol entered this month on a recovery note … Read more
Crypto bearish sentiments are getting stronger weekly due to notable volume outflows, although there’s still hope for the bulls if the trend reverses above $0.4. Hbar finds a temporal support. Hbar’s trend is still under the bears’ radar on the daily chart as it keeps seeing a back-to-back drop in the past few weeks. There’s … Read more