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In the past week, the cryptocurrency token Mantra (OM) has seen a dramatic upswing of +13.37%. This seems to be driven by strong on-chain fundamentals, and the token’s performance has been even more impressive when considered against the recent downturn across much of the crypto space. OM has been one of the top-performing assets these … Read more
The cryptocurrency market is still changing, but it remains clear that Bitcoin (BTC) is the dominant player. Bitcoin is most often leading the market in both kinds of movement—up in a rally or down in a correction. But other sectors like Artificial Intelligence (AI) tokens, Memecoins, Gaming tokens, and the Solana ecosystem have created their … Read more
The Bitcoin hashrate has taken a distinct downward turn of late, causing some furrowed brows in the mining community. The network hashrate now sits at a 30-day moving average of 807.26 million terahashes per second (TH/s), having dropped a not-so-subtle 19.1 percent from its high of 997.4 million TH/s. While this slide may look alarming … Read more
While downward pressure on the cryptocurrency market shows no sign of letting up, a notable market “whale” has made the decision to signal an otherwise bearish outlook on two major DeFi tokens—Lido (LDO) and Aave (AAVE). This particular whale, a big holder of crypto assets, has sold off in total $5.98 million worth of these … Read more
While the cryptocurrency market carries on its downward trend, significant losses are being suffered by the bulls, with some of the major players seriously impacted by the current market conditions. In the past 24 hours, we’ve seen an alarming amount of liquidations, particularly among traders who were long on a variety of high-profile assets. With … Read more
In a daring move that could shift the decentralized finance (DeFi) dynamics on the Solana blockchain, Pumpdotfun, a burgeoning entity in the crypto ecosystem, is developing its own Automated Market Maker (AMM) liquidity pools. Presently in the testing phase at amm.pump.fun, these pools will offer an alternative to existing DeFi platforms such as Raydium, which … Read more
The $BAN token, associated with the Comedian token project, has recently exemplified the extreme price volatility so common in the cryptocurrency world. In the last 12 hours, $BAN has soared from $0.10 to a high of $0.25, only to crash back down and lose over 50% of its value in the last hour. This sudden … Read more
The token linked to the Raydium protocol, $RAY, is no different in this regard. In the recent past, it has seen significant downturns, with a 30% drop closely following the announcement from Pumpdotfun that they had created an AMM. The fall, of course, got “some whales” like DMBZ2…XvQvD feeling quite uneasy. We have no way … Read more
Binance’s increased focus on meme coins is intensifying its competition with other leading networks. The latest figures indicate that the Binance Smart Chain has now moved ahead of Solana in terms of transaction volume. That is a pretty big deal. Solana’s fast, cheap transactions made it a prime destination for decentralized finance applications and for … Read more
Circle, the issuer of the widely used USDC stablecoin, has continued its aggressive expansion on the Solana blockchain by minting an additional $250 million worth of USDC. This recent mint marks a significant milestone, bringing the total amount of USDC minted on Solana over the past seven days to an impressive $1 billion. Circle’s strategy … Read more