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Following a recent security breach, Bybit, one of the top cryptocurrency exchanges, has provided an official update regarding the hack that saw a significant amount of Ether (ETH) taken from its platform. The exchange’s CEO, Ben Zhou, has confirmed that all Ether losses have been covered and that funds taken by the hacker are in … Read more
The overall cryptocurrency market keeps being rocked by the recent Bybit debacle, with sharp drops hitting a number of coins. Solana has absorbed one of the heaviest hits in the hacking aftermath. Investigations into the incident have uncovered that the stolen funds were bridged to our beloved blockchain and that concerns have arisen about possible … Read more
Ethereum’s micro-outlook remains bearish but the price has continued to contract daily as it eyes a key level for a retest. It will likely resume bearish pressure once a rejection occurs – down 5% since yesterday. Since Ethereum made a sharp rejection from around $2,120 earlier this month, the market has remained uninteresting due to … Read more
Bitcoin’s recent surge was short-lived as the $100k mark continued to pose a threat, suppressing further buying phase. While gathering liquidity, it may lose momentum if this mark level continues to hold as resistance. Last week, Bitcoin attempted a bullish move after a slight break from a two-week consolidation phase. The move was quickly stopped … Read more
The cryptocurrency world is ever-changing, and fresh tokens regularly arrive to capture investors’ and traders’ attention. One recent token that has been making a stir is $KAITO, thanks to its arrangements for market making and the debates around its airdrop. Wintermute, a major player in the industry, has been ensuring that $KAITO has the necessary … Read more
Here in the realm of cryptocurrency, large investors—affectionately dubbed “whales“—can and do exert the power to sway the market in either direction. When a whale decides to either buy or sell not just a few but many thousands of a certain token, the price will respond in either an up or down motion with varying … Read more
Chun Wang, a well-known personality in the cryptocurrency community who co-founded two major mining pools, F2Pool and Stakefish, has kept on offloading large amounts of Lido DAO tokens (LDO). Just now, Wang sold another 300,000 LDO tokens for 517,926 USDT, at a price of $1.726 per token. This sale is part of an ongoing, larger … Read more
A significant entity in the cryptocurrency sector, recognized by the wallet address “inveteratus.eth,” has taken another big step by divesting itself of all 1,230 Maker (MKR) tokens for what amounts to 1.781 million USDC. This transaction, which wrapped up less than four hours ago, marks the second successful Redwood MKR trade for this whale in … Read more
Although Litecoin (LTC) has frequently been eclipsed by other cryptocurrencies like XRP, Solana, Chainlink, and Cardano when it comes to the amount of social media buzz and popular attention, the digital asset has been enjoying something of a quiet renaissance lately, with its price rising sharply in the past couple of weeks. From February 2 … Read more
The blockchain platform Sei Network, which initially captured interest for its focus on NFTs and decentralized finance (DeFi), has in recent times experienced a huge swing toward gaming. The network’s burgeoning popularity and utility have been underscored by two significant developments in the market that could be seen as signs of the growing appeal of … Read more
