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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
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
A newly formed wallet, named “0x3ac,” has been making waves in the world of cryptocurrency by spending a stunning $49.5 million worth of DAI to buy a hulking 17,695 ETH. The buying spree, which took place just a little over an hour ago, has sent shockwaves through the industry. It’s rumored to be connected to … Read more
An issue that seems to be stirring up a not-insignificant amount of controversy lately is Kanye West’s presence on social media—most notably, X, the platform formerly known as Twitter. Recently, multiple people have said that the rapper and fashion mogul might have sold his official X account, citing a number of odd alterations on his … 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
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
