On February 25, the Ethereum community witnessed a pivotal shift in its leadership with Aya Miyaguchi’s announcement of her new role as President of the Ethereum Foundation (EF), a transition she had thoughtfully considered over the previous year. Miyaguchi highlighted the lessons learned from recent industry tensions, where the network’s efficiency and ETH’s market volatility
Crypto
In a dramatic turn of events, Bitcoin (BTC) has experienced a significant downturn, losing nearly 13% of its value over a short span. Trading data reveals that Bitcoin, which once stood at $99,400 on February 21, plummeted to approximately $86,300 amid evolving economic conditions in the United States. As cryptocurrency enthusiasts grapple with the fallout,
In a stark display of market volatility, Bitcoin experienced one of its most tumultuous days recently, witnessing a staggering 10% drop. This financial nosedive equated to a decline of about $10,000 in USD value. Such dramatic fluctuations are not uncommon in the cryptocurrency world, but this particular event sent shockwaves throughout the entire crypto market.
The evolving landscape of cryptocurrency investment is poised for a significant transformation, primarily driven by institutional interest and regulatory developments. Recently, Grayscale, one of the largest digital asset management firms, made headlines by filing for the introduction of a spot Cardano (ADA) exchange-traded fund (ETF) with the New York Stock Exchange. This application comes at
Bitcoin, once touted as a digital gold, is grappling with severe market disturbances that have led it to a disheartening low of over $90,000, marking its steepest decline since mid-January. This worrying trend has seen the cryptocurrency plummet by a staggering $9,000 since its zenith of $99,500 just days prior. The swift drop showcases the
In an astonishing development within the blockchain world, Berachain, an EVM-identical Layer 1 blockchain, has recently achieved a striking milestone shortly after its Mainnet launch. In just 20 days, Berachain managed to eclipse established blockchains like SUI, Avalanche, and Arbitrum in terms of Total Value Locked (TVL), peaking at an impressive $3.27 billion. Though it
In a significant setback for the burgeoning cryptocurrency sector, Infini, a stablecoin bank, has been rocked by a security breach that siphoned off an astonishing $49 million in USDC. This incident serves as a critical case study in the vulnerabilities that exist within digital finance platforms, particularly concerning administrative controls that, if mismanaged, can lead
As Bitcoin’s price starts to shift below essential technical thresholds, it invites scrutiny from traders and analysts alike. Recently, Bitcoin slipped beneath the significant 100-day moving average at $98K, now honing in on the crucial support level of $95K. This behavior showcases a subtle uptick in selling activity; however, the market’s accompanying low trading volume
Bitcoin’s recent performance has showcased a volatile rollercoaster that underscores the unpredictable nature of cryptocurrency trading. After showing some resilience over the weekend by maintaining a price around $96,000, Bitcoin faced a steep decline that mirrored the challenges confronting many altcoins. This trend was evident as Bitcoin swiftly dipped to a multi-week low beneath $93,500
Recent economic reports have painted a concerning picture of the U.S. economy, notably highlighting a significant decline in the service-sector Purchasing Managers’ Index (PMI), which recently recorded its lowest point in over two years. This drop suggests that the economy may not be as resilient as previously believed, raising red flags for investors and policymakers