The Ethereum price action has been a disappointment for many traders in recent months. The cryptocurrency is currently stuck in a bearish trend, with its price dropping by 23% over the past 30 days. This downward trend has not aligned with the optimistic expectations of ETH investors, especially after the launch of Spot Ethereum ETFs.
Recently, a prominent crypto analyst known as the ‘Titan of Crypto’ shared with his 90,000 followers on Twitter an unprecedented technical pattern taking shape in the market. This pattern involves the formation of a golden cross between the 100-day moving average and the longer-term 200-day moving average. Unlike the typical golden cross, which involves a
The US Securities and Exchange Commission (SEC) has recently voiced its concerns over the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan, which involves repaying creditors through stablecoins or other digital assets, has raised red flags for the SEC. The commission has stated its reservation to challenge these transactions under federal securities
The upcoming Season 1 of MetalCore promises to bring significant improvements to the gameplay experience. One of the key features highlighted is the introduction of the “Intro Mission,” aimed at providing players, both new and experienced, with a refined understanding of the game mechanics and lore. This introduction mission is expected to add depth to
The cryptocurrency space is no stranger to security breaches, with the recent month seeing a staggering $313 million in losses due to over ten different hacks. The majority of these losses, amounting to 93.5%, were a result of two large phishing attacks that targeted unsuspecting crypto holders. These incidents served as a wake-up call for
The Crypto Wealth Report 2024 by Henley & Partners has revealed astounding numbers in the digital asset space. The report shows a staggering 95% increase in the number of individuals holding over $1 million in digital assets, totaling 172,300. Furthermore, the total value of the crypto market has climbed to $2.3 trillion, marking an 89%
The recent outflows of $305 million in digital asset investment products have been attributed to stronger-than-expected economic data from the United States. This unexpected data has significantly decreased the likelihood of a 50-basis point interest rate reduction by the Federal Reserve. As a result, CoinShares predicts that the asset class will become increasingly sensitive to
Recent data from Bitbo, a leading BTC on-chain analysis platform, reveals a significant decline in mining revenue for Bitcoin miners in the month of August. The figures show that BTC mining activities generated only $827 million, marking a more than 10% decrease from the previous month’s $927.35 million. This drop represents a 57% decrease from
Yuga Labs, known for the Bored Ape Yacht Club, has recently announced the launch of a new division called “The Workshop.” This strategic move, led by CEO Greg Solano, aims to foster a culture of rapid iteration and innovation within the company. Solano envisions The Workshop as a team of “no fat, just doers” focused
The recent news of OKX SG, a crypto exchange entity, securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) is a significant milestone for the company. This achievement not only allows OKX SG to operate without daily or monthly transaction limits but also highlights the growing importance of Singapore as