In Brief Paolo Ardoino denies Bitfinex hack, citing data mismatch. Only 5,000 of 22,500 emails match Bitfinex accounts. The crypto exchange continues robust security review. Bitfinex CTO Paolo Ardoino has confidently dismissed claims of a security breach at the cryptocurrency exchange. Ardoino’s clarification comes after rumors circulated about a potential database leak involving 22,500 records of emails…
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In Brief Solana’s price is currently in a descending wedge, and investors are anticipating a breakout. Price indicators suggest SOL’s bullish momentum could persist over the next few trading sessions. The P/S ratio highlights that despite the growth in revenue, SOL is still highly undervalued. Solana’s (SOL) price is on the brink of breaking out of…
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In Brief XRP’s non-empty wallets up 7%, total 5.2 million wallets. Uniswap wallet addresses grow 140% to 7.26 million in a year. Both projects show rising investor interest, market activity. XRP and Uniswap have demonstrated a considerable increase in the number of new addresses. This growth reflects heightened investor interest and expanding market activity. XRP…
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In Brief Pension funds eye Bitcoin ETFs after Fidelity’s launch. Major shift as institutions warm to crypto investments. Bitcoin’s mainstream acceptance could grow significantly. The financial sector is seeing a significant shift as pension funds begin exploring crypto investments. This trend is driven by the recent approval of spot Bitcoin exchange-traded funds (ETFs). Fidelity Investments…
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XYO, a company pioneering technology to improve data validity and user control, has taken a significant step towards a more empowered digital future. On 1st May 2024, they launched the beta version of xyOS, a groundbreaking operating system designed to simplify blockchain interaction and put you back in charge of your digital life. With this innovative development, XYO aims…
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In Brief Yuga Labs partners with Somnia to enhance Otherside metaverse’s interoperability. Somnia’s L1 blockchain to boost Yuga NFTs’ functionality and user incentives. New partnership allows consistent avatar use across metaverse experiences. Yuga Labs, creators of the Bored Ape Yacht Club NFTs, have announced a groundbreaking partnership with Somnia, an emerging powerhouse in blockchain technology designed specifically…
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In Brief Dogecoin’s price, despite the short-term recovery, is still vulnerable to further corrections on the daily chart. The investors have been pulling back from the meme coin, which is evident in the OI dropping by 1 billion. Their optimism has been missing since the beginning of the month and could stay that way for…
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In Brief Fantom’s price has failed two attempts at breaching the resistance block it has been under for the past three weeks. MACD shows that the altcoin has a shot at recovery as a bullish crossover can be seen forming on the 8-hour chart. A buy signal is also being flashed on the price DAA…
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In Brief Bitcoin and Ethereum options face expiry, with notional values of $1.39 billion and $1 billion, respectively. Bitcoin’s current maximum pain point is $61,000, highlighting a key level that traders should be aware of. Although market volatility expectations are high, the impact of options expiry is generally short-lived. Friday has come, which means it’s…
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In Brief Bonk price is in a descending wedge, and the lower trend line will likely be tested again. This would result in a potential 50% drawdown, which broader market cues support. BONK holders are also betting on a price drop since Funding rates are highly negative. Bonk failed to breach a key resistance trend line,…
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