In Brief PEPE price drops 8% in 24 hours, with RSI at 33.3 nearing oversold territory, suggesting possible further downside before a rebound. The 7D MVRV Ratio at -9.3% reflects significant short-term holder losses, with historical trends pointing to potential lows near -12% to -15%. Key support at $0.0000188 is critical; a breakdown could lead…
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In Brief Ink, the L2 blockchain by Kraken, launched on mainnet ahead of schedule, fueled by strong community support and developer enthusiasm. The project focuses on decentralization and interoperability, aiming to push the boundaries of on-chain experiences for users and builders. Ink integrates deeply with Optimism’s Superchain, driving Ethereum scaling and bolstering both platforms’ growth…
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In Brief PENGU token dropped 50% following its Solana airdrop launch. Pudgy Penguins NFTs also saw a sharp decline in floor price as holders sold off. Over 20% of PENGU’s supply was liquidated, reflecting $9.3M in sell-offs. The Pudgy Penguins ecosystem token, PENGU, launched on Solana this Tuesday, soaring into the top 100 cryptocurrencies by market…
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In Brief Bitcoin spot ETFs in the US have surpassed gold ETFs in AUM, despite gold’s 20-year market lead. Major players like BlackRock and Fidelity drive demand, enhancing Bitcoin’s credibility and accessibility. Younger investors view Bitcoin as “digital gold,” reflecting a shift toward modern, decentralized store-of-value assets. Bitcoin has overtaken gold as the leading financial…
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In Brief Meme coin trade volumes have dropped significantly from $30 billion to under $14 billion in just one month. Leading meme coins are showing flat performance, while a few outliers like FARTCOIN briefly overperformed. High-profile scams and declining market dominance have possibly led to reduced trader interest and lower sector performance. Data from across…
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In Brief Binance to list CAT meme coin and PENGU token on Dec 17, with trading pairs including USDT, BNB, FDUSD, and TRY. CAT surged over 60% after the announcement, while PENGU marks its first-ever distribution with 623 million tokens in circulation. Critics question Binance’s listing practices, citing price volatility and concerns about pump-and-dump patterns.…
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In Brief Travala (AVA) surges 300% after Binance CEO reveals early investment and reports $100M in annual revenue. RSI drops from 96 to 47.8, signaling a transition from overbought conditions to neutral territory as momentum cools. ADX decline to 39.5 suggests weakening trend strength, with key support at $1.56 and resistance at $3.38. Travala (AVA)…
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In Brief MicroStrategy owns over 2% of Bitcoin’s supply, using debt and equity to amass 423,650 BTC worth $41.5 billion. Corporations like Riot and Marathon follow MicroStrategy’s lead, raising millions to expand Bitcoin treasuries. MicroStrategy legitimizes Bitcoin but raises risks of market instability and centralization with concentrated holdings. MicroStrategy, under the leadership of Michael Saylor,…
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In Brief Hyperliquid’s price surged 48.6% to $21.48, driven by strong demand, limited selling, and lack of exchange listings. Virtuals Protocol (VIRTUAL) climbed 41.5% to $2.57, fueled by AI token demand and sustained buying pressure Aave rose 36.20% as whales and a Trump-linked crypto project accumulated the token. as the price eyes $440. As December…
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In Brief OpenSea, a leading NFT marketplace, has registered a foundation in the Cayman Islands. The move is fueling speculation that the NFT marketplace could launcg a token soon. This comes as OpenSea faces declining trading volumes and increased competition. OpenSea, one of the largest NFT marketplaces, has reportedly established a foundation in the Cayman…
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