In Brief Avalanche price will potentially continue the ongoing decline as Death Cross takes place on a 12-hour chart. Price indicators are also suggesting that bearish cues are gaining strength. Investors do not seem to be very bullish either, given their sentiment is mostly pessimistic. Avalanche (AVAX) price is among the few altcoins showing signs of…
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In Brief Bitcoin (BTC) price dips, leading to significant trader liquidations. This decrease coincides with the upcoming Bitcoin halving event. Analysts suggest volatility may be a recurring pre-halving trend. Bitcoin (BTC) experienced a notable decline today, following a promising rally the day before. As of the time of writing, it’s trading at $63,118, marking a…
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In Brief Chainlink price is moving in a descending triangle at the moment, signaling a 30% correction. Participation is declining considerably, with active addresses now at a six-month low. Given the deviation of investors conducting transactions on the network against price, a sell signal is being flashed at the moment. Chainlink’s (LINK) price is currently…
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In Brief Former Amazon engineer Shakeeb Ahmed sentenced to 3 years for hacking DeFi protocols. Ahmed exploited smart contracts, causing an exchange to shut down after draining funds. He was ordered by court to forfeit $12.3 million and pay restitution exceeding $5 million. In a landmark legal action, former Amazon engineer Shakeeb Ahmed was sentenced…
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In Brief MATIC price in a falling wedge is vulnerable to a 35% correction. Network growth is at a six-month low, suggesting Polygon is losing traction. Whales are also dumping their holdings, having sold over $16 million worth of MATIC.Polygon (MATIC) price is facing potential correction owing to growing bearishness among investors. This sentiment has…
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In Brief PUPS, a Bitcoin meme coin, surges in price and recently set its new all-time high record of $47.44. PUPS NFTs sales skyrocketing, as NFT activity on the Bitcoin blockchain surpasses Ethereum and Solana. The excitement around the upcoming Bitcoin halving and the launch of Runes fuels the momentum. PUPS, a meme coin project…
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Exclusive: Theta and Aethir set to shake up AI and gaming industries with hybrid GPU network 30X current solutions. Distributed cloud GPU network project Aethir and Theta EdgeCloud, the hybrid cloud computing platform powered by Theta Edge Network, are preparing to launch the largest hybrid GPU marketplace for developers and enterprises. The collaboration aims to provide unprecedented…
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In Brief Bitcoin value rises 4% as GBTC records low daily outflow of $17.5 million, hinting at market turnaround. Grayscale CEO sees equilibrium in GBTC after major outflows; crypto funds like IBIT, FBTC see gains. Bitcoin rebounds to $70,000 amid market fluctuations and competitive pressures on Grayscale. Bitcoin’s value soared by over 4% as the…
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iShares Bitcoin Trust also added ABN AMRO Clearing and UBS Securities in the new prospectus. BlackRock, the world’s largest asset manager, has today updated the list of Authorized Participants (APs) for its spot Bitcoin exchange-traded fund (ETF), IBIT. The ETF, which has been live since January 11, 2024, allows investors to gain exposure to Bitcoin…
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In Brief KuCoin announces a $10 million airdrop after DOJ charges for AML violations, aiming to rebuild trust. The airdrop is in response to over $1 billion in user withdrawals and includes Bitcoin and KCS tokens. The initiative targets users affected by withdrawal delays, offering compensation to regain confidence. KuCoin has announced a $10 million token…
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