In Brief XRP dipped to $0.51, with LTHs showing panic, evidenced by increased asset movement amid falling prices. Network growth initially rose as XRP’s price declined but has since slowed, reflecting weakening interest from buyers. XRP aims to reclaim $0.52 as support, targeting $0.55 resistance; losing $0.47 support risks further downside. XRP price recently struggled…
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In Brief Polymarket’s Shayne Coplan has responded to allegations of bias in the platform’s US election prediction markets. Coplan explained that claims of favoritism often arise from market reactions rather than any manipulation. Coplan highlighted its peer-to-peer structure and transparency as key advantages over traditional prediction platforms. Polymarket CEO Shayne Coplan has addressed recent allegations…
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In Brief Worldcoin dropped 19%, reducing the profitable supply from 87% to 70%, impacting investor confidence and sentiment. GIOM data shows $5.58 billion in WLD turned unprofitable after an 18% drawdown, highlighting market sensitivity to price shifts. WLD needs to reclaim $2.11 support for recovery; failing this, it risks falling to $1.74, further eroding investor…
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In Brief About $80 million ETH has left exchanges within the last 24 hours, suggesting waning selling pressure. The number of Ethereum addresses holding at least $1 Million has increased, reinforcing the bias. ETH has broken out of a symmetrical triangle, suggesting that the cryptocurrency might rise by 23%. For the first time since September…
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Blockchains rely on consensus mechanisms to verify transactions, but why does it matter if a network is proof-of-work (PoW) or proof-of-stake (PoS)? In this guide, we’ll break down PoW vs. PoS in simple terms, explaining how each method ensures blockchain security while addressing the pros and cons and features of each. Here’s what to know in 2024. In this guide: What is…
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In Brief Sui price is on the brink of falling below the key support at $2.03, possibly altering the ascending channel. The Bull Bear Power shows that bears are aggressively selling the altcoin, signifying a potential decline. The MACD on the daily chart shows bearish momentum, suggesting that SUI’s price could correct to $1.83. If…
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In Brief Ethereum holders transferred about 390,423 ETH to exchanges, valued at over $1 billion. Crypto whales also appears to be selling, according to on-chain data from IntoTheBlock. ETH’s price could drop to $2,440 as bears restrict a further uptrend for the cryptocurrency. The value of Ethereum (ETH) sent into exchanges has surpassed $1 billion…
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In Brief XRP price remains stable with neutral RSI and modest buying activity, signaling an uncertain trend direction. Chaikin Money Flow turned positive at 0.08, reflecting slight accumulation but weak buying pressure overall. A potential bullish EMA crossover could break resistance if buying momentum strengthens in the coming days. Ripple (XRP) price has been relatively…
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In Brief FractureLabs sues Jump Trading, alleging manipulation of DIO token price during a 2021 market-making deal. Jump allegedly profited from a DIO price surge and crash, liquidating holdings for millions. The CFTC is investigating Jump’s cryptocurrency trading and investment practices. FractureLabs, a game developer, has filed a lawsuit against Jump Trading, accusing the firm…
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In Brief The total crypto market cap fell by $47 billion, dropping below $2.11 trillion and testing support at $2.08 trillion. Bitcoin’s price dropped to $60,947, but it holds above the critical $60,000 support level, with eyes on breaking $61,868. Aptos (APT) declined by 9%, trading at $8.42, with key support at $8.23. A recovery…
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