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In the recent surge of Bitcoin and Ethereum prices towards new all-time highs, short-term traders have faced significant liquidations. In just the last 24 hours, over $330 million were liquidated from the crypto market, with the majority of losses coming from short traders who were betting on a price drop. According to Coinglass data, more
Recently, the Web3 gaming project Gala Game fell victim to an exploit orchestrated by an unknown attacker. This attacker, described as a compromised or rogue admin address, managed to mint a whopping 5 Billion GALA tokens, valued at over $200 million. The security breach has been contained, and the affected wallet has been frozen to
Polimec, a newly launched decentralized funding protocol on Polkadot, is set to disrupt the traditional fundraising landscape for Web3 projects. With a focus on transparency and regulatory compliance, Polimec aims to connect investors and startups globally, ushering in a new era of decentralized initiatives. The launch of Polimec represents a significant advancement in Web3 fundraising
Recently, the Securities and Exchange Commission (SEC) has requested spot Ethereum ETF applicants to update their 19-b4 filings. This move has sparked greater optimism around potential approvals within the cryptocurrency community. Bloomberg ETF analyst Eric Balchunas has mentioned that the SEC might reconsider its anticipated stance and opt not to deny the pending applications. ETF
Fantasy football has taken the world by storm, captivating millions of fans who are eager to showcase their knowledge and passion for the sport. Among the plethora of platforms available, Fanton Fantasy Football on Telegram is generating buzz for its innovative approach to the game. The standout feature of Fanton is its integration with Telegram,
Ethereum, the second-largest cryptocurrency by market capitalization, is currently poised at a crucial juncture, with a prediction of a potential breakout. Prominent crypto analyst Jelle recently pointed out that Ethereum is nearing the end of a falling wedge pattern, a situation often interpreted as a bullish signal in technical analysis. Jelle observed a falling wedge
The recent announcement of Michael Sonnhenshein stepping down as the CEO of Grayscale, the world’s largest Bitcoin ETF, has sent shockwaves through the cryptocurrency community. His replacement by Peter Mintzberg from Goldman Sachs marks a significant shift in leadership for the company. Sonnhenshein’s departure comes at a crucial time for Grayscale, as it was recently
The cryptocurrency market is abuzz with optimism as a crucial Bitcoin metric has just turned bullish, raising hopes for an impending rally in the price of Bitcoin. A unique technical pattern known as the Stablecoin Supply Ratio (SSR) Oscillator has broken below the lower Bollinger Bands, signaling a potential uptrend for the world’s largest cryptocurrency.