The cryptocurrency market experienced a tumultuous Monday, marked by extreme volatility that saw Bitcoin plummet to a new monthly low of $64,000. Altcoins also faced significant fluctuations, with many suffering massive declines. This sudden downturn resulted in over 190,000 traders being liquidated within a single day. Market Behavior and Price Movements Over the weekend, Bitcoin
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Telegram Mini-Apps Tapswap and Yescoin are breaking ground by launching their own tokens on The Open Network (TON). This move signifies a significant shift towards integrating blockchain technology into mobile gaming, particularly driven by the rising popularity of clicker games on Telegram platforms. The surge in user engagement within clicker games on Telegram, such as
One prominent crypto analyst, Jelle, has recently made a bold projection regarding the price of Ethereum (ETH). According to Jelle’s analysis, Ethereum is poised to surge to $5,000 by the end of this year. This optimistic forecast is supported by a technical perspective that suggests Ethereum is currently in a phase of stabilization above the
On June 17, SEC crypto asset enforcement chief David Hirsch announced his departure from the agency after serving for almost nine years. He expressed pride in the work done by the Crypto Assets and Cyber Unit team under his leadership. Hirsch took on the role of leading the SEC’s Crypto Asset and Cyber Unit in
In the aftermath of the FTX collapse, a fierce legal battle has erupted over the millions of dollars in assets seized from former CEO Sam Bankman-Fried (SBF). Debtor parties, along with FTX Digital Markets, have filed a petition seeking control of the assets, arguing that they have a superior right to the seized funds and
The Ethereum Foundation recently made a significant transaction involving millions of Ethereum (ETH) tokens. This transfer, which amounted to 18,089 ETH (equivalent to $64.4 million), caught the attention of many in the crypto community. The wallet associated with the Ethereum Foundation moved these tokens to a new address, sparking speculation about the organization’s intentions and
Bitcoin, the ever-volatile cryptocurrency, has shown a recent decline in price, sparking fears of an extended bear market. Amidst the uncertainty, there are some faint bullish signals emerging. One such signal is the Bitcoin Taker Buy Sell Ratio. This metric, which monitors the balance between buy and sell orders on exchanges, has dipped below one,
Shibarium, the layer-2 scaling solution for Shiba Inu, has experienced a surge in interest recently, with the number of new accounts on the network skyrocketing by over 860%. This increase could signal growing interest in the protocol and a more active community. However, not all metrics are heading in a positive direction. Daily transactions on
Liquid staking and the concept of liquid restaking have been gaining significant traction in the cryptocurrency space over the past year. Lista DAO is at the forefront of this movement, introducing an open-source liquidity protocol that allows users to earn yield on collateralized cryptocurrencies like BNB, ETH, certain stablecoins, and other assets. Additionally, Lista DAO
SnakeTON is an innovative Web3 survival GameFi that is taking the gaming experience within the Telegram app to a whole new level. With a massive 900-million user base and seamless integration of the TON Blockchain, SnakeTON offers players a unique gaming experience like never before. Players control snakes, navigating through various game modes to emerge
The recent Consensus conference held in Austin brought together industry leaders to discuss the future of blockchain technology, regulation, and the growing field of artificial intelligence (AI). Among the key predictions made at the event was the projection that the combined forces of the cryptocurrency industry and AI could inject a staggering $20 trillion into
The recent report by Coinbase sheds light on the worrisome trend of declining crypto talent in the United States. The largest US exchange pointed out the urgent need for regulatory clarity in the crypto industry to retain talent within the country. According to the report, there has been a significant decrease in the number of
Bitcoin recently experienced a dip to a monthly low of $65,000 on June 14, signaling a 5% decrease from the previous week. Despite this short-term volatility, when taking a step back and looking at the bigger picture, it becomes apparent that the cryptocurrency has been consolidating since early March. Analyst James Check noted that Bitcoin’s
The latest updates in the conflict between Nigeria and Binance have seen the country dropping tax charges against the exchange’s executives. The Federal Inland Revenue Service (FIRS) of Nigeria withdrew the tax evasion charges against Tigran Gambaryan, Binance’s head of financial crime compliance, and Nadeem Anjarwalla, the exchange’s director for Africa operations. These charges were