The Bitcoin price has shown a strong rebound after facing bearish pressure for most of the past week. With a drop below $60,000 on May 1, many investors were worried about the future of the premier cryptocurrency. However, on May 3, Bitcoin managed to climb back above the $60,000 mark and even hit $63,000 in
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The recent slump in Bitcoin post-Halving has had a significant impact on meme coin traders, particularly those involved in the Solana market. This has led to the emergence of a new token named Sad Hamster, which has seen a sudden surge in price overnight. The Sad Hamster meme has gained viral popularity in the Solana
Eigenlayer, a prominent project in the Ethereum Restaking space, is gearing up to launch its airdrop for collection on May 10th. The token $EIGEN will be swiftly listed on BingX Exchange, allowing users to engage in trading activities right away. This development is poised to make waves in the crypto community. Eigenlayer distinguishes itself as
Recently, Rep. Maxine Waters has put forth the nomination of Ms. Kristin Johnson, a current Commissioner of the US Commodity Futures Trading Commission (CFTC), for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury. Waters praised Johnson’s expertise in financial regulation and her dedication to maintaining the integrity of financial
The recent drop in Bitcoin’s price below the critical $59,000 support level has stirred up concerns within the cryptocurrency market. This downward movement has led to liquidations in the futures markets, indicating a potential for further decline if a market capitulation occurs. CryptoQuant, a cryptocurrency analysis platform, reported approximately $120 million in liquidated long positions
MicroStrategy recently unveiled a new Bitcoin-based strategy called “MicroStrategy Orange” during their annual MicroStrategy World conference. This strategy aims to combat online spam through an open-source decentralized identity solution built on Bitcoin. While the company’s executive chairman, Michael Saylor, describes it as an “enterprise-grade platform for implementing Decentralized Digital Identifiers (DIDs),” there has been skepticism
The recent Town Hall meeting at Otherside brought forth a groundbreaking announcement – a partnership between Yuga Labs and Improbable. This collaboration entails migrating Otherside onto Improbable’s MSquared network, a move that has stirred excitement within the community. Otherside is not just any metaverse; it is a shared virtual space that offers unique experiences, allowing
Telegaon, a crypto prediction website, has recently provided insights into the potential future price of Cardano (ADA) reaching $45. This prediction represents a significant 8,900% price gain from its current price level, which undoubtedly catches the attention of ADA holders. The prediction was made in a blog post, outlining the factors that could contribute to
Coinbase recently reported a staggering $1.64 billion in revenues for the first quarter, surpassing the expected amount of $1.34 billion. This surge in revenue comes at a time when the crypto market is experiencing a robust Bitcoin rally, massively impacting industry players like Coinbase. The company’s earnings per share stood at $4.40, a significant improvement
The recent market-wide crash has pushed the Bitcoin price below $60,000, sparking concerns among investors and analysts. One such analyst, known as Norok, has identified $51,800 as the most critical support level for Bitcoin at the moment. This level, last seen in December 2023, is now being closely watched to determine the future trend of
Web3 has ushered in a new era of creativity and innovation, with Imaginary Ones at the forefront of this digital revolution. This blockchain-based platform has successfully merged art, storytelling, and community engagement to create a unique and immersive entertainment experience. With the recent milestone of 2 million downloads for their mobile game Bubble Rangers, Imaginary
In the past 24 hours, Dogecoin ($DOGE) has managed to bounce back by 7% after experiencing a brief market crash. Despite this recovery, the cryptocurrency is still trading at $0.1317, which is a 12% decrease from its value a week ago. This makes Dogecoin one of the biggest losers in the last seven days. Unlike
The cryptocurrency market is currently experiencing a turbulent period, characterized by a significant pullback. This cycle has been heavily influenced by the mania surrounding meme coins and the hype surrounding spot Bitcoin ETFs. Economist and trader, Alex Krüger, recently shared his observations on this unusual market cycle, highlighting the dominance of meme coins and the
Recently, Fintech giant Block has come under scrutiny by federal prosecutors from the Southern District of New York. Allegations of significant compliance failures involving its main business units — Square and Cash App have arisen. Federal prosecutors launched a probe after a former employee disclosed lapses in the company’s transaction monitoring systems. According to sources