Crypto

ENA, the native token of Ethena, has been experiencing intense pressure from sellers in recent weeks. This has led to a significant drop in its price, with ENA plummeting to $0.73, marking its lowest level since May 20th. The consequences of this price decrease have been particularly harsh for ENA stakers, as evidenced by the

The recent release of the latest US Consumer Price Index (CPI) data has had a notable impact on the cryptocurrency market, with Bitcoin and Ethereum experiencing a surge in prices. Over the past 24 hours, Bitcoin posted gains of 3.4%, while Ethereum saw an increase of 2.43%. Despite this upward trend, the market remains uncertain,

As risk assets in the financial sector face vulnerability, market experts have warned that bitcoin (BTC) could also be pushed into a “slow bleed environment” due to certain economic factors. Recent concerns about United States authorities not cutting interest rates soon have left risk assets, including BTC, looking shaky. The release of stronger-than-expected jobs data

The US spot Bitcoin ETFs, including GBTC, made a strong start to June despite hints of waning hype. In the first week alone, these ETFs collectively purchased 25,729 BTC. This was a significant increase compared to previous months. Data shows that in January, these ETFs acquired 33,456 BTC, followed by 116,561 BTC in February and

Bitcoin, the flagship cryptocurrency, experienced a weekend of dull price actions that were only briefly interrupted by a minor increase toward $70,000 before being stopped in its tracks. Despite the brief surge, Bitcoin quickly returned to familiar ground. The market witnessed sluggish movements in most altcoins, with the exception of BNB, NEAR, FIL, FET, and

In the previous market cycle, altcoin and Bitcoin pairs experienced a capitulation in June 2019, coinciding with the United States Federal Reserve’s decision to cut interest rates. The current chart pattern is eerily similar, hinting at a potential final flush out of altcoins before the upcoming Fed rate decision on June 12. Despite this, the

The cryptocurrency market has been experiencing significant fluctuations recently, with Bitcoin in particular showing signs of a potential rally towards $83,000. Analysts like 10x Research CEO Markus Thielen have pointed out a “head and shoulders” chart pattern that is nearing completion, indicating a bullish outlook for the future. While Bitcoin did face resistance and pulled

Core Scientific, a key player in North America’s digital infrastructure industry, has recently announced a groundbreaking partnership with CoreWeave, an AI Hyperscaler. This partnership involves a series of long-term contracts spanning over 12 years, where Core Scientific will provide approximately 200 MW of infrastructure to support CoreWeave’s high-performance computing (HPC) operations. This significant milestone for

In a recent announcement, Coinbase CEO Brian Armstrong revealed that the ‘Stand With Crypto’ movement has reached one million supporters who are advocating for the crypto industry. This milestone was celebrated by Armstrong, who emphasized the significance of having such a large number of advocates, stating, “That’s a lot of voters!” The surge in membership,

The recent indictment by the US Department of Justice (DoJ) has sent shockwaves through the media industry. Bill Guan, the chief financial officer of Epoch Times, has been accused of participating in an elaborate international scheme to launder approximately $67 million of illicit funds using cryptocurrency. The allegations reveal a sordid tale of deceit and

Bitcoin’s price took a significant hit on Friday, reversing its upward trajectory and dropping by over $3,000 in a matter of hours. This came as a surprise to many, especially considering the ongoing inflows into US-based ETFs. The key question here is: why did this drop occur, given the positive news surrounding cryptocurrency ETFs? One

Recently, XRP has been hovering around the $0.52 mark, but experts have differing opinions on its future trajectory. While some analysts believe that XRP has the potential to rise to $0.70 this summer, others are more cautious and predict a possible drop to $0.27. This conflicting outlook has left investors wondering which direction the digital

Recently, there has been a surge in fraudulent activities within the cryptocurrency space, with the most recent incident involving an early investor in the Solana-based meme coin known as ANDY. This exploitation has not only resulted in financial losses for investors but has also raised concerns about the security and trustworthiness of such projects. The

The creditors of the bankrupt cryptocurrency exchange FTX have recently filed an objection to the proposed reorganization plan put forth by the platform. This objection, submitted in the U.S. Bankruptcy Court for the District of Delaware, raises several critical issues with the plan that they believe do not align with the requirements set forth in