The recent distributed denial of service (DDoS) attack on the Cardano network served as a true test of its resilience. Despite the malicious attempt to disrupt its operations, the mechanisms and decentralized structure of Cardano effectively mitigated the attack, ensuring uninterrupted stability and operation. This display of strength and stability has garnered praise from bullish
Recent analysis by IntoTheBlock has revealed a shift in Bitcoin accumulation patterns, with a surge in net inflows to the largest wallets despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD). Holders with control of at least 0.1% of the total Bitcoin supply increased their holdings by 7,130 BTC in a single day,
Bitcoin recently faced a significant rejection at the $62,498 resistance level, indicating a prevailing bearish dominance in the market. This failure to break through a critical threshold has underscored the strength of selling pressure and raised concerns about potential downward trends. The rejection at the key level has triggered caution among traders and investors, prompting
Sonic, the pioneering Layer-2 (L2) infrastructure on the Solana blockchain, has recently achieved remarkable milestones since its launch. In just one week of initiating the Sonic Testnet Odyssey, the platform attracted over 100,000 unique wallets and processed an impressive 17 million transactions. These accomplishments underscore the potential of the Sonic protocol in revolutionizing gaming experiences
In an interview with the Bloomberg Investment Summit, SEC Chair Gary Gensler expressed confidence in the approval process for spot Ethereum ETFs. He mentioned that the focus is currently on asset managers ensuring full disclosure in their registration statements. Despite not providing a specific timeline, Gensler stated that the process is going smoothly. There is
Bitwise’s Chief Investment Officer (CIO) Matt Hougan recently provided insights on the potential inflows that US Spot Ethereum ETFs could attract. His analysis indicated that these funds could potentially see a significant amount of net inflows within their first 18 months of trading. Market Capitalizations Comparison Hougan based his predictions on the market capitalizations of
The recent strategic partnership between the gaming-focused blockchain Oasys and South Korean gaming community platform Vortex Gaming, a subsidiary of Inven, is set to revolutionize the gaming industry in South Korea. By joining forces, Oasys aims to broaden its reach in the Korean market and introduce Vortex players to the latest blockchain-based games available on
As Bitcoin, the leading cryptocurrency, approaches a critical juncture in its price movement, analysts are split on the future outlook. After reaching an all-time high above $71,000 earlier this year, Bitcoin has seen a pullback and is now hovering around the $61,000 support level. This recent dip has sparked a debate among market experts, with
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a topic of much discussion since it began in 2020. The outcome of the lawsuit, which aims to determine whether XRP should be classified as a security, could have far-reaching implications for both Ripple and the cryptocurrency market as
The recent trend of outflows in Spot Bitcoin ETFs has raised concerns among investors, as the funds have recorded seven consecutive days of outflows. This alarming trend has coincided with a decline in the Bitcoin price, indicating a possible correlation between institutional sell-offs and miner sell-offs. The average daily outflow of around $100 million has
The partnership between Netmarble’s Marblex and Immutable represents a significant development in the world of blockchain gaming. By harnessing Immutable’s cutting-edge zkEVM chain, a state-of-the-art layer-2 Ethereum network, the collaboration aims to revolutionize the gaming experience for both developers and gamers. This innovative technology offers numerous advantages over traditional blockchain platforms, particularly in terms of
A recent decision by a US bankruptcy court has caused quite a stir in the crypto world. FTX, a major crypto exchange, has been granted approval to move forward with a liquidation plan that would pay customer claims in cash. The plan is set to pay customers based on crypto prices at the time of
The cryptocurrency market is abuzz with excitement as asset managers gear up for the launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC). Bitwise Chief Investment Officer (CIO) Matt Hougan has extensively analyzed the potential impact of these ETFs and predicts a significant influx of funds into the
The recent downtrend in Bitcoin (BTC) has shown no signs of improvement, with the cryptocurrency reaching new local lows of under $59,000. This decline was particularly notable during the mid-hours of the United States Monday trading session, as BTC briefly fell below $60,000 to hit a new low of $58,500. The persistence of this slump