The latest analysis conducted by Santiment reveals a significant decline in whale activity across major cryptocurrencies like Bitcoin and Ethereum. During the period of March 13-19, Bitcoin witnessed 115.1k transactions valued at over $100k each. However, by August 21-27, this number had decreased to just 60.2k transactions, showing a noticeable slowdown. Ethereum also saw a
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The Open Network and its native token, TON, have been facing a series of challenges recently. One of the most notable incidents was the sudden and drastic drop in the price of TON on CoinMarketCap. Within minutes, the price plummeted by over 90%, from $5.2 to around $0.3. This massive 94% dump caught many investors
Binance CEO, Richard Teng, recently criticized the Nigerian government for its treatment of Tigran Gambaryan, an American executive who has been detained since February. Teng spoke out against the inhumane treatment of Gambaryan and called for his release for medical treatment and to be reunited with his family. A viral video surfaced showing Gambaryan struggling
Recently, the renowned crypto analyst known as the ‘Titan of Crypto’ shared an intriguing technical pattern with his 90,000 followers. This pattern, a golden cross, is currently forming between the 100-day moving average and the longer 200-day moving average. Unlike the typical golden cross, where the 50-day MA crosses above the 200-day MA, this unique
The Ethereum price action has been disappointing for traders over the past few months, with a 23% decline over a 30-day period. This bearish trend has defied the expectations of many ETH investors who were hoping for a surge following the launch of Spot Ethereum ETFs. Despite this downturn, technical analysis indicates that Ethereum’s recent
As Season 1 of MetalCore approaches, players are gearing up for a gaming experience like never before. The introduction of new gameplay improvements is set to revolutionize the way both new and seasoned players engage with the game. One of the standout features is the “Intro Mission,” designed to provide players with a more refined
The Crypto Wealth Report 2024 by Henley & Partners revealed a significant increase in the number of individuals holding over $1 million in digital assets. The report stated that the number of Bitcoin millionaires has grown notably, with the total value of the crypto market reaching $2.3 trillion, marking an 89% increase from the previous
The recent filing by the US Securities and Exchange Commission (SEC) regarding the repayment strategy in the FTX bankruptcy case has raised significant concerns within the industry. The plan to repay creditors using stablecoins or other digital assets has been met with skepticism from the SEC, leading to potential challenges under federal securities laws. In
The crypto space recently suffered a significant blow, with over $313 million in losses attributed to more than ten different hacks. Among these hacks, phishing attacks were the main culprits, accounting for a staggering 93.5% of the stolen funds. This highlights a crucial weakness in the industry’s security infrastructure, as malicious actors continue to exploit
Recent data from Bitbo has revealed that Bitcoin miners experienced a significant decline in revenue generation in the month of August. With only $827 million secured, this marks a more than 10% drop from the previous month’s $927.35 million. Additionally, it is a staggering 57% decrease from March 2024 when the industry earned over $1.9
Recently, digital asset investment products experienced a decrease in outflows amounting to $305 million. This negative sentiment was felt across various providers and regions. According to CoinShares, this decline can be attributed to the release of stronger-than-expected economic data from the United States. This data has led to a decrease in the probability of a
Bitcoin’s recent price movements have not been favorable, with the asset plummeting to a 2-week low of $57,100 in the past 24 hours. This downward trend comes after a brief surge last week that saw bitcoin reach over $65,100. However, the positive momentum was short-lived as the asset struggled to maintain its gains and started
OKX’s Singaporean entity, OKX SG, recently made headlines by securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore, as it provides businesses with the ability to operate without daily or monthly transaction limits. Companies seeking this license must meet strict criteria, including being
Cardano recently completed its Chang upgrade, marking a significant shift towards a decentralized governance system. This upgrade, named after Chinese mathematician Ch’ang Shou, introduces key changes that empower ADA holders to actively participate in the network’s future direction. By enabling on-chain voting and introducing Delegate Representatives, Cardano is moving towards a more democratic decision-making process.