The Rehabilitation Trustee of the now-defunct crypto exchange Mt. Gox recently provided an update regarding its significant Bitcoin holdings. Despite transferring over 140,000 BTC (approximately $10 billion) in a recent transaction, the trustee confirmed that it has not sold any of its Bitcoin holdings. The trustee clarified in a statement on May 28 that preparations
In the ever-expanding world of NFTs, Magic Eden Marketplace has emerged as a vibrant hub for NFT enthusiasts in 2024. Initially focusing on the Solana-based NFT sector, Magic Eden has successfully broadened its horizons to support Ethereum NFTs and the newest Bitcoin ordinals. One of the standout features of Magic Eden is its impressive wallet
The recent approval of spot Ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission has raised several concerns regarding potential market dynamics. According to a report by Kaiko, if Grayscale’s upcoming spot Ether ETF follows the trend set by the company’s Bitcoin Trust, it could potentially see an average outflow of $110 million
In the world of cryptocurrency, Ethereum (ETH) has seen a significant technical breakout recently, signaling a potential market surge. Analysts have noted that Ethereum has broken free from a bearish pattern known as the “falling wedge,” and has successfully flipped key resistance levels into support zones. This breakout has paved the way for Ethereum to
The Normie (NORMIE) token recently experienced a major setback as its value plummeted by a staggering 99% within a period of three hours due to a smart contract exploit. This exploit led to a significant drop in the token’s market cap from a substantial $42 million to a mere $200,000. The aftermath of the exploit
Following a crucial week for Ethereum, there is a technical candlestick arrangement that indicates a possible sharp upturn in ETH prices in the upcoming weeks and months. One analyst pointed out events in the monthly chart where the ETH/BTC ratio reversed from a multi-year support trend line. This is significant because altcoin prices typically react
Floki Inu (FLOKI) has witnessed a 20% increase in value over the last 24 hours, leading to a spike in its market capitalization to approximately $2.6 billion. This surge has catapulted Floki Inu to the fifth position within the meme coin sector, showcasing its growing popularity among traders and investors. Several factors have contributed to
The recent presale for Solana’s hillbilly Sealana ($SEAL) token has garnered significant attention from investors, raising over $3 million in just one month. This success has marked the beginning of a new wave of Solana meme coins that are capturing the interest of investors worldwide. Previous meme coins like DogWifHat ($WIF), Bonk ($BONK), Book of
The European Securities and Markets Authority (ESMA) has recently brought attention to Maximum Extractable Value (MEV) as a form of illegal market abuse within the context of the proposed Markets in Crypto-Assets (MiCA) regulation. This development, highlighted by crypto regulation commentator Patrick Hansen, has significant implications for the crypto industry as a whole. ESMA’s draft
The convergence of social media and finance has given birth to SocialFi, a revolutionary concept that empowers users and content creators in unprecedented ways. Decentralized finance (DeFi) has paved the way for SocialFi to redefine user engagement on social networks. This innovative approach allows individuals to not only control their online presence but also profit
