After rejecting from upper-trendline resistance, ApeCoin (APE) has experienced a significant tumble of 8%. This latest drop adds to a nine-month cascade, leaving many investors worried about the future of ApeCoin. In addition, the broader Bored Ape Yacht Club (BYAC) ecosystem has been facing disarray, with the value of its NFT collection plummeting over the
Optimism (OP) has been performing impressively as it records gains in both the short and long term. With a 5% increase in the last 24 hours and a 15% gain in the last seven days, OP has attracted the attention of investors. This upward momentum aligns with the general recovery witnessed in the overall crypto
October is becoming an increasingly significant month for several blockchain projects as they prepare for major token releases. Among them are Axie Infinity, Optimism, and Aptos, which collectively will inject over $130 million into the market. Notably, Axie Infinity leads the way with its AXS token, as it plans to release 15.1 million tokens on
Friend.tech, a decentralized social media platform built on Coinbase’s layer-2 protocol, Base, has recently experienced significant growth in terms of revenue and total value locked (TVL). According to data from Dune Analytics, Friend.tech’s revenue has surged to 10,663 Ether (ETH), while its TVL has exceeded 30,000 ETH as of October 2nd. Friend.tech was launched in
Coinbase, the popular cryptocurrency exchange, has recently obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows Coinbase to extend its payment services in Singapore, enabling the exchange to provide digital token services to individuals and institutions in the country. The MPI license granted by MAS permits Coinbase
Ripple’s XRP has gained significant attention and popularity in the cryptocurrency space. However, the ongoing lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple has impacted its price. Despite the lawsuit, analysts have predicted various future price scenarios for XRP. In this article, we will explore some of the most interesting predictions
During recent weeks, alarming details have emerged surrounding an exploit targeting FTX, a popular cryptocurrency exchange. The exploit resulted in substantial losses, with one particular address connected to the hack, known as 0x3e9, transferring more than 10,000 Ether (ETH) across various addresses. This article delves into the exploit and its consequences, shedding light on the
Arbitrum, a prominent Layer 2 solution for the Ethereum blockchain, has taken a significant step by adding the unclaimed tokens from the Arbitrum airdrop to its network’s treasury. This move by the Arbitrum Foundation marks an important milestone for the project and its community. On September 24th, the Arbitrum Foundation made an official announcement on
Bitcoin, the leading cryptocurrency, has experienced a significant reduction in trading volume and market liquidity this year. This decline in liquidity poses a potential risk for Bitcoin, as it could lead to a steep correction in its price. Market analysts have pointed out the impact of dwindling liquidity on Bitcoin’s stability and the potential consequences
Bitcoin price is once again facing a downward trend, breaking below the crucial $26,500 support level. This decline comes after an unsuccessful attempt to surpass the $27,500 resistance level. The failure to breach this level has put BTC at risk of further losses in the near term. BTC is currently trading below the $26,500 mark
