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Today’s Crypto News
Gain insight into the latest news in the cryptocurrency industry and make decisions faster and more accurately
Articles Videos-
2024
Apr / 17
- Crypto Whale Suffers $4.5M Losses in Failed Ethereum Bets
- Apr 17, 2024 at 07:45 pm
- A crypto whale recently lost over $4.5 million attempting to long Ethereum (ETH) twice, according to the digital asset tracker Lookonchain. The whale initially lost $500,000 on their first attempt, followed by a more significant loss in their second try. The whale sold all their ETH on Binance to repay debt and lost an additional $4 million. Notably, other whales are accumulating Ethereum, with one withdrawing $31.5 million worth of ETH to stake in DeFi projects.
- Overbought Cryptocurrencies Emerge as Market Declines: Sell Alerts for BNB and Celestia
- Apr 17, 2024 at 07:42 pm
- Amidst market volatility, two cryptocurrencies, BNB Chain (BNB) and Celestia (TIA), retain overbought Relative Strength Index (RSI) signals, indicating potential sell opportunities. While the overall market has experienced a downturn, these two projects have maintained momentum, suggesting either solid demand or a potential correction. BNB's weekly chart shows an RSI of 73.37, while TIA's stands at 75.39. Further analysis, including moving averages, should be considered for informed decision-making.
- Ethena's USDe Stablecoin Emerges as a Force in the Crypto Market
- Apr 17, 2024 at 07:41 pm
- Ethena's USDe stablecoin has emerged as a formidable challenger in the stablecoin market, with its unique yield-generating feature setting it apart from established players like USDT and USDC. USDe achieves stability through backing by cryptocurrencies rather than the US Dollar. Its market cap has reached $2 billion, and the surge in its funding payments from short positions necessitates maintaining a keep rate above 20% and a reserve fund size proportional to market cap to ensure stability. USDe is closely monitoring market developments and implementing proactive risk management strategies to establish itself as a reliable and innovative force in the stablecoin landscape.
- Bitcoin Halving Navigates Uncharted Waters Amidst Macro Shifts and ETF Expansion
- Apr 17, 2024 at 07:39 pm
- As Bitcoin nears its halving event, Goldman Sachs advises against oversimplified interpretations based on past halving events. Despite contrasting macroeconomic conditions, Bitcoin's price has rallied significantly due to inflows into U.S.-based spot exchange-traded funds (ETFs). While some analysts predict a post-halving surge, others anticipate a pullback. Goldman Sachs emphasizes the importance of ETF adoption and a nuanced approach to assessing the halving's impact.
- Crypto Market Weathering Volatility, with Optimism and Caution Coexisting
- Apr 17, 2024 at 07:39 pm
- The cryptocurrency market remained relatively stable on Tuesday, with low volatility across major assets. Bitcoin's market share surpassed 54%, attributed to the Bitcoin-ETF and waning altcoin enthusiasm. Despite a dip in Bitcoin and Ethereum prices last week, the market seems poised for a lull, potentially leading to downward pressure on Bitcoin and Ethereum towards $52-55K and $2500, respectively.
- SOL's Market Outlook Amid Network Upgrades and Bearish Technical Patterns
- Apr 17, 2024 at 07:38 pm
- Solana (SOL) has formed a rounding bottom pattern, signaling a potential shift from a bearish to bullish trend. The completion of this pattern suggests a change in sentiment, with increased volume and bullish indicators supporting upward momentum. If SOL maintains support above $130.45, it could indicate a move towards the supply zone between $197.70 and $250.21. A decisive breakout above the midline of the weekly timeframe, at $224.14, would confirm the continuation of the primary bullish trend.
- Bitcoin Withers Market Storm, Whales Scoop Up Amidst Halving Volatility and Geopolitical Turmoil
- Apr 17, 2024 at 07:36 pm
- Despite a recent decline, Bitcoin remains supported due to accumulation by significant holders ("whales"), who have acquired over 172,000 coins since March. This whale accumulation reflects bullish sentiment and confidence in Bitcoin's long-term potential. Market volatility has surged ahead of the fourth halving event, resulting in increased trading activity and potential for both gains and losses. Geopolitical tensions and stable coin growth further contribute to market uncertainty and Bitcoin's price dynamics.
- Ethereum Restaking Landscape Shifted: EigenLayer Dominates, Lido's Share Dwindles
- Apr 17, 2024 at 07:36 pm
- Ethereum restaking protocol, EigenLayer, has witnessed a remarkable inflow of approximately $157 million in Lido's staked ETH within the past 24 hours. This significant influx marks the highest inflow on the platform since February. The inflow coincides with a decline in Lido's market share of Ethereum staking, dropping below 30% due to outflows to restaking protocols.
- Furrever Token (FURR) Shines Amidst Crypto Storm, Navigating Market Downturn with Resilience and Growth
- Apr 17, 2024 at 07:35 pm
- Amidst a market downturn where Bitcoin and Ethereum faced price dips, Furrever Token (FURR) emerged as a notable exception, surpassing $800,000 during its sixth presale stage. FURR's resilience and momentum stand in stark contrast to the broader market trend, highlighting the dynamic nature of the cryptocurrency landscape.
- Bitcoin's 'Scarcity Magnification' Set to Double with Halving
- Apr 17, 2024 at 07:35 pm
- Bitcoin's Stock-to-Flow (S2F) ratio, a measure of scarcity, is projected to double to 112 after the upcoming halving in April 2024, surpassing gold's current ratio of 60. With only 2 million bitcoins remaining and a high daily inflow into Spot ETFs, the report suggests that exchange reserves could be depleted within nine months, intensifying the narrative of Bitcoin as a scarce digital asset.
- Cronos Mainnet Upgrade Unveils Enhanced dApp Integration and RPC Functionality
- Apr 17, 2024 at 07:35 pm
- Cronos (CRO) has announced the successful completion of its mainnet v1.2 upgrade, resuming operations after a smooth transition. This upgrade focuses on enhancing the integration and deployment of decentralized applications (dApps), along with improvements in RPC functionality and developer backward compatibility. The network now utilizes block.difficulty or block.prevrandao for dApp backward compatibility, while RPC improvements include bug-fixing and support for various EVM parameters.
- Fezoo: A Revolutionary DEX Set to Surge Amid Bitcoin Halving and Market Transformation
- Apr 17, 2024 at 07:34 pm
- Fezoo, a newly launched decentralized exchange, has emerged as a promising alternative to existing platforms grappling with inefficiencies. Amidst heightened investor anticipation for Bitcoin's upcoming halving, Fezoo has garnered attention due to its potential to capitalize on the influx of investor interest. As Cosmos investors seek refuge from projected declines, Fezoo presents itself as a potential destination for those seeking positive returns within the six-month horizon.
- Uniswap's L2 Trading Volume Skyrockets to $250B, Raising Questions About UNI's Fate
- Apr 17, 2024 at 07:34 pm
- Uniswap's Layer-2 platforms have recorded a remarkable $250 billion in trading volume, showcasing the growing adoption and efficiency of these solutions. However, despite the record-breaking volumes, the price of Uniswap's native token, UNI, has remained relatively low due to selling by large holders and regulatory challenges by the SEC. This has raised questions about the future valuation of UNI, with speculation that its price could potentially surge to $10.
- BEFE Coin Explosion: Meme Currency Revolution Unlocks Investment Opportunities
- Apr 17, 2024 at 07:32 pm
- Meme currencies, like BEFE coin, have gained popularity as a potential short-term investment due to their high volatility. BEFE coin has established a large community, collaborating with blockchain networks such as the Bitgert chain to offer benefits like fast transaction speeds at low costs. Its unique use cases and deflationary mechanism have contributed to its 500% growth since launch, making it a leading meme currency with a predicted 800% surge in the upcoming months.
- Mega Dice Unveils Cryptocurrency Presale, Fusing Gambling and Crypto
- Apr 17, 2024 at 07:32 pm
- Rolling the Dice for Crypto Gains: Mega Dice Presale Launches with $300K RaisedMega Dice, a renowned blockchain casino, has unveiled the launch of its $DICE cryptocurrency with a successful presale raising $300K. The token offers utility within the casino ecosystem, including rewards based on casino performance and exclusive benefits. With a strong business foundation and support from industry influencers, Mega Dice aims to capitalize on the surge in crypto casino popularity, offering investors a unique opportunity to tap into the potential of a dominant gambling platform.
- Crypto Market's Wild Ride: TRX and DOT Struggle Amid Milei Moneda Presale Bonanza
- Apr 17, 2024 at 07:30 pm
- Cryptocurrency markets experienced a downturn in March, with Tron (TRX) dropping 11%, Polkadot (DOT) declining 20%, and Bitcoin's influence on altcoins diminishing. While Tron's relative stability and Polkadot's interoperability services have not shielded them from the bearish trend, investors are anticipating the Milei Moneda ($MEDA) presale as a potential profit-yielding opportunity.
- DeFi Technologies Introduces Revolutionary Bitcoin Exchange Traded Products
- Apr 17, 2024 at 07:30 pm
- Defi Technologies Inc. and Valour collaborate with Core Foundation to launch groundbreaking Exchange Traded Products (ETPs), including the first Yield Bearing BTC ETP and a Core ETP. These ETPs leverage Core Chain's capabilities, introducing yield-bearing opportunities through BTC staking and block rewards. Valour will manage a validator node on Core Blockchain, stake $100 million in BTC, and work with Core Foundation to develop innovative financial products. This partnership aims to bridge traditional finance with DeFi innovation, expanding Bitcoin's utility and providing investors with novel investment opportunities.
- Bitcoin Price Perilously Balanced Ahead of Halving, Goldman Sachs Warns of Caution
- Apr 17, 2024 at 07:30 pm
- Despite rumors suggesting China may boost the price of Bitcoin, the cryptocurrency has faltered in recent weeks, dropping from its record high of $70,000 due to geopolitical tensions. As the impending Bitcoin halving, which reduces the supply of new coins, approaches, analysts at Goldman Sachs caution against relying on historical price appreciation patterns, citing tighter monetary policy conditions and a potential "buy the rumor, sell the news" scenario.
- Crypto Regulation: Innovation's Foe or Investor's Guardian?
- Apr 17, 2024 at 07:29 pm
- Cardano founder Charles Hoskinson voices concerns about the restrictive regulatory landscape in the U.S., emphasizing that it stifles innovation and creates barriers for new entrants. He highlights the favorable regulatory environment in Switzerland, attributing the migration of blockchain innovation and capital to more welcoming jurisdictions like Switzerland to the U.S.'s stringent regulations.
- ICP's Groundbreaking Innovation Propels Bitcoin's DeFi Capabilities
- Apr 17, 2024 at 07:29 pm
- The Internet Computer Protocol (ICP) introduces threshold-Schnorr signatures to integrate DeFi applications and smart contract features directly into Bitcoin's base layer. This integration enables multi-signature transactions, allowing smart contracts to sign transactions and interact with the Bitcoin blockchain. By combining Bitcoin's security and ICP's advanced cryptography, developers can create new applications, bridge tokens, and tap into the full potential of DeFi on the Bitcoin network.