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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 / 11
- EU Sounds Alarm: Crypto Trading Concentration Poses Systemic Risks
- Apr 11, 2024 at 08:18 am
- The European Securities and Markets Authority (ESMA) has expressed concerns about the high concentration of crypto trading on a limited number of exchanges. Binance alone accounts for approximately 50% of the market. This concentration raises concerns about the potential impact of a failure or malfunction at a major exchange on the wider crypto ecosystem. ESMA's analysis found that 10 exchanges process about 90% of trades, with Binance dominating the market. While this concentration may lead to efficiency gains, it also raises concerns about the implications of a failure at a major exchange.
- Ethena Hits New Heights as Whales Buy and Staking Soars
- Apr 11, 2024 at 08:16 am
- Despite the broader market downturn, Ethena (ENA) has surged 15% in the past day, reaching an all-time high of $1.497. Wintermute, the largest on-chain token holder, received 8.43 million ENA tokens, while a significant whale withdrew 6 million ENA tokens from Binance and staked them. This surge coincides with increased staking activity, with 114 million ENA tokens worth $165 million staked over the last two days, demonstrating growing investor confidence in Ethena's project and potential.
- SEC Targets DeFi Giant Uniswap in Major Enforcement Move
- Apr 11, 2024 at 08:13 am
- The Securities and Exchange Commission (SEC) has issued a Wells Notice against Uniswap Labs, the company behind the largest decentralized exchange. Uniswap plans to contest the lawsuit, citing the SEC v. Ripple case and arguing that the assets traded on its protocol don’t meet the definition of securities. The SEC has previously sued exchanges and project teams for listing unregistered securities or issuing unregistered crypto tokens.
- Bitgert: Disrupting Crypto with Unrivaled Scalability and Zero Gas Fees
- Apr 11, 2024 at 08:09 am
- Bitgert, a standout project in the cryptocurrency realm, has garnered significant attention for its profitability and user satisfaction. Its cutting-edge blockchain technology boasts unparalleled scalability, processing up to 100,000 transactions per second with exceptionally low costs. Bitgert's BRISE coin has witnessed exponential growth, offering substantial returns to early investors and attracting numerous crypto ventures to its chain. With its promising features and growing community, Bitgert presents a compelling opportunity for investors seeking potential gains in the ever-evolving cryptocurrency landscape.
- Crypto Analyst Predicts Fantom (FTM) to Outperform in 2024
- Apr 11, 2024 at 08:06 am
- Pseudonymous analyst Altcoin Sherpa predicts strong performance for Fantom (FTM) this year, citing its treasury and expecting a rally to $1.15 after a potential dip to $0.80. Sherpa also provides updates on Ethena (ENA), Core (CORE), and Mantra (OM), suggesting consolidation and potential upside for ENA, retracement before a move higher for CORE, and continued bullishness on OM as an RWA play.
- Pyth Network's Airdrop to Reward Early Contributors and Drive Community Engagement
- Apr 11, 2024 at 08:05 am
- Pyth Network, a decentralized data oracle platform, has launched a retrospective airdrop program to reward and engage community members who have actively contributed to the ecosystem's growth. Eligible DeFi participants can claim their tokens from an allocated pool of 200M PYTH out of the 1.5B initial circulating supply.
- Pendle Price Soars: Bullish Surge Predicts 30% Growth in Next Five Days
- Apr 11, 2024 at 08:03 am
- Pendle is predicted to rise by 30.29% in the next 5 days, reaching $8.97. This forecast is based on positive market sentiment, technical indicators showing high volatility and a bullish trend, and key support and resistance levels. Pendle has outperformed the crypto market in the last 24 hours, gaining 5.57% against USD, 3.60% against BTC, and 4.42% against ETH.
- Airdrop Pepe: Revolutionary Community-Owned Meme Token Promises Lucrative Rewards
- Apr 11, 2024 at 08:02 am
- Introducing Airdrop Pepe (AIRPEPE), an innovative community-owned meme token taking the crypto world by storm. Unlike others, this project airdrops 50% of its supply to its members, ensuring an equal opportunity to participate. With a team experienced in DeFi, Airdrop Pepe aims to stand out through its revolutionary token distribution and is offering airdrops ranging from $20 to $200,000. Join the revolution, claim your tokens, and become a part of the vibrant Pepe community shaping the future of meme tokens.
- BlockDAG Emerges as Crypto's Rising Star, Surpassing Rivals with Unrivaled Potential
- Apr 11, 2024 at 08:01 am
- BlockDAG's whitepaper launch has sparked a surge of interest within the cryptocurrency community, eclipsing other notable projects like 5th Space and Render. Boasting a staggering 30,000X ROI potential and groundbreaking technology, BlockDAG has captured the imagination of investors with its ambitious vision and presale success, amassing $15.6 million to date.
- Crypto Strategist Predicts Fantom Will Outshine Ethereum
- Apr 11, 2024 at 08:00 am
- A widely followed crypto strategist believes three altcoins could make significant gains in 2024. Pseudonymous analyst Altcoin Sherpa identifies Fantom (FTM), Ethena (ENA), and Core (CORE) as potential outperformers, predicting potential upswings of over 15%. He also remains bullish on Mantra (OM), highlighting its focus on real-world asset tokenization.
- Cardano (ADA): Lackluster Price Action Despite Technological Advancements
- Apr 11, 2024 at 08:00 am
- Due to its recent price decline, Cardano (ADA) has dropped from the top 10 cryptocurrencies by market capitalization, slipping to 11th place. Crypto analyst Ali Martinez maintains an optimistic outlook for ADA, comparing its current price action to a pattern observed between 2018 and 2021. Martinez anticipates a breakout to $5 for ADA, citing consolidation within the $0.55-$0.80 range and subsequent price surges. Despite the analyst's bullish forecast, ADA's price remains significantly below its 2021 ATH, with a drop of 81.5%.
- Cardano's Price Slumps amid Market Volatility, but Analyst Forecasts Long-Term Surge
- Apr 11, 2024 at 08:00 am
- Amidst price declines, Cardano (ADA) finds itself battling to regain its lost glory. Despite its technological advancements and a dedicated community, ADA's market performance has been underwhelming, drawing concerns from both investors and analysts. As it faces competition from emerging crypto projects, ADA's position in the top 10 has been challenged, raising questions about its long-term prospects.
- Masa Launches Decentralized AI Data Network and MASA Token, Revolutionizing the AI Industry
- Apr 11, 2024 at 08:00 am
- Masa, a decentralized AI Data and LLM Network, has launched its mainnet, enabling users to own and monetize their data, and rewarding AI developers with access to high-quality data for model training. The MASA token, now live on Ethereum, Binance Smart Chain, and Masa Network, has been listed on major exchanges including Bybit and PancakeSwap. Masa has allocated 25,000,000 MASA tokens for trading competitions and AI data farming, and 6,666,666 tokens to incentivize data sharing in its AI Data Marketplace.
- Binance's Massive Shiba Inu Holdings: A Cornerstone of User Protection and Trust
- Apr 11, 2024 at 08:00 am
- Binance, the world's leading cryptocurrency exchange, released its latest Proof of Reserves report showcasing a 100% backing ratio for its users' digital assets. Among them, Binance holds a substantial 67.6 trillion Shiba Inu tokens (SHIB), valued at over $1.86 billion. This report underscores Binance's commitment to transparency and accountability by providing a comprehensive overview of the assets it holds in custody for its users.
- BlockDAG Emerges as Cryptocurrency Giant with Projected 20,000x ROI
- Apr 11, 2024 at 08:00 am
- BlockDAG, an innovative crypto project with a 20,000x ROI projection, is rapidly gaining prominence. Its groundbreaking technology, combining blockchain and DAG, offers a low-code/no-code platform and has attracted $15.6 million in presale. Amidst the optimism surrounding Dogecoin (DOGE), influenced by whale activity, and the bullish trajectory of Internet Computer (ICP), BlockDAG stands out as a market leader, redefining crypto investment with its ambitious growth potential and cutting-edge approach.
- Toncoin's Bull Run Stalls as Profit-Taking and Bearish Patterns Threaten
- Apr 11, 2024 at 07:55 am
- Despite a recent 50% surge, Toncoin (TON) is not recommended for purchase, as it approaches a new all-time high. Bearish indicators include profit booking, formation of a descending wedge pattern with a potential 46% downside, overbought conditions as indicated by the RSI, and the bulls struggling to maintain momentum against the bears. A drop to the $6 support level is possible, with further declines likely if the support is breached.
- Base Chain: Emerging Ground for Potential Digital Art Icons
- Apr 11, 2024 at 07:53 am
- Coinbase's Base chain, a rising Ethereum layer-2 scaling solution, presents exciting opportunities for NFT growth. This analysis highlights three promising BASE NFT projects: Based Fellas, Tiny Based Frogs, and OnChainDinos. These projects share similarities with Crypto Punks, such as 10k PFP collections (Based Fellas), limited supply (Tiny Based Frogs), and strong community support (OnChainDinos). With Coinbase's upcoming integration for its massive user base, these BASE NFT projects could potentially experience significant growth, becoming the next Crypto Punks in the 2024 bull market.
- Web3 Social Media Platform Farcaster Eyes Capital Infusion to Accelerate Growth
- Apr 11, 2024 at 07:46 am
- The Web3 social media company Merkle Manufactory, responsible for Farcaster and Warpcast, is reportedly in the final stages of a funding round headed by crypto VC Paradigm, aiming to achieve unicorn status with a valuation exceeding $1 billion. Farcaster on Ethereum and OP Mainnet, as well as its peer-to-peer Hubs system, has experienced a surge in daily activity, including castings and reactions, almost doubling in the past week, exceeding its previous peak after the Frames feature was introduced.
- CurveDAO Crashes Amid AI Crypto Boom: InQubeta's Presale Surge Signals Lucrative Investment Opportunity
- Apr 11, 2024 at 07:45 am
- CurveDAO (CRV) has experienced a 14% decline due to bearish market conditions, raising concerns among investors. However, InQubeta (QUBE), an AI-focused crypto, has outperformed its competitors during its presale, surging by 300%. QUBE's fractionalized equity-based NFTs, decentralized governance, and staking features have attracted investors, leading to $13.2 million in investment liquidity. As the presale enters its final stages, analysts predict QUBE has the potential to rival top altcoins and deliver significant returns.
- EOS Price Surges with Double Bottom Pattern, Eyes Bullish Breakout
- Apr 11, 2024 at 07:44 am
- EOS coin price displays a double bottom structure and is geared for upward gains. Buyers are accumulating and targeting the $1.50 mark. Technical indicators, such as the MACD and RSI, support this bullish trend. The coin has a strong support level at $1 and faces resistance at $1.30. If bulls break above $1.50, they will aim for $1.80, while a drop below $1 could signal a reversal.