The much awaited release of the Solana based PENGU, has generated much interest in the crypto space even though the project has not been without its difficulties. The token that kicked off its trading at $0.068, spiked extremely high and then plummeted to $0.029 wiping out more than 55% of ... Read more
The XRP market is heating up as a potential short-squeeze scenario emerges. Data from Coinglass states that a whopping $272.3 million worth of XRP short positions face liquidation risks if the altcoin breaches the $3 mark. This significant exposure to short positions could lead to a potential short squeeze and ... Read more
Metaplanet’s stock jumped 51% on December 17 after the company, known as the “Japanese MicroStrategy,” revealed a ¥4.5 billion ($30 million) initiative to acquire more Bitcoin. The funds will accelerate Metaplanet’s Bitcoin acquisition strategy, highlighting its commitment to digital assets. Japanese MicroStrategy Fuels Bitcoin Accumulation During a December 17 Board ... Read more
Fintech firm Revolut has revealed plans to roll out its payment solution, Revolut Pay, to crypto users in 2025 to protect users from as the incidence of fraud in the crypto market rises. Given the increasing number of cryptocurrency scams, firm is looking to offer a safer platform for those ... Read more
Ethereum, often dubbed as the pioneer of smart contracts has faced competition from other altcoins like Solana. While SOL experienced a period of strong demand, ETH’s demand was relatively stagnant. However, a recent surge in its Hot Realized Cap suggests a resurgence in the world’s largest altcoin. A recent report ... Read more
FTX announced that its bankruptcy Plan of Reorganization received approval from the court and that it would take effect officially on January 3, 2025. Incidentally, this date marks a significant milestone, being a record date for the first-round distribution to eligible creditors under the plan. The disbursement will cover creditors ... Read more
Ethereum (ETH) is showing strong bullish momentum as it comfortably holds above the significant $4,000 mark. The latest market activity highlights Ethereum’s resilience and signals the potential for further growth. Over the past week, ETH has gained nearly 8%, reflecting investor confidence and broader bullish sentiment. At the time of ... Read more
In a notable move, Michael Egorov, the founder of Curve Finance, purchased 1.08 million CRV tokens worth roughly $1.2 million. This significant buyback comes after a period of relative inactivity and is Egorov’s first major CRV purchase since the liquidation event on June 13th. Egorov’s purchase has sparked interest and ... Read more
Avalanche, a leading blockchain platform, has finally unveiled its highly anticipated upgrade. Dubbed Avalanche 9000, this latest iteration includes a host of improvements designed to enhance the platform’s scalability, security, and user experience. One of the key features of the upgrade is the introduction of the Etna module. This innovative ... Read more
Solana (SOL) holds firmly at its crucial support level, showing resilience amid slight market fluctuations. Over the past week, SOL slipped marginally by 0.54%, yet its stability between $200 and $263 over the past month reflects strong range-bound momentum. As Bitcoin surges toward new highs, driving the overall market sentiment ... Read more
