The entire cryptocurrency market saw a resurgence throughout the past 24 hours. Its capitalization is up by 1.8%, currently standing at around $2.25 trillion. This comes on the back of newfound confidence in Bitcoin buyers who are now looking to push the price to $60K. A lot of the large-cap altcoins are giving mixed signals,…
TLDR Rapper Doja Cat’s X (formerly Twitter) account was reportedly hacked on July 8 The hacker used the account to promote a Solana-based meme coin called “Doja Cat (DOJA)” The scam token reached a market cap of $1.65 million before crashing to $16,820 Investors lost over $1.63 million due to the pump-and-dump scheme Doja Cat…
According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners for small operations, that survive by hiding their farms in undisclosed locations. Clandestine Bitcoin Mining Rises Again…
TLDR Soccer legends Ronaldinho and Lionel Messi have promoted Water Coin (WATER), a Solana-based memecoin, on Instagram WATER’s price spiked 38.8% after Ronaldinho’s post but has since dropped below its pre-pump price Water Coin claims to focus on water-related issues and sustainable projects Critics have flagged WATER as a potential pump-and-dump scheme Ronaldinho was previously…
TLDR Uniswap Labs is urging the SEC to drop its proposal to regulate decentralized finance (DeFi) The company cites the recent Supreme Court decision in Loper Bright Enterprises v. Raimondo, which overturned the Chevron deference Uniswap argues that without Chevron deference, the SEC’s interpretation of the Exchange Act lacks legal foundation The company claims the…
TL;DR Ethereum (ETH) is the top trending token due to updated S-1 forms for spot ETH ETFs filed by major financial firms, with potential trading starting as early as July 18. Ripple’s XRP gains popularity amid the Ripple v SEC lawsuit, while other notable cryptocurrencies include Celestia (TIA) and Bonk Inu (BONK), showing significant price…
TLDR Zodia Markets, a crypto subsidiary of Standard Chartered, is reportedly in talks to acquire Elwood Capital Management Elwood Capital is backed by billionaire hedge fund manager Alan Howard and offers OTC crypto trading and settlement services The acquisition would give Zodia Markets licenses as a virtual asset provider and investment business in Jersey Zodia…
TLDR Bitcoin price recovered to around $59,000 after recent losses Concerns over selling by Germany’s government and Mt. Gox have eased U.S. Bitcoin ETFs saw significant inflows despite market volatility Experts believe the worst of Germany’s selling may be over The market is awaiting SEC decisions on spot Ether ETFs Bitcoin has bounced back to…
The 2023-24 crypto cycle has witnessed a deviation from historical norms in the ETH/BTC ratio. The ratio, in question, is a key indicator of capital rotation and risk appetite in the market. Despite the beginning of a bull market in late 2022, the ratio has unexpectedly continued to decline. Experts suggest that there are two…
Within the ever-expanding crypto ecosystem, Bitcoin has undoubtedly been the industry’s flagship asset — as evidenced by its trillion-plus dollar capitalization. Yet, despite its massive capital reserves and widespread adoption, Bitcoin continues to grapple with a fundamental challenge: usability. To elaborate, the digital currency’s limited scalability has long been a thorn in its side, hindering…