Dogecoin ($DOGE) has seen a sharp drop in its value over the past ten days, with the coin’s price now 25% lower than its July high. Technical analysis from ChatGPT suggests that the coin could drop further, potentially to $0.046 in the near term. Other meme coins, such as Wall Street Memes ($WSM) and Sonik […]
Bitcoin prices dropped significantly last week due to a deleveraging event, causing a large number of short-term holders to take a serious toll. According to Glassnode, the short-term holder cost basis has historically offered support during uptrends, but recent data suggests that a significant portion of the supply is currently being held at an unrealized […]
Bitcoin’s market volatility has been on the rise, and according to Deribit, a cryptocurrency derivatives exchange, this has been accompanied by an increase in demand for Bitcoin put options. Put options are a type of financial instrument that gives the holder the right, but not the obligation, to sell an asset at a predetermined price […]
Binance Coin (BNB) is the native token of the world’s leading cryptocurrency exchange, Binance. It is used to cover trading fees, participate in token sales, stake for rewards, and access a variety of services and platforms within the Binance network. Despite market conditions and regulatory pressures, BNB’s trading price stands at $216.31, having shown a […]
Bitcoin, the best-performing asset of 2023, recently dropped to a multi-month low of $25,300. Analysts on X (Twitter) have warned that the asset could fall further, potentially to $12,500. This could be determined by two metrics: the Volume Weighted Average Price (VWAP) and the Volume Profile Visible Range (VPVR).VWAP works similarly to the Realized Price […]
A phishing attack on Terra blockchain’s website has caused the company to freeze its website until all issues have been resolved. Terra warned users not to interact with any site using the terra(dot)money domain and asked customers to steer clear of the sites until the matter was resolved. Terraform Labs has appointed Chris Amani as […]
Bitcoin miners appear to be unfazed by the 10% drop in BTC/USD last week, as difficulty and hash rate have both hit new all-time highs. Difficulty increased by 6.17% at its latest biweekly automated readjustment, and is expected to reach over 56 trillion at the next readjustment. Hash rate is also challenging existing all-time highs […]
Shiba Inu recently released the Shiba Inu World Paper, also known as the SHIBPaper, which provides detailed insights into the entire Shiba Inu project. This includes its services, products, partners, platforms, and ecosystem tokens. The paper also introduces a novel concept known as the Shiba Inu state, which aims to introduce a layer of trust […]
Bitcoin Ordinals fees have dropped significantly in the last two weeks, mirroring the general performance of BTC prices which have been under pressure. According to Dune Analytics data, the average daily fees generated from Bitcoin Ordinals stood at $71,709 as of August 21, down from $94,910 on August 14. This is a 24% drop in […]
Balancer, a DeFi lending pioneer, recently received a vulnerability report that found over 100 of its V2 pools were at risk. The team quickly secured over 80% of the funds, but roughly $10 million remains at risk. To protect users, Balancer created an Emergency SubDAO that paused the pools and allowed users to only withdraw […]
