The cryptocurrency realm appears to be in a state of flux, and the announcement from FTX heralds an unexpected chapter in its tumultuous saga. After a catastrophic downfall that had industry watchers shaking their heads in disbelief, FTX has recently pledged to commence payments to its major creditors by 2025. While this may seem like
Crypto
Bitcoin’s recent performance has sparked concern across the financial landscape, revealing crucial weaknesses within its once-bullish narrative. The latest episode of price rejection, particularly after a brief flirtation with the 100-day moving average, painted a disheartening picture for crypto enthusiasts. Many staunch advocates had anticipated a significant breakout; however, what transpired was a more alarming
Recent discussions within the crypto space have ignited fiery debates regarding the viability of Ether (ETH) as a long-term investment. Quinn Thompson, a credible figure in financial analytics, controversially declared ETH as “dead” as an investment vehicle, claiming that the asset, currently valued around $1,830, has plummeted nearly 50% from its previous highs within the
The cryptocurrency sphere, while innovative and disruptive, often reveals its vulnerabilities in the face of significant market fluctuations. The HyperLiquid incident illustrates this point vividly, exposing the rampant risk that can accompany decentralized finance (DeFi) platforms. A single trader’s shortsighted maneuvers translated into a staggering $13.5 million in unrealized losses for the Hyperliquidity Provider (HLP)
In an unpredictable landscape, Cronos (CRO) recently experienced a remarkable resurgence, witnessing a robust increase of nearly 11% within a mere 24-hour period. As of March 28th, the cryptocurrency momentarily breached the crucial $0.11 threshold, ultimately settling around the $0.10 mark. This latest development has propelled CRO to astonishing weekly gains of almost 40%. Such
In the world of cryptocurrencies, the relationship between various tokens can often resemble a high-stakes dance, with each step dependent on the rhythm set by the major players. The Curve DAO token (CRV) is currently at a crossroads, teetering on the brink of a breakout that could redefine its value. However, the overarching influence of
In an audacious move that highlights both the vulnerabilities and the uncharted territories of digital finance, Infini has filed a high-stakes lawsuit in the wake of a staggering $50 million hack. This incident, which saw the loss primarily of USDC, raises not just questions about security protocols but also casts a long shadow over trust
On February 20, the cryptocurrency space was rocked by the long-awaited launch of the Pi Network’s Open Network, along with the introduction of its PI token. Many had anticipated this launch, expecting it to usher in a new era for cryptocurrency accessibility. However, what followed was a whirlwind of volatility that can only be characterized
In a stunning turn of events, a well-known cryptocurrency whale lost an astonishing $207,000 in a mere hour after trading the Official Trump (TRUMP) meme coin on March 23rd. This was not just any investment; it followed a remarkable saga where the trader had transformed an initial stake of 1.09 million USDC into a jaw-dropping
Last week marked a significant turning point for Ripple and its cryptocurrency, XRP, as the US Securities and Exchange Commission (SEC) made the cardinal decision to drop its appeal against the firm. This decisive action has launched XRP into a new price range, initially peaking at an impressive $2.60 before settling around $2.45. Such a
