In recent months, the cryptocurrency landscape has been significantly affected by the evolving interests of various asset management firms, particularly regarding the development of exchange-traded funds (ETFs). Grayscale Investments, recognized as the world’s leading digital asset manager, has taken substantial steps towards launching a spot Cardano (ADA) ETF, with their official application being submitted to
Crypto
In the ever-fluctuating world of cryptocurrencies, Bitcoin has recently encountered significant turbulence, with its price plummeting to just over $90,000, a figure not seen since mid-January. This sharp decline marks a staggering loss of more than $9,000 since reaching a pinnacle of approximately $99,500 late last week. Such volatility often reflects broader market sentiments and
Berachain, an innovative EVM-identical Layer 1 blockchain, has made headlines this week by achieving a phenomenal milestone shortly after its Mainnet launch. In just 20 days, the platform reportedly amassed an astounding Total Value Locked (TVL) of $3.27 billion, quietly overtaking more established competitors like SUI, Avalanche, and Arbitrum. These figures not only place Berachain
In a stark reminder of the vulnerabilities within the cryptocurrency ecosystem, Stablecoin Bank Infini has recently experienced a significant security breach, resulting in the theft of approximately $49 million in USDC. This event underscores a broader crisis in the crypto space, where security flaws can lead to catastrophic losses. The infraction was traced back to
Bitcoin, the trailblazer of cryptocurrencies, recently faced a notable dip below its 100-day moving average, settling around $98K and hovering dangerously close to the important $95K support level. This price movement has raised alarms among investors, as it illustrates a shift in market dynamics characterized by an increase in selling pressures that lack robust bearish
The cryptocurrency market has recently faced headwinds, with Bitcoin’s price wobbling significantly below the previously stable threshold of $96,000. After showcasing signs of resilience throughout the previous weekend, the leading cryptocurrency saw a steep decline to a multi-week low, hovering under $93,500 as the new business week commenced. Despite a valiant attempt to recover—all thanks
Recent analyses of economic reports have exposed some troubling patterns within the US economy. Notably, the service-sector Purchasing Managers’ Index (PMI) reached its lowest point in over two years, suggesting that the resilience once attributed to the economy may be overstated. This downturn raises flags for investors as they brace for the upcoming release of
The stablecoin market is rapidly evolving, and the unveiling of USP, a new decentralized stablecoin, marks a significant step in this direction. Co-founded by Reeve Collins, one of the creators of Tether, USP aims to not only enter this competitive landscape but to challenge the dominance of established players like USDT and USDC. Scheduled for
In recent years, the landscape of financial fraud has dramatically shifted, revealing a concerning new trend: the emergence of pig butchering scams specifically targeting younger, tech-savvy individuals. This marks a significant departure from the traditional demographic of older adults who have historically been the primary victims of such schemes. As technology continues to permeate every
The cryptocurrency market is notoriously volatile, and the demand for Bitcoin exchange-traded funds (ETFs) in the United States has seen a significant downturn recently, particularly throughout February. It appears that investors are losing interest when it comes to making purchases through these investment vehicles, especially as indicated by data from FarSide. The month has been
