The Open Network (TON) and its native token have been encountering a series of challenges recently, with the most recent incident involving a drastic price drop of more than 90% in just a matter of minutes on CoinMarketCap. This sharp decline, as depicted in the graph, saw TON’s price plummet from $5.2 to approximately $0.3.
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Recently, the crypto analyst known as the ‘Titan of Crypto’ revealed a unique technical pattern to his 90,000 followers. A golden cross is forming between the 100-day moving average and the 200-day moving average, a pattern that has never been seen before in the market. Typically, a golden cross indicates a bullish long-term trend reversal,
Ethereum’s price action has left many traders disappointed in recent months, with a significant underperformance compared to expectations. The current bearish trend has seen the price of Ethereum drop by 23% over a 30-day period, much to the dismay of investors who were hoping for a bullish surge post the launch of Spot Ethereum ETFs.
The recent filing by the US Securities and Exchange Commission (SEC) regarding FTX’s bankruptcy repayment strategy has raised significant concerns within the cryptocurrency industry. The plan to repay creditors using stablecoins or other digital assets has sparked a debate over its legality under federal securities laws. The SEC’s filing has cast a shadow of uncertainty
MetalCore Season 1 is bringing some significant changes to the gameplay, aimed at enhancing the overall experience for both new and experienced players. One of the key features is the introduction of the “Intro Mission,” which will provide players with a more refined understanding of the game’s mechanics and lore. This addition will not only
The Crypto Wealth Report 2024, compiled by Henley & Partners, indicates a substantial increase in the number of individuals holding over $1 million in digital assets. The report shows a staggering 95% surge to 172,300 individuals in this category. Moreover, the total value of the crypto market has seen a remarkable rise to $2.3 trillion,
The crypto space has recently been hit hard by over ten different hacks, resulting in losses totaling $313 million. Two significant phishing attacks were responsible for 93.5% of the stolen funds, with a combined loss of $293.4 million. In one incident, an unknown whale lost over 4,000 bitcoin (BTC) in a phishing scheme, resulting in
Recent data from Bitbo reveals that Bitcoin miners experienced their worst month in almost a year in terms of revenue generation. In August, BTC mining activities only brought in $827 million, marking a significant decline of over 10% from the previous month’s earnings of $927.35 million. This decrease is even more pronounced when compared to
Last week, digital asset investment products experienced outflows totaling $305 million, leading to widespread negative sentiment among various providers and regions. CoinShares attributes this trend to the release of stronger-than-expected economic data from the United States. This data has reduced the likelihood of a 50-basis point interest rate cut by the Federal Reserve. As a
OKX SG, the Singaporean entity of the crypto exchange OKX, recently announced that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is considered highly valuable in Singapore, as it enables businesses to operate without daily or monthly transaction limits. To be eligible for the MPI