In response to the ever-changing market trends and user demands, Binance, the leading cryptocurrency exchange, has made significant updates to its platform. One of the most recent changes includes the addition of 18 new cryptocurrencies to its loan program, catering to both meme coins and established altcoins. The addition of meme coins such as dogwifhat
Crypto
Ethereum has been going through a period of sideways consolidation after a drop to the critical support level of $3,000. Currently, the cryptocurrency is trading within a range of $3,000 and $3,700, showing little signs of volatility unless a breakout occurs in either direction. The daily chart analysis reveals Ethereum’s extended consolidation phase after finding
Shiba Inu (SHIB) has recently experienced a price drop, with the token trading at around $0.00002734 at the time of writing. This marks a 3% decline on a daily scale and a 20% drop on a monthly basis. The fluctuating price has left investors uncertain about the future of SHIB, but analysts remain optimistic about
Fred Thiel, the CEO of America’s largest crypto mining firm, Marathon, expressed his view that the recent approvals of spot Bitcoin ETFs have accelerated what would typically have been the post-halving rally in the market. According to Thiel, the ETF approval has attracted significant capital into the market, leading to an earlier price appreciation than
The introduction of Bitcoin spot ETFs in the U.S. market has led to significant net inflows of $12.3 billion within the first three months of their launch. This influx of capital has raised questions about the broader impact of these ETFs on the Bitcoin market as a whole. A detailed analysis by Glassnode analyst James
A cryptocurrency investor who goes by the username “Sell When Over” on X recently reported a staggering loss of $800,000. The investor initially noticed a loss of $500,000 from various wallet applications and suspected that they had fallen victim to a cyber attack through their Google Chrome browser. The user raised the alarm on X,
In the first quarter of 2024, Ethereum and its Layer 2 scaling solution, Polygon, emerged as the top contenders in terms of attracting new users within the blockchain space. A recent report by Flipside highlighted the significant growth in user adoption for these platforms compared to other EVM chains. This analysis sheds light on the
The Bitcoin halving event occurs approximately every four years and is designed to slow down the production of new BTC. By doing so, the goal is to ensure that the final BTC will be mined over a span of more than a hundred years. With over 19.6 million Bitcoins already in circulation, the reduction in
Ethena Labs recently announced the incorporation of Bitcoin (BTC) as backing into their synthetic dollar-pegged offering, USDe. This strategic move aims to scale USDe’s supply beyond its current $2 billion mark. By highlighting the importance of BTC as a backing asset, Ethena Labs is looking to leverage BTC’s superior liquidity and scalability for delta hedging
The cryptocurrency market recently experienced a correction, with Bitcoin (BTC) being one of the most impacted digital assets. BTC’s price fell by about 6% over a seven-day period, currently trading around $65,400 according to CoinGecko’s data. One possible reason for BTC’s increased volatility and declining value could be profit-taking by long-term holders. Reports have shown