In the past week, the cryptocurrency market, particularly Bitcoin, witnessed significant capital outflows amounting to $457 million. This withdrawal marks a pivotal moment as it represents the first substantial exits since early September. CoinShares attributed this phenomenon to profit-taking activities, particularly following Bitcoin’s recent ascent to the psychologically significant $100,000 mark. Such sell-offs are not
Crypto
The narrative surrounding Bitcoin ownership often paints a picture where HODLers—those who “hold on for dear life”—are viewed as steadfast pillars resistant to selling their assets. However, on-chain analyst James Check has shed light on a vital misconception: while these long-term holders might seem immovable, they do indeed relinquish their holdings, and their market behavior
Bitcoin (BTC) is currently oscillating between the $94,000 and $96,000 range, stirring discussions among traders and investors alike regarding a potential breakout. This cryptocurrency has demonstrated resilience during volatile market conditions, but on-chain data is suggesting a pivotal shift is on the horizon. According to insights from CryptoQuant, a prominent blockchain analytics platform, signs point
The cryptocurrency landscape is ever-evolving, and the recent surge of meme tokens on the XRP Ledger (XRPL) is a testament to this flux. Tokens such as ARMY, 589, XPILL, PHNIX, and RIPPIE have gained considerable traction, drawing enthusiastic interest and engagement from investors and crypto communities alike. The wave of activity surrounding these tokens mirrors
Pump.fun, a notable player in the Solana ecosystem, has recently seen its reputation and operational stability take a severe hit due to troubling incidents involving its livestream feature. This platform, initially heralded for enabling the launch of meme coins, became a victim of its own success when some users exploited its functionalities in disturbing ways.
On December 1, 2023, at 4 AM UTC, the decentralized exchange (DEX) Clipper was struck by a security breach that targeted its liquidity pools on both Optimism and Base blockchains. This incident marks a significant event in the constantly evolving landscape of decentralized finance (DeFi), raising concerns over security protocols and the ever-present risks associated
In an unexpected turn of events, XRP has rapidly ascended to the third position among cryptocurrencies by market capitalization, surpassing both Tether (USDT) and Solana (SOL). With a capitalization exceeding $1,350 billion, it now trails only Bitcoin (BTC) and Ethereum (ETH) in the competitive crypto landscape. The price of XRP has soared close to $2.50,
In the ever-evolving landscape of cryptocurrencies and blockchain technology, the story of Facebook’s Libra project stands as a cautionary tale, shedding light on the intricate dance between innovation and regulation. Originally launched in 2019 with the ambition of creating a global payment platform, Libra, later rebranded to Diem, aimed to address longstanding issues related to
The recent announcement from DMM Bitcoin regarding its impending closure is an unsettling reflection of the volatility within the cryptocurrency exchange landscape. Set to halt operations by March 2025, this decision came on the heels of a catastrophic hack that saw the exchange lose over $300 million in digital assets. The incident not only exposed
In an impressive display of market resilience, XRP has surged dramatically, marking its highest levels in nearly seven years. With gains surpassing 100% since the previous week, the digital asset successfully breached the $2 resistance barrier, climbing to an eye-catching $2.5. This surge reflects a strong bullish sentiment among traders and investors, highlighting a significant