Ethena is a synthetic dollar protocol built on the Ethereum blockchain. The protocol issues a stablecoin known as USDe, which is pegged to the US dollar. Since its launch, USDe has experienced rapid growth, with its market capitalization surpassing $2 billion in a relatively short period of time. This success has made USDe the fifth-largest
Ali Martinez, a prominent figure in the world of cryptocurrency, has recently shared a bold prediction for Bitcoin. According to Martinez, there is a strong possibility that the price of Bitcoin could soar to $86,000 in the near future. This optimistic outlook has sparked renewed interest and speculation in the cryptocurrency community. Martinez’s analysis hinges
Cryptocurrency exchange and trading platform, Bybit, recently released a report discussing the effects of the upcoming Bitcoin halving event on the supply dynamics of Bitcoin within exchanges in the crypto space. This report provides valuable insights into how the halving event could enhance scarcity and significantly influence the price of BTC. Bybit disclosed that the
Illuvium recently made headlines with the announcement of its upcoming airdrop program, which will see the distribution of 250,000 ILV tokens worth approximately $25 million. This initiative is aimed at rewarding the loyal members of its community and enhancing their involvement within the ecosystem. Airdrops have become a popular marketing strategy employed by startups to
The recent approval of spot Bitcoin and Ethereum exchange-traded fund applications in Hong Kong by the Securities and Futures Commission (SFC) was seen as a significant milestone for the city-state’s ambition to become a central hub for digital assets. However, Bloomberg ETF analyst Eric Balchunas has raised concerns about the market’s potential performance compared to
An experienced crypto analyst, Willy Woo, recently made a bold prediction regarding the future price of Bitcoin. According to Woo, the pioneer cryptocurrency has the potential to surge to an impressive $650,000 as the demand for Spot Bitcoin ETFs continues to grow in the market. This forecast has caught the attention of many investors and
Bybit’s recent analysis has set off alarm bells regarding a potential shortage of Bitcoin on exchanges by the end of 2024 if the current demand trajectory is maintained. The report highlights the possibility of reserves being completely exhausted within the next nine months, with withdrawal rates currently hovering around 7000 BTC per day. This forecast
The recent pump of the Solana meme coin, Peshi Cat (PESHI), has taken the crypto community by storm, with a staggering 120x increase in value. However, upon closer inspection, it is evident that Peshi Cat’s price movements are primarily driven by viral traction and speculation rather than any substantial utility. Currently trading at a market
As the cryptocurrency market experiences volatility, Ethereum, the second-largest cryptocurrency by market capitalization, has not been immune to the fluctuations. In recent days, Ethereum’s price has seen a significant drop, reaching lows of $2,800 on April 12. This downward trend mirrors the broader downturn across the entire crypto landscape. However, amidst the chaos, a notable
Avalon, the groundbreaking Web3 gaming studio, recently secured a substantial $10 million in funding, signaling a monumental shift in the gaming industry. Led by notable investors such as Bitkraft Ventures and Hashed, this funding round aims to propel the development of Avalon’s inaugural title, Avalon. Unlike traditional MMO games, Avalon offers players the freedom to