The recent drop in the Cardano (ADA) price below the $0.7 level has left many investors puzzled. However, a closer look at the market dynamics reveals a plausible explanation for this downward trend. Data from the crypto analytics platform Santiment indicates that whale transactions ($100,000 and above) on the ADA network reduced significantly after reaching
The highly anticipated Illuvium universe has announced the start of its Beta 4 testing schedule, with Private Beta 4 set to kick off on April 30th, 2024. This phase marks a significant milestone in the development of Illuvium, offering selected players a chance to experience the game’s complete loop on the Testnet. The test period,
The recent surge in the price of Bitcoin has not only caught the attention of retail investors, but also of large Bitcoin whales who are increasing their holdings in preparation for further growth. These whales, who hold at least 1,000 BTC, have been taking advantage of price dips to accumulate more coins at discounted prices.
KuCoin, a well-known crypto exchange, has recently faced a surge in withdrawal requests after facing criminal charges from the US authorities. Various on-chain analytics firms have reported a significant increase in withdrawals across different categories of traders such as whales, funds, smart money, and market makers. During the reported period, KuCoin witnessed substantial withdrawals of
In recent times, the cryptocurrency market has witnessed a surge in meme coins, with DogWifHat (WIF) and Dogecoin (DOGE) leading the charge. DogWifHat, a popular meme coin, has seen an impressive increase of 42% in the last seven days, signaling a market-wide rally that has also impacted other meme coins. Notably, Dogecoin surged by 37%
It has recently come to light that major crypto exchange KuCoin, along with two of its founders, has been accused of failing to implement anti-money laundering (AML) and know-your-customer (KYC) procedures. According to United States prosecutors, the absence of these crucial procedures on KuCoin enabled the platform to be used for money laundering activities involving
Recently, there was a significant transfer of $6 billion worth of Bitcoin from the fifth richest Bitcoin address to three new wallets. This transfer caught the attention of many within the cryptocurrency community due to the sheer magnitude of the transaction. The transfer, which took place over the weekend, involved an address that was initially
The recent surge in the Solana meme coin market has brought attention to a new player, LIGMA token, which saw an astonishing +188,000% gain in less than 24 hours. Despite the humorous name, investors are cautiously optimistic about the potential of this new coin. The initial launch of LIGMA saw a massive influx of volume,
Recent data from crypto analytics firm Glassnode has revealed that the amount of Bitcoin held on Coinbase has reached a 9-year low. This significant decrease in Bitcoin balance on the popular exchange signals a shift in investor behavior towards holding onto their assets for the long term rather than engaging in short-term trading. With only
The recent collaboration between TCG World and SKALE has sent ripples through the metaverse community, promising to revolutionize the virtual experience. TCG World, known for its stunning graphics and immersive gameplay, has joined forces with SKALE’s blockchain scalability solutions to create an expansive digital universe like never before. This partnership aims to address the challenges