TL;DR The cryptocurrency market has seen significant volatility, with major assets experiencing price drops, but one Solana-based meme coin surged by 10% daily. Its rally is likely linked to Coinbase’s decision to allow certain trading services with it. Flashing Green Amid the Overall Correction The cryptocurrency market experienced a severe decline in the past few […]
Blockchain analytics platform Bubblemaps has alleged insider trading activity in the meme coin projects promoted by Andrew Tate and Iggy Azalea. The allegations, detailed in a June 12 thread, revealed that at the launch of the DADDY coin, insiders had allegedly acquired 30% of the token supply, amounting to over $45 million distributed across 21 […]
TL;DR Binance expanded its trading options with new pairs, though availability depends on the users’ region. The exchange will delist several existing pairs on June 14, advising clients to update or cancel their Spot Trading Bots to prevent potential losses. Another Binance Update The world’s leading cryptocurrency exchange continues to expand its list of trading […]
Stablecoin issuing company Paxos has laid off 20% of its workforce, decreasing its employee count by 65 individuals, Bloomberg reported Thursday, citing an internal email. According to the report, Paxos’ chief executive officer and co-founder Charles Cascarilla said the reduction in headcount would allow the company to capitalize on future opportunities in the tokenization and […]
The UwU Lend protocol, previously targeted in a nearly $20 million hack on June 10, is facing an ongoing cryptocurrency exploit that has so far resulted in the theft of $3.7 million. This development comes as the protocol has been making efforts to reimburse its users following the $19.3 million June 10 hack. $3.7 Million […]
TL;DR Ethereum (ETH) has declined to around $3,500, but analysts predict potential new all-time highs due to positive technical indicators. Metrics such as negative exchange netflow and a low RSI suggest reduced selling pressure and possible price recovery. Is It Time for a Resurgence? The price of Ethereum (ETH), similar to many other cryptocurrencies, plunged […]
The spot Bitcoin ETFs started the current business week negatively, ending their longest streak in terms of inflows on Monday. However, the tides have changed once again, perhaps due to the promising US CPI numbers that came out yesterday. CryptoPotato reported last Friday that these financial vehicles had recorded their 19th consecutive days of positive […]
Coinbase saw the largest Ethereum outflow of the year, totaling over 336,000 ETH, worth more than $1 billion on June 12th. This marks the fifth instance in 2024 where over 150,000 ETH has been pulled from the crypto exchange in a single day. It is still unknown as to who is behind such a massive transfer […]
Terraform Labs has reached a settlement in its lawsuit with the Securities and Exchange Commission (SEC), with the defunct crypto firm agreeing to pay a $4.47 billion fine for its fraudulent activity related to the defunct Terra blockchain. In a Wednesday letter to US District Judge Jed Rakoff, the SEC asked for approval of its […]
ENA – the native token of Ethena – has been facing significant selling pressure in recent weeks. After an extended period of price declines, ENA plunged to $0.73, representing its weakest price level since May 20th. This, in turn, has translated to huge losses for ENA stakers. Lookonchain revealed that the largest ENA staker, who […]