Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021, despite its 29% correction. There was a brief spike above this level on Feb. 3, but that appears to be an isolated wick, whereas recent increases have been more sustained, according to Tradingview. Moreover, BTC market share […]
A massive liquidation event involving a whale’s $340 million ETH position has sent shockwaves through Hyperliquid, resulting in an 8.5% price drop for its native HYPE token. The fallout also left the platform’s HLP vault with a $4 million loss, sparking concerns among traders and investors that it may have fallen victim to hackers. What […]
A widespread outage hit X on Monday which affected users across the world. Many experienced connectivity problems early in the day, with error messages appearing on their screens. Downdetector tracked a peak of 40,000 complaints as the service remained unstable for several hours. A hacker group with alleged Russian ties, known as Dark Storm, has […]
One of the world’s largest asset managers, Franklin Templeton, is planning to launch an ETF that will track the spot price of the Ripple cross-border payment token XRP. The firm made a preliminary prospectus filing for the product with the Securities and Exchange Commission on March 11. The filing is the latest in a slew […]
As the crypto market continues to struggle, bitcoin (BTC) has broken into a new volatile range. On March 10, the cryptocurrency fell below $80,000 and touched the $76,800 range before climbing back up to $81,000 at the time of writing. According to the latest edition of the Bitfinex Alpha report, the cryptocurrency’s decline to $76,800 […]
Broader economic concerns, including recession fears and stubborn inflation, have rattled the crypto market, leading to a sharp downturn. Bitcoin has struggled under these conditions, which, in turn, has forced miners to sell more BTC to sustain operations. As a result, increased selling pressure from miners has compounded market instability. Miners Offload BTC to Cover […]
Bitcoin’s (BTC) latest dump has market participants speculating whether there will be more bloodshed in the coming weeks or if the asset’s value will record a significant recovery. Market analytics firm Santiment has identified some on-chain indicators that can offer insight into bitcoin’s movement in the short term. According to Santiment, several on-chain metrics signal […]
The bullish narrative of this cycle has been put to a serious test lately as the cryptocurrency sector continues to sink. Its total market capitalization plummeted below $2.7 trillion, while Bitcoin (BTC), Ethereum (ETH), and many other leading digital assets tanked to multi-month lows. Several hours ago, the primary cryptocurrency collapsed below $77,000 for the […]
Binance released an official report detailing actions taken against a market maker involved in irregular trading activities for GoPlus Security (GPS) and MyShell (SHELL). Following an internal investigation, the crypto exchange identified misconduct by the market maker, who serviced both projects. Binance Cracks Down In response, Binance has offboarded the market maker and permanently barred […]
Michael Saylor-led business intelligence firm, Strategy announced today that it has entered into a sales agreement to offer up to $21 billion of 8% Series A Perpetual Strike Preferred Stock, according to a filing with the US Securities and Exchange Commission (SEC). The shares, which carry a $0.001 par value, are convertible into Strategy’s class […]