Cardano’s native token has collapsed by almost 80% over the past year, while its founder, Charles Hoskinson, said he’s “taking a break” and warned about an upcoming “wave of failures” in the ecosystem. Despite the grim reality, certain analysts remain optimistic that a price revival could be on the way, while some key indicators support […]
The bullish impulse of the Bitcoin market has exhausted itself, and bitcoin has now entered a distribution phase. This can be seen in investors increasingly selling into strength rather than increasing their exposure. According to this week’s Bitfinex Alpha report, both flow data and on-chain dynamics indicate that BTC has transitioned out of the accumulation […]
Iran has declared the Strait of Hormuz closed after the US launched additional strikes on Thursday. The Iranian military command announced the closure of the key waterway, saying any vessel attempting passage will be shot at, according to Reuters. US Central Command (CENTCOM) reported that it had launched strikes on Iranian military surveillance capabilities, communication […]
Coinbase’s vice president of tax, Lawrence Zlatkin, testified before the House Ways and Means Committee on June 9, asking lawmakers to stop requiring Americans to calculate capital gains every time they spend a stablecoin or pay a blockchain transaction fee. His testimony came during a hearing on six standalone bills aimed at updating how the […]
Venture capitalist Tim Draper says fears that quantum computing will break Bitcoin (BTC) are misplaced, arguing that traditional banks and the dollars held within them face a bigger security risk. In comments published by Benzinga and amplified in an X post on June 9, Draper said he considers his BTC holdings safer than cash sitting […]
On-chain analytics firm Glassnode has reported a sharp deterioration in key XRP network metrics, pointing to weakening activity and mounting pressure on holders. Recent data shows both transaction demand and realized profitability have fallen significantly despite the token trading well above its 2024 levels. The decline in holder profitability is particularly evident in Glassnode’s latest […]
The “crowd has written off Ethereum,” reported Santiment on Tuesday. However, this makes the probability of a rebound “substantially higher,” it added. The onchain analytics platform said that Ethereum’s social sentiment has fallen into an “extreme fear zone” as traders react to months of underperformance relative to Bitcoin and many other altcoins. The recent selloff […]
Anthropic is reportedly set to release a public version of its Mythos AI model, and crypto analyst The DeFi Investor is urging decentralized finance users to act before that happens. The concern is based on how good Mythos is at finding software vulnerabilities, and a version of it becoming widely accessible could accelerate the speed […]
Sahara AI’s SAHARA token crashed by roughly 60% on June 9, triggering over $23 million in liquidations. The incident caused speculation across crypto markets, especially since it happened right around the time another protocol, Humanity, reported a breach that cost it $30 million and led to its native H token losing nearly 90% of its […]
Bitcoin (BTC) staged a late Sunday rebound following several days of downward price action, though signs suggest the market has not reached a true recovery. Doctor Profit believes the crypto asset has moved into Stage 5 of his six-stage bear market framework, a period marked by intense emotional pressure. Biggest Bear Market Trap According to […]