A hacker made off with over $135,000 after hijacking the X accounts of SpaceX and Starlink to promote a meme coin. The profiles were used to shill a Robinhood-based token that briefly hit a $2 million market cap before crashing to almost zero. SpaceX and Starlink Fall Victim to Compromise Screenshots circulating on social media […]
Long-time crypto trader Ogle warned on July 13 that small meme coins with limited liquidity can collapse within minutes when a few large holders decide to sell. Pointing to recent losses around the latest sensation in the space, CASHCAT, the market watcher reiterated the risks in chasing fast-moving tokens, where paper gains can disappear really […]
Robinhood Chain has generated $816,000 in gross revenue since launching on July 1, with 89% captured by Robinhood, 10% by Arbitrum as middleware, and only 0.15%, or $1,538, paid to Ethereum for settlement, which doesn’t sound great. Robinhood Chain is an EVM-compatible Arbitrum-based layer-2 network that uses ETH as its native gas token, but Ethereum […]
A Duke University finance professor, Campbell Harvey, has said that a 51% attack on Bitcoin, long dismissed as a theoretical exercise that would only destroy value for whoever tried it, has quietly become something an attacker could profit from because of today’s derivatives markets. However, many BTC supporters dismissed the claim made during the July […]
Even in times when XRP and the company behind it were not in good shape in their home country, Japan has long stood out as a major ally. However, the most recent regulatory and institutional developments suggest that the country could play an even bigger role in their future. Over the past several months, Japan […]
Euro Coin (EURC) saw a sharp increase in on-chain activity as both daily active addresses and new wallet creation reached all-time highs in its four-year history, according to Santiment. The surge likely reflects growing demand for regulated euro-denominated stablecoins as the EU’s Markets in Crypto-Assets (MiCA) framework encourages exchanges, payment providers, and crypto applications to […]
The end of another week has arrived, which brings another Bitcoin and Ethereum options expiry event as spot markets remain sideways. Around 23,400 Bitcoin options contracts will expire on Friday, July 10, with a notional value of roughly $1.4 billion. This one is smaller than usual expiry events, so there is unlikely to be any […]
XRP continues to display signs of weakening market conditions, as key indicators suggest that sellers remain in control, according to the latest analysis from CryptoQuant. The data show Open Interest has dropped to $350.6 million, one of its lowest levels in recent months, indicating that traders are closing futures positions and reducing leverage. Bearish Signals […]
AscendEX said it stopped operating on July 1 after the MiCA transition period ended. Following its exit, ZachXBT warned the public about the platform’s liquidity, alleging that it wouldn’t be able to process customer withdrawals. ZachXBT Raises Fresh Liquidity Concerns In its announcement, the crypto exchange said that it was winding down due to challenging […]
Ethereum (ETH) is trading at nearly 65% below its all-time high, with attention around the asset at an almost yearly low, even as its largest network upgrade since The Merge is due within weeks. But an analyst tracking the setup says the gap between weak social interest and steady on-chain usage is the kind of […]