The current state of the market has left many new Bitcoin investors feeling the pressure of potential financial losses. Various metrics point towards a bearish environment, highlighting factors that can contribute to market volatility, increased selling pressure, and further price declines. One key metric, the Short-Term Holder MVRV ratio, exposes the harsh reality faced by
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Recently, liquidators representing Three Arrows Capital (3AC) have taken legal action against TerraForm Labs, a bankrupt digital assets company co-founded by Do Kwon. The liquidators are alleging that TerraForm Labs engaged in market manipulation, specifically affecting the prices of Luna and TerraUSD. This alleged manipulation resulted in inflated prices for these tokens, which ultimately led
The recent trading activities in the cryptocurrency market have pointed to a crucial moment for Ethereum. The formation of a bearish triangle pattern signals a potential significant breakout. It is essential to closely monitor the movement of Ethereum as it approaches this critical point. The price action of Ethereum is currently below the 100-day Simple
Unioverse, a popular sci-fi franchise and gaming platform, is making waves once again with the launch of its latest game, Hoverdrome. This new gaming experience promises to blend the excitement of Mario Kart and Rocket League, setting itself apart as a top-tier action-packed adventure in the world of Web3 gaming. Gameplay and Innovation Hoverdrome’s gameplay
In a recent court filing on August 12, a US appeals court made a significant decision to partially overturn the dismissal of a class-action lawsuit against Binance.US, the US subsidiary of the global Binance exchange. The plaintiff, Ryan Cox, had brought forward allegations against both Binance.US and CoinMarketCap regarding the manipulation of the price of
The US spot Ethereum ETFs saw a total inflow of $4.9 million on Monday, with varying levels of activity among the different funds. Grayscale Ethereum Trust (ETHE) stood out by recording no withdrawals, marking a significant change after 14 days of consecutive outflows. This shift in investor sentiment towards ETHE is noteworthy and signals a
As the cryptocurrency industry continues to grow and evolve, there is a pressing need for clear and concise regulations to guide companies in the space. Pro-Bitcoin Democrat House Representative and lawyer Ro Khanna recently expressed his expectations for the Biden administration to release a crypto regulation roadmap in the coming weeks. These expectations stem from
Sui (SUI) has witnessed a staggering 70% weekly increase in its price, following the launch of Grayscale’s Sui Trust. This surge in value has positioned SUI as one of the leading cryptocurrencies in the market, with a daily increase of over 9% as well. Trading at approximately $1, SUI has caught the attention of many
In the past week, Ethereum (ETH) faced a sharp decline, dropping to $2,112, representing the largest market slump of the year. However, the cryptocurrency has since shown signs of recovery, climbing 8% in the last seven days to surpass the crucial $2,600 level. With sights set on the $3,000 milestone once again, Ethereum is poised
Gala Games has recently introduced a new feature that allows users to log in to their platforms using their Telegram accounts. This Single Sign On (SSO) option aims to simplify the process of accessing Gala platforms, such as Gala Games, Gala Music, and Gala Film, by eliminating the need for usernames and passwords. By enabling