Semilore Faleti, a dedicated cryptocurrency writer, has made a name for himself in the field of journalism and content creation. Initially writing on various topics, Semilore eventually delved into the complexities of blockchains and cryptocurrency. His interest in the efficiency of digital assets for storing and transferring value drove him to become a staunch advocate
In the month of June, trading volume on centralized exchanges experienced a significant decline of 21.8%, marking the third consecutive month of diminishing activity since March. The combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded earlier in the year. The decrease in
In the ever-evolving world of cryptocurrency, one trend that has captured the attention of many investors and traders is the rise of dog-themed meme coins. These digital assets, often inspired by popular dog breeds or memes, have seen significant growth in 2024. Market Trends Dog-themed meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB)
In the midst of a crypto market recovery, Cardano holders find themselves in a precarious position. Data from IntoTheBlock reveals that Cardano is currently the worst performer in terms of profitability among the top 10 largest cryptocurrencies by market cap. This disappointing performance has left many long-term believers and investors in despair, as the profitability
MPC wallet provider Liminal recently stated that its infrastructure was not compromised during the hack of India-based crypto exchange WazirX. The firm released a detailed post-mortem report on July 19, attributing the breach to compromised devices within WazirX’s network. Liminal clarified in the report that its user interface (UI) was not responsible for the attack.
In a recent development, a US court has granted Binance US the permission to invest a portion of its customer fiat funds, currently held at BitGo, in US Treasury Bills. This decision comes after the exchange requested the court’s approval to invest around $40 million in $10 million increments over a span of four weeks.
The recent surge in Ethereum derivatives volume suggests that investors have little confidence in the Spot Ethereum ETFs, despite the imminent launch of these funds. Data from Laevitas reveals an annualized premium of 11% on Ethereum’s fixed-month contracts, indicating a lack of bullish sentiment towards ETH’s price. This lack of confidence is further highlighted by
In recent news, a market strategist has made a bold declaration regarding Bitcoin (BTC), stating that the world’s largest cryptocurrency has finally concluded its downtrend. The strategist believes that Bitcoin may be on its way to achieving a new price target, driven by a positive shift in its market value. This news comes as a
Ethereum showed a promising recovery this week, with a 12% price increase. The market rally allowed ETH to establish $3,300 as a key support level, setting a new base for further growth. The next target for buyers is $4,000, which also serves as a key resistance level. Optimism is returning to the market, with potential
Planetarium Labs is set to launch Immortal Rising 2, the much-anticipated follow-up to the popular Immortal Rising franchise. This new game will be built on the Immutable platform, offering early access and exclusive in-game rewards to attract players as excitement builds for the official launch. Immortal Rising 2 aims to build on the success of