Nexera, a DeFi protocol, recently fell victim to a smart contract security breach that led to the theft of $1.5 million in NXRA tokens. As a result of this incident, the value of the protocol’s native token plummeted by more than 40%. The breach was initially reported by Cyvers, a blockchain security firm, on August
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Crypto analyst Altcoin Sherpa recently stirred the cryptocurrency community with his bearish prediction regarding Bitcoin’s bottom. He suggested that the flagship cryptocurrency could still drop to new lows, possibly finding its bottom around the $40,000 range rather than $50,000. Altcoin Sherpa warned of “nasty wicks, liquidations, and pain” as Bitcoin struggles to maintain its price
Recently, the court reached a decision in the case filed by the US Securities and Exchange Commission (SEC) against Ripple, imposing a hefty fine of $125 million on the company. This ruling marks the end of a lengthy legal battle spanning over four years. Following the announcement of the fine, XRP experienced a significant price
CryptoQuant CEO Ki Young Ju remains optimistic about bitcoin’s future, predicting that the cryptocurrency could surpass its all-time high if its price stays above $45,000. Despite some bearish indicators in the broader financial markets, Ju believes that bitcoin has the potential for significant growth in the coming year. However, Ju also warns that the crypto
Bitcoin whales have been actively accumulating substantial amounts of the cryptocurrency amid the recent market downturn. According to on-chain activity data, over 404,448 BTC worth approximately $22.8 billion has been transferred to permanent holder addresses in the last 30 days. This significant movement of BTC to long-term holder wallets suggests a strong accumulation phase within
The recent crypto market crash triggered by the decline of Bitcoin has had a significant impact on altcoins like Cardano. While some may view this as a negative turn of events, others, such as crypto analyst Alan Santana, see it as an opportunity to purchase Cardano at a lower price. Santana’s analysis emphasizes a bullish
Ronaldo, an experienced crypto enthusiast, has spent over five years immersing himself in the world of cryptocurrencies. What began as a spark of curiosity has evolved into a deep passion for understanding the intricacies of this groundbreaking technology. His dedication to extensive research and staying up-to-date with the latest developments has granted him a unique
Shiba Inu (SHIB) experienced a remarkable surge of 20% on August 6, showcasing its resilience in the volatile cryptocurrency market. Despite facing a significant decline earlier in the week, the meme coin managed to bounce back and reclaim its position as one of the top performers in the industry. The surge in Shiba Inu’s price
Recent predictions by crypto trader Peter Brandt have sparked optimism within the crypto community. Brandt boldly predicts that Bitcoin could soar to new all-time highs of $90,000, despite the recent downtrend in the cryptocurrency’s price. Brandt’s approach to analyzing the market focuses on possibilities rather than probabilities or certainties. By avoiding over-dependence on assumptions, Brandt
In a surprising turn of events, spot Bitcoin exchange-traded funds (ETFs) in the United States have exceeded $5 billion in daily trading volume as of August 5. This milestone is a significant achievement, representing the first time since mid-April that such high trading volume has been recorded. Among the ETFs contributing to this record-breaking volume,