Peter Schiff, a prominent gold bug, has been relentless in his criticism of bitcoin, even as the cryptocurrency soared above $70,000. Schiff’s latest warning came in response to the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission. He believes that if these ETFs are given the green light, it could
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The recent surge in Bitcoin and Ethereum prices has not been without casualties in the crypto market. In the past day alone, over $330 million has been liquidated, with short traders bearing the brunt of the losses. According to Coinglass data, more than 78,000 crypto traders have seen their positions liquidated, resulting in hundreds of
Recently, Gala Game, a Web3 gaming project, fell victim to an exploitation incident where an unknown attacker, posing as a compromised admin address, managed to mint 5 Billion GALA tokens, valued at over $200 million. This breach led to the unauthorized sale of 600 million tokens through Uniswap, amounting to $29 million at the time
Recent developments within the SEC have sparked greater optimism surrounding potential approvals for spot Ethereum ETF applications. Sources have indicated that the SEC has requested applicants to update their 19-b4 filings, leading to speculations that the regulatory body may not deny pending applications as initially expected. ETF analyst Eric Balchunas and ETF Store President Nate
Ethereum, the second-largest cryptocurrency by market capitalization, is currently positioned at a critical juncture, with predictions of a potential breakout. Prominent crypto analyst Jelle recently highlighted that Ethereum is approaching the end of a falling wedge pattern, typically interpreted as a bullish signal in technical analysis. As Ethereum recently regained its 100-day Exponential Moving Average
The resurgence of retail investors in Ethereum meme coin markets has taken many by surprise. The rise of a new token, Apu, on decentralized exchanges (DEX) has captured the attention of many traders. This shift in market dynamics marks a notable change after a period dominated by Solana meme coins. The decline in Ethereum gas
In the world of cryptocurrency, every tiny indicator is examined under a microscope in hopes of predicting the next big move in the market. A recent development in the Bitcoin space has sparked optimism among analysts, suggesting a potential rally for the world’s largest cryptocurrency based on a unique technical pattern. The Stablecoin Supply Ratio
Bitcoin’s price has been fluctuating in the past 24 hours, dropping below $67,000 multiple times but managing to react positively to each correction. Despite some temporary setbacks, the cryptocurrency now hovers around the $67,000 mark once again. Last week, Bitcoin experienced a brief drop to just over $61,000 due to some issues with Coinbase, but
The upcoming week is poised to be an eventful one in the economic realm, with key highlights being the release of the Federal Reserve meeting minutes and a much-anticipated earnings report from semiconductor giant Nvidia. These two events have the potential to significantly impact market sentiment and direction in the coming days. In addition to
The highly anticipated American football-inspired web3 game, Draftables, made waves recently by selling out of its Founder Pass NFTs on Avalanche’s Hyperspace in less than 10 minutes. The fast-paced sellout of the freebie Founder Pass NFT series is a clear indication of the excitement and anticipation surrounding the game. Those lucky enough to hold these