India-based centralized exchange WazirX recently experienced a significant exploit that resulted in the loss of nearly half of its assets, totaling over $230 million in user assets. Co-founder Nischal Shetty took to social media on July 23 to inform users about the breach and reassure them that the exchange is actively seeking partnerships to restore
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As the market eagerly awaits the launch of spot Ethereum ETFs, the approval of these investment vehicles has sparked a wave of expectations and speculation. Despite the anticipation surrounding this event, the price of Ethereum has remained relatively stable, showing no significant fluctuations in the lead-up to the trading debut. Market Sensitivity to Inflows from
The recent positive inflows towards the largest spot Bitcoin ETFs in the US have not been enough to stabilize the price of the underlying asset. Despite initial gains, the price retraced significantly in the past day, dipping below $65,000 at one point. However, it has managed to bounce back and is currently hovering around $67,000.
Recently, a report from CoinShares revealed an interesting trend in the cryptocurrency market. Ethereum (ETH) witnessed a surge in inflows, outpacing Solana (SOL) for the year 2024. This surge came in anticipation of the launch of exchange-traded funds (ETFs) that would allow regulated investment in Ethereum in the US, the second-largest cryptocurrency by market capitalization.
Cryptocurrency has been a hot topic in the investment world, with Bitcoin being at the forefront of this digital currency revolution. As the value of Bitcoin continues to fluctuate, investors are looking for new ways to profit from its price movements. In a groundbreaking move, Hong Kong will be launching Asia’s first Bitcoin futures inverse
The crypto market is once again experiencing positive momentum, with both Bitcoin and altcoins seeing significant price increases. Crypto analyst Capo of Crypto has recently shared his optimism, suggesting that there are still more substantial moves to the upside for these digital assets. In a post on X, Capo expressed his belief that the “best
10x Research recently made a bold statement regarding the potential impact of President Joe Biden’s withdrawal from the 2024 presidential race. According to the firm, this move would pave the way for former President Donald Trump to secure a “decisive victory” in the November election. They go on to assert that no credible candidate stands
In the last decade, Ethereum has shown remarkable growth and development within the blockchain industry. It has come a long way from its humble beginnings with its initial coin offering (ICO) back in 2014 to becoming the second-largest cryptocurrency by market cap. Ethereum has continuously adapted and upgraded its technology, transitioning to Proof-of-Stake (PoS) and
The cryptocurrency market experienced a significant level of volatility on July 21, 2024, following Joe Biden’s announcement of his withdrawal from the 2024 presidential race. Various tokens linked to Biden and his family saw substantial declines, while those associated with potential Democratic replacements surged in value. The Joe Biden-linked Jeo Boden (BODEN) token, for example,
The recent announcement made by President Joe Biden regarding his decision to step down from the presidential race had a significant impact on the cryptocurrency market. Following the announcement, the Bitcoin price experienced a sudden crash, wiping off $2,000 in mere minutes and bringing it back down below $66,000. This abrupt decline caused other cryptocurrencies