A journalism graduate who is passionate about writing loves to dance and travel currently starts exploring blockchain technology.
While the global crypto market is swinging with both gains and losses, the movement of large asset volumes across exchanges is drawing increased attention. In a recent transaction, Pendle Finance’s Ecosystem Fund transferred 600,000 PENDLE tokens, equivalent to approximately $1.64 million, to Binance around 11 hours ago. This marks a
August 13, 2024 2 mins read
While the cryptocurrency market is experiencing a downturn, Sui (SUI) stands out with a significant performance. In the last 24 hours, SUI has soared over 20%, and its weekly gain has reached 120%. This surge comes at a time when the broader market trends are not as favorable, highlighting SUI’s
August 12, 2024 2 mins read
As Bitcoin (BTC) faces a notable dip, the Solana-based memecoin Dogwifhat (WIF) has recorded significant volatility with a double-digit loss. In the last 24 hours, WIF displayed a sharp decline of over 13.3%, reflecting the broader impact of Bitcoin’s downturn on the memecoin market. The memecoin, which fell to $1.09
August 12, 2024 2 mins read
While the global crypto market turned to recovery, Ethereum exchange-traded funds (ETFs) in the United States displayed notable activity. On Wednesday, BlackRock’s fund saw a significant net inflow of around $110 million, contributing to a positive trend for Ethereum ETFs. For two consecutive days, U.S.-based spot Ether ETFs have recorded
August 7, 2024 2 mins read
Ronin Network has experienced a significant security breach, resulting in the loss of nearly $9.8 million worth of Ethereum (ETH). This incident highlights the growing concerns surrounding crypto security, particularly amidst the recent wave of hacking activities. On August 6, 2024, Ronin Network, which underpins the popular play-to-earn game Axie
August 6, 2024 1 min read
India’s Directorate General of Goods and Services Tax Intelligence (DGGI) has issued a show cause notice to Binance, one of the world’s largest cryptocurrency exchanges. The notice demands a payment of ₹722 crore ($86 million) in Goods and Services Tax (GST), marking a pivotal move in the regulation of the
August 6, 2024 2 mins read
Following a sharp dip to the $2,100 zone on Monday, Ethereum (ETH) has climbed back to test the $2,500 barrier. This recovery raises questions about the Ethereum market trend, with a target at the $2,750 level before possibly resuming a bearish trend. On Monday, ETH’s price plummeted more than 23%
August 6, 2024 2 mins read
The cryptocurrency market is grappling with significant losses as the beginning of August has shown an unprecedented downturn. The primary trigger for this sell-off appears to be looming uncertainties regarding Jump Crypto’s sell-off. This issue has led to widespread panic among investors, worsening an already volatile situation. XRP has taken
August 5, 2024 2 mins read
In the last 24 hours, the cryptocurrency market faced a sharp downturn, with $901.67 million in long positions liquidated. The sell-off, which surged on Sunday, has stemmed to significant losses across major digital assets like Bitcoin (BTC) and Ethereum (ETH). Also, the decline has pushed the global market cap below
August 5, 2024 2 mins read
Ethereum (ETH), the second-largest cryptocurrency by market cap, has fallen below $3,000 for the second time in the past 30 days, mirroring global market concern and significant sell-off pressure in the crypto ecosystem. Today’s 8.41% decline in ETH comes as Genesis Trading, a major player in the crypto market, has
August 3, 2024 2 mins read