MakerDAO, a decentralized finance (DeFi) platform, has announced the launch of new versions of its native tokens, DAI and MKR, as part of its ongoing endgame plan. The new tokens, named NewStable (NST) and NewGovToken (NGT), were introduced to enhance governance and functionality within the MakerDAO ecosystem. According to the
August 23, 2024 2 mins read
The crypto market has briefly recovered from the recent dip, and the global crypto market cap has spiked by 0.75% to $2.15 trillion over the last day. Leading cryptocurrencies have recovered moderately from their support levels. Among them, Bitcoin (BTC) has soared 0.39% within the last 24 hours. Bitcoin’s price
August 23, 2024 2 mins read
The global crypto market cap is briefly up by 2.72%, reaching $2.16T over the last day. Along with, the meme coin market is moderately priced in green, and several meme coins have spiked from their recent lows. Among them, the dog-themed meme coin, Shiba Inu (SHIB), has seen a price
August 22, 2024 2 mins read
Despite the market correction, Fantom (FTM) appeared as a standout performer, topping the gainers list with a 16% rally over the past 24 hours. Whereas, the largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have spiked moderately, not to extend losses. The token opened the day at $0.4473 and eventually led
August 22, 2024 2 mins read
A crypto whale has fallen victim to a phishing attack, losing a substantial 55.47 million DAI tokens ($55M) after negligently signing a fraudulent transaction. According to the on-chain data, the funds were stored in the vault of Maker, a decentralized finance (DeFi) protocol built on Ethereum. However, the ownership of
August 21, 2024 1 min read
Bitcoin (BTC) has fallen below $59,000 again, leaving traders and investors anxious with its intense consolidation phase. The largest cap cryptocurrency has been in a crisis to maintain its position above the $60,000 price level. Despite breaking the resistance, BTC signals a brief bearish rally by sliding down to $58,610
August 21, 2024 2 mins read
Coinbase-developed Ethereum L2, Base, transforms Ethereum interactions with its new feature, Basenames, launching today. Integrating with the Ethereum Names Service (ENS) infrastructure, Basenames emerged as a “onchain building block that enables anyone to establish their identity on Base.” The strategy for launching Basenames involves the Dutch auction mechanism for users
August 20, 2024 2 mins read
Solana (SOL), the fifth-largest altcoin by market cap, has extended its minimal gains. After a 2.67% spike in the last 24 hours, SOL hit the $148 mark. Despite struggling to $150, the altcoin signals a brief bullish rally for the day surpassing its previous resistance levels. The token opened the
August 20, 2024 2 mins read
Global investment giant Goldman Sachs Group, Inc. has lowered the probability of the U.S. entering a recession next year to 20% from its previous estimate of 25%. The firm has expressed increased confidence that the U.S. Federal Reserve will reduce interest rates by 25 basis points at its September policy
August 19, 2024 1 min read
The largest cryptocurrencies by market cap, Bitcoin (BTC) and Ethereum (ETH), continue to experience bearish fluctuations within the $58K and $60K level and ETH within the $2.6K level, respectively. Altcoins are witnessing a continuous decline, facing selling pressure and a lack of buying interest. Earlier, the altcoin market experienced a
August 19, 2024 3 mins read
