The crypto market had a rough start, shedding 2.16% in market cap to reach $3.19 trillion. Major assets have surrendered recent gains, testing previous support levels. Among altcoins, Chainlink (LINK) took a hit, dropping 5.35% in the past 24 hours. LINK opened the day trading at around $19, despite climbing
The second largest memecoin, Shiba Inu (SHIB), has been trading sluggishly recently, struggling to break the downtrend for months. Over the past 24 hours, the memecoin attempted to break the $0.00001600 but failed as the bears overtook the bulls. As the bearish momentum gained control, the memecoin faced a pullback
The Doodles NFT collection has achieved a remarkable $16 million in weekly trading volume following its announcement of $DOODS, a Solana-based meme coin. This surge marks the collection’s second-highest trading peak in 2024, demonstrating the growing trend of established Ethereum NFT projects expanding into Solana’s memecoin ecosystem. Strategic Evolution in
The Bybit hack worth $1.4 billion sent waves across the crypto industry. Hackers are coming up with the most advanced types of scams no matter how secure crypto exchanges are. To reverse the damage, Arthur Heyes suggested rolling back the Ethereum network to Vitalik Buterin on X. .@VitalikButerin will you
The Bybit hack, now the largest crypto breach in history, has sent shockwaves through the market. As the stolen ETH’s are moved and liquidated, Ethereum’s price has tumbled by more than 3.30%, raising concerns about further volatility. The hacker drained roughly 401,000 ETH worth $1.4 billion from Bybit’s cold wallets.
The crypto market has faced a major setback following the recent Bybit hack incident, which drained $1.4 billion ETH. Following the hack, liquidations worth $566 million have been observed in the market in the past 24 hours. Moreover, the global market cap declined by 1.98% to $3.17 trillion, while the
The U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into OpenSea without filing charges. OpenSea’s CEO, Devin Finzer, described this move as a victory for the NFT industry. The SEC is closing its investigation into @opensea. This is a win for everyone who is creating and building
Ethena’s price rose 10% in the last 24 hours showcasing buyers’ presence at the lower level. On the 4-hour timeframe, it gave a breakout above the 50-day EMA level indicating a short-term trend in the upward direction. In the 4 hours time frame Ethena’s price sustained above the 50-day EMA,
Popular rapper Kanye West has been making headlines for the past few weeks regarding his entry into the crypto industry. It first started when Kanye claimed that he was offered $2 million to promote a fake Ye cryptocurrency. Since then, there were speculations that the rapper will soon launch a
Bybit, one of the leading cryptocurrency exchanges, had a calamitous hack last Friday, during which about 401,000 ETH worth $1.4 billion was stolen. This has become the largest recorded heist in history. Ben Zhou, Bybit co-founder and CEO confirmed that the breach happened due to an advanced attack that exploited
