The leading DEX on Solana, Raydium (RAY), took the biggest blow and slipped over 33.27%. The drop follows the report that Pump.fun, a Solana-based token issuance platform, is planning to launch its automated market maker (AMM). A replacement of Raydium for its AMM would result in a bearish sentiment for
Bybit quickly recovered from the recent hack of $1.5 billion worth of funds. The exchange fell prey to hackers despite being the secure and top-second crypto exchange platform in the industry. Its quick recovery to offer continuous support to users is setting an example to other crypto platforms in the
The recent Bybit hack shook the crypto industry, wiping around $1.5 billion worth of ETH from the exchange. Despite the huge loss, the exchange maintained its composure and addressed the issue at the earliest possible. It even restored the liquidity, allowing users to withdraw within a couple of days. Meanwhile,
Pump.fun, a Solana-based memecoin launchpad, is reportedly testing a new in-house automated market maker (AMM), which could potentially replace Raydium as the primary decentralized exchange for tokens launched on its platform. This development was initially reported by Aggr News on X (formerly Twitter), reporting that this innovation might challenge Raydium’s
Non-KYC crypto exchange eXch has denied accusations of laundering funds from the $1.4 billion Bybit hack, despite blockchain analysts linking stolen assets to its platform. While eXch admitted that some funds from the hack were processed, it insisted the case was “isolated.” Bybit suffered one of the largest crypto thefts
The number of US states that are exploring Bitcoin investments has lost count under Trump’s presidency. Georgia has also filed a Bitcoin reserve bill on Feb 14, 2024 adding to the list of these states. As per the latest updates, Georgia filed for a second Bitcoin reserve bill to invest
The crypto market recovery remains stalled despite multiple attempts. Bitcoin is consolidating, while Ethereum shows signs of weakening momentum, hinting at a downturn ahead. Notably, Ripple’s XRP is striving to break out of bearish territory. Analysts forecast that clearing crucial hurdles could trigger an upside correction toward new highs. XRP’s
The crypto market has furthered downwards over the weekend. Bitcoin has once again docked its ship at $95,000 after progressing closer to $100K just a few days ago. These bearish winds have also swayed the AltSeason’s sails causing minor price drops. On the other hand, the past day has seen
Bitcoin (BTC) is currently trading at $95,895.79, marking a 0.93% decline over the last 24 hours. The cryptocurrency hit a low of $95,685.71, with a 24-hour trading volume of $15.68 billion, reflecting a 65.45% decrease. The market cap remains at $1.9 trillion. South Dakota and Utah are advancing plans to
The global crypto market cap stands at $3.18 trillion, reflecting a 0.52% rise in the last 24 hours. However, the total crypto market volume has dropped 48.17% to $68.06 billion, signaling reduced trading activity. Amid these conditions, Maker (MKR), the governance token of the MakerDAO ecosystem is gaining momentum, rising
