In the wake of Ripple unlocking 1 billion tokens from escrow, the price of XRP fell. This action aims to improve market predictability and transparency via a long-term plan for managing the token supply. Despite this goal, investors were understandably wary based on the market’s quick response. With its well-coordinated
With a market valuation of $13.96 billion and more than 1.1 million daily active users (DAUs), Toncoin has lately achieved tremendous success inside the TON ecosystem. Toncoin (TON) has the largest market valuation in the TON ecosystem as of Aug. 26, according to statistics from IntoTheBlock (ITB). It reached the
The cryptocurrency market has been under significant pressure, with bearish sentiment leading to a 1.03% drop in overall market capitalization. Bitcoin, the leading cryptocurrency, experienced a 2% decline, while Ethereum, the top altcoin, fell by 1.8%. Despite the broader market downturn, the AI sector has garnered attention recently, with tokens
Linear Finance is a pioneering force in the decentralized finance (DeFi) sector. In the latest development, the company has launched a diversified Linear Marketplace, an innovative platform designed to transform peer-to-peer trading in the digital asset space. This unique marketplace will facilitate transactions involving both tokens and NFT Keys –
The memecoin space is abuzz with the recent activity of a major whale involving the dog-themed token WIF. This whale, the largest holder of WIF, recently borrowed 1.4 million USDC from Kamino, spending 1 million USDC to purchase 643,832 WIF at $1.55 just six hours ago. The whale currently holds
Economists in the United States are predicting a rather strong reading for personal consumption expenditures (PCE) price index, the favored inflation indicator of the Federal Reserve. This means the US FOMC will have to think about cutting interest rates in September. If the PCE price index number is greater, the
The U.S. Securities and Exchange Commission (SEC) has intensified its regulations in the cryptocurrency sector by issuing a Wells notice to OpenSea, a leading NFT marketplace. This indicates that the SEC is considering legal action against the platform, alleging that the NFTs traded on OpenSea might be under unregistered securities.
The overall crypto market is under downside pressure, and the market cap has plummeted by over 3.30% to $2.11 trillion. Leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) have crashed by over 4%. However, Polygon (MATIC) has drawn attention by topping the losers list, declining by 10.20% over the past 24
The cryptocurrency market has been under bearish pressure, with bearish sentiment driving a 5.58% decline in overall market capitalization. Bitcoin, the leading cryptocurrency, dropped to an eight-day low of $58,034, marking a 5% decline. Ethereum also faced a sharp downturn, briefly falling to a 20-day low of $2,481. Amid this
The cryptocurrency market has been under significant pressure as bearish sentiment led to a 5.58% drop in the overall market cap. Bitcoin, the leading cryptocurrency, plunged to an eight-day low of $58,034, marking a 5% decline. Ethereum also faced a sharp downturn, briefly falling to a 20-day low of $2,481.
