A notable move by a PEPE memecoin whale has caught traders’ attention. The investor, known for their diamond hand approach, initially spent $200,000 USDC to acquire 170 billion PEPE tokens on October 25, 2023. They held the tokens until July 25, 2024, when they sold them for $1.97 million USDC,
Layer-1 blockchain The Open Network (TON) has been in the limelight for the past few days ever since the arrest of Telegram CEO Pavel Durov. The TON blockchain has resumed operations following a significant six-hour outage caused by a surge in network traffic. Reportedly, the network stayed inactive on Wednesday
As the cryptocurrency market navigates a turbulent period, Bitcoin (BTC) has showcased a significant drop, moving from nearly $65,000 to below $58,000 in recent days. This downward shift has been influenced by a mix of factors, including market reactions to recent economic news and broader financial trends. According to CoinMarketCap,
In the cryptocurrency sector, volatility in prices is a daily occurrence. Despite that, significant movements in charts often tend to draw investors’ attention. Relatedly, the second largest altcoin, Solana, showed such price movements. The token has seen a price drop of 4.54% in the last 24 hours. Solana, the native
Maker, a leading platform in decentralized finance, has recently undergone a rebranding and is now known as Sky. Alongside this change, their widely-used stablecoin, previously known as DAI, has been upgraded and rebranded as USDS. Users can upgrade from DAI or convert from USDC to NetStable at a 1:1 ratio.
Australians has suffered significant financial losses to cryptocurrency scams, amounting to $122 million over the past 12 months, according to the Australian Federal Police (AFP). The increase in scam activity highlights a worrying trend as more Australians venture into the digital currency space. Many victims fall prey to schemes promising
Slash Vision Labs, the company behind one of Japan’s most popular crypto payments services, is looking to expand further into Asia by increasing access to its native SVL token. Its strategy involves getting some of Asia’s most reputable exchange platforms to list the SVL token, so as to boost awareness
The crypto market is reeling from significant losses, with Bitcoin (BTC) falling under $59,000 and Ethereum (ETH) experiencing a sharp decline of nearly 10%, dropping from its high of $2,800 to below $2,500. Particularly since the start of August, Ethereum has taken a significant nosedive and has struggled to breach
In August 2024, following substantial declines, Bitcoin and Ethereum entered a prolonged period of sideways oscillation. As the market needed new stimuli, meme coins once again became the focus of investors. In the past two weeks, the meme market has been exceptionally hot. Inspired by rags-to-riches stories, a large amount
Shiba Inu (SHIB) has witnessed a notable surge in transaction volume over the past 24 hours, with 1.8 trillion tokens changing hands, largely due to significant whale movements. This recent uptick is approaching the seven-day peak of 2.12 trillion SHIB recorded on August 21, suggesting a potential shift in market
