Bitcoin’s ride continues as the cryptocurrency market experiences sharp turbulence. After soaring to almost $63,500 on May 10th, Bitcoin suddenly nosedived by over $2,000 within some hours. This rapid and unexpected drop has rattled investors, raising concerns and leading to the liquidation of approximately $132.58 million worth of long positions.
Staking will not be a part of the proposed spot ether exchange-traded fund (ETF) from 21Shares and Cathie Wood’s ARK Invest. The “sponsor may, from time to time, stake a portion of the Trust’s assets through one or more trusted Staking Providers.” was a staking component that ArkInvest/21 Shares disclosed
In-Depth Analysis of VeChain’s Market Prospects Crypto market analyst Ali Martinez has provided a bullish outlook for VeChain (VET), citing the emergence of fractal patterns on the 1-month chart that historically have been precursors to major price increases. These patterns, similar to those observed in late 2018 and mid-2020, suggest
The number of companies having exposure to spot Bitcoin ETFs is increasing, and Wells Fargo is the latest addition to that list. The bank has gained exposure to Bitcoin, according to a recent filing with the SEC, which has sparked discussions among crypto enthusiasts. Gaining exposure to the biggest cryptocurrency
BlockDAG (BDAG) has recently updated its roadmap for 2024, stirring excitement within the crypto community, especially with the upcoming beta release of its X1 app on June 1. This progress comes when Ethereum’s price shows a notable decline, dropping below $3,100, and Toncoin displays significant market potential. This article will
The decentralized finance (DeFi) sector is witnessing fierce competition among various projects, each striving to establish dominance and offer innovative solutions to users. While Polygon (MATIC) has emerged as a prominent player in the DeFi space, a new contender, Retik Finance (RETIK), has risen quickly with ambitious goals and unique
Avalon A15 series, with the A1566 serving as the flagship model, was recently revealed by Canaan, a well-known producer of bitcoin mining equipment. With statistics including an exceptional energy efficiency ratio of 18.5J/T, computational power of 185T, and a power usage of 3420W, the Avalon A15 series represents a major
While the global crypto market is experiencing a decline, THORChain, the liquidity protocol native token RUNE, surged over 13% in the past 24 hours, rising from $5.35 to $6.11 and claiming a top spot among gainers. The token had been relatively stable, trading within the range of $4.95 to $5.54
Meme coins have carved out their own niche, often characterized by whimsical branding and explosive, albeit volatile, price movements in the ever-evolving landscape of cryptocurrency. Among the myriad of meme coins, Solana has emerged as a popular blockchain platform, offering fast transactions and low fees. In April 2024, a new
Retik Finance (RETIK) emerges as a revolutionary force in the decentralized finance (DeFi) space as the crypto market braces for the anticipated bull run post-Bitcoin halving. Poised for its grand launch on May 21, 2024, Retik Finance is not just any DeFi platform; it’s a game-changer that can reshape how
