The cryptocurrency sector finds a glimmer of optimism as Solana’s native token, SOL, shines with a 10% surge over the past 24 hours. Amid Bitcoin‘s slump to a two-month low of $56,592, Solana’s remarkable resilience stands out, showcasing a recovery from $121.50 to $135.11. Despite facing a challenging month with
In the first quarter of 2024, the crypto sphere found itself navigating turbulent waters, with Bitcoin’s highly anticipated halving event failing to produce the expected bullish momentum. The onset of may brought with it a continuation of this bearish sentiment, as Bitcoin plummeted to a two-month low of $56,486, marking
The USDT stablecoin’s issuer, Tether, has released its Q1 attestation report for 2024. As of March 31, 2024, the most recent attestation extends beyond the reserves supporting Tether stablecoins. In addition, it summarizes the financial strength of the whole Tether Group. The first quarter of 2024 was a watershed moment
The USDT stablecoin issuer Tether has now made a strategic investment in Neuralink competitor Blackrock Neurotech in an effort to advance brain-computer interface (BCI) technology. Neuralink is Elon Musk’s neural implant company. Today, April 29, the stablecoin business made a formal announcement that brought attention to the $200 million investment
Ash Crypto, a famous crypto analyst on X, anticipates the onset of Alt Season 2.0, following a surge in the Altcoin market since January 2024. The current market conditions appear favorable for investment and price increases with a retracement of 28%. Altcoins, which include all cryptocurrencies excluding Bitcoin, have witnessed
Decentralized Physical Infrastructure (DePIN) is generating buzz in the crypto community as the next revolutionary narrative in the realm. Among the projects leading this paradigm shift is Helium, a Solana-based decentralized wireless network builder. Over the past 24 hours, the protocol’s native token, HNT, has claimed a spot as one
The Ethereum network’s gas fees hit a six-month low, coinciding with a small weekend increase in ETH pricing. This, according to experts at crypto analytics platform Santiment, may be a precursor to a rebound in altcoins. Santiment recorded in an April 28 X post that the average cost of Ethereum
Today, the cryptocurrency market witnessed a mixed performance with a negative bias, particularly impacting Solana (SOL), a token known for its remarkable transaction speeds and scalability. Despite its advantageous features, Solana experienced a challenging period, reflected in a 5% decrease in its price over the past day and a 27%
The latest update from the cryptocurrency market shows a slight uptick in global crypto activity, albeit with some notable declines. The overall market capitalization dipped by 1.79%, to $2.33 trillion, and a 19.83% decrease in total trading volume, now at $63.56 billion. Bitcoin is facing challenges in maintaining support levels
As tensions rise within the Ethereum community, Vitalik Buterin, co-founder of Ethereum and a supporter of the network’s transition from the Proof-of-Work (PoW) to the Proof-of-Stake (PoS) consensus mechanism, has provided some justifications for the change. In particular, American entrepreneur Amanda Cassatt’s X post prompted his response. According to Cassatt,
