Thu, May 28

Can Bitcoin Sustain the Ongoing Brief Bullish Momentum?

The crypto market has briefly recovered from the recent dip, and the global crypto market cap has spiked by 0.75% to $2.15 trillion over the last day. Leading cryptocurrencies have recovered moderately from their support levels. Among them, Bitcoin (BTC) has soared 0.39% within the last 24 hours.  Bitcoin’s price

August 23, 2024 2 mins read

Crypto Giants Contributed $119M Towards US Elections

The cryptocurrency industry has emerged as a significant player in US political financing, with firms spending over $119 million on federal elections. This substantial investment underscores the sector’s growing influence and its keen interest in shaping regulatory policies that could impact its future. Furthermore, the $119 million figure encompasses direct

August 22, 2024 1 min read

Can Shiba Inu (SHIB) Keep Up the Pace?

The global crypto market cap is briefly up by 2.72%, reaching $2.16T over the last day. Along with, the meme coin market is moderately priced in green, and several meme coins have spiked from their recent lows. Among them, the dog-themed meme coin, Shiba Inu (SHIB), has seen a price

August 22, 2024 2 mins read

Fantom (FTM) Outpaces Major Crypto Players with 16% Jump

Despite the market correction, Fantom (FTM) appeared as a standout performer, topping the gainers list with a 16% rally over the past 24 hours. Whereas, the largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have spiked moderately, not to extend losses. The token opened the day at $0.4473 and eventually led

August 22, 2024 2 mins read

Crypto Whale Lost $55M Worth DAI To A Phishing Attack

A crypto whale has fallen victim to a phishing attack, losing a substantial 55.47 million DAI tokens ($55M) after negligently signing a fraudulent transaction. According to the on-chain data, the funds were stored in the vault of Maker, a decentralized finance (DeFi) protocol built on Ethereum.  However, the ownership of

August 21, 2024 1 min read

Is AAVE Poised for a Major Rally After Hitting a 5-Month High?

AAVE has defied the market’s turbulence with a 36% surge over the past seven days. It recently reached a five-month high of $143. As of now, the token is trading at $135.98, reflecting a 5% increase in the last 24 hours. During the same period, trading volume has risen by

August 21, 2024 2 mins read

What Does This Recent Consolidated Dip Mean to Bitcoin (BTC)?

Bitcoin (BTC) has fallen below $59,000 again, leaving traders and investors anxious with its intense consolidation phase. The largest cap cryptocurrency has been in a crisis to maintain its position above the $60,000 price level. Despite breaking the resistance, BTC signals a brief bearish rally by sliding down to $58,610

August 21, 2024 2 mins read

Can Binance Survive Another Lawsuit?

Binance and its former CEO, Changpeng Zhao (CZ), are facing a new class action lawsuit filed by three crypto investors. The lawsuit alleges that the exchange failed to prevent money laundering, which, in turn, led to the plaintiffs’ inability to recover their stolen assets. The plaintiffs filed this complaint in

August 21, 2024 2 mins read

Floki Inu Proposes $200K Investment in Simon’s Cat Token

Floki Inu has recently introduced a new DAO proposal, recommending a $200,000 investment from its treasury into Simon’s Cat Token. This proposal signifies a strategic move aimed at expanding Floki Inu’s investment portfolio and supporting promising new projects in the crypto space. According to the official Floki Inu page, the

August 20, 2024 2 mins read

Dogecoin Rallies as Trump Proposes Cabinet Role for Elon Musk

The U.S. presidential campaign this year has turned into a dramatic spectacle, with significant implications for global markets. As President Biden steps down, Vice President Kamala Harris has stepped in, facing a formidable challenge from Donald Trump, who is running an aggressive campaign. Interestingly, cryptocurrency has emerged as a central

August 20, 2024 2 mins read