American rapper Kanye West was seen wearing a Satoshi Nakamoto hat following the termination of his account by JPMorgan Chase. West has not publicly stated any support for Bitcoin, but the controversial figure may be looking elsewhere after he was canceled as a client. The rapper’s recent controversial statements led...
Bancor has suspended impermanent loss protection, citing hostile market conditions. The feature will be reactivated when markets stabilize. Bancor is the latest entity to take action as the effects of the bear market grow. The Bancor decentralized exchange is suspending its impermanent loss protection feature as it too begins to...
A meme project and token called the “The Protocol,” jokingly suggested by Vitalik Buterin, has been created, and the token has quickly started pumping. The THE token is up by 150% over the past 24 hours and is currently priced at $0.03. 24-hour trading volume is at $20.3 million. The...
Quick summary: Tyler Winklevoss has declared that $10k is Bitcoin’s new baseline His comments come after BTC dipped hard from $12k levels but still managed to get back above $10k Bitcoin’s final hurdle this week is the weekly close only hours away It has been a dramatic first week of...
Summary: The price of popular memecoin DOGE rallied by over 100% in the last week, courtesy of Elon Musk’s Twitter acquisition. On-chain data assessment revealed that the current market is marked by buyers exhaustion. Key indicators on the daily chart suggested that a price reversal is imminent. Courtesy of Elon...
Summary: Yesterday, Binance CEO Changpeng Zhao revealed that the exchange intends to liquidate its FTT holdings. Putting the solvency of FTX in doubt, sellers have rampaged the FTT market in the last 24 hours. Daily trading volume was at a six-month high without a corresponding price growth. Following Binance CEO...
P2E gaming platform Gala Games is experiencing a fallout from some community members over a recent security incident. Reports have emerged that hackers made off with over $4 million in GALA. Holders are also seeing a massive drop in their GALA holdings, with little information as to what exactly is...
The WallStreetBets insider accused of rugging the recently launched $WSB Coin has returned the stolen funds to the memecoin project. WSB surged by 155% following the return of funds.
Summary: The Korea Financial Intelligence Unit announced a crackdown on illegal virtual asset service providers. Authorities named 16 crypto exchanges in a report on Thursday. KuCoin, Bitrue, and DigiFinex and believed to be among the exchanges in question. The websites operated by these exchanges could face a geoban soon as...
Summary: Ethereum stakers have locked up over 2 million tokens so far in May alone, setting a new all-time high. Dune analytics data showed that daily ETH withdrawals have also slowed down after Kraken’s massive unlocks. Nansen’s Martin Lee noted that staking deposits post-Shanghai indicate strong overall confidence in both...
