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SHIB and XRP Outpace Broader Market With Weekend Rally
After hitting recent lows, Shiba Inu (SHIB) rebounded on Saturday morning. SHIB/USD climbed from Friday’s low of $0.000008016 up to an intraday peak of $0.00000822. This allowed SHIB to move away from support around $0.00000790. The RSI indicator for SHIB also bounced off support at 39.00, jumping to 43.27. If bullish momentum continues, SHIB traders […]
The Great Ethereum Divide: Staking Soars as DeFi Declines
Ethereum (ETH) staking has been flourishing through protocols like Lido and other services even as the value of DeFi assets continues to decline. What is DeFi? Over the past year, the crypto sector has experienced a series of setbacks, including failures of centralized crypto platforms, which has also led to capital outflows from the DeFi […]
Ethereum Futures Point to Growing Bearish Sentiment
Recent data reveals diminishing enthusiasm for Ethereum in perpetual futures markets, even as ETH 2.0 deposits reach record highs. This divergence highlights potential concerns about Ethereum’s near-term outlook. Despite the milestone of over 28,019 ETH locked in the ETH 2.0 contract, Ethereum’s open interest on Binance perpetual futures plunged to a 13-month low of $1.28 […]
Ledn Partners with Parallel to Enable All-Crypto Real Estate Buys in Cayman Islands
Cryptocurrency lender Ledn has joined forces with Parallel, the leading crypto real estate broker in the Cayman Islands, to facilitate fully cryptocurrency-based real estate purchases in the region. The collaboration allows crypto investors to buy property in the Cayman Islands without needing to convert their assets to fiat currency. It also provides a pathway to […]
Litecoin Rallies on Positive Momentum: Can the Upward Trend Continue?
After a market-wide crash in mid-August, Litecoin saw a significant price drop. However, unlike some other cryptocurrencies, LTC quickly bounced back, sparking optimism among investors. But will this positive momentum last? Let’s analyze recent price action, holder behavior, and network activity to gauge Litecoin’s outlook. Litecoin Shows Resilience After Crash When the crypto market plunged […]
Binance Bets on Pendle Finance's Fixed Yield DeFi Product
Binance‘s investment division has funded decentralized finance (DeFi) yield protocol Pendle Finance. The capital will help Pendle expand across blockchain networks and provide easier yield farming for institutions and individuals. Pendle simplifies earning DeFi yields by letting users trade discounted future yields. The funding highlights Binance’s ongoing support for innovative DeFi projects enriching the crypto […]
Bitcoin ETF Hopes Dampened as Investors Withdraw $55 Million
Investor confidence in a Bitcoin ETF being approved soon has dropped. This led to $55 million being pulled out of crypto investment funds last week. Bitcoin funds saw most of the money withdrawn – $42 million. This reversed the previous week’s inflows of $27 million. Short-Bitcoin funds, which profit when Bitcoin’s price falls, also saw […]
Exactly Protocol Offers $700,000 Reward for Details on Hacking Incident
The DeFi protocol Exactly Protocol was hacked. The hacker stole $7.3 million of user funds. To find the hacker, Exactly Protocol is offering a $700,000 bounty. The team explained how the hack happened. There was a vulnerability in a contract that allowed the hacker to bypass security checks. The hacker then took user funds. Now, […]
Personal Data of 101,000 Friend.tech Users Accessed in Cyber Attack
Friend.tech is a new social media app that suffered a data breach. Private information on over 100,000 users was leaked, including wallet addresses and usernames. Experts say this happened because of issues with Friend.tech’s API that allowed public access. Although Friend.tech claims the data was already public, experts argue this is still a privacy violation […]
Bitcoin Could Be on the Cusp of a Huge Breakout Rally
The MVRV Z-Score indicator for Bitcoin is approaching levels that historically preceded major bull runs. In 2015 and 2019, when this metric dipped below 0.1 it signaled Bitcoin was undervalued right before parabolic rallies occurred. Some analysts believe we could be nearing the last buying opportunity before another huge Bitcoin upswing. The brief dip into […]
BNB Price Plummeting: Should Investors Be Worried?
BNB Faces Uncertain Future Amid Market Turbulence The cryptocurrency market continues to be mired in uncertainty, with Bitcoin struggling to maintain support above $25,000. Amidst the shaky conditions, Binance Coin (BNB) appears particularly vulnerable to further declines. BNB has fallen through several key support levels recently as bearish momentum builds. Without a meaningful bounce soon, […]