Crypto news

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Solana’s largest non-fungible token marketplace Magic Eden recently found itself in a bizarre situation after the platform displayed pornographic images and stills from the award-winning comedy series The Big Bang Theory instead of NFT collections. Shortly after the incident, users began speculating that the NFT marketplace may have been compromised. However, Magic Eden clarified that the incident was caused by a third-party image hosting provider supposedly experiencing a...

Major League Baseball (MLB) has announced it’s not looking to continue the deal it struck with now fallen crypto exchange FTX. The MLB Is Stepping Away from FTX The deal was initially formed prior to 2021, though it’s taken some time for things to get off the ground. Now that the company has filed bankruptcy and lost so much money due to illicit accounting activities, the MLB has said that it’s looking to back out of the deal and part ways with the disgraced digital...

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The Grayscale Ethereum Trust (ETHE) has fallen to a record discount of -60% as fears over liquidations mount. The discount to net asset value (NAV) had been between -25% and -35% up until early November when FTX collapsed. It has since plummeted to its lowest-ever level this week. The Ethereum Trust is the firm’s second-largest, with $3.7 billion in assets under management (AUM). It holds around 3 million ETH, which is about 2.5% of its total market capitalization. The ETHE...

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ADA price seems to be forming a support base above the $0.24 level against the US Dollar. The price is now trading above $0.250 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.270 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it clears the $0.270 and $0.30 levels. Cardano price is showing positive signs above $0.250 against the US Dollar, similar to bitcoin. ADA price...