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Why is the Shiba Inu (SHIB) Price Down Today?

This meme coin continues to suffer with no relief from buyers so far. Key Support levels: $0.000014 Key Resistance levels: $0.000018 1. SHIB Remains Bearish The price fell by almost 6% in the past week, and this correction shows no signs of ending. The current support is found at $0.000014, which could be the place where buyers become interested again. Until then, the bias remains bearish on this price action. Chart by TradingView2. Sellers Dominate Back in March, SHIB...

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Bitfinex Among Major Firms Affected by Evolve Bank Data Theft

Crypto-friendly financial institution Evolve Bank and Trust was embroiled in a massive data breach. The bank admitted it had been aware of the incident, which involved the theft of 33 terabytes of user data. While Evolve Bank maintained that customer funds appear to remain untouched, they admitted that the hackers likely managed to download sensitive customer information stored in the bank’s databases. Evolve Bank’s Breach Exposes Bitfinex and Other Firms’ Data The...

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Relax And Zoom Out On Bitcoin Bull Market, Says Arthur Hayes

Historical economic trends suggest Bitcoin is fated for another massive leg up this market cycle, according to BitMEX co-founder Arthur Hayes. While Bitcoin has traded mostly flat over the past several months, Hayes says he’s confident that the leading crypto asset will “regain its mojo” thanks to the overwhelming U.S. government spending and money printing of the modern era. The Local Inflationary Period The popular crypto essayist broke economic history down into two basic...

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Important Ripple v. SEC Lawsuit Update Keeps XRP Price Afloat: Details

The crypto market has broadly retraced its momentary gains since the start of the week on Tuesday, though XRP has managed to retain some bullish momentum. Part of the reason is due to a major court ruling regarding the Securities and Exchange Commission (SEC)’s lawsuit against Binance, which Ripple has now leveraged in its ongoing battle with the regulator. In a letter to Judge Analisa Torres, Ripple’s legal counsel Michael Kellogg argued that the recent Binance ruling...

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Kraken Co-Founder Jesse Powell Donates $1 Million to Trump Campaign

Jesse Powell, the Kraken co-founder, has pledged $1 million in mostly Ether to Trump’s presidential campaign. His donation symbolizes the growing support Trump witnesses from the crypto community in the US thanks to his endorsement of the digital asset industry and promise to make it easier for crypto companies to operate. “I just personally donated $1m (mostly #ETH) to @realDonaldTrump,” said Powell in an X post. He iterated how the democrats and the SEC under democratic leadership prevent...

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DeFi.Gold Releases Public Alpha of NFT Marketplace with Ordinals Support

[PRESS RELEASE – Georgetown, Cayman Islands, July 2nd, 2024] DG Labs Ltd (DeFi.Gold) proudly announces the release of the public alpha version of its highly anticipated NFT marketplace, now featuring support for Ordinals. This significant milestone marks the beginning of a new era in digital asset trading and ownership. The public alpha release provides users with an early glimpse into the revolutionary decentralized marketplace designed to empower creators, collectors, and...

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