Crypto news

Over 175 different tokens with valuations exceeding $10,000 were stolen as part of a massive hack against the U.S.-based crypto exchange Poloniex on Friday, according to on-chain data. Since earlier today, estimates of the funds stolen in the hack have expanded to $125 million. What Hackers Took From Poloniex According to an X post from Nansen, some of the largest Ethereum-based outflows from Poloniex in the past 24 hours have included $11 million in Tether USD (USDT), and...

In a move aimed at preserving the autonomy of cryptocurrency users and safeguarding their ability to self-custody digital assets, U.S. Senator Ted Budd (R-NC) has introduced the Keep Your Coins Act. This legislative proposal, which came after last year’s FTX exchange collapse, seeks to protect individuals’ rights to conduct cryptocurrency transactions without relying on third-party intermediaries. Senator Ted Budd’s Keep Your Coins Act U.S. Senator Ted Budd announced on...

Technical Analysis By TradingRage Ethereum’s price is finally trading above $2,000 again. Investors are more optimistic than ever, hoping that a new bull market has begun and ETH’s price is destined for a new ATH in the coming months. Yet, it is wise to be cautious after significant price movements. The Daily Chart On the daily timeframe, the price surged significantly yesterday after getting supported by the 200-day moving average around the $1,800 mark. The market has...

This week has been all about prices, hence the title. It appears that there’s tremendous anticipation for the approval of a spot Bitcoin ETF, which seems to be one of the main explanations given by many experts of the ongoing rally. A lot happened price-wise, so let’s unpack. First things first, it’s important to note that the SEC is currently in a tight window to make a decision on whether or not they will approve a spot Bitcoin ETF. There’s the possibility of more delays,...

TL;DR Solana’s Growth: Solana’s Total Value Locked (TVL) surges to $465 million, a significant increase from $300 million in early October, indicating strong growth in its DeFi sector. SOL Price Surge: The SOL token price jumps over 114%, from $21 to over $45, showing substantial market appreciation but still remains 80% below its all-time high of $260. Community Resilience: Despite concerns over FTX token sales, Solana shows a robust 300% growth this year, underscoring the...

The cryptocurrency’s historical trends indicate that significant gains often occur a year and a half after the bottom, suggesting a rapid price surge in the coming years. A year after the crypto market saw the collapse of the now-defunct FTX Derivatives exchange and two years after Bitcoin (BTC) saw an all-time high of $69,044, the narrative of “Crypto is dead” has been unequivocally debunked. Crypto Market: Post-FTX Collapse The collapse of FTX was a turning point for the crypto market,...

With this integration of Smart Pools, users can now earn higher yields without the hassle of manually rebalancing their liquidity. Decentralized finance (DeFi) network Steer Protocol has teamed up with Sushi to integrate its innovative Smart Pools into the ecosystem. According to the announcement, the collaboration aims to revolutionize liquidity management and provide a seamless experience for Liquidity Providers (LPs) within Sushi’s Concentrated Liquidity Pools. Smart Pools Now Fully...

Telegram is committed to providing TON with the necessary tools and infrastructure to cater to its 80 million global customers. The Open Network (TON) has begun the official rollout of its self-custodial Wallet on Telegram, choosing Africa as the frontier for the new project. In an announcement on X, formerly Twitter, Andrew Rogozov, the founder and CEO of The Open Platform, the brains behind the development of the blockchain, said the Wallet will first be made available to selected...

Saylor sees Bitcoin’s potential to soar even higher, especially once regulators approve financial firms’ Bitcoin spot ETF products. MicroStrategy Inc (NASDAQ: MSTR), the software firm led by Executive Chairman Michael Saylor, has seen its shares surge by an astounding 246% in 2023. Saylor attributes this success to Bitcoin (BTC), which has not only fueled MicroStrategy’s growth but also positioned the company to compete with tech giants like Apple Inc (NASDAQ: AAPL), Microsoft Corp...

CME’s rise to the top suggests increasing institutional interest as the platform is a favorite among large traditional financial institutions. The Chicago Mercantile Exchange (CME) has surpassed Binance as the exchange with the largest Bitcoin futures open interest (OI) for only the second time in history. The first time was over two years ago. At the time, strong investor appetite after the launch of ProShares Bitcoin Strategy ETF increased Bitcoin (BTC) Futures trading on the exchange....