The recent impressive momentum of Ethereum (ETH) has reawakened the long-standing debate of Ethereum flipping Bitcoin (BTC). Is this ever going to happen? Well, several experts believe it’s a long shot, but ETH is poised to outperform Bitcoin (BTC) in the short term, as on-chain metrics show. In other news, a new Ethereum-based platform for trading tokenized ETFs, ETFSwap (ETFS), has taken the market by storm. Its ongoing presale has drawn massive interest from retail and institutional...
Read More »MakerDAO Governance Delegate Loses $11 Million in Phishing Scam
The increasing phishing attacks in the crypto ecosystem have found their next victim. This time, a governance participant in the MakerDAO ecosystem lost $11 million in Aave Ethereum Maker (aETHMKR) and USDe tokens to an attacker who mercilessly siphoned the funds away from their wallet. They signed multiple transactions on a spoofed application, which was all that was needed for the hacker to make away with the $11 million. About 3,657 aETHMKR tokens got transferred in the process through a...
Read More »BTC Drops By Over 4%, Taking Its Value Below $62,000
In a constant downward trajectory over the past week, BTC dropped by another 3% on Monday, taking its value below $62,000 and wiping out any gains it recorded last week. The crypto market lost about 7% in value. ETH, ADA, and BNB recorded about the same losses as BTC at over 4%. SOL dropped by 7%, and memecoins collectively fell by 5%. Analysts point to continuous miner selling activity as they continue liquidating their rewards after the Bitcoin halving. Whales and miners have sold over...
Read More »Bitcoin Bears the Brunt of Growing Pessimism With $630M Outflows
Digital asset investment products experienced a second consecutive week of outflows shedding $1.2 billion which amounted to $584 million. According to CoinShares, this could potentially be a result of the pessimism amongst investors regarding potential Fed interest rate cuts this year. Altcoins See Inflows Amid Market Weakness Bitcoin bore the brunt and remained the primary focus with $630 million in outflows, although short positions did not increase significantly, as per...
Read More »Ethereum Network Activity Rises Amid Crypto Bearish Outlook Fueled by BTC’s Dip Below $63k
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Read More »ONI DEX: The First DEX on GALA Chain Launches with Innovative Features
ONI DEX is poised to become the largest and most innovative decentralized exchange (DEX) in 2024, bringing together a suite of groundbreaking features that set it apart in the DeFi landscape. With its multi-chain capabilities, pioneering support for the GALA Chain, dynamic launchpads, the ONI Token sale, and the innovative Spheres passive income model, ONI DEX is set to revolutionize how users interact with digital assets and blockchain technology. Additionally, the platform’s social...
Read More »Decoupling: Stock Markets Tapping New Highs Last Week but BTC and ETH Suffer
The cryptocurrency industry is often described as a risk-on asset class that tends to underperform in times of economic uncertainty. Although the stock market also falls in this category, at least to an extent, it has been on a wild run in the past few weeks, with multiple new all-time highs from the most prominent indexes. At the same time, crypto has suffered and the largest digital asset have plummeted since March. US Stock Market on a Roll Perhaps driven by the hype...
Read More »ETH ETF Providers Have Submitted Their S-1 Applications
Institutions that applied for issuing ETH ETFs in the US submitted their S-1 applications to the Securities and Exchange Commission (SEC) on June 21. Many assume ETH ETFs are days away from launch and can come as soon as the first week of July before the US Independence Day celebrations. Late last month, it approved the first round of applications, the 19b-4 filings submitted by the financial institutions. It then asked them to clarify its questions before submitting the S-1 applications....
Read More »Pepe, Dogwifhat and AlexTheDoge Memecoins Surge 12% Despite Market Falling 10% Overnight
The cryptocurrency market experienced a 10% decline overnight, while meme coins like Pepe Coin (PEPE), Dogwifhat (WIF), and Alex The Doge (ALEX) surged by 12%. This unexpected trend has sparked interest from investors and analysts. The article explores the market downturn, the resilience of meme coins, and provides a detailed analysis of Pepe Coin (PEPE), Dogwifhat (WIF), and Alex The Doge (ALEX), along with expert opinions on future trends. The Market Downturn: A Brief Overview The...
Read More »Investors Find Shelter In New AI Platform Presale As Bearish Trends Wipe Billions From Ethereum (ETH) And Solana (SOL)
The crypto market is experiencing a downturn as Bitcoin extends its losses, with Ethereum (ETH) and Solana (SOL) facing a price decline due to the pressure. Meanwhile, Algotech (ALGT) has garnered attention for successfully raising over $9 million in its presale. With the presale almost ending, ALGT offers an enticing opportunity for investors seeking higher profits. Can ALGT outperform ETH and SOL in achieving this feat? Let’s find out! Algotech Presale: ALGT Nears its Launch Price With...
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