Markets

FTX victims expressed unhappiness with the defunct exchange’s bankruptcy proceedings, claiming the estate overseeing the proceedings is no different than “the enterprise run by SBF (Sam Bankman-Fried). Their concern arises from the compensation FTX’s bankruptcy estate owes, which it may not try to meet adequately according to what the investors feel they rightfully deserve. In a court filing, they stated that digital assets have grown tremendously since FTX went bust in the 2022 bear market,...

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Retik Finance (RETIK) has experienced a massive 96% decline since its listing on MEXC, leaving investors concerned and searching for other options. ETFSwap (ETFS) is among the new trending alternatives, which many crypto experts suggest could be a better choice in the current crypto market environment. ETFSwap (ETFS) Beats Out Retik Finance Following 96% Plunge ETFSwap (ETFS) is a revolutionary DeFi platform that aims to bridge the gap between cryptocurrency ETFs (Exchange-Traded...

TL;DR Bitcoin’s price has dropped over 8% in the past two weeks to around $65,200, but analysts expect a rebound to $72,000-$74,000 and potentially above $100,000 by late 2024. High BTC open interest and negative exchange netflow suggest increased volatility and a potential bull run. BTC’s Next Possible Move The leading cryptocurrency in terms of market capitalization has underperformed as of late, with its price dipping by over 8% in the past two weeks. Currently, it trades...

As the cryptocurrency market continues to evolve, savvy investors are always on the lookout for the next big opportunity that promises substantial returns. In 2024, two presales stand out for their potential to deliver massive gains: Alex The Doge (ALEX) and Pepe (PEPE). These two tokens are generating significant buzz, each with unique value propositions that set them apart in the crowded crypto space. Here’s why Alex The Doge (ALEX) and Pepe (PEPE) are the best crypto presales for those...

Referral marketing has emerged as a highly effective strategy in the dynamic world of cryptocurrency. It harnesses the power of network effects and personal recommendations to foster business growth and user engagement. This article explores how referral marketing strategies have been particularly beneficial in the cryptocurrency industry and examines the impact of these strategies on business growth, with a special focus on the now past contributions of WEWE Global. Cryptocurrency markets...

Memecoin bulls braced for impact as the largest asset of this kind by market cap, Dogecoin, dropped by over 10%. $60 million in DOGE futures got wiped out as a result. Huobi accounted for more than $44 million of those liquidations. Data revealed they were associated with longs – positions harnessed by users to speculate DOGE’s price rise. In contrast, only $600,000 worth of DOGE shorts, which users open to bet against the memecoin dropping in value, got liquidated in the past 24 hours. This...

Coinbase Ethereum layer-2 network Base has clinched a new record in terms of the number of daily active users on decentralized exchanges (DEX), reaching 270,000 on June 17th. Compared to the previous day, the figure jumped by approximately 9%. Uniswap Dominates Base With 85% User Share According to data compiled by Dune Analytics, with the latest all-time high of active users, Base-powered decentralized exchanges have now surpassed BNB Chain. The Layer 2 network is now behind...

Crypto asset management firm Hashdex is applying to launch an ETF backed by both spot Bitcoin and spot Ethereum holdings – the two largest cryptocurrencies by market cap. The Hashdex Crypto Index US ETF Analysts discovered the product in a form 19b-4 from the Nasdaq stock exchange on Tuesday, requesting permission from the Securities and Exchange Commission (SEC) to list shares of the Hashdex Nasdaq Crypto Index US ETF. “The assets of the Trust will consist of bitcoin and...

Eric Balchunas has made a big announcement in the crypto space—he is changing the expected date of a spot Ethereum (ETH) ETF approval to July 2. This news excites traders because now more people will pay more attention to Ethereum coins. Some of those coins that are likely to skyrocket include DTX Exchange (DTX) and Chainlink (LINK). Let’s see why. Eric Balchunas: The Spot Ethereum ETF Launch May Come Soon Ethereum (ETH) has recently made headlines in the crypto market. According to...