Markets

The crypto market may have failed to post a bullish breakthrough in September, but that did not stop malicious entities from stealing funds. According to the latest stats by CertIK, approximately $332 million in various digital assets has been lost to exploits, hacks, and scams in September September Sees Record-Breaking Losses Funds pilfered by exit scams were recorded to be around $1.9 million, while flash loans accounted for almost $0.4 million. Crypto-related exploits, on...

JPMorgan Chase & Co. recently raised its Sphere Entertainment stock price target from $25 to $28 following the release of the entertainment company’s Q4 figures. Sphere Entertainment Co (NYSE: SPHR) stock rose by more than 7% after the company opened its Sphere venue in Las Vegas with a show by U2 on Friday night. The 360-foot-tall venue is located at the Venetian Resort and will host live concerts and sporting events. Everything you need to know about the all new MSG Sphere in Las...

October is gaining significance as several noteworthy projects, including Axie Infinity, Optimism, and Aptos, are gearing up for significant token releases. The trio is set to release more than $130 million into the market collectively, with Axie Infinity having the largest increase in the circulating supply of its AXS token at 11.5%. Axie Infinity’s AXS Token Unlock Leading in token unlocks this month is Axie Infinity, a blockchain-based NFT game. According to TokenUnlocks...

Dogecoin (DOGE) and Shiba Inu (SHIB) are back making moves, with both coins seeing significant price pumps over the past few days. Amid this backdrop, ChatGPT has weighed in with its price analysis for DOGE and SHIB, along with a prediction for where their values could go before the end of the year. ChatGPT has also highlighted a brand-new coin, Meme Kombat (MK), that it believes could be primed to explode in the months ahead. ChatGPT Predicts Continues Upside for Dogecoin as...

The launch of EFUT marks the company’s second foray into the futures ETF market. US-based investment manager VanEck has officially announced the launch of the long-awaited Ethereum (Ether) futures exchange-traded fund (ETF), exposing traditional investors to the world of cryptocurrencies. According to a press release on Monday, the fund named VanEck Ethereum Strategy ETF (CBOE: EFUT) is structured as a C-Corporation. The investment vehicle is designed to be the sole ETF focused on ETH...

The cryptocurrency market recently experienced a sudden surge in different assets, including Ethereum, which saw a significant spike. However, as the price approaches a significant resistance level, there is a possibility of it being rejected. By Shayan Upon analyzing the daily chart, it is evident that Ethereum experienced an extended consolidation phase near the $1.6K support level. Eventually, with increased buying interest, the price surged towards the 100 and 200-day...

Ross Ulbricht’s case has garnered significant public attention, and numerous individuals have advocated for clemency for the website’s founder. Ross Ulbricht, the founder of the now-defunct online black market Silk Road, has reached the somber milestone of a decade behind bars. In 2013, US authorities sentenced him to a double life sentence. On October 2, Ulbricht shared on social media his concerns about potentially spending the rest of his life “behind concrete walls and locked doors”....

In addition to the 15% price surge, Solana’s total value locked (TVL) reached an impressive milestone on October 2, standing at $338.82 million. In a surprising turn of events, Solana (SOL), one of the most popular cryptocurrencies in the market, has experienced a remarkable resurgence, witnessing a 15% surge in its price over the last 48 hours. Currently, SOL is trading at $24.19, representing a substantial 65% increase from its lowest price in 2023. This impressive price rally has...

While the recent price surge brought joy to long-term investors and HODLers, short sellers are notably facing a different fate. On October 1, the crypto market witnessed spectacular price increases, with Bitcoin (BTC) exceeding $28,000 and Ethereum (ETH) surging past $1,700, prompting more than $70 million in short positions to be liquidated in a matter of minutes. The Surprising Bitcoin Price Pump According to data from TradingView, the crypto market’s upheaval began when Bitcoin...

Stellar lumen price is attempting a fresh increase from the $0.1108 zone against the US Dollar. XLM price is now trading above $0.1125 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.1150 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1150 resistance zone. Stellar lumen price is trading above $0.1125 against the US Dollar,...