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Crypto Market Stunned: DTX Presale Raises Over $1.2M, Attracting Top Traders From THORChain, Aptos and Cosmos

The crypto market is always buzzing with excitement and unexpected events, but now all eyes are on the DTX Exchange (DTX) presale. It has raised more than $1.2M and projections indicate further growth to $2M before August 2024 ends. This achievement has captured the attention of leading traders from top tokens such as THORChain (RUNE), Aptos (APT) and Cosmos (ATOM), positioning DTX Exchange as a key player in the crypto industry. Certain analysts hint that this Stage 2 presale sensation may...

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Why Bitcoin’s Latest Crash Is A Historic Buying Opportunity: Bitwise

Bitwise CIO Matt Hougan said Monday that he views the weekend’s violent selloff in crypto/equities as a Bitcoin buying opportunity. In a Twitter thread Monday, the executive likened the market crash to March 12, 2020 – a day of “chaos” that pre-empted historic new highs for crypto over the following months. Bitcoin Buying Opportunity, Says Bitwise As noted by Hougan, the NIKKEI – Japan’s stock market index – experienced its worst day since 1987 on Monday, dropping 12% on the...

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DeFi Protocol Aave Generates Millions in Revenue Amid Crypto Market Downturn

Aave, a decentralized finance (DeFi) protocol, has demonstrated resilience in the face of a general crypto market downturn. The platform has generated $6 million in revenue amid the current market sell-off. Aave Withstands Market Turmoil Aave’s founder, Stani Kulechov, said in an August 5 post on X that the protocol successfully handled the overall stress across 14 active markets on various Layer 1 and Layer 2 blockchains, securing $21 billion in value. Stani noted that...

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DogWifHat, Floki Prices Slide But Analyst Backs Base Dawgz as an Alternative Meme Coin

The meme coin craze is showing signs of losing steam. DogWifHat (WIF) and Floki (FLOKI), two of the biggest meme coins, have seen their prices crash as the broader crypto market turns bearish. However, not all hope is lost – with one analyst pointing to Base Dawgz (DAWGZ) as a potential alternative to WIF and FLOKI. WIF & FLOKI Plummet – Is the Meme Coin Craze Ending? Once-hot meme coins are facing a reality check. DogWifHat and Floki have taken a steep dive, leaving...

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French Financial Regulator Is Now Accepting Applications from Crypto Asset Service Providers

The French financial regulator, the Autorité des Marchés Financiers (AMF), is now open to scrutinizing applications of companies that want to register as crypto asset service providers (CASPs). With the markets in crypto assets (MiCA) legislation set to take full effect by year-end throughout Europe, CASPs must register in any of the bloc’s countries to operate legally in the EU. France has become the first major EU economy to accept CASP applications. The AMF’s announcement read, “With six...

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Crypto Investors Nearing Extreme Fear as Bitcoin Fell to $50K

The weekend has been characterized by a rollercoaster of emotions for the crypto community, with fear gripping investors who are concerned about the latest market conditions. According to current data from Alternative.me, the Crypto Fear & Greed Index sat at 26/100, signaling fear among investors. If the market condition worsens, the indicator may inch closer to extreme fear, a sentiment that could further harm the market. Source: Alternative.me Investors Are Fearful of...

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Bitcoin Price Plummeted to Below $53,000, Ether Hits Lows It Has Not Seen Since December

In a shocking turn of events over the weekend, spurred by mass bitcoin selloffs on Sunday, its price took a tremendous nosedive. Bitcoin’s value dropped by over 12% on Monday morning, going from over $60,000 to less than $53,000 within 24 hours. Bitcoin has not observed such lows since February, when it rallied toward new highs. This downturn also caused ETH to take a massive hit, as its price dropped to around $2,200, falling by over 20%. ETH has not touched this price point since last...

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