Markets

Crypto liquidity layer and lending protocol Rho Markets was exploited for $7.6 million. Bad actors took advantage of an Oracle contract deployed on the Scroll chain, allowing them to drain the amount in USDT and USDC stablecoins. Blockchain security firm relayed the oracle attack through an X post, “@RhoMarketsHQ has announced that they have detected unusual activity on their platform on #Scroll chain and paused the platform! Root cause of this incident seems to be an oracle access control...

TL;DR Dog-themed meme coins, like Dogecoin (DOGE) and Shiba Inu (SHIB), have seen significant growth in 2024, possibly driven by strong communities and market presence. Other notable performers include Floki Inu (FLOKI) and dogwifhat (WIF), which have gained traction due to active communities and major cryptocurrency exchange listings. DOGE or SHIB? Dog-themed meme coins have been a real sensation in the first half of 2024, with many experiencing considerable price increases...

The cryptocurrency market staged a massive recovery yesterday after starting the day very slow and even declining considerably. However, the buyers stepped in and pushed Bitcoin above $67K, while many altcoins are charting impressive returns. Bitcoin Pokes Above $67K Bitcoin’s price is up around 5% on the day, staging an impressive recovery after having declined to $63K earlier in yesterday’s morning trading session. It was able to chart a local daily high at $67,400 on...

Trading volume on centralized exchanges declined 21.8% in June, marking the third consecutive month of diminishing activity since March. According to a report by CCData released on July 17, the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded in March. Open Interest and CME Declines The report highlighted several key factors contributing to this decline. One major factor was a notable...

TL;DR Ripple’s XRP has surged above $0.60, with a market cap of over $34 billion, making it the sixth-largest cryptocurrency. Future growth depends on several elements, one of which is the eventual outcome of the lawsuit against the US SEC. The Necessary Conditions Ripple’s XRP has been among the top-performing cryptocurrencies lately, with its price jumping above the $0.60 mark for the first time in more than three months. Its market capitalization exceeded $34 billion,...

Despite the lower spot price overnight, data suggests considerable institutional interest in December 2024 $100,000 calls. This indicates an even stronger confidence in a year-end rally for the world’s largest crypto, particularly as the likelihood of former US President Donald Trump’s victory rises. Sizeable Institutional Interest In its latest update, crypto trading firm, QCP Capital said that Bitcoin price action has been resilient despite ongoing challenges such as the...

Bitcoin’s price surged back above $66,000 on Friday, reclaiming its highest market value since early June. The digital asset ripped from $64,102 at 13:27 UTC on Thursday up to $66,472 at 17:00 UTC. It trades for $66,332 at writing time. This is the highest price Bitcoin has achieved since early June, shortly after the Securities and Exchange Commission (SEC) approved Ethereum (ETH) spot ETFs for listing on national securities exchanges. Experts say the first set of Ethereum...

Pawfury (PAW) emerges as a standout option in the crypto sphere, offering low-entry presale prices, high-yield staking rewards, and a special promotional bonus. With a robust ecosystem and growing investor interest, Pawfury presents a promising opportunity for investors in the digital asset space. Pawfury (PAW) is rapidly emerging as a standout option in the competitive and dynamic world of cryptocurrencies, representing a potentially lucrative opportunity for both seasoned investors and...

It’s been a good week for the cryptocurrency market. Its total capitalization increased by more than $250 billion, currently sitting above $2.5 trillion, thanks to considerable gains across the board. But what seems to have triggered this recovery is an event that many describe as one of America’s darkest days. Indeed, it was the assassination attempt of US Presidential candidate Donald Trump that fueled the market’s recovery. The reason is pretty simple. Many seem to believe...

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