Ethena, a stablecoin with a market cap of over $2.3 billion, has gained attention for its unique features, particularly its ability to generate yield for holders. However, according to CryptoQuant, this mechanism also introduces specific risks for holders. The report highlights the potential dangers that arise for Ethena when cryptocurrency markets experience sharp price corrections
A recent forecast for Bitcoin by cryptocurrency expert and trader Ali Martinez has generated significant buzz in the crypto community, suggesting a potential price surge to $86,000 in the near future. Martinez’s analysis revolves around key support and resistance levels that could dictate the future trajectory of Bitcoin. The digital asset seems to be consolidating
Bybit, a cryptocurrency exchange and trading platform, recently released a report discussing the effects of the upcoming Bitcoin halving event on the supply dynamics of Bitcoin within exchanges. The report provides valuable insights on how the halving event could increase scarcity and influence the price of BTC in the crypto space. The report by Bybit
The crypto market has been experiencing a downturn, but that hasn’t stopped Solana meme coin markets from remaining explosive. One of the latest tokens to explode is Elawn Moosk, a token themed after Elon Musk. Retail investors have been drawn to the meme-laden potential of CEO-themed tokens, leading to an increase in interest in Elawn
Railgun has publicly refuted any association with the sanctioned North Korea’s Lazarus Group using its platform for illegal activities. In a recent social media post addressing the accusations, Railgun emphasized that their system is highly secure and prevents any sanctioned or malicious users from utilizing their services, dismissing the allegations as baseless. Despite claims made
Ethereum’s price is currently facing numerous obstacles, particularly near the $3,200 mark. Despite multiple attempts, ETH has been unable to break through this crucial resistance level. The inability to surpass this price point is a cause for concern, as it could potentially trigger a significant downturn in the value of the cryptocurrency. Looking at the
Crypto analyst Crypto Egrag recently shared an update on his analysis, accurately predicting XRP’s significant price decline. Now, he has made a new prediction for the crypto token’s next move, suggesting a potential increase of up to 3000%. This bold assertion has garnered attention in the crypto community, sparking discussions and debates about the future
Binance.US recently made headlines by announcing the appointment of Martin C. Grant to its Board in an effort to bolster compliance measures and rebuild trust among its users. This move comes after the crypto trading platform faced intense regulatory scrutiny, particularly due to its association with global exchange Binance and its recent settlement with US
The recent surge in the Solana meme coin market saw Peshi Cat (PESHI) experiencing a meteoric rise of 120x in value. However, a deeper analysis of PESHI’s price movements reveals a trend driven purely by speculative hype rather than any utility behind the coin. The current market price of Peshi Cat stands at $0.00000066, with
A recent analysis conducted by crypto exchange Bybit has brought to light a concerning trend in the world of Bitcoin. The report predicts that if current withdrawal rates persist, there could be a shortage of Bitcoin on exchanges by the end of 2024. With around 7000 BTC being withdrawn from exchanges every day, reserves could