Bitcoin (BTC) price consolidates, Official Trump (TRUMP) sell-off as President Trump takes office
Bitcoin saw an 8%+ drop as President Trump took office, but hope for a strategic Bitcoin reserve announcement and new offerings from Trump’s World Liberty DeFi project could reverse the tide for BTC and the Official Trump memecoin.
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Nonfungible tokens soar even as Bitcoin price drops close to $32,000
Today the wider cryptocurrency market finds itself looking for something to spark some momentum as Bitcoin (BTC) price dropped to $32,300 and altcoins sustained 2% to 5% losses.Data from Cointelegraph Markets Pro and TradingView shows that the top three performers over the past 24 hours are Audius (AUDIO), Axie Infinity (AXS) and Small Love Potion…
DeFi’s popularity has pushed DEX volume past $11B
Can anything slow DeFi’s growth at this point? Trading volume on decentralized exchanges, or DEXs, surpassed $11 billion in August, as DeFi madness continues making headlines.Numbers from analysis firm, Dune Analytics, revealed that August trading volume represented an uptick of 152% month-over-month.The main driver behind the skyrocketing DEX volume is Uniswap, which has become a…
Cyber vigilante hunts down DeFi scammers running away with $25M rug pull
In the world of digital finance, where the weapon of choice for a heist is a computer rather than a semi-automatic firearm, tracking down scams and frauds from across the world becomes a near-impossible feat for centralized police forces. However, in an interview with Cointelegraph, an anonymous cyber vigilante shares insights into how he went about…
Japan: E-commerce Giant DMM Shutters Crypto Mining Business Due to Declining Profitability
Japanese e-commerce conglomerate DMM.com Ltd. will shut down its crypto mining business, citing deteriorating profitability as the main cause. Local business magazine Toyo Keizai reported the shutdown on Dec. 30.The decision was reportedly taken in September 2018, and initial steps to dismantle mining operations — including selling the company’s mining hardware — will reportedly extend…
Bitcoin leverage ramps up as BTC’s margin long-to-shorts ratio hits a record $2.5B high
Crypto traders' urge to create leverage positions with Bitcoin (BTC) appears irresistible to many people, but it's impossible to know if these traders are extreme risk-takers or savvy market makers hedging their positions. The need to maintain hedges holds even if traders rely on leverage merely to reduce their counterparty exposure by maintaining a collateral…
Alex Mashinsky’s jury trial scheduled for September 2024
According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings. 59 Total views 1 Total shares A New York court has set the criminal trial for former Celsius Network CEO Alex Mashinsky to begin on Sept. 17, 2024.In an Oct. 3 hearing in United States
Former President Trump leads Harris by 10 points — Polymarket
According to Polymarket users, Vice President Kamala Harris is currently favored to win the popular vote by a staggering 72% margin.
Fundstrat’s Tom Lee Reminds Us of Bitcoin’s ‘Ten Best Days’ Rule
Fundstrat co-founder Thomas Lee tweeted a timely reminder against panic-selling on Sept. 28, reminding that the majority of Bitcoin (BTC) gains come in the ten best trading days of the year. In fact, excluding these ten best days, BTC is down 25% per year.Fundstrat’s ‘rule of 10 best days’In any given year, the vast majority…