Terraform Labs Initiates Bankruptcy Procedures in United States
Terraform Labs, the company behind LUNA and stablecoin UST, has filed for bankruptcy in the United States District of Delaware after seeming to recover from the collapse of the Terra…
Can Crypto Markets Bounce Back on This Week’s GDP Report?
Monday sees the start of another busy economic week with a number of key events on the calendar in the United States, such as sales quarterly GDP figures. Moreover, crypto…
Wall Street and Crypto: SEC Chair Gary Gensler’s Days May Be Numbered
The recent security breach that hacked the X account of the US Securities and Exchange Commission (SEC) to post a false approval of a Bitcoin spot exchange-traded fund (ETF) has…
Here Are 3 Important Developments Coming to DeFi
Decentralized Finance (DeFi) is on the cusp of a transformative era, marked by groundbreaking developments that promise to redefine this ecosystem. Here are some of the most important developments coming…
This Crypto Whale Bought Over $8 Million in Chainlink (LINK)
A crypto whale has seized the opportunity presented by a recent price drop in Chainlink (LINK), making a staggering investment that signals potential confidence in the cryptocurrency’s future. This strategic…
Are High Staking Inflation Rates a Death Sentence for These Altcoins?
The cryptocurrency market, renowned for its volatility, faces a new challenge: high staking inflation rates. This phenomenon is particularly evident in many Proof-of-Stake (PoS) altcoins, raising concerns about these digital…
Binance Launchpool’s Manta Network Faces Money Laundering Accusations After Bithumb Debut
Binance Launchpool’s Manta Network is facing serious allegations of money laundering following its debut on the Bithumb exchange platform. The accusations, primarily sourced from a Twitter user, point towards suspicious…
Demand Shock Incoming: Tether Bought 8,888 BTCand Spot Bitcoin ETFs Acquired 650,000 BTC
Stablecoin issuer Tether and several US spot Bitcoin ETFs (exchange-traded funds) have made significant Bitcoin (BTC) acquisitions. Indeed, the developments signal a potential demand shock. Tether recently added 8,888 BTC…
Grayscale Bitcoin Trust ETF (GBTC) Losing Appeal Due to Rising Fees?
Grayscale Bitcoin Reserves have declined by around 12,000 Bitcoins (BTC), worth approximately $511.2 million based on current market prices. Are investors exiting Grayscale Bitcoin Trust (GBTC) due to high fees?…
Polygon (MATIC) Price Faces Crossroads – 2 Key Scenarios for the Future Trend
The Polygon (MATIC) price failed to break out from a descending resistance trend line in place for 750 days. Based on the wave count, there are two potential scenarios for…