In recent weeks, the native token of Ethena, ENA, has been experiencing significant selling pressure. This has caused the price of ENA to plummet to $0.73, marking its lowest price level since May 20th. The sudden drop in price has resulted in substantial losses for ENA stakers. According to data from Lookonchain, the largest ENA
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Terraform Labs, a defunct crypto firm, has finally reached a settlement in its legal battle with the Securities and Exchange Commission (SEC). The SEC alleged that Terraform and its co-founder, Do Kwon, engaged in fraudulent activities related to the defunct Terra blockchain. The settlement requires Terraform to pay a staggering $4.47 billion fine, comprising of
Gamee, a hypercasual gaming ecosystem under Animoca Brands, initially operated its games on the social app Telegram. However, the recent surge in activity within the network can be attributed to several factors. A pivotal moment took place when Polygon was hacked for $15 million in early 2024, prompting the transfer of Gamee’s GMEE token to
Prominent crypto analyst Dave the Wave has recently provided a bullish narrative for Bitcoin, even in the face of the flagship crypto’s recent setback. He suggested that Bitcoin could potentially rise to as high as $300,000 based on his logarithmic growth channel (LGC) indicator. In addition, his analysis pointed towards a rally to this unprecedented
Following a $4.5 billion settlement with the SEC, Terraform Labs CEO Chris Amani has announced that Terra will transition into a community project. Amani emphasized the importance of the community taking ownership of the chain as the company winds down its operations. He mentioned that specific teams and developers are interested in taking over the
Cryptocurrency analysts have recently shared their forecasts regarding the future trajectory of Bitcoin, particularly as the leading digital asset has been displaying a relatively stagnant price movement since the recent halving event. One notable prediction comes from CrediBULL Crypto, who took to X (formerly Twitter) to announce that Bitcoin is poised to reach an all-time
The cryptocurrency market has been experiencing a surge recently, particularly following the release of the latest US Consumer Price Index (CPI) data. The surge has been reflected in the prices of Bitcoin and Ethereum, both of which posted gains in the past 24 hours. Bitcoin saw a 3.4% increase, while Ethereum saw a 2.43% increase.
The copy trading industry is evolving rapidly, with brokers now seeking sophisticated solutions to cater to their traders’ needs. In response to this demand, B2Broker has introduced a new generation of B2Copy, its proprietary investment platform. This platform combines copy trading, PAMM, and MAM functionalities, allowing businesses to streamline their investment operations effectively. One of
Bitcoin has been a revolutionary force in the world of finance and technology, and its impact is being celebrated in the world of art as well. One such example is the BitRam NFT, a piece of artwork created by VESA that symbolizes Bitcoin’s resilience and strength in the face of societal challenges. Unlike traditional art
Ethereum’s price struggled to recover above the $3,650 resistance level, signaling bearish signs for the cryptocurrency. Despite an initial attempt to rally, ETH failed to gain momentum and settled below the key resistance level. Following the failed recovery, Ethereum experienced a fresh decline below the $3,550 support zone. The price is now trading below $3,550
