The cryptocurrency market has been witnessing a concerning trend in recent times – tokens with high valuations and low initial circulating supply. This trend has raised doubts about the sustainability of the upside potential for traders following token generation events (TGE). Binance Research has released its latest findings confirming this trend, revealing that an increasing
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The recent arrest of a Taiwanese national, Rui-Siang Lin, has shed light on the dark underbelly of the darknet drug trade. Operating under the pseudonym “Pharoah,” Lin was the mastermind behind the notorious Incognito Market, a platform that facilitated the sale of illegal narcotics such as fentanyl. The platform, which saw transactions amounting to over
In a recent announcement, OKX revealed that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. This decision was made in compliance with regulatory requirements, specifically related to its virtual asset service provider (VASP) license application. The exchange did not provide specific reasons for this move,
The recent approval of Ethereum exchange-traded funds by the United States Securities and Exchange Commission has sparked excitement in the cryptocurrency market. While the focus has been on Ethereum ETFs, the Bitcoin spot ETF market has also seen a resurgence in investment activity. With positive inflows for the second consecutive week, investor confidence in these
The recent report released by the team behind the Mollars token presale and project has shed light on the growing interest in the “MOLLARS” brand among crypto traders. The data reveals that the Mollars ICO is attracting attention from a diverse group of cryptocurrency holders. The top investors in Mollars presale include holders of Ethereum,
In recent days, Ethereum has been hovering within a consolidation zone, fluctuating between $3,949 and $3,627. This period of consolidation follows a recent rally that saw the price of the cryptocurrency surge by over 10%. When an asset is consolidating, it typically signifies a buildup of momentum before a potential breakout either above or below
After the Bitcoin halving in April, the cryptocurrency world was abuzz with anticipation of a major price breakout. Despite reaching highs of $71,443, the token soon experienced a retracement to $66,936. Renowned analyst Rekt Capital shared insights on this price movement, labeling it as the “post-halving danger zone.” Rekt Capital pointed out that Bitcoin’s rejection
The internet was recently hit with sad news as Kabosu, the Shiba Inu who rose to fame as the original “Doge” meme, passed away at the age of 18. Her owner, Atsuko Sato, a Japanese kindergarten teacher, confirmed the news on social media, sharing the heartbreaking update with Kabosu’s adoring fans. Known for her iconic
The recent sale of $2.6 billion worth of discounted Solana tokens by the bankrupt crypto exchange FTX has raised eyebrows within the cryptocurrency community. Figure Markets and Pantera Capital were among the buyers who acquired the final troves of SOL tokens from FTX through auctions. According to undisclosed sources, Figure purchased 800,000 coins for approximately
The Bitcoin price has recently dropped back down to $67,000 after briefly reaching above $71,000. This fluctuation has prompted crypto analysts to closely examine the technical indicators to determine the next direction for the price. One analyst has pointed out that Bitcoin has entered a critical zone, with specific levels that could provide insights into
