Recent reports have unveiled unsettling trends within the manufacturing and services sectors, as production activity has dwindled for three consecutive months. This contraction is more than just a statistical anomaly; it reflects deeper economic challenges that could have long-term ramifications for the U.S. economy. Experts argue that inability to sustain growth in these foundational industries
Crypto
Sui has recently made headlines, not just for its groundbreaking decentralized exchange (DEX) activities but for the underlying complexities that paint a less rosy picture. Achieving a staggering average daily DEX trading volume of $304.3 million in the first quarter represents a remarkable 14.6% increase from the previous quarter. However, the crux of this achievement
Ethereum, the second largest cryptocurrency by market capitalization, has found itself caught in an astonishingly stagnant phase. After a promising run in April, the asset has undergone a drastic collapse in momentum, settling into a sideward trajectory with a minuscule 1% loss this past week alone. This period of stagnation, which commenced in May, raises
In what can only be described as a significant motion within the cryptocurrency market, June bore witness to an impressive withdrawal of approximately 22,500 BTC from centralized exchanges in just one day. This relocation of assets suggests a palpable shift among large holders, who are increasingly opting for the security of private wallets instead of
In the volatile world of cryptocurrency, Bitcoin (BTC) remains a pivotal player. Currently, it’s hovering nearly 7% below its all-time high (ATH). However, for those examining the on-chain metrics, this moment could symbolize a strategic entry point into the Bitcoin market. The resurgence of interest surrounding the Hash Ribbons indicator, utilized by analysts like Darkfost
In the world of cryptocurrencies, where trust is as volatile as the coins themselves, news of a Trump-branded crypto wallet has raised eyebrows and ignited speculation. Recently, Donald Trump Jr. vehemently asserted that neither he nor his family is connected to the newly announced “Trump Wallet.” This wallet, purportedly developed through World Liberty Financial in
The Ethereum Foundation recently made waves by laying off several members of its research and development team, a move that many within the community have interpreted as both bold and alarming. These layoffs are not merely an isolated incident but represent a crucial step in a broader restructuring plan aimed at tackling significant protocol design
In a bold maneuver that raises more questions than answers, Binance founder Changpeng Zhao (CZ) has proposed the creation of a decentralized exchange (DEX) where user orders are hidden from sight. His suggestion, presented in a recent social media post, aims to address the pressing issue of Maximal Extractable Value (MEV), a practice notorious for
Bitcoin, a digital currency that once seemed immune to traditional market ailments, is currently facing turbulent waters—culminating in a noteworthy rejection at the $111,000 mark. This price point, which looked promising during its brief breakout past the previous all-time high of $109,000, has turned into a formidable barrier. For cryptocurrency enthusiasts and investors, this isn’t
Ethereum has recently showcased a hefty rise of over 44% this month; however, it remains trapped beneath the ominous $2,750 resistance level. This seemingly festive uptick stands in stark contrast to the persistent struggles the altcoin faces, highlighting a reality that poses a growing concern for investors. While many expect Ethereum to rise alongside its
