Ethereum’s native token, Ether (ETH), is experiencing a significant drop in price against Bitcoin (BTC), reaching its lowest point in 15 months. This dip coincides with Ethereum’s transition to proof-of-stake (PoS) consensus mechanism, raising concerns about its future strength. With this context, it begs the question: Will Ethereum continue to weaken against Bitcoin throughout the
Conor Grogan, a director at Coinbase, recently brought attention to the minting of USDT tokens by Alameda Research, a crypto investment firm. On-chain data reveals that Alameda Research has minted a staggering 39.55 billion USDT tokens, accounting for 47% of the current circulating supply of Tether. This revelation challenges previous estimates and raises questions about
On Thursday, ByBit exchange introduced Wall Street Memes ($WSM) perpetual futures trading, and the price of the coin skyrocketed. The newest meme coin saw a surge of 19% on the ByBit $WSM/USDT perps market, reaching $0.0394, after traders flooded in and drove up the price. Compared to popular meme coins like Dogecoin and Shiba Inu,
In a shocking revelation, a former CEO of an investment firm has confessed to engaging in a deceitful practice known as “cherry-picking.” The scheme involved manipulating crypto futures contracts and foreign exchange contracts, resulting in significant losses for innocent investors. This article delves into the details of the scandal and explores the consequences for the
In a thrilling twist during the trial against FTX co-founder Sam Bankman-Fried, CEO of defunct crypto lender BlockFi, Zac Prince, took the stand in a Manhattan federal courtroom. Prince’s testimony provided invaluable insights into the complex web of relationships between BlockFi, FTX, and Alameda Research. The revelations made during his appearance shed light on the
In a significant turn of events, the U.S. Securities and Exchange Commission (SEC) has made the decision not to appeal a recent court ruling that deemed it unjust to reject Grayscale Investments’ application to establish a spot bitcoin exchange-traded fund (ETF). The District of Columbia Court of Appeals in Washington had previously determined that the
A trader on Aave, a decentralized liquidity protocol, has recently made headlines by selling wrapped Bitcoin (WBTC) to repay their outstanding debt. This move has raised concerns within the decentralized finance (DeFi) community, as it indicates the potential risks associated with borrowing and leveraging assets in this space. In this article, we will examine the
Ethereum (ETH) has been experiencing a decline in price and investor interest, raising concerns about its future prospects. In this article, we will delve into the factors contributing to this downward trend and explore the potential implications for the Ethereum ecosystem. Between October 6 and October 12, the price of Ether witnessed a significant 7%
In the multichain NFT platform space, Magic Eden has emerged as a significant player, continuously introducing innovative features. One of their latest additions is the LayerZero Bridge & Swap, a tool that enables the swapping of tokens across different blockchains. LayerZero is a cross-chain communication protocol designed to facilitate direct and trustless interactions between multiple
The cryptocurrency market has been buzzing with news of the recent discreet participation of crypto whales in the presale of Launchpad XYZ. This startup, which focuses on AI trading in the cryptocurrency sphere, has already amassed over $1.88 million in its ongoing presale. This significant whale activity raises questions about what these large-scale investors may