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After struggling to reach key resistance at $0.522, ADA has managed to break an important support level.
This shift indicates a potential continuation of the bearish trend, with significant implications for future price action.
Cardano Breaches Critical Technical Support
The recent price action has seen ADA break below the critical support level at $0.458 and test the important support...
ZKSync has announced the distribution of 17.5% of its ZK token supply through an airdrop. This marks a pivotal step in engaging its community in the protocol’s future development.
ZKSync, an Ethereum layer-2 scaling solution, enhances scalability and reduces transaction costs using zero-knowledge (ZK) proofs.
Users Complain Not Being Eligible For ZK Airdrop
The ZK token facilitates...
Bitcoin mining firm Bitfarms has implemented a shareholder rights plan to protect its shareholders’ interests amidst an unsolicited takeover bid from another Bitcoin miner—Riot Platforms.
This move follows Riot Platforms’ increased stake in Bitfarms and their offer to acquire all outstanding shares.
Bitfarms’ Strategic Defense Amid Hostile Takeover Attempts
Bitfarms’ strategy, known as a...
Twelve new crypto wallets collectively withdrew 156,733 Ethereum (ETH), worth approximately $574 million, from Coinbase. This transaction occurred at an average price of $3,664 per ETH.
However, despite this accumulation, the price of Ethereum has been struggling.
Will Ethereum Price Drop 7%?
According to data from the on-chain analysis platform Spot On Chain, 11 of these 12 crypto...
On early Tuesday, Bitcoin’s value dropped sharply to $67,900. This marked a decline of over 3.3% from its Monday peak of approximately $71,200.
This downturn coincided with significant changes in the flow of funds within Bitcoin exchange-traded funds (ETFs), which switched to negative flows after 19 consecutive days of positive inflows.
Bitcoin’s Price Drops Causes Over $100 Million in...
The US Securities and Exchange Commission (SEC) has added a spot Ethereum exchange-traded fund (ETF) application from asset manager ProShares.
This development came after ProShares filed a proposal to list and trade spot Ethereum ETF shares on the New York Stock Exchange (NYSE) on June 6.
SEC Recognizes ProShares’ Spot Ethereum ETF Filing
In a June 10 filing, the SEC noted that NYSE Arca...
DeFi Technologies Inc., a leading Canadian financial technology (fintech) company, has embraced Bitcoin (BTC) as its primary treasury reserve asset. This strategic move involves an initial purchase of 110 BTC, which signifies the company’s integration of traditional capital markets with decentralized finance (DeFi).
The decision aligns with the broader trend of companies seeking portfolio...
Apple’s latest iOS 18 introduces Tap to Cash, a seamless way to transfer money using Apple Pay. This feature lets users send money instantly by simply bringing their phones close together.
However, as Tap to Cash gains traction, it could potentially overshadow the utility of cryptocurrencies for payments.
Does Apple Tap to Cash Endanger Crypto Payments?
Crypto has been steadily gaining...
Solana Foundation has removed several validator operators from its network delegation group, citing their involvement in sandwich attacks against users.
Reportedly, the bad actors added mods to their validators to enable sandwiching on Solana.
Validators Stricken Off Delegation Program For Attacking Retail Users
The Solana network struck off several validators from the ecosystem’s...
As the 2024 US presidential election approaches, the prospects for altcoin exchange-traded funds (ETFs), particularly Solana, could hinge significantly on the political outcome.
The Securities and Exchange Commission (SEC) has recently shown some leniency by allowing fund managers to list spot Ethereum ETFs. However, SEC Chair Gary Gensler cautioned that it would take time for these to launch...