MakerDAO’s emergency proposal triggers 26% MKR price plunge
MakerDAO, a decentralized finance (DeFi) protocol behind the Maker (MKR) token, witnessed a sharp 26% value decrease within a week following the news of an emergency proposal aiming to address the platform’s $3.1 billion USD Coin (USDC) exposure. Investors and stakeholders in the ecosystem were concerned about the overexposure to a single asset, particularly USDC’s […]
ETH Turns Attractive On Dips
As cryptocurrency becomes increasingly popular, Ethereum has proven to be a strong competitor in the digital currency market. Ethereum has surged in popularity in recent years and is now the world’s second-largest cryptocurrency by market capitalization, behind only Bitcoin. ETH price is currently consolidating above the $1,730 level against the US Dollar, moving higher above […]
$XRP Whale Numbers Grow as Large Investors Stockpile 420 Million Tokens, Data Shows
The number of whales on the XRP Ledger has been growing recently, and large investors have been behaving aggressively by accumulating the cryptocurrency. The accumulation is said to be in anticipation of a favorable outcome in the legal battle between Ripple and the U.S. Securities and Exchange Commission. This information was provided by on-chain analytics […]
‘No Intention of Keeping What Is Not Ours,’ Euler Finance Hacker Says
Last week, Euler Finance, a decentralized finance (DeFi) platform for borrowing and lending cryptocurrencies, suffered a nearly $200 million attack. The hacker, who had drained various cryptocurrencies using a flash loan exploit, sent a message to an Ethereum address linked to the platform, offering to begin a dialogue after Euler Finance issued an on-chain ultimatum […]
Gensler Is Trying To Do Too Much Too Fast
SEC’s Peirce Believes Gensler is Trying to Do Too Much Too Fast The Securities and Exchange Commission (SEC) may have a packed agenda that is hindering the implementation of important regulatory guidelines in the crypto space and other areas of securities policy, according to SEC Commissioner Hester Peirce. She expressed concerns that agency Chief Gary […]
Rattled crypto industry could emerge stronger after USDC depeg
USD Coin (USDC), the world’s second-largest stablecoin, has recently faced a depegging from the US dollar, dipping to as low as $0.85, before recovering to $1.00. The USDC had deposited $3.3 billion of its cash reserves with Silicon Valley Bank (SVB), a commercial bank, which faced significant challenges amid rapidly rising interest rates. The depegging […]
Ethereum (ETH) Has Door Open to $2,000 and Higher, Santiment Shares Reason
Ethereum (ETH) Is Poised to Soar above $2,000 and Beyond On Sunday, Ethereum, the world’s second-largest cryptocurrency by market capitalization, reached a seven-month high, reaching a price level of $1,840. The Santiment analysis team believes that Ethereum has the potential to surpass $2,000 as the network has not yet encountered any significant barriers or heated […]
Bitcoin (BTC) Price Climbs Past $28,000 For the First Time In Nine Months, Bull Party Started?
Bitcoin (BTC) Price Climbs Past $28,000 For the First Time In Nine Months, Bull Party Started? The world’s largest cryptocurrency, Bitcoin (BTC), seems to be on a very strong footing and surged past $28,000 on Sunday, March 19, for the first time since June 2022. However, there has been a partial pullback since yesterday’s top, […]
Binance Adds GNS and More Pairs on Cross Margin & Isolated Margin
Binance Adds GNS and More Pairs on Cross Margin & Isolated Margin Cryptocurrency exchange Binance has announced the addition of a new borrowable asset, GNS, on both its Cross Margin and Isolated Margin platforms. In addition, the exchange has also introduced new margin pairs to its platform. The new Cross Margin pairs include GNS/BTC and […]
5 Altcoins to Watch this Week
The world of cryptocurrency can be highly volatile, with sudden fluctuations in the values of digital assets. Despite recent banking crises, Bitcoin has surged past the $28,000 mark, with other altcoins following its lead. In this article, we discuss five of the most vital tokens in the crypto world to watch out for. GMX: A […]