Author: News Room
Shiba Inu printed more than two-year growth in only the past quarter, a bullish trend born out of the eclectic surge of Bitcoin (BTC) to a new all-time high (ATH). Despite historic traction, the month of April and this second quarter, in general, hold a different, almost-bearish prospect, overall. Data from Cryptorank shows April comes with negative trends despite average gains for the month coming in at 8.93%. The Shiba Inu April trend comes with a massive 69.4% surge in 2021. April 2022 reversed the trend as the price slipped 22% overall. April 2023 also saw the SHIB price plunge…
Ethena’s USDe, a synthetic dollar stablecoin, encounters critical assessments. TardFiWhale, a blockchain sleuth known has spotlighted “critical flaws” in Ethena’s system. Despite issuing over $1.5 billion in USDe, Ethena is now grappling with potential vulnerabilities that could endanger user investments. TradFiWhale Raises Concern Despite Ethena’s Token Listing TardFiWhale, with a track record of exposing financial missteps such as the collapse of the TerraLuna ecosystem, has raised alarms about Ethena’s structural weaknesses. “They’re paying me off to stop shitposting Ethena; how they’re launching a bug bounty program after launching their token allowing insiders to cash out from their shard campaign participation…
The price of bitcoin experienced a decline on Monday, near 10:00 p.m. Eastern Time (ET), tumbling to a position slightly over the $66,000 mark. By 6:30 a.m. the following day, it had edged down further to reach its intraday low of $65,480 per unit. In the wake of this downturn, the crypto derivatives markets saw […] Read the full article here
A closely followed crypto trader is predicting Ethereum (ETH) will reach new all-time highs (ATHs) within days. Pseudonymous trader Criptopaul tells his 135,400 followers on the social media platform X that the top altcoin historically outperforms Bitcoin (ETH/BTC) during the month of the halving event, when BTC miners’ rewards are cut in half. The next halving is expected to take place around April 19th. Says the trader, “The halving month [has arrived] and historically it has always been a crossroads for altcoin explosion and ETH/BTC reversal. Are you ready? I expect also a new ETH ATH in 30 days.” ETH/BTC…
Bitcoin’s second quarter started on a turbulent note, with the options market once again serving as a harbinger of sharp movements, notably in the downside skew of risk reversals. Bitcoin briefly plummeted to $65,500 from the lofty height of $70k. During the same period, Ethereum saw its value dip to lows of $3,320. Q2 Begins with Dramatic Price Swings According to the latest market update by QCP Capital, “the speed of the move” was driven by significant liquidations, particularly on platforms such as Binance, known for their high retail presence. This essentially caused perpetual funding rates to fall from a…
As gold has again broken its price record, with gold spot price currently standing at around $2,260, its staunch advocate and Bitcoin (BTC) skeptic Peter Schiff has taken to social media to explain why he believes the precious metal to be far more superior to the flagship decentralized finance (DeFi) asset. Specifically, Schiff pointed out that Bitcoin has recently made its own all-time high (ATH) priced in United States dollars, but has not managed to hit a new ATH priced in gold, asserting that this diminishes the ‘digital gold’ argument, according to his X post on March 31. “While Bitcoin…
Ethena Labs, the decentralized finance (DeFi) protocol that offers the $1.3 billion yield-earning USDe, has opened claims for its new governance token (ENA). In a post on X on Tuesday, Ethena invited holders of USDe to claim their share of the airdrop of 750 million ENA tokens, equating to 5% of the total supply, which is set to list on centralized exchanges. Following the commencement of the airdrop, ENA rose over 8% to trade at around 64 cents, with a market cap of close to $500 million, according to data by CoinGecko. Ethena plans to start a campaign with new…
Dmail Network has entered into a partnership with BridgeM, the very best cross chain bridge to connect the Bitcoin and Inscription ecosystems with Manta. It offers direct communication links between projects and subscribers through secure wallets and DIDs linked to the Dmail app. BridgeM joins the big league of Dmail Subscription Hub with this strategic partnership, and it is a breakthrough in enhancing cross chain liquidity. Dmail Network has set a unique standard for blockchain communication with approximately nine million users and 160 million message transactions. The Subscription Hub, shortened as SubHub, is vital in enhancing user engagement within the…
Polygon’s zkEVM rollup entered an emergency state on March 23 after the chain stopped processing blocks. Last week, Polygon released an analysis of the outage that took its zkEVM down. Polygon reported late Saturday that its zkEVM sequencer had failed, attributing the cause to a reorg of the Ethereum mainnet. The postmortem states that the synchronizer for Polygon zkEVM mishandled the reorg, and the chain started processing batches of transactions with incorrect timestamps. A blockchain reorganization, or reorg, happens when a network discards blocks from a previous version and adopts a new chain of blocks as the accurate history of…
April 2 (Reuters) – Cryptocurrency ether is struggling to keep pace with soaring big brother bitcoin. The no. 2 cryptocurrency, which commands less than a fifth of the $2.7 trillion crypto market, has not done poorly. But ether is up just around 53% in the first three months of this year, compared with bitcoin’s 65%. Bitcoin scaled new peaks last month. Trading around $3,612 on Monday, ether is at least 26% below its Nov. 2021 all-time high of $4,867.60. Even a recent technical upgrade of the Ethereum blockchain, which is used to build applications, barely made a splash beyond the…