Category Archives: Cryptocurrency Market News

US Court Filings Expose Montenegro’s Prime Minister’s Stake In Failed Terraform Labs

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A recent Bloomberg report has revealed that Montenegro’s Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company’s collapse. The discovery has raised concerns regarding the founder’s choice to flee prosecution by seeking refuge in the same nation.  The founder of Terraform Labs, Do Kwon, was detained in Montenegro in March 2023… Continue reading US Court Filings Expose Montenegro’s Prime Minister’s Stake In Failed Terraform Labs→

LayerZero’s ZRO Token Airdrop Receives Backlash For ‘Proof-Of-Donation’ Mechanism

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This week, another airdrop controversy has sent the crypto community into havoc. Omnichain interoperability protocol LayerZero recently announced its ZRO Token launch alongside an Airdrop for its community. However, investors were shocked when the protocol announced the new ‘Proof-of-Donation’ mechanism. The token’s price has dropped over 20% after launching.  LayerZero Faces Backlash For Token Airdrop … Continue reading LayerZero’s ZRO Token Airdrop Receives Backlash For ‘Proof-Of-Donation’ Mechanism→

87% Of Bitcoin Hodlers Laughing All The Way To The Bank – Here’s Why

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The current state of the Bitcoin market offers a mix of optimism and caution for investors. Over 87% of Bitcoin holders are in profit, with their investments valued higher than their initial purchase prices. On average, these investors are seeing unrealized gains of 120%, a significant figure that reflects the substantial rally that pushed Bitcoin… Continue reading 87% Of Bitcoin Hodlers Laughing All The Way To The Bank – Here’s Why→

Double-Whammy For Ethereum: Price Collapses, Exchange Supply Dries Up

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The winds of change are blowing through the Ethereum (ETH) ecosystem. Despite tentative signs of recovery after recent dips, the price has struggled to stay afloat in the last 30 days. Additionally, a more intriguing trend has emerged: a mass exodus of ETH from cryptocurrency exchanges. This movement, marked by declining exchange supply and net… Continue reading Double-Whammy For Ethereum: Price Collapses, Exchange Supply Dries Up→

SEC Drama Fuels XRP Rally: Open Interest Skyrockets

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The cryptocurrency XRP is making waves as open interest (OI) for the token experiences a dramatic rise. This surge in investor positioning coincides with the ongoing legal battle between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC). Bullish Bets On The Horizon Cryptocurrency analysis platform CryptoQuant detected a significant… Continue reading SEC Drama Fuels XRP Rally: Open Interest Skyrockets→

Nvidia Propels AI Crypto Tokens To Market Leadership: Here Are The Top 3 Winners

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Amid an overall market downtrend, crypto assets based on artificial intelligence (AI) have exhibited substantial gains, fueled by the AI frenzy permeating the traditional finance and crypto markets.  This surge has been further augmented by the continuous rally of tech company Nvidia, which recently claimed the world’s most valuable company title, with its soaring share… Continue reading Nvidia Propels AI Crypto Tokens To Market Leadership: Here Are The Top 3 Winners→

Curve (CRV) Bounces 40% From All-Time Low As Whales Go On Shopping Spree

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Curve Finance’s native token, CRV, saw a dramatic 30% price drop a week ago. The crash, which included the massive liquidation of Curve Finance CEO’s lending positions, left many investors concerned. Whales took advantage of Curve’s struggle and loaded their bags with millions of tokens. Whales Go Shopping After CRV Dip On June 13, CRV… Continue reading Curve (CRV) Bounces 40% From All-Time Low As Whales Go On Shopping Spree→

Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?

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Bitcoin seems to be hitting an air pocket. Over the past two weeks, whales have been shedding their digital assets in large amounts. This exodus, totaling over $1.2 billion according to CryptoQuant, has been a cause for concern for many landlocked investor. Where The Whales Go, The Market May Follow The reasons for this sudden… Continue reading Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?→

Altcoin Massacre? Prices Plummet 40-90%, Recovery Stalled — Analyst

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The once-sizzling altcoin market is facing a harsh reality check. Prices have plummeted a staggering 40-90% in recent months, mirroring past crashes but with a glacial pace that’s leaving investors numb. Renowned crypto analyst Daan Crypto sees this as a necessary correction, albeit a slow and potentially painful one. Echoes Of Crashes Past, But With… Continue reading Altcoin Massacre? Prices Plummet 40-90%, Recovery Stalled — Analyst→

This Is The Biggest Issue With Altcoins This Cycle: Crypto Analyst

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In a thread on X, Miles Deutscher, a renowned figure in the crypto analysis sector, has dissected what he views as a critical flaw in the current altcoin market. Addressing his extensive following, Deutscher elaborated on the impact of the rapid increase in the number of new crypto tokens, an issue he believes to be… Continue reading This Is The Biggest Issue With Altcoins This Cycle: Crypto Analyst→