Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing …
Continue reading “This Pattern Suggests Ethereum Is In Accumulation Phase — What’s Next?”
The total value locked in one of crypto’s most trusted decentralized lending platforms is plummeting after hackers successfully attacked a third-party cross-chain staking protocol. According to LookonChain, Aave has witnessed its TVL plunge by $6.28 billion in under 48 hours after KelpDAO’s LayerZero-powered cross-chain bridge was compromised and about $292 million of its rsETH token …
Top Stories of the Week Russia introduces bill to criminalize unregistered crypto services Russia’s government submitted a bill to its parliament’s lower house to amend the country’s legal code and impose criminal liability on crypto services offered without regulatory approval or licensing. In a draft law sent to the State Duma on Friday, Russian lawmakers …
The current Bitcoin (BTC) market cycle is “dramatically” weaker than the three previous cycles, according to Alex Thorn, the head of firmwide research at investment firm Galaxy. Thorn compared price action since the April 2024 Bitcoin halving to cycles triggered in 2012, 2016 and 2020; the current cycle shows significantly dampened volatility and lower upside. …
Continue reading “2024 BTC cycle ‘dramatically’ underperforming previous halvings: Analyst”
The exploit of the Kelp liquid restaking protocol shows how non-isolated lending and integrations in decentralized finance (DeFi) can cause broader ecosystem contagion, according to crypto industry executives and blockchain security firms. Non-isolated lending on DeFi platforms, including earlier versions of the Aave lending protocol, exposes users to risks from all the various tokens used …
Continue reading “Kelp exploit highlights problem with non-isolated DeFi lending: Crypto execs”
US aluminium giant Alcoa is reportedly nearing a deal to offload its long-idle Massena East smelter in upstate New York to Bitcoin mining firm New York Digital Investment Group (NYDIG). The company is in advanced discussions and expects the transaction to close “in the middle part of this year,” CEO Bill Oplinger told Bloomberg on …
Continue reading “Aluminum giant Alcoa to sell dormant smelter to Bitcoin miner NYDIG: Report”
RaveDAO has denied any role in the recent surge and sharp collapse of its RAVE token, as major crypto exchanges open probes into trading activity following allegations of market manipulation. In a thread posted on X, the project said it was “not engaged in, nor responsible for, recent price action,” responding to mounting scrutiny after …
Continue reading “RaveDAO denies manipulation as Binance, Bitget probe RAVE trading activity”
Traditional finance giants Charles Schwab and Citadel Securities are both considering entering prediction markets, with each separately weighing up how they wish to get involved in the fast-growing sector. “I think at some point we likely will have prediction markets,” Rick Wurster, the CEO of the banking and investing titan Schwab, told investors during a …
Continue reading “Charles Schwab, Citadel Securities weigh entering prediction markets”
US media personality and former Olympian Caitlyn Jenner has escaped a class-action lawsuit after a federal judge ruled her memecoin was not a security under US law. California federal judge Stanley Blumenfeld Jr. wrote in an order on Thursday that the lawsuit failed to plausibly plead that Caitlyn Jenner (JENNER) tokens were investment contracts, as …
Continue reading “Caitlyn Jenner escapes memecoin lawsuit as judge says token not a security”
US Senator Elizabeth Warren has accused Paul Atkins, the head of the Securities and Exchange Commission, of possibly lying to Congress about the agency’s enforcement numbers. Warren, the top Democrat on the Senate Banking Committee, said in a letter to Atkins dated Wednesday that the SEC’s enforcement data for fiscal year 2025, released on April …
Continue reading “Warren claims SEC’s Atkins likely misled Congress over enforcement data”
One trader flipped a single ETH into more than $470,000 in just a few hours. Another held a position for 580 days watching it sit near zero, then walked away with close to $392,000. Both made their money on the same token — a memecoin called Asteroid Shiba — after a two-word reply from Elon …
Continue reading “Asteroid Shiba’s 68,000% Rally Leaves Traders Stunned After Elon Musk Reply”
The Dogecoin price is still compressed into a narrowing range just below $0.1, but analyst Lars has issued an update to a technical framework he has been tracking for weeks, one that now points to a significant move coming for the meme cryptocurrency. The outcome, however, hinges on one crucial confirmation that has yet to …
Continue reading “Dogecoin Nears Key Turning Point As TCT Model Begins To Form”
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in …
Continue reading “Bitcoin Breakout Confirmed, But Is It Real Or A Bull Trap?”
A bold XRP price forecast is gaining traction among community members, as an analyst predicts the cryptocurrency’s next moves in the coming weeks. The expert has mapped out an aggressive roadmap tied to a sequence of upcoming events, including the launch of X Money, which he expects could potentially drive XRP’s price toward $10. The …
Continue reading “Analyst Predicts X Money Will Send XRP To $10 – But What Will Send It To $1,700?”
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in …
Continue reading “Ethereum Signals Major Reversal – $2,900 Target Back In Focus”
