Cronos (CRO) declined another 18% in May. Bearish momentum is approaching critical levels. On-chain data shows that long-term holders are becoming increasingly reluctant to sell at current low prices. Will they inadvertently trigger a Cronos price rally? Cronos (CRO) has been in a downtrend for three consecutive months. As unrealized losses continue to mount, investors … Read more
According to data from KAICO, crypto trading volumes on exchanges are at a low not seen since October 2020. Experts point to the banking crisis and hostile regulatory environment in the United States as key factors. Data from KAICO, which tracks 18 centralized crypto exchanges, shows that daily crypto trading volume is $5 billion, the … Read more
Bankruptcy claims exchange OPNX has launched a new OX governance token to incentivize trading of Celsius claims and other crypto assets. The new ERC-20 token offers a waiver of trading fees as the firm seeks to boost trading volume. New Token Launch Boosts OPNX Trading Volume At press time, 133 people had either mined or … Read more
In May, there was a slight decline in the price of bitcoin (BTC), fluctuating between $25,800 and $30,000. However, the monthly open and close prices were quite close, which brings us to the BTC price May prediction: even if the price action is contained, the future trajectory remains uncertain and intriguing. These four analysts used … Read more
The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution (MPI) license to crypto exchange Crypto.com. The regulatory campaign has gathered momentum in 2023. While many countries are still skeptical of the Web3 industry, others, such as Singapore, are trying to welcome the innovation. Today, the exchange announced it has received a license … Read more
Various community members have reported the loss of their non-fungible tokens (NFTs), stablecoins and other crypto tokens due to the Orbiter Finance Discord server being hacked. Cyber scams, especially around decentralized finance (DeFi), are almost a daily occurrence in 2023. Hackers posing as media representatives tricked the project into getting them to click phishing links. … Read more
The Tether stablecoin has achieved a new market cap milestone, surpassing last year’s previous capitalization of $83.2 billion. The numbers reflect strong demand for the stablecoin despite a lukewarm market. Tether demand remains strong The firm behind Tether, the most valuable stablecoin, has surpassed its previous record market valuation of $83.2 billion. This set an … Read more
Polygon (MATIC) price has gained 12% in the last week. While it is currently having a hard time breaking above the $1 support line, on-chain data suggests that MATIC price could reach $2 in the long term if some bullish signs persist. Polygon (MATIC) is widely regarded as the industry-leading Ethereum scaling solution. After Ethereum … Read more
A prominent Ethereum developer has highlighted some of the risks that liquid staking derivatives pose to the Ethereum ecosystem. On June 1, Ethereum developer Danny Ryan posted a recent article on Liquid Staking Derivatives (LSD). He added that those above a “critical consensus threshold” pose a risk to the Ethereum protocol. “With evacuation enabled, it’s … Read more
According to industry researchers, the crypto market has remained resilient in an increasingly hostile environment. External factors including the US banking crisis and the regulatory war over crypto have not slowed progress for the crypto industry. These are the findings of the Coinmetrics State of the Network report on May 31. Ecosystem expansion despite declining … Read more