Cronos (CRO) Long-Term Holders: Rebound to $7?

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

Did US Regulators Cut Crypto Trading Volume?

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 receives regulatory approval in Singapore

The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution (MPI) license to crypto exchange 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

Orbiter Finance lost access to its Discord servers

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

Tether Market Cap Climbs Higher, Other Major Stablecoins Shrink

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

Is the $2 price target attainable?

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

Liquid Staking Platforms Like Lido Could Threaten Ethereum

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

Despite the challenges, the crypto market is still in the growth phase

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