Pudgy Penguins (PENGU), a Solana-based meme coin, has been the only top-10 Solana meme asset to stay in profit over the past week. But recent data suggests the party might be winding down. The token posted a 31% gain over seven days, yet has dropped around 11% in the last 24 hours. Meanwhile, exchange flows,…
According to blockchain security firm Cyvers, crypto exchange WOO X suspended transactions after a hack stole $14 million of user funds. It’s unclear how this breach took place, but damage is apparently isolated to user accounts instead of company-affiliated wallets. So far, the exchange has been proactive in informing its users, quickly admitting that the…
Ethereum (ETH) continues to attract institutional interest despite a recent pullback in price. This week alone, more than $1 billion has flowed into ETH investment funds, which highlights growing institutional appetite for the asset. However, the coin’s price performance does not mirror this bullish investment activity. Despite the heavy inflows, ETH remains under pressure, largely…
Bitmine is planning to substantially expand its Ethereum holdings, taking a treasury of $2 billion to $4.5 billion with a major stock sale. The firm conducted a sales agreement with Cantor Fitzgerald to help enable this move. Many companies are making huge ETH investments at the moment, generating record inflows and surging prices. A new…
VINE token is up over 60% after Elon Musk teased resurrecting the eponymous short-form video app. It’s unclear if xAI will explicitly partner with Vine’s old team, but the meme coin community is feeling the hype. Even in the most bullish scenario for VINE, xAI’s new app would face stiff competition from TikTok, Instagram Reels,…
This week, the United Kingdom made headlines after reports revealed it was considering selling $7 billion worth of Bitcoin confiscated during a 2018 law enforcement seizure. The extra cash comes at a crucial time for the UK as it grapples with a fragile financial position. While the UK considers selling its seized Bitcoin, doing so…
Pump.fun (PUMP) experienced a significant price drop of 20% in the last 24 hours following the token’s initial bearish crossover. Despite an explosive launch that initially attracted a lot of attention, skepticism among investors has increased, causing the token’s price to struggle to maintain its early gains. Pump.fun Native Token Fails To Gain Interest The…
As Bitcoin shattered its all-time high previous week, before stabilizing around $119,100, market watchers are asking the same question: What’s propelling this crypto rally, and where does it go from here? From political influence and institutional investments to regulatory clarity and tightening supply, several key forces are converging to push Bitcoin into uncharted territory. Trump’s…
Pi Network’s native token has extended its lackluster performance by yet another day, tumbling 7% in the last 24 hours. The fresh decline has pushed the asset closer to the lower trend line of the narrow trading range it has traded within since July 15, putting its all-time low back in sight. With new demand…
XRP price is now trading at $2.99 after falling over 13% in just one day. This sharp drop has broken below key support levels and is spooking the market. But if we examine deeper metrics, like liquidation maps and on-balance volume, there’s a chance this downtrend may be losing steam. Derivatives Market Shows Why XRP…