BitMEX co-founder Arthur Hayes has forecasted a sharp downturn for the crypto market, predicting that Bitcoin could fall to $100,000 and Ethereum to $3,000. His warning follows a combination of macroeconomic pressures and weak credit creation across global economies. Crypto Market Hit by $372 Million Losses Following Hayes’ Warning In an August 2 post on…
Popular altcoin Solana has struggled to maintain upward momentum since rallying to a cycle high of $206 on July 22. Over the past week alone, the asset has declined by 14%, reflecting the dip in short-term investor confidence. However, on-chain data suggests that the coin might witness a near-term recovery, with early signs pointing to…
A governance proposal within Curve Finance is causing a stir in the DeFi community, as one contributor calls for a pause in the protocol’s expansion into Ethereum Layer 2 networks. On July 31, a CurveDAO member submitted a proposal arguing that Curve’s Layer 2 deployments generate little revenue and divert resources from more valuable initiatives…
A massive Bitcoin heist from December 2020 has just been exposed, making it the biggest crypto hack in history. According to Arkham Intelligence, hackers stole 127,426 BTC from LuBian, a Chinese mining pool. The stolen Bitcoin was worth $3.5 billion at the time. Due to Bitcoin’s price surge, those assets are now valued at $14.5…
The US is intensifying its regulatory efforts to become a global leader in cryptocurrency and blockchain technology. These efforts align with President Donald Trump’s vision of establishing America as the central hub for the crypto sector. SEC Takes Crypto Tour to Rewrite Digital Asset Rulebook On August 1, the US Securities and Exchange Commission (SEC)…
Interest in XRP is cooling off, with key on-chain metrics signaling potential short-term weakness ahead. With waning bullish sentiment across the broader market, these factors suggest a likely deeper price decline for XRP in the coming trading sessions. XRP Traders Are Tapping Out: $222 Million Exit Signals Fear XRP’s falling Estimated Leverage Ratio (ELR) on…
Industry experts have raised concerns about the tactics allegedly employed by US banks to stifle the growth of major crypto platforms such as Coinbase and Robinhood. Alex Rampell, General Partner at Andreessen Horowitz (a16z), expressed his concerns in a newsletter on July 31. US Banks Accused of Leading Operation Chokepoint 3.0 Rampell pointed out that…
Pi Network’s latest push for voluntary token lockups has triggered a wave of criticism across its community.The August 2 announcement encouraged Pioneers to lock up their Pi coins in exchange for boosted mining rates. This sparked a swift backlash on social media, particularly on X (formerly Twitter). Pi Network Token Lockup Push The lockup feature…
August has begun on a tricky footing for the crypto market, especially for ‘made in USA’ coins. Trading activity has fallen as investors rush to lock in profits from July’s strong rally. Over the past week, the global crypto market capitalization has slipped by 5%, signaling a drop in demand and a broader market cooldown….
US spot crypto exchange-traded funds (ETFs) stumbled into August with nearly $1 billion in combined outflows, ending what had been a strong run in July. Data from SoSoValue revealed that investors pulled $812 million from 12 US-listed Bitcoin ETFs on August 1. This marked the largest single-day withdrawal in five months and the second-worst for…