The price of the leading altcoin, Ethereum, continues to drift further from the $4,000 mark. Recent profit-taking and cautious sentiment weighing heavily on market momentum have caused ETH price to decline significantly from its July peak of $3,941. On-chain and technical indicators now suggest a growing likelihood of a pullback below $3,000 in the coming…
The Cardano community has approved a major development proposal, allocating over 96 million ADA—worth approximately $70 million—to Input Output Engineering (IOE), the blockchain network’s development team. The decision, announced on August 2, followed a community vote in which nearly 74% supported the funding request. Significant Funding to Support Cardano Development According to the firm, the…
Hedera Hashgraph’s native token HBAR has plummeted by 15% over the past week, dragged down by a broader market pullback. As the crypto market continues to show signs of weakening momentum, technical indicators suggest HBAR’s downturn may be far from over. HBAR Drops Under 20-Day EMA as Bears Take Over Readings from the one-day chart…
A statue honoring Bitcoin’s pseudonymous founder, Satoshi Nakamoto, has gone missing from its display location in Lugano, Switzerland. The statue, one of three created in tribute to Nakamoto, was last seen in Villa Ciani park before being stolen. Where is the Satoshi Nakamoto Statue? On August 2, reports emerged confirming the theft of the Satoshi…
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…