Ethena’s ENA token has shed 3% in the past 24 hours, mirroring the broader crypto market’s decline as bearish sentiment gains momentum. The drop comes just a few days after the token posted strong gains, with traders now gearing for a potential reversal that could erase all of its recent rally. ENA Slumps as Sellers…
Pi (PI) has experienced one of the most dramatic drops among cryptos valued at over $1 billion as its year-to-date losses climbed to 80% recently. Combined with a strong decline in trading volumes, this favors a bearish Pi Coin price prediction. PI is, by far, the worst-performing asset of the top 40 cryptos in the…
United States Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw is pushing back on the Division of Corporation Finance’s recent liquid staking statement in an August 5 statement of her own. Some Things Are Better Left Unsaid, Caroline Crenshaw Says According to Crenshaw’s Tuesday statement, the federal regulator slammed the division’s statement, alleging that certain…
United States President Donald Trump’s Working Group on Digital Asset Markets recently released its long-awaited crypto report. The document, which was made publicly available on July 30, outlines policy recommendations for regulating crypto in the U.S. The report includes recommendations on crypto market structure, jurisdictional oversight, banking regulations, promoting U.S. dollar hegemony through stablecoins, and…
On-chain data shows Dogecoin whales have expanded their holdings recently, a sign that big-money investors are buying the dip. Dogecoin Whales Have Increased Holdings By 1 Billion DOGE In a new post on X, analyst Ali Martinez has talked about the latest trend in the Supply Distribution of the Dogecoin whales. The “Supply Distribution” here…
Shares of Galaxy Digital faced a significant decline on Tuesday following the release of disappointing quarterly earnings and revenue figures. The crypto-investment and data-center company reported earnings per share of $0.8 for the second quarter, falling short of Wall Street’s consensus estimate of $0.18. Galaxy Digital Shares Plunge 10% Revenue for the period totaled $9.1…
Galaxy head of research Alex Thorn criticized the business model of many Ethereum (ETH) layer-2 (L2) blockchains as “ETH extractive.” In an Aug. 6 social media post, Thorn argued that L2 networks retain most of the fee revenue while contributing relatively little back to the Ethereum L1. Thorn added that most L2s are controlled by single…
In the wake of recent regulatory shifts under President Donald Trump’s pro-crypto administration, Bitcoin Treasury companies have surged to prominence in the cryptocurrency landscape. Inspired by Michael Saylor’s Bitcoin proxy firm, Strategy (formerly MicroStrategy), both publicly traded and private firms have increasingly adopted this approach. As of now, Strategy is the public company with the…
A heated debate has been rekindled across the crypto space following a recent comment by Bitcoin advocate Fred Krueger, who confidently stated that “no other crypto will ever flip Bitcoin.” His assertion that “Bitcoin has won” caused an immediate reaction from the XRP community. Krueger’s comment has been circulating widely on social media, provoking passionate…
After gaining over 37% in the last 7 days, the PUMP price is refusing to cool off. Despite a mild +6% move in the past 24 hours, the token is showing signs of continued strength, even as broader market momentum fades. The big question: Is another breakout brewing, or are we looking at the tail…