Crypto | Finance
Shiba Inu (SHIB) has seen a sharp increase in its weekly burn rate, with nearly 129 million tokens removed from circulation in the past seven days. This represents an 11.82% rise, showing continued community efforts to reduce supply. However, the last 24 hours paint a different picture. Only 21.95 million SHIB tokens were burned, marking…
Big-money investors are taking advantage of Dogecoin’s price drop. Over the last three days, whales have accumulated more than 530 million DOGE tokens, according to analyst Ali Martinez. Whale transactions worth over $100,000 surged by 41% in just 24 hours, data from IntoTheBlock reveals. This spike in activity suggests strong confidence among large investors. Institutional…
The cryptocurrency market remains as unpredictable as ever, and Cardano (ADA) is no exception. Recent data shows that major investors, known as “whales,” have offloaded millions of ADA tokens amid a broader market downturn. This massive sell-off has sparked concerns about Cardano’s future and its ability to recover. Whales Sell Millions of ADA Blockchain data…
Ripple has announced a strategic partnership with BDACS, a South Korea-based digital asset custody firm. The collaboration aims to enhance institutional-grade crypto custody services, providing secure storage for XRP and RLUSD. BDACS will leverage Ripple Custody to offer top-tier infrastructure for institutional investors. This move aligns with South Korea’s Financial Services Commission (FSC) roadmap for…
Ethereum took a major hit, dropping 10.12% in a single day. The price fell to $2,104.07, marking its biggest one-day loss since February 24. This sharp decline wiped out billions from ETH market cap, which now stands at $255.71 billion. Over the past week, Ethereum losses have deepened, falling by 22.99%. Trading volume reached $31.03…
Market Overview: Red Dominates the Top 10f The cryptocurrency market continues its correction phase. All top 10 coins remain in the red, according to CoinMarketCap. Litecoin (LTC) follows the trend, facing key support and resistance zones. Hourly Chart: Tight Trading Range On the hourly chart, Litecoin trades between $106.08 and $117.32. The price currently sits…
Shiba Inu (SHIB) is battling to maintain its footing as selling pressure grips the crypto market. After a false breakout above $0.00001398, the meme coin is now struggling to stay above a crucial support level. At the time of writing, SHIB trades at $0.00001354, down 6.44% in the last 24 hours. If the daily candle…
Solana (SOL) has been struggling. On February 25, its price dropped to $131.90, marking its lowest point in five months. This sharp decline triggered over $129 million in liquidated long positions. Despite a brief recovery to $140, SOL is still down 17% since February 22, while the broader altcoin market has only lost 10%. Declining…
Bitcoin’s price tumbled to the $88,000 range as US spot BTC ETFs recorded massive net outflows. On Tuesday alone, withdrawals hit $937 million, with weekly losses approaching $1.5 billion. Fidelity’s FBTC led with $344 million in redemptions, followed by BlackRock’s IBIT at $164 million. Other significant outflows came from Bitwise, Grayscale, and Franklin Templeton. These…
PayPal plans to expand its stablecoin, PYUSD, to more products this year. Millions of merchants will soon access PYUSD through PayPal’s bill-pay service. This move aims to boost the utility of its digital currency in everyday transactions. But not everyone is impressed. XRP President Monica Long responded with a sharp remark, saying the development “sounds…