Share: Silver gains positive traction and snaps an eight-day losing streak to over a two-week low. The technical setup supports prospects for the emergence of fresh selling at higher levels. Bears might wait for a fall below the $22.85-80 region … [Continue reading]
Arbitrum community sees new proposal for ARB staking and incentive distribution to users
Share: Arbitrum governance aggregator PlutusDAO has launched a proposal suggesting ARB locking mechanism and distribution of incentives to users. PlutusDAO proposes minting 1.75% of the token supply and distributing the token inflation to … [Continue reading]
Coinbase CEO Brian Armstrong’s stablecoin hot take: Flatcoin linked to CPI
Share: Coinbase CEO told Yahoo Finance in an interview that the next iteration of stablecoins, flatcoin, is on the horizon for the exchange. Flatcoin will be linked to CPI or purchasing power, rather than a fiat currency. Coinbase has … [Continue reading]
FTX exchange’s motion to convert crypto to fiat could make or break the payback plan in September 13 hearing
Share: Bankrupt FTX exchange’s motion to sell and hedge its crypto assets into fiat currency is scheduled for a court hearing on September 13. The Department of Justice’s US Trustee office that oversees the conduct of bankruptcy parties … [Continue reading]
MATIC price declines, on-chain activity fails to catalyze recovery in Polygon’s token
Share: MATIC network has observed a spike in address activity, trade volume and whale transactions over the past four days. The rising on-chain activity failed to catalyze a recovery in Polygon’s native token, MATIC price dropped to its … [Continue reading]
Shiba Inu price lags behind despite massive spike in Shibarium transactions and SHIB token burn
Share: Shiba Inu price yielded 3.42% losses over the past week, SHIB struggles to recover despite increasing activity on Shibarium. The Layer 2 chain hit a key milestone, crossing 1.5 million in transactions. SHIB burn rate increased … [Continue reading]
PEPE price recovery fazed by split in the meme coin’s team and Telegram account hack
Share: PEPE price is winding around the $0.00000079 level after the official account announced the hack of Telegram account. The tussle between the founding team has likely dragged on, with the Telegram account pushing scams on community … [Continue reading]
Grayscale Ethereum Trust discount shrinks to lowest level in a year, traders await spot ETH ETF approval
Share: Grayscale Ethereum Trust discount narrowed from 59.34% in January 2023 to 26.64%, early on Saturday. Ark’s spot Ethereum ETF filing is likely a catalyst behind the shrinking discount and traders are weighing higher odds of the … [Continue reading]
SBF’s bankrupt FTX exchange fights to recover millions of dollars from athletes, Formula 1 racing teams
Share: FTX exchange’s advisors are scrutinizing whether millions of dollars in funds offered to Shaquille O’Neal, Naomi Osaka and several NBA teams can be reversed. The bankrupt crypto trading platform funded Major League Baseball for $4.9 … [Continue reading]
Bitcoin price recovery bound to be delayed as Texas power crisis threatens miner reserves
Share: Bitcoin price has been hovering around $25,500 to $26,000 for almost three weeks now with no sign of recovery. The BTC miners in Texas are being forced to shut down due to the ongoing power crisis, which could impact the hash rate. As Texas … [Continue reading]