Share: People’s Bank of China (PBOC) set the USD/CNY central rate at 7.0575 on Monday, versus previous fix of 7.0760 and market expectations of 7.0574. It's worth noting that the USD/CNY closed near 7.0625 the previous day. "China … [Continue reading]
Ethereum worth $7.5M stolen in Arbitrum-based Jimbos Protocol exploit
Share: Arbitrum-based Jimbos Protocol has been hacked barely three weeks after its market premiere. The threat actor made away with 4,090 ETH, worth $7.54 million at current rates. The attacker capitalized on the lack of slippage control over … [Continue reading]
Bitcoin sees capital inflow as Biden, McCarthy agree to raise US debt ceiling
Share: US President Joe Biden has urged the United States House and Senate to "pass the agreement right away." Biden and Republican Kevin McCarthy reached the "agreement in principle" to raise the federal government's multi-trillion dollar debt … [Continue reading]
Solana price prints a bull trap for investors, 25% losses in sight for SOL
Share: Solana price is trading within a pattern from which a breakout is expected. Despite a bullish price action, the technical formation hints at an incoming reversal to $15.19 for SOL. This bearish outlook will be invalidated after a daily … [Continue reading]
Hong Kong’s crypto rules come into effect, Binance CZ finds the timing interesting
Share: Binance CEO Changpeng Zhao has noted that Hong Kong's crypto rules will come into play the week starting May 28. The comment comes after Beijing released a web3 white paper to promote the industry's development. It also comes a week after … [Continue reading]
Shiba Inu price attempts recovery after billions of SHIB burned in the last week
Share: Shiba Inu price is attempting a recovery after almost 3 billion tokens were removed from circulation the past week. That many tokens account for almost 50% of what the SHIB army was able to send to dead-end wallets the week prior. SHIB could … [Continue reading]
Cardano TVL hits new all-time high three weeks to Hoskinson’s ADA decentralization target
Share: Cardano network is enjoying a watershed moment after hitting a new total value locked peak at $446 million. The TVL surge is a testament to the growing popularity and trust in the ecosystem as more protocols go live. Meanwhile, Charles … [Continue reading]
Solana Metaplex fees could push developers back to Ethereum
Share: Solana NFT protocol Metaplex introduced a controversial network fee in its “Token Metadata immutability plan. The move resulted in angry calls for forks and general discontent among its community. Accordingly, the network promptly toned down … [Continue reading]
Gemini files motion to dismiss SEC lawsuit as Genesis bankruptcy drags on
Share: Gemini claims that the "ill-concieved lawsuit" is making it harder to retrieve assets from Genesis bankruptcy. The motion to dismiss the lawsuit is based on the fact that the Earn program contract is not a security, per SEC's claims. Earlier … [Continue reading]
Litecoin price might be susceptible to a decline as LTC holders move to sell
Share: Litecoin price is currently observing high volatility, moving between $102 and $77. LTC long-term holders moved their supply to potentially sell their supply over the last two days after the 6% crash on May 24. The transaction was intended … [Continue reading]