The decision by the bankrupt crypto exchange FTX to sell its Solana holdings at a significant discount to crypto venture firms has sparked strong disapproval from creditors. Reports recently emerged revealing that FTX sold 30 million SOL at a rate of $64 each to VC firms such as Pantera Capital and Galaxy Trading. This marked
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As Dogecoin (DOGE) continues to trade sideways close to its 21-day moving average at $0.18, many investors are turning to a new meme coin called Sponge (SPONGE) in search of higher returns. While Dogecoin has established itself as the leader among crypto meme coins, its massive market cap of around $25.58 billion may limit its
In a recent announcement on April 4, Binance revealed its decision to suspend Bitcoin Ordinals trades and deposits starting from April 18, 2024. The exchange also urged Bitcoin-based NFT holders to withdraw their assets from the NFT marketplace before May 18, 2024. Although Binance did not provide a specific reason for this suspension, it mentioned
The crypto analyst CrediBULL Crypto has recently shared a bullish narrative for Ethereum (ETH), suggesting that the second-largest cryptocurrency by market capitalization could potentially reach a price level of $20,000. According to CrediBULL, this optimistic price prediction is based on his belief that Bitcoin (BTC) could realistically achieve a 2x increase from its previous all-time
The recent surge in Bitcoin accumulation by short-term holders has caught the attention of many in the cryptocurrency market. With over 1.2 million BTC accumulated since December 2023, this trend indicates a shift in the dynamics of Bitcoin ownership. While long-term holders have traditionally dominated the market, the rise of short-term holders signals a new
As XRP battles to gain momentum in 2024, holders of the cryptocurrency are turning towards a new eco-friendly AI crypto known as eTukTuk (TUK) in search of potential 50x gains. With XRP currently trading around $0.58, experiencing a 22% decline from its recent highs, the cryptocurrency has fallen more than 5% for the year. In
The recent delay in the arraignment of two Binance executives by Nigerian authorities has raised significant questions about the legal process and the actions of the government in this case. The postponement until April 19 comes amidst allegations of money laundering and operating a crypto exchange without proper licensing. The fact that one of the
Cryptocurrency analyst PlanB has made a bold prediction that Bitcoin will reach $100,000 this year, despite the current bearish sentiment prevailing in the market. He claims that this price level is just the beginning for Bitcoin in this market cycle, with the potential for the price to reach $500,000 based on the stock-to-flow (STF) indicator.
The recent court hearing involving crypto exchange Binance in Nigeria shed light on the lack of legal representation for the company. Despite facing criminal charges, Binance was represented solely by its compliance chief, Tigran Gambaryan, at the court hearing on April 4. This lack of legal representation could potentially impact the outcome of the case
The cryptocurrency market is a volatile one, with new tokens and coins emerging every day. One such token that has caught the attention of investors is the Ethena token (ENA). Since its listing on Binance, ENA has surged 13% in just 24 hours and an impressive 53% overall. This token serves as the governance token