[ad_1] While the entire cryptocurrency segment is in the middle of a modest correction, the meme cryptocurrency segment has taken a hit. Its daily performance looks even weaker compared to the market benchmark, but ambitious newcomers bring some optimism. Meme coins lost 5% of market cap in 24 hours The segment of meme cryptocurrences is bleeding today, Dec. 30, 2024. Its aggregated market capitalzation plunged by almost 5%. Meme crypto market caps dipped below $105 billion, CoinGecko tracker says. Meanwhile, the market benchmark only lost 4.6% in the corresponding period. The top 10 largest meme coins are sending mixed signals…
Author: NBTC
[ad_1] It is a new week, but the attention remains on what it was on at the end of the previous one – the second largest offshore crypto exchange in the world, ByBit. If you are not familiar with it – which seems nearly impossible judging by the scale of the news – the exchange was “hacked” for a sum in assets equivalent to about $1.5 billion. It remains an open question how this was possible, but for now it can be concluded that this was the biggest hack ever in the digital asset industry. However, the point of this…
[ad_1] On a recent episode of the Galaxy Brains podcast, Michael Saylor made the case that bitcoin isn’t a currency and that it’s best to think of it as capital and capital only. He also shared that Tether (USDT) and Circle’s USD Coin (USDC) are the real digital currencies and unveiled his “evil genius strategy” (his own words) to get the world to adopt the U.S. dollar stablecoins as opposed to bitcoin. In this Take, I’ll cite some of Saylor’s own words from the podcast before breaking down why many of the points he made are off base. Capital, Not…
[ad_1] A well-known cryptocurrency analyst has suggested that DeFi 3.0 is making a comeback. The analyst’s statement comes roughly two years after the excitement around the DeFi sector hit its peak, before giving way to a crypto bear market. According to the analyst, better user experience and card payment options are working together to power the potential DeFi resurgence. https://twitter.com/Altcoinbuzzio/status/1894309666324451555 Projects to Watch as DeFi 3.0 Potentially Revives The analyst mentioned top DeFi projects he thinks crypto users should watch closely as the potential starters of the next phase of DeFi resurgence. These include AAVE, RAY, HYPE, and UNI. Of…
[ad_1] The price of the world’s second-largest cryptocurrency, ether (ETH), has risen by more than 2.3% in the last 24 hours, while the broader CoinDesk 20 Index has risen by just 0.76% during the same period. Bitcoin is down around 0.3%. The rise comes amid reports that Bybit, the cryptocurrency exchange that was hacked for $1.5 billion worth of ether and staked ether by North Korean hacking group Lazarus, has moved 100 million USDT into new addresses and moved half of that into addresses to purchase 36,900 ETH over-the-counter. The funds, worth around $101 million, were then moved to addresses…
[ad_1] The Cardano Foundation is pushing for the mainstream adoption of the protocol in Argentina and LATAM. Amid its push for adoption, the Cardano Foundation is battling internal calls for organizational reforms. The Cardano Foundation (CF) recently announced the blockchain’s expansion in Argentina, emphasizing its relevance in real-world adoption. According to the announcement, Cardano will utilize its blockchain to power digital authentication for social security and education in Argentina. Cardano Liaise with Argentina for Blockchain Innovation The recent development will see Cardano partnering with the Argentine government, including the Ministry of Labor and National Technological University. Cardano’s collaboration with Argentina…
[ad_1] Once upon a time, the worlds of crypto and fiat were separated. They could see each other, like stars inhabiting the same galaxy, but traveling between them was an arduous task. Not any more. It’s 2025, and web3 payment solutions are the shiny starships connecting the stars with light-speed travel between the fiat and crypto realms. From buying a latte with SOL to tipping creators in stablecoins, these platforms are making digital cash accessible in just a couple of clicks. While the array of payment gateways now onstream is welcome to behold, some are more useful than others. The…
[ad_1] Market analysts expect an imminent Bitcoin crash that would allow the asset to fill the latest visible CME gap on the 1-week chart. In this latest Bitcoin price news, Bitcoin recently fell to $95,212 after briefly surpassing $99,000 during a Christmas rally. The market’s ongoing turbulence has triggered concerns about further declines, with analysts warning of a potential drop to $77,000 to close a critical CME gap. Factors Pointing to Potential Bitcoin Drop EGRAG, a prominent analyst, pointed out that Bitcoin has experienced several massive corrections since October 2022, with average losses of about 23.5%. The current market environment…
[ad_1] Decentralized exchange (DEX) PancakeSwap has integrated with Monad Testnet, which operates as a high-performance blockchain solution for efficiency and scalability. The partnership joins efforts to provide optimized decentralized finance (DeFi) trade execution along with reduced costs and enhanced liquidity options for DeFi users. With the strategic integration, PancakeSwap benefits from Monad’s transaction processing speed and automatically executes thousands of transactions, settling transactions instantly. The system ensures fast trade execution and reduced network latency during all busy periods. The implementation of Monad’s technology allows PancakeSwap to handle growing trading volumes without lag, improving the user experience on the platform. The…
[ad_1] Ethereum consolidates near $2,741, with strong support at $2,190–$2,319, signaling accumulation and bullish momentum. Breaking $3,180 could trigger a rapid rally, while rejection may lead to a temporary retest near $2,200. Higher lows and liquidity grabs reinforce Ethereum’s bullish outlook, with traders eyeing a breakout beyond key resistance. Ethereum (ETH) is robustly consolidating, according to an analysis by Scient, with the prices oscillating between $2,741.38. The asset managed to gain 3% this week, hitting a high of $2,849.70 against a low of $2,605.44. Market analysts believe that ETH indicates the trading pattern of Bitcoin in mid-2023. Hence, long-term outlook…