Shiba Inu (SHIB) is one of the most popular meme coins in both crypto and the mainstream. However, with the rapid expansion of the Shibarium ecosystem, scammers are once again targeting the community with fraudulent tokens. Scammers are becoming more sophisticated in their deception of crypto communities. This time, they’re targeting Sheboshis (SHEB), an experimental…
TL;DR BTC briefly rebounds to over $70K, hinting at a potential bull run ahead of the Bitcoin halving event, which historically leads to significant price rallies. DOGE regains the $0.20 mark with predictions of a dramatic increase in value, driven by a speculative “Cycle of 7 years” theory. SHIB gains support from a major cryptocurrency…
Another busy week is shaping up on the US economic calendar with key inflation data and the minutes from the March Federal Reserve meeting. Core Consumer Price Index (CPI) figures are due out, and market participants eagerly await them as they are a leading inflation indicator. Additionally, the Q1 2024 earnings season kicks off on…
[PRESS RELEASE – Singapore, Singapore, April 8th, 2024] DigiFT, the first on-chain Real World Asset (RWA) exchange regulated by the Monetary Authority of Singapore (MAS), is proud to announce the launch of its second-series RWA depository receipt (DR) token. The DigiFT USD Money Market Fund Token (DMMF), aims to offer a new cash management option…
In a report released earlier this week, analysts from investment manager VanEck forecasted that Ethereum’s Layer 2 scaling networks will reach an astonishing $1 trillion market capitalization by the year 2030. The $1 trillion prediction was reached by estimating that Ethereum would hold 60% of the market share across all public blockchains and assessing the…
Ethena Labs, the creators of USDe, have incorporated Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. This move aims to scale USDe’s supply from its current $2 billion mark. BTC to Boost Scalability and Liquidity The announcement, made through an April 4 thread on X, highlighted the strategic importance of incorporating BTC as a…
Uniswap, the decentralized exchange (DEX) pioneer, has achieved a significant milestone by surpassing $2 trillion in all-time trading volume. This achievement marks a historic moment for the platform, occurring five and a half years after its launch in November 2018. According to data from a Dune Analytics dashboard compiled by Uniswap’s strategy and operations lead,…
The Solana network has been grappling with a significant surge in transaction failures, with approximately three-quarters of all transactions experiencing issues amidst the frenzy of activity sparked by the recent meme coin craze. Market players believe that the current crisis is an “existential moment as big as the FTX collapse.” Solana’s Failed Transaction Climbs 75%…
Ripple’s price has recently found itself resting on a significant support area, spanning from $0.58 to the dynamic support provided by the upper boundary of the triangle formation. This critical support zone is anticipated to hinder further downward pressure, setting the stage for a noteworthy rebound in the mid-term. By Shayan The Daily Chart Upon…
TL;DR Binance updates its platform to include additional trading options for Mexican users. The move coincides with a rising adoption in the region and could drag even more people into the world of crypto. The world’s largest cryptocurrency exchange continues to update its platform to improve users’ experience and respond to the latest trends. Most…
