TL;DR A major increase in Shiba Inu’s burn rate and rising transactions on Shibarium hint at potential upward price movement for the meme coin. One analyst notes a bullish flag pattern, suggesting SHIB could gain up to 90% if it clears $0.00001884. The Next Potential Direction for SHIB The cryptocurrency...
Major Update on the Ripple v SEC Lawsuit November 1
The United States Court of Appeal for the Second Circuit has ordered the U.S. Securities and Exchange Commission (SEC) to file its principal appeal brief against Ripple Labs before January 15, 2025. This comes after the agency requested a deadline extension until the said date. No More Delays Initially, the...
Nearly $300 Million in Liquidations as Bitcoin (BTC) Dumped by Over $3K
BTC’s inability to break its own all-time high has resulted in a massive rejection that pushed it south hard to under $69,000 earlier today. The altcoins have followed suit, which has harmed over-leveraged traders, with more than 90,000 such market participants getting wrecked in the past day. Bitcoin/Price/Chart 01.11.2024. Source:...
Nearly $300 Million in Liquidations as Bitcoin (BTC) Dumped by Over $3K
BTC’s inability to break its own all-time high has resulted in a massive rejection that pushed it south hard to under $69,000 earlier today. The altcoins have followed suit, which has harmed over-leveraged traders, with more than 90,000 such market participants getting wrecked in the past day. Bitcoin/Price/Chart 01.11.2024. Source:...
Chorus One Introduces TON Pool: The First Institutional Solution for Scalable TON staking
[PRESS RELEASE – Zug, Switzerland, October 31st, 2024] Chorus One, a leading provider of staking infrastructure for over 60 networks, today announced the launch of TON Pool, a new staking solution designed to simplify and optimize Toncoin staking for institutions and investors. With a focus on addressing the limitations of...
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dYdX CEO Declares 35% Workforce Reduction
Swiss-based decentralized trading platform dYdX has announced a 35% reduction in its core workforce. Platform CEO Antonio Juliano initially shared the news in a brief post on X, calling the decision “sad” while promising to provide more measured reasoning for the action later. A Leaner dYdX In the social media...
dYdX CEO Declares 35% Workforce Reduction
Swiss-based decentralized trading platform dYdX has announced a 35% reduction in its core workforce. Platform CEO Antonio Juliano initially shared the news in a brief post on X, calling the decision “sad” while promising to provide more measured reasoning for the action later. A Leaner dYdX In the social media...
Former FTX’s Head of Engineering Nishad Singh Dodges Prison
Nishad Singh, the former FTX head of engineering, was sentenced to time served and three years of supervised release. He avoided further prison for his role in the multibillion-dollar fraud at the collapsed cryptocurrency exchange. Singh, sentenced by Judge Lewis A. Kaplan in New York, also faces an $11 billion...
Bitcoin (BTC) Price to Hit New ATH as Long as It Stays Above This Resistance Zone (Analyst)
TL;DR Analysts share optimistic BTC price predictions. One trader thinks a parabolic increase of $300K is possible sometime next year. The US presidential election on November 5 may drive BTC volatility due to candidates’ contrasting crypto policies. New Peak Under This Condition Bitcoin’s price has been one of the hottest...
