For the first time, the SEC engages with a Solana ETF proposal, raising hopes for a thaw in its historically tough stance on crypto. The U.S. Securities and Exchange Commission (SEC) has acknowledged Grayscale’s filing for a Solana-based exchange-traded fund (ETF). It is the first time the agency has engaged...
Here’s How Many Shiba Inu (SHIB) Investors Sit on Unrealized Losses
SHIB's valuation has tanked by over 20% in the last week. TL;DR Following a substantial price drop, more than 57% of SHIB holders are now in the red, though this remains well below the 90% underwater rate seen in September 2023. A small group of 10 wallets holds over 61%...
Injective Hub V2 Goes Live, but INJ Price Shows Minimal Reaction
Even after a major upgrade, INJ's price has barely moved, gaining only 2% in a day. In a major upgrade to its ecosystem, Injective Labs has announced the release of Injective Hub V2. The latest release aims to improve user experience and streamline interactions within the Injective blockchain. It also...
Major Ripple (XRP) Milestone Achieved: Key Details
Over 95% of RLUSD stablecoin transactions have occurred on XRP Ledger. Ripple’s stablecoin, RLUSD, has recorded over 105,011 transactions on the XRP Ledger (XRPL). The latest milestone comes approximately two months after its launch. On the other hand, only 4,109 transactions have been processed on the Ethereum (ETH) network, meaning...
Mantra (OM) Price Prediction: How High Can it Go?
"I’m all in on OM you should be too," one popular X user said. TL;DR Analysts predict OM could reach $10 – $15, with some calling it the “king of RWAs.” Nonetheless, the asset’s RSI recently entered overbought territory, suggesting a potential short-term correction. OM’s Next Potential Targets The cryptocurrency...
Social Engineering Scams Hit Coinbase Users Hard: $65M Stolen, Actual Losses Likely Higher
Coinbase has reportedly suffered undisclosed security breaches according to ZachXBT who exposed the exchange's leadership's failure to manage evolving threats. Over the past two months, Coinbase users have reported a surge in account restrictions, which appear linked to the company’s aggressive risk models and an ongoing wave of social engineering...
Ethereum Price Crash? Analyst Predicts Possible 50% Drop
ETH's price remains deep in the red on a monthly scale. TL;DR Ethereum’s price struggles below $2,800, with some analysts warning of a potential drop to $1,200 if key support fails. Others, including Michael van de Poppe, remain optimistic, citing Trump-linked investments as a bullish indicator. ETH Bulls to Suffer...
Massive Shiba Inu (SHIB) Announcement
SHIB is among the best-performing top 20 cryptocurrencies today (February 5). TL;DR SHIB’s price surged by 8% on a 24-hour scale as the meme coin partnered with the UAE’s Ministry of Energy and Infrastructure. Shibarium blasted through another major milestone, which could also be interpreted as a bullish element. The...
HIVE Digital Buys Bitfarms’ Paraguay BTC Mine for $56M
The Yguazú facility, 80% complete, will add 6 EH/s to HIVE’s mining capacity by Q2 2025, with hydro-cooled ASICs set to enhance efficiency. HIVE Digital has finalized the acquisition of Bitfarms’ partially completed 200-megawatt Bitcoin mining facility in Yguazú, Paraguay, for $56 million. The deal includes an upfront payment of...
Forbes Ranks CME Group, Coinbase, and Bitstamp as Top Crypto Exchanges of 2024
CME Group topped the rankings, trading $1.4 trillion in crypto futures in 2024, with BTC open interest surging 83% to over $20 billion. Forbes has released its third annual “Best Crypto Exchange” ranking, evaluating over 200 firms based on security, trading volume, fees, regulatory compliance, and transparency. CME Group, Coinbase,...
