crypto
Super Trump Coin (STRUMP) recently experienced a surge following an assassination attempt on former President Donald Trump, showcasing a significant rally alongside other PolitiFi tokens. The PolitiFi tokens saw impressive gains, with increases of 37%, 54%, 62%, and 56% for MAGA, TRUMP, STRUMP, and TREMP tokens respectively on the backdrop of the assassination attempt. However, profit-taking quickly ensued, dampening some of these gains. Super Trump coin (STRUMP) price predictionAfter experiencing a slight pullback as a result of the ensuing profit-taking, STRUMP is currently navigating a reco...
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The latest Bitcoin (BTC) jump past $65K triggered notable upsurges in the altcoin market. That saw Qtum (QTUM) recording impressive upticks, which saw it overpowering a falling wedge on the daily chart. The breakout suggests a potential end of a prolonged decline, indicating an upcoming bullish wave for QTUM. The prevailing setup points to a more than 70% increase from the current price, taking the QTUM price above the $4.5 mark. Recent ecosystem developments and optimistic sentiments in the altcoin market support QTUM’s anticipated recovery. June updates from the project highlight crucial pro...
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Prominent Indian cryptocurrency exchange WazirX is the latest victim of an exploit. Reports suggest the exchange’s Multisig wallet on Ethereum has been compromised. On July 18, Web3 security firm Cyvers detected several suspicious transactions that moved $234.9 million of funds from the exchange’s wallet to a new address. Attacker starts dumping tokensFurther, the security firm noted that each of the transaction callers was funded by Tornado Cash, a decentralised privacy protocol. According to Etherescan data, the first transaction saw 4.1 Gnosis (GNO) moved to the exploiters’ address. The att...
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Stellar Lumens (XLM) and Ripple (XRP) prices have underperformed Bitcoin and Ethereum this year. They have all dropped in 2024 while BTC and ETH have risen by almost 50%. Stellar has been the worst-performing tokens of the four as it dropped by over 20%. XRP vs XLM vs BTC vs ETH Ripple and Stellar are facing headwindsStellar and Ripple are the two biggest blockchain companies that focus on the cross-border payment industry. They were both formed to make it easier and cheaper for people to send and receive funds internationally. Indeed, Stellar was established by Jed McCaleb, who was a founding...
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AI crypto project Render (RNDR) recently attained a remarkable milestone in user activity. Renowned analyst Ali Charts revealed that the platform saw the highest number of 24-hour active addresses since Render’s launch. He added that the upcoming migration of all RNDR coins to RENDER is behind the surged activity, indicating amplified engagement and interest among Render investors. Render’s token migrationThe platform plans to move all RNDR assets from the Ethereum network to Solana, rebranding the coin to RENDER. Render launched as an ETH project in 2017, but a community vote in 2023 suggeste...
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There has been a drop in the number of Bitcoin (BTC) holders. The trend observed over the past month comes as several analysts are expecting the flagship crypto to hit six figures. A July 18 post from analytics firm Santiment states that the number of wallets holding more than zero Bitcoin has dropped. Within a month’s time, 672,510 wallets have been liquidated. Institutions take overHowever, according to the analytics firm, “mass liquidations” such as these indicate a higher probability for “continued rebound.” Santiment believes traders are reluctant to enter the market at the time because t...
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Demand for yield is growing as central bank interest rates remain at stubbornly high levels. In the United States, the Federal Reserve has left interest rates at a 23-year high of between 5.25% and 5.50%. While rates in most countries have started falling, they remain at an elevated level compared to where we were in the pandemic. All this means that investors can allocate cash to risk-free assets like government bonds to generate a return. Financial services companies have also created active funds that focus on yields. We have written about covered call ETFs like theJPMorgan Premium Equity (...
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Theta Fuel (TFUEL) reached prices above $0.075 on Wednesday, a two-week high for the Theta Network ecosystem token. Upward movement for TFUEL follows the sharp drop from $0.079 at the start of July to $0.057 on July 5, which coincided with a similar slump for Theta Network (THETA). The Layer 1 blockchain platform’s native token also dropped sharply as weakness saw altcoins mirror Bitcoin retreat to under $54k earlier in the month. For THETA, the notable dip took it from $1.60 to around $1.15 before a broader market recovery saw it rebound to $1.57. Theta Fuel and the DePIN spaceGrowth for Thet...
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Cipher, a prominent Bitcoin mining company that went public in 2021, is considering a potential sale after receiving a takeover bid. With a market capitalization exceeding $2 billion, Cipher is reportedly in discussions with advisors to evaluate this interest, though a final decision on whether to proceed with the sale has yet to be made. Following the news of the takeover bid, Cipher’s stock (CIFR) experienced significant volatility, surging to a high of $8.00 before settling at $6.56. Cipher’s expanding bitcoin mining operationsCipher’s recent operational upgrades have been noteworthy. In De...
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Aave (AAVE) recently surged by 25.3%, hitting a peak of approximately $102.2 over the past week amidst a broader cryptocurrency market uptrend fueled by Justin Sun’s $21M AAVE and MKR deposit into Binance. However, the momentum has since slowed, with Aave’s price retracing to around $99.18 as of the latest trading session, marking a 4% decline from its recent high. Decline in unique AAVE holdersIn tandem with this price action, Aave’s Total Value Locked (TVL) within its lending protocol rose to $12.3 billion, up 7.5% week-over-week. Despite this, data from Santiment reveals a slight decrease i...
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