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Ethereum Staking Soars as ETF Anticipation Grows

As the crypto market eagerly awaits the potential U.S. launch of spot Ethereum ETFs, a significant portion of Ethereum—32.6 million ETH, over 27% of the total supply—has been staked to secure its proof-of-stake network, according to Coinbase. This development underscores the robust interest in Ethereum staking, despite the ecosystem wrestling with the implications of the […]

GameStop Stumbles as Roaring Kitty’s Meme Stock Magic Fades

GameStop’s stock price concluded another disappointing week, continuing its downward trajectory as the once-thriving meme stock momentum wanes. Influencer and trader Keith Gill, better known as Roaring Kitty, who was instrumental in GameStop’s astronomical rise in 2021, seems to have lost his Midas touch, with shares of GME dropping over 3% in the past week […]

Crypto Heists Soar in 2024: A $1.38 Billion Digital Dilemma

The first half of 2024 has witnessed a dramatic escalation in cryptocurrency thefts, with losses more than doubling compared to the same period in 2023, reveals a report from blockchain intelligence firm TRM Labs. Crypto thefts soared to a staggering $1.38 billion by June 24, 2024, a significant leap from the $657 million recorded up […]

Chimaev’s Crypto KO: SMASH Coin Takes a Dive!

Undefeated UFC superstar Khamzat Chimaev, having not fought for nine months, has taken a controversial dive into the cryptocurrency world by promoting his own meme coin, “SMASH.” This move follows a common trend among celebrities who hint at investing in crypto only to launch their own digital tokens shortly afterward. On Tuesday, Chimaev teased his […]

Crypto Crash: Bitcoin Plummets, Triggers $580M Liquidation Storm

The cryptocurrency market has experienced a severe downturn, with Bitcoin’s price dropping to its lowest level since February. This decline has led to a significant wave of liquidations, with over $500 million in long positions wiped out in the last 24 hours alone, marking the most substantial single-day loss since mid-April, as per CoinGlass data. […]

Nintendo Steers Clear of Generative AI in Game Development

Nintendo has officially announced its decision to avoid using generative artificial intelligence (AI) technology in its games, citing intellectual property concerns. This declaration was made by Nintendo’s president, Shuntaro Furukawa, during an investor Q&A session on Tuesday. Despite the growing popularity of generative AI for its creative capabilities, Furukawa expressed reservations about the potential legal […]

Bitcoin’s Freefall: What’s Behind the Drop Below $57,000?

Bitcoin’s price tumbled below the critical $57,000 threshold, reaching a low of $56,950 in early European trading on Thursday—a level not seen since early May. This drop takes the cryptocurrency below its crucial 200-day moving average of $58,492, marking a significant downturn in its market performance. The decline, which extends over three days, has sparked […]

Germany’s Bitcoin Sell-off Spree: What’s Driving the Strategy?

In a notable move on Tuesday, the German government transferred 282.74 BTC, valued at approximately $17.64 million, to major cryptocurrency exchanges including Bitstamp, Coinbase, and Kraken. This action occurred at 4:20 p.m. Central Indonesian Time, continuing a broader trend of divestment by Germany, with over 3,000 BTC moved to centralized exchanges in just the past […]