Bitcoin and Ethereum Surge Triggers Massive Short Squeeze
The cryptocurrency market has witnessed a dramatic price surge for Bitcoin and Ethereum, resulting in significant losses for short traders. According to data from CoinGlass, the past 24 hours have seen over $383 million in crypto liquidations, with shorts bearing the brunt at $297 million. This wave of liquidations affected more than 94,000 traders, with […]
Vitalik Buterin Advocates for Ethereum Layer-2 Interoperability
Vitalik Buterin, the influential co-founder of Ethereum, recently voiced his concerns on Twitter about the current state of Ethereum’s layer-2 networks. Buterin stressed that the ecosystem feels disjointed and lacks unity, calling for enhanced interoperability among the various networks that aim to scale Ethereum in different ways. “The L2-verse doesn’t feel enough like a unified […]
Ethereum Price Surges Amid ETF Speculation
The trading world was abuzz as Ethereum experienced a sharp 9% increase in its price within just 20 minutes on Monday afternoon, a movement fueled by growing optimism over the potential approval of spot Ethereum exchange traded funds (ETFs) by the United States Securities and Exchange Commission (SEC). Ethereum’s price leaped from $3,143 to $3,428, […]
Meme Stock and Coin Craze: Dogecoin Holds Strong
The resurgence of meme stock mania captivated Wall Street, echoing the chaotic trading frenzy that first swept the financial world in 2021. However, as the dust settles, it’s clear that while traditional meme stocks like GameStop have seen their gains dwindle, meme cryptocurrencies like Dogecoin continue to thrive. Dogecoin, the meme coin championed by Elon […]
Bitcoin ETFs Surge Amidst Economic Optimism
Last week, Bitcoin witnessed a remarkable rebound from its April lows, with its price surging from $61,800 to a monthly high of over $68,500. This uptick coincided with a significant influx of investments into Bitcoin spot Exchange-Traded Funds (ETFs), marking a sharp reversal from prior weeks of net outflows. According to data from CoinGecko, alongside […]
Bitcoin Surges Post-Halving, Approaches Yearly High
The price of Bitcoin has soared to its highest level since the anticipated halving event on April 19, peaking at $67,422 last Friday before experiencing a slight dip. According to CoinGecko, the leading digital asset has increased by nearly 3% over the past day and by over 9% in the past week, now standing at […]
Lorenzo Protocol Revolutionizes Bitcoin Staking
Bitcoin, the pioneer of cryptocurrencies, still reigns as the largest by market capitalization, but it is not without its limitations. These include a slow consensus mechanism, limited data capacity, and an absence of smart contract capabilities, which significantly restrict Bitcoin’s integration into the thriving decentralized finance (DeFi) sector. Addressing these issues, Lorenzo Protocol has introduced […]
GameStop’s Stock Plunge Stresses Roaring Kitty
GameStop, the company that catapulted Keith Gill, better known as Roaring Kitty, into internet fame, has made a significant move that could dilute its shares. The video game retailer has filed to sell up to 45 million shares, potentially increasing its total shares by as much as 15%. Following the announcement, GameStop’s stock price plummeted […]
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