Hong Kong-based cryptocurrency exchange BitForex is in crisis mode after its website went offline on February 23 following the reported withdrawal of $57 million from its hot wallets. Wash Trading Scandal and Website Shutdown Decentralized finance (DeFi) detective ZachXBT brought the incident to light on Twitter, raising concerns about the exchange’s operations. BitForex has yet…
Ryoshi, the anonymous founder of Shiba Inu, the second-largest meme coin, has shared their vision for the project’s future. Community-Driven Growth Ryoshi praised the SHIB community for its organic growth and resilience, emphasizing that it’s greater than any individual, movement, or nation-state. They stressed the importance of implementing ideas properly to ensure a solid foundation…
Bitcoin Correction Unlikely, But Short-Term Pullback Possible Macro investor and fund manager Dan Tapiero believes that digital assets are still in the early stages of their bull run, making a significant correction for Bitcoin (BTC) very unlikely. In a recent video update, Tapiero, the CEO of investment firm 10T Holdings, told host and SkyBridge Capital…
Uniswap Team Sells UNI Holdings Uniswap team sold 90,000 UNI tokens worth $1.03 million at $11.48. The wallet received 5.44 million UNI ($62.46 million) and currently holds 926,000 UNI ($10.63 million). UNI Rallies Over 70% UNI rallied by over 70% from its weekly low of $7.06. The rally was triggered by a proposal to alter…
Fake Airdrop Alert The Shiba Inu team is urging community members to stay vigilant following the introduction of their new non-fungible token (NFT) collection, Sheboshi. The team warned of potential fake airdrop scams that may emerge due to the hype surrounding the new NFTs. Sheboshi NFTs The Sheboshi NFTs, introduced on February 20th, are digital…
Analyst’s Parabolic Curve Pattern Theory Kevin Svenson, a crypto strategist, believes Bitcoin (BTC) is nearing a point in its parabolic uptrend where its value could surge rapidly. Svenson explains that Bitcoin is following a textbook parabolic curve pattern and is currently in base three of the pattern. He predicts that Bitcoin could double in price…
Ripple has made an unexpected move by unlocking 400 million XRP tokens from its escrow account ahead of schedule. This has raised questions and sparked discussions within the XRP community. Timing and Transaction Details The transaction was brought to light by the on-chain analytics platform Whale Alert. The timing of the unlock is unusual as…
RiskOnBlast: A Victim of Rugpull Blast Network’s layer 2 project, RiskOnBlast, has fallen victim to a significant exploit known as a rug pull, resulting in the loss of approximately 500Ether (ETH). This incident has raised questions about the scrutiny involved in the RiskOnBlast venture, which was led by unknown founders with no established reputation. Blast…
The crypto market is constantly changing, with investor sentiment, regulations, and technological advances all playing a role. This week, we’re taking a closer look at five coins that are at critical junctures for various reasons. 1. Bitcoin: ETF Data, Monthly Close, and US PCE Bitcoin remains the market leader, and its movements are closely watched…
Zircuit, a new ZK-rollup focused on security, has launched its staking program. The program allows users to stake ETH, LSTs (liquid staking tokens), and LRTs (liquid restaking tokens) to earn Zircuit points. Staking Program Surpasses $129 Million TVL in Less Than 24 Hours The staking program has been a huge success, amassing over $129 million…
