Polygon (MATIC) Faces a Severe Profitability Crisis
TL;DR Only 5.63% of Polygon (MATIC) addresses are in profit or at breakeven, according to IntoTheBlock. MATIC has fallen 3.9% in the last 24 hours,...
Tag : Cryptocurrencies
Cathie Wood, CEO of Ark Invest, Endorses Trump for 2024 Election, Citing Economic Policies
TL;DR Cathie Wood, CEO of ARK Invest, has publicly endorsed former President Donald Trump for the 2024 presidential election, citing his economic strategies as the...
Jason Derulo Faces Backlash Over Meme Coin Promotion
TL;DR Jason Derulo faces criticism after promoting a meme cryptocurrency that fell 72% shortly after its launch. Derulo blames Sahil Arora and promises to rectify...
Bitcoin Prepares for Potential 70% Growth with ‘Cup and Handle’ Pattern
TL;DR Bitcoin is forming a “cup and handle” pattern on its weekly chart, signaling a potential bullish move according to technical analysts. The pattern is...
Bitcoin and Ethereum: Whales Take Advantage of Market Correction
TL;DR Bitcoin whales accumulated 20,600 BTC worth $1.38 billion on June 11 amid a crypto market correction. Ethereum hodlers purchased over 240,000 ETH valued at...
OKX Faces Security Crisis: Massive Outflow of Funds totaling $630M
TL;DR OKX experiences an outflow of over $630 million in one week due to growing security concerns. Users report fund losses due to hacker attacks...
UwU Lend Negotiates with Hacker After Losing $23 Million
TL;DR UwU Lend, a DeFi protocol founded by former Frog Nation CFO, Sifu, fell victim to a cyberattack. Resulting in a loss of $19.4 million....
The Crypto Exodus: Investors Embrace Long-Term HODLing
TL;DR Investor Shift: Bitcoin and Ethereum are being withdrawn from exchanges in large amounts, hitting a four-year low, signaling a shift from short-term trading to...
zkSync Airdrop: 3.68 Billion ZK Tokens to Be Distributed to 695,232 Wallets
TL;DR zkSync will distribute 3.68 billion ZK tokens to 695,232 eligible wallets next week. Eligible users must have interacted with the zkSync Era or zkSync...
Io.net Launches Token on Binance and Opens Rewards Claim Period Amid Leadership Change
TL;DR Users of io.net’s Ignition Rewards Program can claim their rewards from June 11 to June 18, 2024. The IO token of io.net will be...