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The leading stablecoin in the crypto market, Tether (USDT), unexpectedly slipped from its $1 peg on the afternoon of November 10. Update as of November 10, 2022: As of 9:00 PM, USDT showed signs of recovery, rising back to $0.994 on CoinMarketCap, and the BUSD/USDT pair dropped
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In the wake of The Merge, Ethereum (ETH) has successfully burned all newly minted ETH since the upgrade. As of the morning of November 9th, Ethereum's network has first achieved a deflationary state since The Merge, according to data from Ultrasound.money. Specifically, the circulating supply of Ethereum
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The collapse of FTX is plunging the cryptocurrency market into a crisis—particularly impacting projects connected to it, such as Solana, which is currently experiencing widespread difficulties. SOL, a token not directly associated with FTX but previously supported by Sam Bankman-Fried, has plummeted to $16.24, down 42% today. SOL
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A massive amount of Solana (SOL) tokens worth nearly $1 billion, representing 13% of the circulating supply, is set to be unlocked on November 10. A large portion of Solana validators have halted staking of SOL (47 million SOL, valued at $845 million) in preparation for withdrawal within the next
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Despite positive expectations that the legal battle between Ripple and the SEC may end in Ripple's favor, XRP's price has shown little reaction and is facing downward pressure as whale movements involving over $190 million have been observed. Whale Alert has flagged several transactions on November
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Circle, the company behind the USDC stablecoin, is bringing Euro Coin (EUROC) to Solana and extending its cross-chain protocol to the blockchain. Euro Coin, or EUROC, is fully backed by euros rather than US dollars, offering reliability comparable to USDC. According to the launch announcement on June 16, EUROC adheres
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The crypto market has kicked off the week with high drama between Sam Bankman-Fried of FTX and CZ of Binance. While the outcome remains uncertain, FTT and Solana ecosystem tokens are experiencing significant declines. FTX Faces Withdrawal Pressure, FTT and Solana Tokens Suffer Following CZ's public acknowledgment that
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The US government has announced the seizure of a massive stash of Bitcoin connected to the Silk Road black market, which was dismantled a decade ago. US Seizes 50,000 Bitcoin Linked to Silk Road On the evening of November 7th, the US Department of Justice revealed that it had
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Neon Labs, the solution providing an EVM (Ethereum Virtual Machine) bridge on Solana, is set to launch its infrastructure by the end of this year. Neon Labs plans to complete the integration of the EVM infrastructure on Solana by December 12, 2022, according to CEO Marina Guryeva. The EVM is
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Let’s dive into 68 Trading’s analysis of potential trading opportunities in the crypto market for the upcoming week. Recap of Last Week’s Trades Hello everyone, Coin68 Trading had a successful week, accurately predicting Bitcoin’s early-week correction and capturing the Altcoin wave during the latter half of
Bitcoin (BTC) and the broader crypto market continue their recovery streak that began at the end of October, reaching a 7-week high. Price Movements of Leading Cryptocurrencies as of 09:20 AM on November 5, 2022. Source: Coin360 As of the morning of November 5, Bitcoin (BTC) has surged to
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A key supporter of Polkadot has asserted that the DOT token should not be classified as a security under U.S. law. In a Twitter post on the evening of November 4, the Web3 Foundation—the organization that initially funded the development of Polkadot—stated that DOT is no longer
