Cryptocurrency News

The first atomic SVM chain on Solana, Sonic SVM, has announced the launch of Hyperfuse Nodes, marking the first node sale in the Solana ecosystem. The sale offers participants access to Sonic’s Solana Virtual Machine (SVM) technology and a potential opportunity to earn tokens. Sonic SVM Unveils Hyperfuse Nodes According to the announcement shared with…Read More

Musk previously signaled he was ready and willing to serve if Donald Trump is elected president of the United States. Elon Musk may be floating the idea of establishing himself as the head of a new government institution if former United States president Donald Trump claims the Oval Office again in the November 2024 election. True…Read More

An inverse-head-and-shoulder pattern is developing on the XRP weekly chart, awaiting a breakout toward $1.  XRP (XRP) has lagged behind the broader cryptocurrency market so far in 2024, posting a year-to-date decline of over 15%, while other assets together have gained around 20% during the same period. However, a mix of fractal and technical indicators…Read More

After a dip in August, the first week of September didn’t bring much sunshine to the world of non-fungible tokens (NFTs). Sales slid by 7.69% over the seven-day period. The total number of NFT transactions was just over 1 million, which is a notable 36.93% drop from the previous week. September NFT Sales Struggle With…Read More

In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy has slowed, though it continues to expand, as highlighted by recent…Read More

Despite the Chewy token’s near 30% rally, Gill’s cryptic post seems to suggest that he is dropping the Chewy company, not endorsing it. A dog-themed memecoin is surging after the enigmatic return of Keith Gill, also known as “Roaring Kitty,” the individual credited with sparking the GameStop short squeeze.After an over two-month hiatus, Gill returned…Read More

A recent report from Glassnode, led by researchers Ukuriaoc and Cryptovizart, highlights growing stress among short-term bitcoin (BTC) holders. As market pressure mounts, these investors experience heightened unrealized losses, suggesting they may drive future sell-side activity. Glassnode: Unrealized Losses Climb for Short-Term Bitcoin Investors According to Glassnode’s onchain analysis, short-term bitcoin (BTC) holders are currently…Read More

Between Sept. 1 and Sept. 7, 2024, the crypto market took a notable hit, shedding $170 billion in value. Bitcoin and ethereum were the main drivers of this downturn, responsible for 78.82% of the week’s losses. These two heavyweights saw their combined market caps shrink the most, dragging the entire market down with them. Crypto’s…Read More

Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit. Update Sept. 7, 12.48 pm UTC: This article has been updated to include quotes from Harshit Gangwar.El Salvador is celebrating its Bitcoin anniversary, marking three years since the country adopted Bitcoin as legal tender.El Salvador became the world’s first…Read More

Ethereum’s EOI is now negative for 2024, after ETH lost 42% of its yearly gains in the past four months.  Ethereum’s (ETH) price is down almost 4% on Sept. 7, and 10% in September, due to multiple headwinds for the second-biggest cryptocurrency. The collective crypto drawdown on Sept. 6 followed U.S. nonfarm payrolls data, which…Read More