After a month of quiet paws, Shibarium, the Layer-2 solution for the popular meme coin Shiba Inu, has roared back to life with a staggering 200% increase in daily transactions over the past two days. This surge marks a dramatic turnaround from its recent lull, reigniting optimism among the SHIB army and sending the platform’s…
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Chiliz (CHZ), the crypto powering fan engagement in sports and entertainment, is on fire, erupting 45% in the past week and leaving both fans and analysts cheering. This meteoric rise isn’t just about passion play though, with hard data pointing to growing institutional interest and even whale whispers driving the rally. Chiliz Volume, Open Interest…
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Tether, the issuer of the ubiquitous USDT stablecoin, cemented its dominance in 2023, ballooning its market share to a staggering 71%. This explosive growth, however, comes with a chilling undercurrent: a United Nations report linking USDT to a surge in cybercrime and money laundering in Southeast Asia. Glassnode data paints a stark picture of Tether’s…
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The recent approval of the first Bitcoin spot exchange-traded fund (ETF) in the United States by the Securities and Exchange Commission (SEC) has reverberated across the cryptocurrency landscape, triggering a significant surge in various altcoins, with Ethereum Classic (ETC) taking the spotlight. Often overshadowed by its more well-known sibling, Ethereum, ETC has emerged as the…
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Sui (SUI), a newcomer in the crypto sphere, is making waves as it tallied an impressive 87% rally in the last seven days, pushing its price to reach $1.43 at the time of writing for a new record high. Its native token has outperformed Bitcoin, sparking renewed interest in the dormant DeFi scene. Sui’s remarkable…
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In a detailed analysis released by crypto intelligence firm ChainArgos, allegations have surfaced about the Polygon team’s involvement in secret sales of MATIC tokens, potentially leading to a suppression of the token’s price. The revelations stem from an in-depth examination of the token allocations and subsequent flows to various exchanges. ChainArgos, in a series of…
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Despite the recent challenges in the cryptocurrency market, Ethereum Name Service (ENS) has experienced a notable surge, increasing by 70% in the past week. This remarkable growth contrasts sharply with the overall bearish trend observed throughout 2023. Investors are now questioning whether ENS could be the symbol of recovery rising from the aftermath of the…
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Traders in the crypto realm are watching Chainlink (LINK) with bated breath as the price coils up near the $16 mark, hinting at a possible break out towards $17, or even $20 given the right conditions this week. Since November, LINK has been consolidating between $13.00 and $17.00, exhibiting classic market cycle behavior that presents…
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The Bitcoin market is experiencing a period of adjustment following the much-anticipated launch of US spot ETFs last week. After a surge to a two-year high near $49,000, the leading cryptocurrency has pulled back over the past four days, currently trading at $42,588 with a market capitalization of $834 billion. This correction presents an opportunity…
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Bitcoin’s hash rate, that is the network’s computing power, recently reached a new all-time high amidst the frenzy that came with the debut of spot Bitcoin ETFs in the US. According to data from IntoTheBlock, the Bitcoin hashrate reached an all-time high of 630.91 million TH/s or 630 EH/s on January 11, less than 24…
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