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Nalezeno "Plunges": 206

Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations


Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of the stablecoin, which normally trades at par with...

Nigerian Currency Plunges After Central Bank Rate Hike


The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on the official foreign exchange market after the CBN increased the benchmark...

Bitcoin Hits $70,000, But Quickly Plunges To $68,000


Bitcoin soared to $70,000 recently and was also quick enough to retrace to the $68,000 level. According to CoinMarketCap data, BTC surged from a 24-hour low of $67,600 to a high of $70,000. However, the bulls failed to sustain the momentum. Even though BTC picked up the pace in the last few days...

Ethereum Plunges 8% Despite ETH ETF Approval: Here’s Why


The cryptocurrency market is experiencing turbulence as Ethereum (ETH) takes a major hit. ETH has dropped over 8% in the past 24 hours. This downturn comes after the much-awaited launch of ETH ETFs. Multiple Factors Converge to Push Ethereum Down The primary reason is the substantial outflow from...

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