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Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline
10.7.2024
Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million BTC now below their acquisition price. Bitcoin...
Binance Sells Gopax’s Genesis Asset Rights at Steep Discount, Leading to Significant Losses
27.5.2024
Binance, which became the largest shareholder of the South Korean cryptocurrency exchange Gopax, recently sold the asset claims of Gopax victims at less than half their face value.
The post Binance Sells Gopax’s Genesis Asset Rights at Steep Discount, Leading to Significant Losses appeared...
Binance affiliate Gopax sold Genesis creditor claims at steep discount: Report
27.5.2024
The Gopax exchange reportedly owes 100 billion Korean won in unreturned user staking deposits
Report: Russian Authorities Propose Steep Fines for Crypto Miners Operating in Residential Apartments
14.5.2024
Russian authorities have reportedly proposed to impose hefty fines on suspected crypto miners operating from residential properties. Authorities may also consider including amendments to the Code of Administrative Offenses which imposes liability on those misusing electricity. Proposed Measures...
Friend.tech’s FRIEND Token Airdrop Faces Steep Decline Since Market Debut
3.5.2024
Friend.tech, the decentralized social media application on the Base network, recently launched its native token through an airdrop. Since trading commenced, the token has plummeted, dropping anywhere from 50% to 90% of its initial value across various decentralized exchange (dex) platforms,...
Amid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs
27.4.2024
According to current metrics, older bitcoin mining rigs are not generating the same revenue as they did before the halving, particularly with the hashprice at approximately $0.056 per terahash per second (TH/s) per day. On April 25, Luxor Technologies reported a significant decline in the prices...
Market Shakeup — BSV Faces Steep Decline After UK Judge’s Decision in COPA Case
16.3.2024
In recent times, the cryptocurrency landscape has experienced a widespread decline, yet the digital asset bitcoinsv, known for its associations with Craig Wright, has seen the most significant weekly downturn within the crypto sphere, dropping 18.9% versus the U.S. dollar in seven days. This...
Billion-Dollar Volumes and Then a Steep Drop Prompts Allegations of Wash Trading on Aevo
15.3.2024
In response, Aevo says customers suddenly traded more on its decentralized exchange to try to get some of its airdrop
Socialfi’s Shining Star Friend.tech Dims: A Tale of Decline and Disinterest
4.2.2024
Just a few months back, social finance (socialfi) platforms were the talk of the town, with Friend.tech leading the charge amidst surging popularity. Yet, as the curtains closed on October 2023, this once-celebrated socialfi platform witnessed a sharp decline in user engagement, and data from...
GBTC’s Closing NAV Discount and Steep Fees Trigger Outflows, ETF Analyst Expects ‘More Over Time’
13.1.2024
Last week, the U.S. Securities and Exchange Commission (SEC) greenlit the debut of 11 diverse spot bitcoin exchange-traded funds (ETFs), which, in their initial two days on the market, experienced a substantial $7.65 billion in trading volume. Concurrently, while a host of new entrants enjoyed...
Record $2.3B in Bitcoin ETF Trades as BTC Rockets to $49K, Then Plummets Below $46K
11.1.2024
At 11 a.m. Eastern Time (ET) on Jan. 11, 2024, the newly launched spot bitcoin exchange-traded funds (ETFs) boasted a remarkable trading volume of $2.3 billion. However, in a dramatic turn of events later that afternoon, bitcoin’s spot markets experienced a steep decline, with prices falling...
Is Terra Luna Classic Going to Zero? LUNC Price Falls 10% as Viral Mining Coin Surpasses $4.9 Million Milestone
6.12.2023
The LUNC price has dropped by 12% in the past 24 hours, with this steep fall coming on a day when the wider market has actually gained by a healthy 4.5%. LUNC’s dive comes after several days of strong rising, with its current price of $0.00020828 representing an enviable 73% gain in a week...
$UMM’s Launchpad on LBank Witnesses Over 1000% Surge within the First 30 Minutes
29.9.2023
PRESS RELEASE. In a trading atmosphere characterized by meticulous strategies and keen observers, the Launchpad of $UMM on LBank has emerged as a focal point of discussion. UMM’s trading trajectory seems to be on a steep upward trend, marking its territory in the competitive crypto...
Smart Contract Tokens and Defi Sector Suffer Steep Losses, Threatening TVL to Fall Below $40 Billion
10.6.2023
The overall value of the crypto economy has dropped by more than 5% against the US dollar in the past 24 hours, with the top smart contract token sector losing more than 8% in the same time frame. The downturn has also affected the decentralized finance (defi) sector, with the total value locked...
Meme Coin Pepe Sees Steep Decline in 30 Days, Losing 70% Since All-Time High
4.6.2023
According to statistics, the meme coin asset pepe (PEPE) still holds the third position in terms of the largest meme token market capitalization. However, PEPE has lost over 70% in value during the past 30 days. Pepe Value Slides 26% Lower Over the Past 2 Weeks The meme coin pepe (PEPE)...
Assassin's Creed Subscription Comes To Xbox, Costs More Than Game Pass
13.4.2023
After a long wait, Ubisoft+, the french publisher’s Netflix-like gaming subscription, has finally arrived on console by way of the Xbox One and Series X/S. But it comes at a hefty price. Rather than launch a new, cheaper tier, players will have to pay $18 for the existing premium multi-platform...
A Bunch Of PlayStation And Xbox Games Just Got Steep Discounts
11.4.2023
Both PlayStation and Xbox are running big spring sales right now. From Lego Star Wars to The Last of Us Part 1, it’s the perfect time to dip into some of 2023’s biggest blockbusters so far, or catch up on last year’s releases.Read more
Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50%
27.1.2023
Paraguayan mining companies are taking a hit to their profitability due to the steep power fee hikes the government has established for cryptocurrency mining activities. According to reports from Braiins Mining business developer Nano Grijalba, after the veto of the crypto law, the change in power...
Solana Tokens Continue Steep Slide While Major Cryptos Stay Flat
29.12.2022
Solana (SOL) dropped nearly 8% in the past 24 hours, adding to a 20% slide over the past week
MicroStrategy adds to Bitcoin stake despite steep loss
28.12.2022
The firm's Bitcoin holdings have declined 45% from their average purchase price of $30,397