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GMX Falls Concerning AVAX/USD Price Manipulation


GMX, the popular decentralized derivatives exchange, recently faced a sudden 20% drop in value, falling below $40, concerning the price manipulation of AVAX/USD. Despite the crypto market facing issues overall, the factors accounting for GMX’s fall differ. Several analysts turned to Twitter...

Smoothie Raises $1.2 Million to Develop a Web3 Product Search


Smoothie recently announced raising over $1.2 million to build a product hunt for Web3. Matt Kim, Smoothie’s co-founder, tweeted about the funding to inform users worldwide. The Twitter thread by Matt Kim shed light on several important factors about the platform. As a discover-to-earn awards...

Wintermute Loses $160 Million to a DeFi Hack


Wintermute, one of the biggest cryptocurrency market makers, recently lost over 160 million dollars to a DeFi hack. The details about the breach have not been released, but it has been confirmed to attack 90 assets. The company’s Chief Executive & Founder, Evgeny Gaevoy, discussed the breach...

USD/CAD Rises as the Canadian CPI experiences a Fall


The USD/CAD pair has increased, and the CPI has shown a falling trend. The pair is currently at 1.3329, an increase of 0.59%. It is estimated that there could be a further rise if steps are not in place to control the rising inflation. Cold water to that fire is Canada’s report for August which...

Stellar (XLM ) All Set to Aim for the $1.3 Mark!


Since February this year, cryptocurrencies have been dominated by macroeconomics. Investors observed a lot of outflow from the crypto industry, and it is continuing even in September. Due to inflation and other macro factors, cryptocurrencies could be the worst victim in the next few months. Some...

Exness Registers a $2.8T Trading Volume in August


Exness, a commercial brokerage with its headquarters in Cyprus, defied market norms in August by managing $2.81 trillion in trading activity. Exness had its highest monthly numbers to date, while most of its rivals recorded a monthly decline in activity due to the summer vacations. Every month,...

Market Concerns Cause Crypto Market Cap to Fall Below $950 Billion


Digital currency is in the freefall condition as the market trends with a bearish tone, especially past 24 hours which have shown unexpected signs. The overall crypto market cap goes below the mark of $950 billion. Every cryptocurrency is aimlessly riding the bear despite holders hoping to recover...

Why XRP Price is up 7.5% to $0.3498 - Is it Time to Buy?


During the European session, the XRP price is up 7.5%, bringing nostalgic price action back to the market. More than 4.3 million unique addresses now hold XRP, Ripple's native token. Despite facing its own set of difficulties and the persistent Crypto Winter that has driven several assets...

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