Bitcoin holders were still profitable, which threatened more selling pressure should the market uncertainty continue. The MVRV ratio’s predicted dip could take Bitcoin prices below the key $59k support level In April, the interest for Bitcoin (BTC) decreased noticeably. The expansion of demand and Exchange Traded Fund (ETF) investments dropped, but during the current month, … Read more
After the distribution of Omni tokens (OMNI) on the Omni Network using the ERC-20 standard, the token’s value decreased by more than 55% within approximately 18 hours, significantly reducing its total market worth. At the same time, a fraudulent token bearing the identical name has experienced a “pump and dump” scheme, causing its value to … Read more
Ethereum loses more ground on Bitcoin in NFT volume. Apecoin continues to decline. In simpler terms, while Ethereum [ETH] continues to be a key player in the Non-Fungible Token (NFT) discussion, current statistics show that its leading position may be shrinking somewhat. The token called ApeCoin, represented by the symbol APE, which is connected to … Read more
Binance, the biggest cryptocurrency exchange globally, is transforming a portion of its Secure Asset Fund for Users (SAFU) into Circle’s US Dollar Coin (USDC). This change means that USDC now makes up approximately 3% of its total circulating supply, held by Binance. On April 18, the company revealed that they would be transferring all of … Read more
SHIB’s weekly burn supply jumped by nearly 4x. SHIB’s on-chain activity plunged, with less influx of new users. Approximately 24 million SHIB tokens were removed from circulation within the past day, contributing to the ongoing intense burn rate for this popular meme currency. SHIB burns, but price goes the other way In their latest announcement, … Read more
Yuga Labs, the company responsible for creating the popular NFT collection known as Bored Ape Yacht Club (BAYC), has sold the rights to two of its games, HV-MTL and Legends of the Mara, in accordance with their earlier plan to redirect the business. On April 17, X was updated with a message from Yuga Labs: … Read more