Day: October 6, 2024

Lido (LDO) Faces Massive Correction As Token Losses Mount To 20%

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The Lido (LDO) short-term position continues to be compromised in the face of a market-wide correction phase, dragging the altcoin market to the mud. As of writing, the token has lost over 20% in value, representing a massive flip in investor sentiment. The market has not been faring any better as it lost nearly 2% in value, wiping nearly $800 million in market cap in the past 24 hours.  Lido’s development persists despite the market’s apparent bearishness, the most recent of which might drive retail interest on the platform sky-high.…

72% Of ETHUSDT Traders On Binance Go Long

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Este artículo también está disponible en español. In a recent trading activity on the crypto exchange Binance, 72% of ETHUSDT traders have taken long positions. This interesting sentiment is revealed through the trading analytics platform CoinGlass. This surge in long position is more notable as it comes after a week of Ethereum trending downwards. Related Reading The strong tilt toward long positions suggests that most traders are confident Ethereum’s price will rebound in the coming week. On the other hand, 27.97% of Binance traders are still holding short positions on…

Lego’s Website Hacked to Promote ‘Lego Coin’ Crypto Scam

Lego’s website was hacked to display an unauthorized cryptocurrency ad promoting a fake “Lego coin.” The ad encouraged site visitors to purchase the fake crypto, promising them secret rewards and redirecting them to a suspicious external site selling “Lego tokens.” Lego’s Website Compromised by Cryptocurrency Scam Lego’s website experienced a security breach on Oct. 4 […] Source CryptoX Portal

Dogecoin Large Transactions On The Rise — Can This Fuel DOGE Price Recovery?

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Toncoin struggles as TRON surges; investors eye Lunex network’s DeFi exchange

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Toncoin loses investor interest due to a negative funding rate, while TRON gains momentum, surpassing Bitcoin and Ethereum. Toncoin (TON) is quickly losing investor interest due to its negative funding rate, but TRON is picking up bullish momentum after surpassing Bitcoin and Ethereum in terms of Q3 revenue. Meanwhile, savvy investors are more interested in Lunex Network’s viral DeFi exchange with its unique cross-chain interoperability.  Toncoin’s negative funding rate…

Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review

Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new stablecoin from Ethena Labs. The SEC has formally appealed a court ruling in its case against Ripple Labs, citing significant legal errors. Coinbase is optimistic […] Source CryptoX Portal

Weekly NFT sales rise to $85.9m, Ethereum network leads the pack

The non-fungible token market has undergone a 10.10% surge in sales volume in the last seven days. The present data acquired from Cryptoslam shows that NFT sales volume surged in the last seven days and stands at $85.97 million. The numbers are higher in comparison to the weekly NFT sales in the last two weeks of September. In addition to the rise in NFT sales volume, there has been a 21.73% surge in NFT buyers. As per the latest data, NFT buyers rose to 794,763, and the NFT sellers came down to…

Bitcoin Price Lags Beneath $63,000 — What Does This Mean?

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Wealthiest Man in Argentina Praises Bitcoin’s Strength Against Government Intervention

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Marcos Galperin, founder and CEO of Latin America’s e-commerce and financial services giant Mercado Libre, shared his perspective on bitcoin and cryptocurrency. In a recent interview, Galperin stated that he believes cryptocurrencies will play a “very, very important role” in the future of people’s finances. He disclosed that he invested in bitcoin in 2013 when […] Original