Category: Other Crypto News

Ethereum Price Trapped Under $3,250, Momentum Tilts Lower

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Ethereum price started a fresh decline from the $3,300 resistance. ETH is now consolidating losses and is at risk of more losses below $3,150. Ethereum started a sharp downside correction below $3,250. The price is trading below $3,220 and the 100-hourly Simple Moving Average. There is a short-term declining channel forming with resistance at $3,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $3,160 zone. Ethereum Price Struggles Below Resistance Ethereum price failed to remain stable…

Crypto Traders Return to Memecoins, Trading Volume Jumps 106%

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Memecoin traders appeared to be locking in profits on Monday after a strong start to the year, according to analysts, with memecoin trading volumes spiking while memecoin marketcap fell. Memecoin trading volume spiked to $5.62 billion on Monday, rising 106% from a day earlier, while memecoin market capitalization fell 6%, according to crypto data platform CoinMarketCap. The volume has since dropped back down to $3.6 billion, down more than 24% for the day.  Vincent Liu, the chief investment officer at Kronos Research, told Cointelegraph a surge in memecoin trading volume…

Crypto Funds Attract Over $2 Billion This Week

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Trove Investors Furious After Team Keeps $9M and Token Tanks

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Vocal critics within the Trove Markets community on X are in uproar again after the team announced it will keep most of the investor funds it had raised to build on Hyperliquid and instead use them to build on Solana.  Trove had raised over $11.5 million for a token sale tied to its integration on Hyperliquid, but announced on Friday, just days before its token generation event, that it will pivot to building on Solana. One of Trove’s builders, “Unwise,” later blamed the pivot on a liquidity partner withdrawing 500,000…

Binance Leads $5M Liquidation Wave

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XRP is attempting to reclaim the $2 mark after a sharp breakdown that briefly dragged the price toward the $1.85 level. While bulls are trying to stabilize the move, the broader market remains under pressure as macroeconomic uncertainty rises and analysts continue to warn that crypto could be entering a deeper bear market phase. In this environment, volatility is being amplified by leverage, and XRP’s derivatives market has become a clear battleground. Related Reading A CryptoQuant report highlights how January 18 delivered one of the most painful sessions for leveraged…

$790 Million In Crypto Longs Decimated As Bitcoin Plunges To $93,000

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Bitcoin and the altcoins have plummeted during the past day, leading to the liquidation of a large amount of crypto longs in derivatives markets. Crypto Sector Has Seen A Notable Amount Of Liquidations In The Last Day According to data from CoinGlass, the past day’s volatility in the crypto market has been accompanied by a swath of liquidations. The “liquidation” of a contract occurs when it accumulates losses of a certain degree and is forcibly shut down by the exchange. In the digital asset sector, volatility tends to be high,…

Is A New XRP Price Record Imminent? Analyst Forecast Colossal Short Squeeze Ahead

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Bitcoin Traders Defend $92K, But For How Long?

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Key takeaways: The BTC futures premium held near 5%, showing leverage demand was not impacted after the failed $98,000 breakout attempt. Bitcoin ETFs saw $395 million outflows as gold hit new records, weakening hedge appeal and pushing traders to price downside risk. Bitcoin (BTC) faced a 3.4% correction over the weekend as investors cut risk following rising global sociopolitical tensions and China reporting its slowest economic growth since 2022.  The retest of the $92,000 level caught bulls off guard, as $215 million in leveraged BTC futures longs (buys) were forcefully…

Indians slam Pudgy Penguins, ex-digital yuan boss’s crypto scandal: Asia Express

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Pudgy Penguins makes enemies in India Non-fungible token brand Pudgy Penguins has drawn backlash over a now-deleted post on X that singled out Indian social media users. X users outraged at Pudgy Penguins social media post. (0xmj) The controversy followed a recent announcement by X product head Nikita Bier that the platform will prohibit applications from rewarding users for posts, a category often referred to as “infofi,” citing the spread of AI-generated spam and low-quality content.  In crypto circles, the change affects users who earn rewards by farming engagement, including…

Injective Governance Vote Passes to Accelerate INJ Supply Cuts

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Injective’s protocol community approved a major tokenomics overhaul on Monday, passing a governance proposal with 99.89% support based on staked voting power. Injective is a layer-1 blockchain focused on decentralized finance applications, with INJ (INJ) serving as its native token for staking, governance and transaction fees. The Supply Squeeze proposal (IIP-617) reduces its native token issuance and maintains the network’s buyback-and-burn program, which uses protocol-generated revenue to permanently remove tokens from circulation. The network said it has removed about 6.85 million INJ from circulation through token burns. The proposal is designed to…