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Bitcoin Faces Crucial Support Amidst Shifting Accumulation Trends

Recent developments in the Bitcoin market have sparked speculation and uncertainty among investors, as key indicators point to potential shifts in accumulation patterns and price dynamics. For the first time since October 2023, there has been a noticeable change in Bitcoin’s Accumulation Trend Score, now standing at 0.27. This shift suggests a possible alteration in […]

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Ethena Token Plummets Below $1 Amidst Significant Sell-Off

Ethena, the popular cryptocurrency token, continues its downward spiral as it dips below the $1 mark, shedding 20% of its value in a single day to reach a trading price of $0.947. In a concerning development, the project’s multi-signature address has initiated a substantial recharge of 35.12 million $ENA tokens to various exchanges including Gate, […]

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Grandbase_fi Suffers Major Security Breach: $GB Token Value Plummets Over 99%

Today, grandbase_fi encountered a severe security breach when their deployer’s wallet fell victim to unauthorized access, enabling the attacker to mint $GB tokens on BASEChain. This breach resulted in unauthorized transactions that triggered a staggering decline in the value of the token, with prices plummeting by over 99%. According to reports from @CyversAlerts, the hack […]

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Bitcoin’s Recent Price Drop Triggers Significant Liquidations Amid Inflation Concerns

Bitcoin experienced its first drop below the $67,000 mark since April 4th, resulting in over $850 million in liquidations within the past day. This downward trend has also affected other asset classes, including the SP500 and gold, indicating broader concerns regarding CPI and inflation across various sectors. ๐Ÿ“‰ #Bitcoin's first drop below $67K since April […]

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Blast Lending Project Pac Finance Sparks Controversy with Sudden LTV Change

In a recent turn of events, Blast lending project Pac Finance has found itself embroiled in controversy following a sudden change in the loan-to-value ratio (LTV) of its ezETH pool. This unexpected alteration led to the liquidation of approximately $24 million, sparking outrage among affected users and the broader crypto community. Pac Finance, known for […]

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Transaction Volume Surges On LRTs Amid Eigen Layer Mainnet Launch

The transaction volume on Layer-1 Rollup Technologies (LRTs) has witnessed a significant uptick following reports of the Eigen Layer mainnet launch and the introduction of @eigen_da. This surge in activity is primarily fueled by the anticipation surrounding the potential EigenDA airdrop and the projected revenues from AVS (Arbitrum Virtual State) fees. LRT Transaction Volume is […]

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ETH Layer 2 Transaction Surge Post Dencun Upgrade, Base Tops Solana

Since the Dencun upgrade, Ethereum layer 2 (L2) transactions have experienced a remarkable surge, marking a 196% increase to reach 5.67 million transactions settled on the top L2 platforms. The number of transactions on ETH layer 2s has skyrocketed following the Dencun upgrade. โž–The number of transactions settled on the top L2s has increased by […]

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Ethena’s Season 2 Boosts $ENA Price, Whales Flock To Stake

Since the introduction of Season 2 by Ethena Labs, the price of $ENA has surged, doubling in value since its launch. This significant uptrend has been attributed to the increased utility and rewards offered by Ethena’s latest season. $ENA has doubled in price since its launch after @ethena_labs introduced Season 2! After the introduction, 3 […]

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TRON’s Q1 2024 Report Shows Robust Growth Across Multiple Metrics

TRON’s latest financial report for the first quarter of 2024 highlights impressive growth across various key indicators, signaling a promising start to the year for the blockchain platform. According to the report, TRON experienced a remarkable increase of over 21% in fees and revenue compared to the previous quarter, more than doubling year-over-year. This surge […]

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Non-Fungible Tokens Drive Decentralized Applications Industry Growth

The decentralized applications (DApps) industry is witnessing a remarkable expansion, with an average of 7 million unique wallets active on a daily basis. This surge in activity is largely attributed to a resurgence of interest in non-fungible tokens (NFTs), according to CoinTelegraph. After experiencing a decline in usage in 2022, the NFT industry staged an […]