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Bitcoin Dominance on the Rise: Is the Market Freezing or Just Preparing for a Rebound?
In the last month, Bitcoin (BTC) has been reclaiming its dominance in the cryptocurrency market and reached an important milestone as its market share crossed 60% […]
Bitcoin’s Market Landscape: A Mix of Optimism and Caution as Macro Indicators Weigh on Growth
While global financial markets remain uncertain, the cryptocurrency sphere—Bitcoin in particular—seems to be stirring an unusual blend of positive on-chain metrics and negative macroeconomic conditions into what might be a compelling growth story. On the major exchanges—Binance, ByBit, OKX, and Deribit—the most recent market developments have suggested a shift in sentiment toward Bitcoin. The average funding rate across these platforms was just above zero, indicating a very cautious market. But funding rates have dropped into the negative for a number of stretches in the past. And what happens next has been somewhat mixed: Price increases for Bitcoin have followed four of those negative stretches, while the only occasion that it dropped into negative funding territory and then moved back to zero was followed by a pretty steep decline in price. https://twitter.com/AxelAdlerJr/status/1907289208827654336?t=pligaT4-1s2_8bMtHZ3AVw&s=19 A Stabilizing Market with Positive Long-Term Signals The spot […]
Ethereal PerpDEX Takes the DeFi Scene by Storm with Explosive Growth in TVL
Ethereal (@etherealdex), the Ecosystem's decentralized perpetual exchange, has made a remarkable leap in the DeFi space. Now, according to DeFiLlama, it sits at the second-largest platform in the network by total value locked, with just usurped Jupiter. Ethereal’s TVL was $820 million at the time of writing, and it has surged almost 49% in the past week and a staggering 155% in the last month. Overall, within the landscape of decentralized exchanges, Ethereal seems to be making quite a name for itself—much to the delight, I'm sure, of its backers and investor group. Ethereal occupies a space in the ecosystem where very few projects exist today. With its Testnet Season Zero pre-deposit stage well underway, there is a significant number of users that seem to be taking interest in the protocol. Currently, the Testnet Season Zero has over 16,210 addresses […]
$HYPE Reaches 100,000 On-Chain Holders as Whale Makes a Bold Move
HyperLiquid platform and its native token, $HYPE, have seen a recent surge in popularity, with $HYPE now having more than 100,000 on-chain holders. This moment underscores the growing interest in the platform, which is gaining a solid foothold in the decentralized finance (DeFi) sector. And it's not just the little guys who are taking notice—big institutions are also starting to play in the space. https://twitter.com/HyperliquidNews/status/1907713983387242681?t=-GUdRAJKXS6_veughL539g&s=19 In a dramatic display of confidence (or maybe strategy) in the potential of $HYPE, a whale recently made a sizeable transaction that saw the transfer of a staggering 5 million USDC into the HyperLiquid platform. This deposit allowed the whale to grab 406,888 $HYPE tokens at a price of $12.3 each, bringing their total $HYPE holdings to an impressive 700,214.3 tokens, valued at approximately $8.68 million. Despite the not-so-ordinary size of the whale's buy, the […]
Lazarus Group Allegedly Nets $2.51M Profit from WBTC Trade after Two Years
In a move that has raised big concerns in the crypto community, a wallet linked to the infamous Lazarus Group—a hacking collective associated with North Korea—has reportedly sold off a big chunk of Wrapped Bitcoin (WBTC) it was holding. The wallet, dubbed 0x784, offloaded all of its 40.778 WBTC, worth about $3.51 million, and exchanged it for 1,857 ETH at an average price of about $86,170 per coin. That trade saw the wallet profit by about $2.51 million—a 251% return on investment. The attention of blockchain analysts and cybersecurity experts has been drawn to the sale of the wallet and the subsequent distribution of its funds. This is because the wallet was controlled by the Lazarus Group—an entity infamous for carrying out large-scale cyberattacks, especially against financial institutions. But unlike other cybercriminals, who traditionally move their plunder via clandestine payment […]
AVALANCHE PRICE ANALYSIS & PREDICTION (April 4) – Avax Advance Selling After Rejecting $20, Eyes Recent Low
As Bitcoin took a downturn last week, several altcoins followed suit, with Avax posting a major loss in the past few days. This ushered the bears back into the market as they aim to reclaim the monthly low. Last month saw the bulls through a relief following a notable recovery from $15. However, things are heating up from the bears' side as the market failed to push above the $20 level yesterday. Following this sudden drop, Avax is now trading at $18 with no sign of slowing down. A bearish weekly close could fuel a bigger drawdown in the coming week. A crack below March’s low could fuel a serious dip to a new yearly low before rebounding. If the mentioned monthly low bolsters well, we may see a fresh bullish move with a double-bottom formation. That could lead to […]
Kaito’s Short-Term Price Dip: Market Trends and Long-Term Prospects Remain Positive
In the cryptocurrency world, volatility is ever present, but recent market movements around the $KAITO token have generated a weird combo of concern and optimism. Just six hours ago, a prominent market maker, Amber Group, recharged 1.26 million $KAITO tokens—worth $1.3 million—on Binance. While this major transaction was underway, what followed in the next few hours has been significant price drop. From 4 a.m. to now, $KAITO has fallen by 9.4%, from a high of $1.0402 to its current value of $0.9421. https://twitter.com/ai_9684xtpa/status/1907264012099948878 Even though it is the norm for the crypto market to have price ups and downs in the short term, this recent dip has really made some holders and traders question just how sustainable $KAITO’s value is. What we uncovered while digging into the current market dynamics and the underlying factors at play presents a much more […]
GSR Markets Moves $5.6M in LINK Tokens — A Potential Sign of Selling Pressure or Strategic Positioning?
The world of cryptocurrency is ever-dynamic. When large amounts of cryptocurrency are moved, the market often shifts as a result. GSR Markets, a leading trading firm, got people talking recently when it deposited 400,000 LINK tokens onto Binance. The tokens had been withdrawn from OKX and Binance back in February 2024. GSR seems to have the Midas touch; it acquired those LINK tokens at an average price of $19.33. Now, with the tokens moved onto Binance, some market watchers seem to think it might be an omen. GSR could be selling, or maybe it has some other reason for this move. https://twitter.com/EyeOnChain/status/1907073624718086444?t=8uHsE4mmBhPeYJ_qhvPilg&s=19 Considering that the present price of $LINK is much lower than where GSR entered, selling now would not only be a loss on paper but a realized loss of $2.13 million. This is quite different from how GSR […]
Euler Finance’s Explosive Growth: How the New Risk Pulse System Helps Manage Rapid Market Shifts
In the DeFi space, Euler Finance has rapidly shot up the ranks to become one of the leading lending protocols, as seen by its ascension in both total supply and total debt figures. Total supply and total debt at Euler Finance have both behaved much too "well"—that is, they've risen too much too fast for this to be sustainable. Both have risen more than 3.5 times since early February 2024, which, if you ask me, looks like one of the most active platforms there is. But on the platforms, what are lenders and borrowers doing? https://twitter.com/intotheblock/status/1907034346294272045?t=SKY2GL8owtYyV5z2i5KAFg&s=19 Euler Finance has launched Risk Pulse, a new alert system that offers near real-time monitoring of key risk indicators. In an era when conditions can change at a moment's notice, this new tool is about as good as it gets for keeping users in […]
UPCX Suspends Deposits and Withdrawals Following $70M Breach: User Funds Remain Secure
A concerning development has occurred in the decentralized finance (DeFi) ecosystem: UPCX, a leading decentralized payment network, has halted deposits and withdrawals after discovering unauthorized action involving around $70 million worth of UPC tokens. The company urges that, despite the breach, all user assets are safe and sound and that it is working diligently to resolve the matter. Cyvers, a well-respected blockchain security firm, has confirmed the breach. It has traced it back to an attack where the attacker took advantage of a vulnerability in the ProxyAdmin contract. This vulnerability, now patched, allowed the attacker to execute unauthorized token transfers: in this case, UPC tokens. What has UPCX been doing? (1) The platform has taken immediate measures to enhance security and prevent further unauthorized activity. (2) It is conducting a thorough investigation to understand exactly how the breach occurred and […]
Smart Money Moves: Memecoins Under Pressure as Sell-offs Intensify
In recent days, the memecoin market has noticed a shift in investor sentiment. Some tokens are selling off a lot. Long considered highly speculative assets, memecoins are increasingly being seen as definitely low-quality, and the prices of some are tumbling in a not-so-distant echo of the 2012-14 crash that took Dogecoin and a handful of other coins down with it. This week, we take a close look at the smart money's activity and the appearance of the increasing levels of selling pressure among some of the situation's tokens. Key Insights into the Current Sell-off Trend 1. $ARC Faces the Highest Negative Net Flow Among the various tokens being traded in the memecoin market, \$ARC stands out due to its significant negative net flow. It has the highest outflows of any token in the market, and that points to serious selling […]