The Polyhedra Network (ZKJ) token has plunged 91% after abnormal on-chain activity. Binance has blamed whale exits and a liquidation cascade for the token crash. The upcoming June 19 token unlock may trigger further price drops. The cryptocurrency market has once again been rocked by a dramatic price collapse, this time involving Polyhedra Network’s native
A widely followed trader believes that a layer-1 decentralized exchange (DEX) altcoin is gearing up for rallies to new all-time highs. Pseudonymous analyst Altcoin Sherpa tells his 248,500 followers on the social media platform X that he thinks Hyperliquid (HYPE) looks very strong despite the recent marketwide correction. The trader sees HYPE consolidating close to
A widely followed crypto analyst says that Bitcoin (BTC) may pull back after failing to hold a key support level. In a new thread, crypto trader Justin Bennett tells his 116,000 followers on the social media platform X that BTC may revisit the lower bound of a trading range at the $100,000 level, after a
New data from the market intelligence firm Santiment reveals that Dogecoin (DOGE) rival Shiba Inu (SHIB) could skyrocket as whale activity around the meme asset increases. In a new analysis, Santiment says that historically, deep-pocketed investors making moves worth over $100,000 have predated peaks in prices for digital assets. “History has shown that seismic upticks
The world’s largest crypto exchange platform by trading volume is abruptly adding support for one decentralized finance (DeFi) application (DApp), causing its native token to skyrocket. In a new announcement, Binance says it is adding support for DeFi App (HOME), a DApp that aims to simplify decentralized trading as well as make it more accessible.
A widely followed crypto strategist thinks that a correction in one safe-haven asset will likely trigger risk-on behavior that could benefit altcoins. Analyst Michaël van de Poppe tells his 791,800 followers on the social media platform X that he’s keeping a close watch on gold’s price action, noting that the precious metal’s chart is the
The crypto arm of the French banking giant Societe Generale is launching a US dollar stablecoin on the Ethereum (ETH) and Solana (SOL) blockchains. In a new announcement, the Societe Generale-FORGE says it is launching the USD CoinVertible (USDCV), its second stablecoin after the 2023 launch of EUR CoinVertible (EURCV). Says Jean-Marc Stenger, CEO of
Institutional crypto investment vehicles enjoyed nearly $225 million in inflows last week, according to CoinShares. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that last week’s institutional crypto inflows, while positive, have fallen significantly in the last two weeks, perhaps due to uncertainty on US monetary policy. “Digital asset investment products saw US$224m
Coinbase has added the native altcoin of the top decentralized exchange (DEX) to its listing roadmap. Coinbase’s customers may soon be able to trade PancakeSwap (CAKE), the native asset of PancakeSwap, a DEX originally built on the BNB Chain. PancakeSwap has expanded to multiple blockchains and now leads all decentralized exchanges in trading volume, recording
Coinbase has added the native altcoin of the top decentralized exchange (DEX) to its listing roadmap. Coinbase’s customers may soon be able to trade PancakeSwap (CAKE), the native asset of PancakeSwap, a DEX originally built on the BNB Chain. PancakeSwap has expanded to multiple blockchains and now leads all decentralized exchanges in trading volume, recording