As the crypto market gears up for a pivotal week, all eyes are on the upcoming release of crucial economic indicators. Investors are eagerly awaiting the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) data, set to shed light on inflation trends. Meanwhile, amid growing concerns over potential rate cuts by the Federal […]

The jury held Terraform Labs and Do Kwon liable for fraud, ruling in favor of the U.S. Securities and Exchange Commission (SEC) in the U.S. civil case. However, Terraform and executives are disappointed with the verdict and considering options and next steps believing that the SEC doesn’t even have the legal authority to bring this […]

Marc Zeller, the founder of the Aave Chan Initiative, has expressed a possible vote for the activation of a ‘fee switch’ on the Aave DeFi (Decentralized Finance) platform. Zeller’s post on X pointed to some beliefs that it may affect how the DAO of Aave utilizes its annual net profits of about $60 million to […]

Pro XRP advocate John Deaton has openly expressed his aversion to Senator Elizabeth Warren’s taxation plans. At present John Deaton has a lot of support from the XRP community given his commitment and enthusiasm for bringing a well-known face of the crypto industry into politics. Deaton’s recent election fundraising campaign was also backed by cryptocurrencies […]

Several pro-crypto organizations have come forward in support of Roman Storm, a developer of the Ethereum privacy protocol Tornado Cash. Storm, arrested in August, faces charges related to his involvement with the platform. Last week, he sought to dismiss the charges, arguing against the government’s portrayal of Tornado Cash and blockchain technology. Roman Semenov, another […]

Coinbase Layer-2 scaling solution Base has outperformed the likes of Arbitrum and Ethereum in terms of the volume of daily transactions. Base Transaction Spike According to L2Beat data, Base’s 30-day transaction count is at 45.21 million, Arbitrum One at 38.58 million, and Ethereum at 37.93 million. Noteworthy, Arbitrum Nova has the highest 30-day transaction count […]

Bitcoin Price: The largest cryptocurrency market cap, Bitcoin, has been trading sideways for over a month evidenced by the two converging trendlines. The daily chart shows this consolidation as the formation of a pennant pattern— a chart setup that leads to temporary correction to regain strength for the next leap. Should you enter this dip? […]

British Secretary of State for Science, Innovation and Technology Michelle Donelan stated that the United States is relying on the UK’s Artificial Intelligence (AI) expertise considering that the latter is more advanced in the field. Artificial Intelligence Safety Pursuit Formalized  As reported by The Telegraph, Donelan was in Washington DC earlier this week to sign […]

The volatility of Bitcoin continues to cause upsets in related industries like mining and other crypto stocks. Bitcoin mining stocks have plunged in the last 24 hours extending days in the red zone before the market recorded sell-offs.   Like other crypto stocks, mining stocks are influenced by market movements, macroeconomic factors, and industry events […]

Polygon Price: The recent market correction took a notable toll on the layer 2 scalability platform, Polygon (Matic). From the mid-March peak of $1.29, the coin price plunged with a V-top reversal and lost 30% in value to reach $0.89. A look at the daily chart shows this correction as the formation of an inverted […]