Solana, the fifth-largest cryptocurrency by market capitalization, has recently entered a technical bear market following a broader sell-off in the crypto space, triggered by a hawkish Federal Reserve decision. The price of Solana has fallen to important psychological support levels, including the $200 mark, raising concerns among traders. However, technical indicators suggest that the cryptocurrency […]

The recent crash in the cryptocurrency market, which saw Bitcoin and other major digital assets experience significant losses, can be attributed to two primary factors that impacted investor sentiment and market behavior. These factors are tied to both external economic decisions and natural market cycles, contributing to the sharp decline in crypto prices. Federal Reserve’s […]

Marathon Holdings, a prominent Bitcoin infrastructure firm, has made a substantial acquisition of Bitcoin worth $1.5 billion. The company purchased 15,574 BTC for an estimated $1.53 billion, financed through the proceeds of a 0% convertible note offering, which raised nearly $2 billion between November and December. According to a filing with the Securities and Exchange […]

Hut 8, a major Bitcoin mining company, has recently made a significant move by acquiring an additional 990 Bitcoin for $100 million, pushing its total Bitcoin reserve to 10,096 BTC. This acquisition brings Hut 8’s Bitcoin holdings to a valuation of over $1 billion, solidifying its position as one of the largest corporate Bitcoin holders […]

According to a report by TK Research, over 72% of holders of the newly launched PENGU token, the native token of the Pudgy Penguins NFT collection, sold or moved all of their tokens immediately after its release. The token, launched on December 17, quickly gained attention, listing on major exchanges like Binance and OKX. However, […]

Binance’s latest Global User Survey, which included over 27,000 respondents from various regions including Asia, Australia, Europe, Africa, and Latin America, revealed significant insights into the evolving trends within the cryptocurrency market. One of the most notable findings from the survey is that nearly half of Binance’s users (45%) joined the cryptocurrency market in 2024, […]

Bitcoin’s recent price surge has caused a significant uptick in the price of mining equipment, particularly in Shenzhen’s Huaqiangbei district, known as a global hub for crypto hardware. According to a report by Wen Wei Po, the price of the Antminer S21 335T, a popular mining device, has increased by 30%, rising from $3,836.19 (approximately […]

Jerome Powell, the Chairman of the U.S. Federal Reserve, once again reiterated the central bank’s stance on Bitcoin, firmly stating that the Federal Reserve is legally prohibited from owning Bitcoin or holding a Bitcoin reserve. His comments were made during a press conference after the Federal Open Market Committee (FOMC) meeting, where the Fed announced […]

Solana’s decentralized applications (DApps) have reached a new milestone in revenue generation, driven largely by meme coin-related activities. According to research by Syndica, Solana’s native DApps generated a record-breaking $365 million in revenue during November 2024, marking the highest monthly revenue for the blockchain to date. The majority of this revenue—84%—came from Solana’s decentralized finance […]

Plume, a modular layer-1 blockchain focused on revolutionizing the finance sector for real-world assets (RWA), has successfully secured $20 million in its Series A funding round. This funding comes from a group of well-known venture capital firms that are heavily involved in blockchain and cryptocurrency sectors, including Brevan Howard Digital, Haun Ventures, and Galaxy Ventures. […]