AAVE Tumbles Below $210 as Crypto Market Nerves Mount Crypto markets took another hit today as AAVE, one of the leading DeFi lending protocols, saw its token price plunge below the key $210 mark. After days of holding steady, AAVE’s technical support finally gave way, sending the token spiraling down by more than 8%. This…
Chinese Court Sends Five to Jail for USDT Transfers—Highlighting Nation’s Strict Crypto Crackdown In a headline-making move, a Beijing court has sentenced five individuals to prison for using the popular stablecoin USDT (Tether) in a series of “illegal” transactions, according to reports from CCN. The group’s “crime”? Converting Chinese yuan (RMB) into USDT and then…
Dogecoin’s Price Takes a Hit as Traders Hold Their Breath Dogecoin, the infamous meme coin that’s become a household name in the world of crypto, has taken a sharp tumble, sliding 7.5% and falling below the critical $0.18 support level. After a year filled with bold predictions and sky-high expectations for a Q4 rally, Dogecoin’s…
Core Scientific Stock Pops After Shareholders Slam the Brakes on $9B CoreWeave Deal Core Scientific’s stock climbed nearly 5% after the company’s shareholders delivered a resounding “no” to the proposed $9 billion merger with CoreWeave. The vote, held Thursday, sent a clear message: investors are not on board with a takeover that has faced mounting…
Altcoin ETFs Launch on Canary Exchange, Met with Investor Apathy On October 28th, a fresh batch of exchange-traded funds (ETFs) representing hot altcoins like Litecoin (LTC), Hedera (HBAR), and Solana (SOL) made their grand entrance on the Canary Exchange. But instead of excitement and a rush of trades, the ETFs’ launches were eerily quiet. As…
The Hype That Wasn’t: Plasma’s XPL Token Tanks If you blinked, you might have missed Plasma’s XPL token’s meteoric rise and dramatic fall. Once touted as the next big “blockchain for stablecoins,” XPL soared to a high of $1.67 before plummeting to just $0.31. With the buzz all but gone and network activity at a…
Crypto Markets Braced for Fed’s Next Move as Bitcoin and Altcoins Face Key Trend Test Bitcoin traders are on edge as the crypto market rides a wild wave of volatility. Bitcoin (BTC) recently saw a rush of swing traders cashing out profits, while bearish investors ramped up fresh short positions after BTC failed to hold…
Why Yen Stablecoins Are Gaining Popularity in Asia The rise of stablecoins pegged to established currencies is hardly news for crypto fans. But lately, the spotlight in Asia has turned to yen-based stablecoins. At first glance, a digital token tied to the Japanese yen (JPY) might not sound as flashy as Bitcoin. So what’s the…
Why the Yen Stablecoin is Making Waves in the Crypto World Let’s cut through the hype: while most Asian currencies are boxed in by strict capital controls, the Japanese yen glides across borders with surprising ease. This unique freedom, combined with Japan’s famously “easy money” policies, has made the yen a darling for global traders…
Ondo Finance Pushes Wall Street Closer to Blockchain with BNB Chain Move The worlds of traditional finance and blockchain tech are colliding faster than ever before. Ondo Finance, a trailblazer in the tokenization game, just announced it’s expanding its tokenized U.S. stocks offering to the BNB Chain, making it easier than ever for everyday investors…
