Cross-chain Protocol Multichain Suffers 30% Slump Following Upgrade Delay
The cross-chain router protocol, Multichain (MULTI), experienced a significant price drop on May 24, plunging 30% within a 24-hour window to settle at $4.97 per token at the point of reporting. This...
View ArticlePEPE Cryptocurrency Plummets 65% as Major Holders Cash Out
In early May, Pepecoin (PEPE), a digital asset inspired by the well-known internet meme Pepe the Frog, boasted a market capitalization of $1.8 billion. Fast-forward two weeks, and PEPE’s market cap has...
View ArticleAnticipation Builds as $587M OP Tokens Expected to be Unleashed Today
Today is an important day for the Optimism (OP) token market. Over 386 million OP tokens, equivalent to a market value of $587 million, are poised to be released from their initial vesting stage. This...
View ArticleUSDT Peg Deviation Due to Curve Pool Disproportion Stirs Up Market Anxiety
The leading stablecoin Tether (USDT), experienced a minor deviation from its United States dollar peg on June 15, caused by an overbalance in the Curve’s 3pool. The USDT value dropped by approximately...
View ArticleBankrupt FTX Exchange Moves $10M in Digital Assets, Raising Concerns of...
The FTX crypto exchange, currently in bankruptcy, has initiated a transfer of $10 million in cryptocurrencies from the Solana blockchain to the Ethereum network, raising apprehensions that this could...
View ArticleSolana Experiences 6% Downturn Amid FTX Liquidation Concerns
Solana’s value has declined over 6% in the past day. This is mainly due to the looming anxiety surrounding the potential liquidation of substantial cryptocurrency by the financially troubled crypto...
View ArticleFriend.tech Revives from Decline: TVL Skyrockets to $20M in Just Days
The decentralized social network Friend.tech, recently experienced a dramatic rise in its total value locked (TVL), reaching a notable $20 million, having doubled in just four days. Merely two weeks...
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