Tag: Crypto
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Why Is Solana (SOL) Price Falling Today?
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SOL Price Declines Amid Growing Concerns Over Network Activity Solana (SOL) is one of the worst-performing cryptocurrencies in the past 24 hours, dropping by 6.80% to $180.80 on 17 February. This decline comes as the broader crypto market experiences losses of 1.72%, with various factors contributing to Solana’s underperformance. Key reasons behind SOL’s price drop…
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Pantera Capital Founder Under Tax Investigation Over $850M Crypto Profits
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Dan Morehead Faces Scrutiny Over Puerto Rico Tax Exemptions Dan Morehead, founder and managing partner of cryptocurrency investment firm Pantera Capital, is reportedly under investigation for potential violations of federal tax laws following his relocation to Puerto Rico, a well-known tax haven. The US Senate Finance Committee (SFC) has requested details on more than $850…
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Crypto Today’s Top News – Token Headline
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Libra Token Crashes After $107M Insider Rug Pull A cryptocurrency linked to Argentine President Javier Milei has collapsed following an alleged insider rug pull, wiping out 94% of its value within hours. Libra (LIBRA) initially surged to a market capitalisation of $4.56 billion on 14 February before plummeting to $257 million just 11 hours later.…
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Crypto market capitalization reaches a critical, indicating a potential 8000x surge for Floki’s opponent.
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The cryptocurrency market is buzzing with excitement as the total market cap breaks a critical resistance level, signaling a potential surge in altcoin investments. While established projects continue to attract attention, one standout competitor to Floki is gaining momentum – Lightchain AI. With its presale raising $10.6 million and a unique focus on innovation, Lightchain…
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XRP Surges as ETF Approval Odds Hit 80%
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XRP has seen a strong bullish rally, gaining for four consecutive days and reaching a monthly high of $2.78. This marks a 50% increase from February’s lows as investor confidence grows in a potential spot XRP ETF approval. ETF Hopes Drive Market Optimism The Polymarket prediction market, which has recorded $37,000 in volume, now places…
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Ethereum Foundation Deploys $120M to DeFi Platforms, Earning Community Praise
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The Ethereum Foundation has allocated $120 million worth of Ether (ETH) to decentralised finance (DeFi) protocols, marking a significant shift in its financial strategy. The move, which saw 45,000 ETH deployed across Aave, Spark, and Compound, has been widely welcomed by the community, particularly as it reduces the need for the foundation to sell ETH…
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Bitcoin Falls Below $95K as US Inflation Exceeds Expectations
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Bitcoin and the wider cryptocurrency market turned red on 12 February as new US inflation data came in higher than anticipated, raising concerns over macroeconomic pressures on digital assets. Bitcoin Reacts to Inflation Data Bitcoin (BTC) briefly dropped below $95,000 after the release of the US Consumer Price Index (CPI) report, which showed annual inflation…
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Ethereum Plans to Upgrade the Pectra Mainnet by March 2025
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Ethereum devs have begun preparations for the awaited Pectra mainnet upgrade, which is now scheduled for March 2025. Originally scheduled for late 2024, this upgrade was delayed because of added features and scope. The upgrade is designed to increase the efficiency and user experience of the Ethereum network almost ninefold. Early key milestones are already on the table.…
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Bitcoin Price Prediction: Is a Massive $150K Rally Just Around the Corner?
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In the last 24 hours, the Bitcoin market has seen a growth of 2.1%. Renowned crypto analyst James Check states that there is a lot of resemblance between the price action of the current cycle and that of the 2016 to 2017 cycle. Moreover, he predicts that the market could reach a top of $150,000…
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Solana DEX Volume Surges Past $60M, Extending Lead Over Ethereum
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Solana is strengthening its position as the top blockchain for decentralized exchange (DEX) trading, outperforming Ethereum for the fourth consecutive month. The latest data from DeFiLlama reveals that Solana-based DEXs have recorded over $60 million in trading volume this month, nearly double Ethereum’s $34 million. Solana Outpaces Ethereum in DEX Trading Since October, Solana has…