Uzbekistan, Kyrgyzstan and Kazakhstan Embrace Cryptocurrencies

featured 63780

Several Central Asian countries have taken steps to adopt cryptocurrencies in various ways. Uzbekistan, Kyrgyzstan and Kazakhstan are among the less visible former Soviet republics in this market, but they are now starting to appear on the radar of digital currencies. With certain advantages and new policies, these countries are trying to attract investors and … Read more

DxSale Exploit Drains $7.3M, Impacting 1,400+ Liquidity Providers

featured 1438315

More than 1,400 liquidity pools associated with legacy DxSale contracts on BNB Chain were drained in a $7.3 million exploit on May 29, security firms reported. The incident adds to a growing string of DeFi breaches this month, underscoring concerns that aging smart contracts and weak access controls continue to expose protocols to attackers. What … Read more

VET/USD Downtrend Finds Support at $0.05

featured 30969

VeChain Price Downtrend Slows Major resistance at $0.0866 VeChain currently trading in tight consolidation between $0.0456 and $0.0565 Based on recent price action, VET/USD has been in a downtrend over the past 24 hours. However, the price has turned positive today and is trading roughly +2% at the time of writing. Analysis reveals latent market … Read more

WLFI Holders Sell 1.8B Tokens in Massive Profit-Taking Event

featured 1437680

World Liberty Financial’s WLFI token recently reached a major milestone, recording its largest-ever realized profit event. On-chain analytics firm Santiment reported that 1.8 billion WLFI tokens tied to the Trump-linked project were sold at a profit on May 18. That surge in profitable sales occurred just weeks after WLFI plunged to an all-time low. WLFI … Read more

Tornado Cash Price Jumps 170% After Court Lifts Sanctions

featured 264097

The court overturns Tornado Cash sanctions. The ruling limits OFAC’s power over technical controls. TORN price jumps 170% to $21.34 after the decision. In a landmark ruling with the potential to reshape the regulatory landscape for cryptocurrencies, a U.S. appeals court in Texas has overturned the sanctions against Tornado Cash. The decision triggered a dramatic … Read more

Crypto Markets Lose $140B as Bitcoin Falls 7% Toward $65K

featured 1438662

Crypto markets plunged 4.9% — a staggering $140 billion wiped out in the past 24 hours — bringing total market capitalization down to $2.37 trillion, the lowest level since early April. In the same period, 265,000 traders were liquidated, with total liquidations reaching $1.63 billion, according to Coinglass. Roughly 89% of those liquidations were long … Read more

Trump Says Iran Is Collapsing, Wants Strait Reopened — Bitcoin Nervous

featured 1435645

US President Donald Trump posted on his social platform, Truth Social, that Iran has “just informed us” it has entered a “state of collapse.” He added that Iranian authorities want to reopen the Strait of Hormuz as soon as possible while they work to “figure out their leadership situation.” Donald Trump Statement on Truth Social … Read more

Pressure Could Push Ethereum (ETH) Down to $1,800

featured 40797

It’s hard to imagine that Ethereum (ETH) could fall below $2,000 right now. Yet, given current downside risks, that outcome is possible. Below we examine those risks in more detail, but first a few highlights: The biggest risk centers on the potential launch of Ethereum 2.0. If Ethereum 2.0 merges with the Beacon Chain, it … Read more

Filecoin (FIL) Price Analysis: Can FIL 4X in 2022?

featured 43440

Filecoin (FIL) is often hailed as one of the most promising projects poised to help reshape Web3. Many experts believe its potential is within reach, yet the token has struggled this year. Still, after a period of consolidation, a breakout could be approaching. Here are some key points to consider: Filecoin could potentially rise fourfold … Read more

Analyst Warns: Ethereum Faces Silent Crisis After 55% Drawdown

featured 1437707

Ethereum (ETH) has lost more than half of its peak value in nine months, and the buyers who typically cushion such declines have been largely absent. On-chain analyst Easy On Chain warns that the problem runs deeper than the price drop itself. In a market report published on May 21, the group highlighted a widening … Read more