Markets News
Dogecoin Copycat ‘TeddyDoge’ Drops 99.95% in $4.5 Million Rug Pull
The Dogecoin copycat, TeddyDoge (TEDDY), has lost over 99.95 percent of its value over the past few days after suffering what crypto securit...
ApeCoin Pumps Almost 50% on Release of ‘Otherside’ Metaverse Demo
A thrilling “first trip” into the gamified metaverse associated with the Bored Ape Yacht Club (BAYC) has boosted the price of Ap...
ETH Surges Close to 50% in a Week Amid Bullish Merge Announcement
The price of Ethereum (ETH) has surged almost 50 percent in the past week on the back of an announcement that the long-awaited Merge is tent...
Bitcoin HODL Activity Suggests the Bottom Could Be In: Glassnode
According to on-chain analysts Glassnode, there are growing signals that the bottom may be in. Most recently, the firm revealed that over 80...
Bitcoin Dips Below $19,000 Amid Highest US Inflation Print in 40 Years
Bitcoin briefly dipped below US$19,000 on July 13 following the announcement of a higher than expected Consumer Price Index figure in the US...
Adelaide-Based STEPN Announces $122 Million in Q2 Profits, Plans Buyback and Burn
On July 12, Adelaide-based move-to-earn platform STEPN announced a Q2 profit of US$122.5 million, which it says was generated through its pl...
‘Crema Finance’ Hacker Returns Funds, Receives $1.7 Million in SOL as Bounty
Solana-based liquidity protocol Crema Finance claims it has recovered most of the roughly US$9 million worth of assets stolen by a hacker on...
NFTs Hammered by Crypto Market Downturn, Sales Down 92% Since January High
NFT sales have hit a 12-month low amid the turmoil of the cryptocurrency market crash. Sales of NFTs totalled just over US$1 billion in June...
FTX Finalises Deal with BlockFi, Option to Buy for Up to $240 Million
Embattled crypto lender BlockFi has signed a deal with FTX US, the American arm of Sam Bankman-Fried’s crypto exchange, which will see FTX...
FTX Founder ‘SBF’ Warns Some Crypto Exchanges Are ‘Already Insolvent’
One of the richest men in crypto, 30-year-old FTX founder and CEO Sam Bankman-Fried (also known as SBF), has warned that some “third-t...
BTC Crashes Below 2017’s Previous All-Time High, Hitting $17,500
For the first time since December 2020, bitcoin dropped below US$20,000 as crypto markets tumbled this past weekend amid US$600 million bein...
Crypto Spiral Halted as US Fed Increases Rate for First Time in 28 Years
The US Federal Reserve (Fed) has raised interest rates by 75 basis points, the biggest rate hike since 1994, as part of an ongoing effort to...