Markets News
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...
Rare On-Chain Metric Demonstrates We’re in the ‘Darkest Phase of the Bear’
In its latest report, on-chain analytics firm Glassnode indicates that after closing negative for 10 out of the prior 11 weeks, Bitcoin has ...
BlockFi and Crypto.com to Shed 400+ Jobs Amid Crypto Rout
Lending platform BlockFi and major cryptocurrency exchange Crypto.com are set to cut more than 400 jobs between them in the wake of this wee...
Tron to Deploy $2 Billion to Stabilise Broken USDD Stablecoin Peg
Tron blockchain founder Justin Sun has declared that US$2 billion will be deployed to “fight” investors shorting Tron’s native cur...
Crypto Markets Shed $100 Billion Amid Highest US CPI Print in 40 Years
Bitcoin and other cryptocurrencies took a major tumble this past weekend, accelerating into the week, following the release of the latest of...
Ethereum Transaction Volume Down 80% Amid Decreasing NFT Interest
Crypto analytics firm IntoTheBlock reports that Ethereum transaction volume is down 80 percent from the same period last year, due in large ...
STEPN’s Move-to-Earn GMT Token Tanks 40% After China Ban
The Solana-based move-to-earn game STEPN saw its governance token GMT plunge almost 40 percent in 24 hours, according to CoinGecko, followin...
Bitcoin Enters Record 8th Week in the Red
To the disappointment of investors, Bitcoin has logged its eighth red candle, setting a record for the currency. According to data graphed b...
Crypto Retail Investors Drop to 24% of Volume, Indicator Still Showing ‘Extreme Fear’
Retail investors are deserting the crypto market, with just over three-quarters of Q1 2022 trading volume at Coinbase coming from institutio...
DEX Token (IDEX) Pumps 150% on Launch of Decentralised Perpetual Swaps
The native token of the IDEX decentralised exchange (IDEX) has seen significant gains this week, pumping over 150 percent following the anno...
Robinhood Announces Web3 Wallet to Rival MetaMask
Robinhood is diving into the world of Web3 with the announcement of a non-custodial wallet, allowing customers to access NFTs, decentralised...
Fantom Stablecoin ‘DEI’ Loses Dollar Peg, Sinking 35%
Following on from the collapse of TerraUSD (UST), the Fantom-based algorithmic stablecoin DEI has also lost its dollar peg, plummeting 35 pe...