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Ethena’s Market Cap Surpasses $2.3 Billion, However Risks Identified
Ethena is a synthetic dollar protocol on Ethereum that issues the stablecoin USDe. The asset aims to be a censorship-resistant and scalable form of digital money pegged to the US dollar. On April 16, on-chain analytics firm CryptoQuant took a deep dive into the Ethena ecosystem revealing risks with the latest stablecoin, which has seen…
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Top Altcoins Suffer Biggest Losses as Bitcoin (BTC) Falls Below $60K (Market Analysis)
Bitcoin’s price took another sharp turn for the worse yesterday when it dropped below $60,000 for the first time in well over a month. Most altcoins are also deep in the red today, with names such as SOL, DOGE, and TON dumping by more than 5-6%. BTC’s Latest Nosedive It was less than a week…
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SHIB, DOGE, WIF Dive Amidst Widespread Market Drop
TL;DR The meme coin sector has seen a significant downturn, with its market cap shrinking by around 5% in the past 24 hours. Despite the downturn, the upcoming Bitcoin halving may trigger a rally, offering a potential rebound for meme coins due to their volatility and tendency to follow BTC’s price trends. The Meme Coin…
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Should Investors Consider Buying Polkadot (DOT) Amidst the Recent Market Crash? Insights from a Trader
TL;DR Polkadot (DOT) has dropped 22% in value over the past week. Despite this, some traders look at it as an opportunity right now. Analysts predict a significant rebound for the asset, with potential targets ranging from $20 this summer to near $47 next year. The Right Moment to Invest in DOT? Polkadot’s native token…
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Binance Prepares for Return to Indian Market after $2 Million Fine
Binance, previously banned by the Indian government, is poised to return after agreeing to pay a substantial fine of around $2 million. As per a report by ET, the largest cryptocurrency exchange in the world is gearing up to re-enter the Indian market under the oversight of the Financial Intelligence Unit (FIU) within the finance…
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Bitcoin Experiences Significant Fluctuations as Iran-Israel Tensions Escalate (Market Watch)
Bitcoin’s price has been heavily impacted by the developments on the Israel-Iran front, as the asset plummeted below $60,000 last night before it soared to $65,000 after the latter reportedly said there would be no retaliation soon. The altcoins experienced a similar roller-coaster, but most of them are currently in the green on a daily…
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Avraham Eisenberg Found Guilty by New York Jury in $110 Million Cryptocurrency Market Manipulation Trial
A federal jury has convicted crypto trader Avraham Eisenberg of fraud and market manipulation. The charges stemmed from Eisenberg’s exploitation of Mango Markets, a decentralized finance (DeFi) protocol built on the Solana blockchain. Eisenberg Convicted for Market Manipulation Eisenberg, 28, was found guilty by jurors in a federal court in Manhattan on charges of commodities…