Ethena USDe Tops $2.3B Market Cap But Risks Identified
Ethena is a synthetic dollar protocol on Ethereum that issues the stablecoin USDe. The asset…
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…
The search for lucrative altcoin investments is on, with the 2024 bull run fueling a surge of interest. Uncovering these opportunities requires insight into market trends and an understanding of what drives value in this dynamic field. This article dives into strategies to identify the altcoins that might lead the pack, offering a thorough analysis…
P2P.org, a leading non-custodial staking service, has unveiled a cutting-edge restaking product that leverages the SSV Network and EigenLayer technology. This innovative solution allows institutional clients to tap into a lucrative restaking APY while operating within a secure and highly decentralized ecosystem. The new restaking product merges SSV’s Distributed Validator Technology (DVT) with EigenLayer’s restaking…
Many investors expressed worries about the crypto market corrections during this cycle. Bitcoin’s price drop has dragged altcoins with them, and, as a result, a more pessimistic sentiment has started to brew among some sectors of the crypto community. Analysts and traders have reassured investors that the market fluctuations are a normal part of the…
The XRP locked in AMM pools on the XRPL ledger has surpassed 2.2 million, leading to speculation that it could lead to a supply shock in the Ripple ecosystem. After a bullish start, the AMM feature was hit by a bug earlier this month, leading to a mass exodus, but it has since recovered and…
The X account of famous actor Tom Holland, which has over 7 million followers, was recently hacked. The attackers used his platform to promote a fake cryptocurrency and NFT scheme. Fake ‘Spiderverse’ Partnership with Binance The compromised account was used to announce a partnership with the global crypto exchange Binance, supposedly launching “Spiderverse” tokens. A…
Technical analysis shows that Dogecoin (DOGE) may be set for an upside move after dropping to a major support level. This and other imminent bullish developments in the meme coin’s ecosystem suggest it may be the right time to invest in the crypto token. Time To Go Long On Dogecoin? Crypto analyst BitLuxe revealed in…
The crypto market is experiencing a remarkable shift with one contender poised to surpass the strong performance of a leading blockchain platform. As the bull run of 2024 unfolds, investors are eagerly searching for the next big performer. This particular blockchain has caught the attention of the market for its impressive capabilities and potential to…
BlackRock, the world’s largest asset management firm with over $10.5 trillion in assets under management, has unveiled a series of educational content aimed at explaining Bitcoin, the Bitcoin halving, and its implications, along with insights into its approved spot Bitcoin ETF. “April is packed with rare events this year, with eyes set on the upcoming…
The 2024 Bitcoin halving is only two days away, and there are already varying expectations of what might happen to the BTC price once the event is completed. One way to get an idea of how it could play out for the Bitcoin price, though, is through historical data and how the cryptocurrency has performed…