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Author: James Wilson
Bubblemaps is up 40%, buyoed by potential listing on Binance spot and recent listing on OKXFUN. As of Mar. 17, Bubblemaps (BMT) has surged 40% in the past 24 hours, with its trading volume reaching $51 million—an increase of 188%. Most of this rally occurred in the last few hours, with the price rising from around $0.085 to $0.14. However, it has since retraced to $0.13 at the time of writing, according to CoinMarketCap. Today’s surge follows a steep drop right after the token launch, likely driven by profit-taking from airdrop claimants. The price hit an all-time high of $0.1684…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP’s dominance in blockchain payments is facing fresh competition as Remittix gains attention for its fee-free, real-time transactions. XRP remains arguably the most talked-about cryptocurrency with a number of analysts predicting a potential breakthrough in 2025. Despite XRP having been at the vanguard of blockchain-based payments for decades now, competition is building and contenders are emerging in the payments sector. Some of such emerging projects include Remittix (RTX), designed for fee-free, near-instant crypto-fiat payments. With XRP likely to receive…
As Bitcoin nears $100,000, market watchers anticipate short-term consolidation, though the asset’s uptrend is likely to continue. Bitcoin (BTC) price returning to $100,000 could prompt “short-term consolidation,” analysts warn, though the long-term outlook for the cryptocurrency remains positive. While key psychological levels often lead to profit-taking, analysts point to gold’s rise to new all-time highs as a sign of growing momentum for alternative assets. Analysts at Matrixport noted that the shift in sentiment that began in the summer of 2023, when gold broke above $2,000, has boosted the outlook for Bitcoin since it has increasingly been seen as a form…
A whale is being ‘hunted down’ for short positioning over 5,400 BTC with 40x leverage
A whale on Hyperliquid has gone viral for starting a short position for around $450 million worth of Bitcoin. There is now an active ‘man-hunt’ to stop the perpetrator in its tracks. According to data on Hypurrscan, on Mar. 17 at 6:30 AM UTC, the whale just closed two positions through Time-Weighted Average Price or TWAP for a combined 208 BTC (BTC) at a price of $83,392. The total worth of both transactions is equal to more than $18 million. At 4:30 AM UTC, the anonymous trader added $7.5 million in collateral to their Bitcoin short position to avoid being…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lightchain AI, a $0.006 crypto blending AI and blockchain, is gaining traction after raising over $17.3 million in its presale. Traders who missed Pi Coin’s massive gains are now checking out this $0.006 crypto for a second chance to profit big. Lightchain AI, having already raised over $17.3 million at its presale price, is quickly gaining momentum in the crypto market. With its unique combination of AI and blockchain technology, Lightchain AI could take over the market in 2025.…
Crypto traders brace for over $428m in token unlocks this week, including SOL, WLD, and OM
The crypto market is bracing for major token unlocks over the next seven days, which could lead to more volatility ahead. According to data from Tokenomist, the crypto space will see a little over $428 million in token unlocks between Mar. 18 and 24. Tokenomist has indicated the upcoming token unlock schedule, which will include a mix of cliff unlocks and linear releases. Cliff unlocks will involve large, one-time token releases, while linear unlocks will gradually distribute tokens over the week. Notably, the most significant token unlock will be Polyhedra Network (ZKJ), which is set to release 15.53 million ZKJ…
FalconX, a top prime broker for digital assets, and StoneX, a global financial services company, have completed the first-ever block trade of CME Group’s recently introduced Solana futures. According to a Mar. 16 press statement, this CME SOL futures transaction demonstrates the rising demand for regulated digital asset investments like Solana (SOL), while further solidifying FalconX’s position as one of the industry leaders in institutional cryptocurrency trading. CME Group, the world’s largest derivatives exchange, launched SOL futures on Feb. 28 to give investors a way to trade Solana’s price movements without holding the asset. These futures are cash-settled and come in…
Blockchain game developer Immutable says 2024 outlook improved after reporting $50m loss
Following a $50 million loss in 2023, blockchain game developer Immutable claims its 2024 performance has rebounded, with revenue exceeding $110 million. Blockchain game developer Immutable, best known for titles like Gods Unchained and Guild of Guardians, has reportedly improved its performance after reporting a $50 million loss for 2023, the Australian Financial Review reports, citing the firm’s recent filings. Immutable’s financial results for 2023 showed a big loss, which the firm blames on a tough crypto market, global regulations, and high marketing costs. Still, the blockchain game developer is optimistic about its future. In a commentary for the Australian…
South Korea has no plans to incorporate Bitcoin in its foreign exchange reserves, according to the country’s central bank. On Mar. 16, local media outlet Yonhap reported that officials from the Bank of Korea ruled out adding Bitcoin (BTC) to its foreign exchange reserves in response to a written inquiry from Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee. The central bank cited Bitcoin’s high volatility as a major concern, warning that “transaction costs to cash out Bitcoins could rise drastically” if the crypto market experiences instability. Officials also pointed out that Bitcoin does not meet the…
Following the discovery of an attempted attack by North Korea’s Lazarus Group, OKX has temporarily suspended its decentralized exchange aggregator service. The exchange made the announcement on Mar.17, citing security issues and the need to fix incomplete tagging on blockchain explorers. According to their official statement, the suspension will allow OKX DEX aggregator to roll out new security measures to prevent further misuse. “Recently, we detected a coordinated effort by Lazarus Group to misuse our DeFi services. At the same time, we’ve noticed an increase in competitive attacks aiming to undermine our work,” OKX stated in its blog post. The…