Crypto Market Faces Heavy Losses as Bulls Suffer Amid Price Declines

While the cryptocurrency market carries on its downward trend, significant losses are being suffered by the bulls, with some of the major players seriously impacted by the current market conditions. In the past 24 hours, we’ve seen an alarming amount of liquidations, particularly among traders who were long on a variety of high-profile assets. With … Read more

From $40 Million in Profits to a $2 Million Loss – The High Cost of Greed in Crypto

The market for cryptocurrencies is known for its volatility, but sometimes the most significant risk isn’t just the market swinging up or down—it’s the trader’s own refusal to take profits at the right time. Take this recent case, for instance: a trader was living large with what was supposed to be a $40.8 million profit. … Read more

The Risks of FOMO: Trader Loses $166K In Two Days Chasing Memecoins

A cautionary tale about the dangers of FOMO (Fear of Missing Out) has emerged, as one trader lost a staggering $166.2K in just two days by chasing hype around memecoins.   The trouble began yesterday when the trader FOMO-bought $QUANT, only to see its price drop shortly after. Frustrated by the loss, he sold his $QUANT … Read more

New Tokens On Binance See Sharp Declines In 2024, Reports HC Capital

According to HC Capital, a prominent crypto research platform, all newly listed tokens on Binance in 2024 have experienced significant declines from their all-time highs (ATH). These tokens span diverse sectors, including GameFi, AI, Layer 2, and Layer 3 technologies. The widespread downturn is attributed to several key factors: 1. Market Volatility: Initial hype and … Read more

DEGEN Ranks No.2 In Memecoin Metrics Despite Notable Value Decline

DEGEN has recently achieved an impressive ranking, securing the #2 spot across various on-chain metrics for memecoins. This includes trader numbers and transaction counts, placing DEGEN just behind the renowned Dogecoin (DOGE). This is particularly noteworthy given DEGEN’s market cap stands at a mere 0.79% of Dogecoin’s. Despite this achievement, DEGEN has seen a significant … Read more

Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March

According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three months. Crypto ATM Numbers Decline in 2023 According to data from Coin ATM Radar, … Read more

Bitgo Launches Storage and Tracking Solution for Bitcoin-Based Ordinal Inscriptions

On Thursday, digital asset custody provider, Bitgo, announced the launch of its storage and tracking solution for Bitcoin-based Ordinal inscriptions. Moreover, users can use Bitgo’s Ordinal inscription storage system to inscribe their own inscriptions onto the Bitcoin blockchain. Bitgo’s New Solution Allows for Safe Sending of Ordinal Inscriptions Bitgo has announced a new storage solution … Read more