Pro traders turn into bears after Ethereum price dropped to $3,200

After a 42% rally over a three-week period, Ether (ETH) peaked at $3,580 on April 3 and since then, a 12% correction to $3,140 has taken place. Tech giants launching their own smart contract platforms and regulatory uncertainty might have impacted investors’ sentiment and derivatives metrics also show worsening conditions that confirm professional traders’ shift […]

All-Time Best-Selling Rapper Just Dropped US$462,000 On a Bored Ape NFT

In early 2022, Eminem, the 49-year old rapper, spent close to $462,000 to purchase a non-fungible token (NFT) of Bored Ape Yacht Club. He also bought the NFT that resembles him for 123.45 Ethereum, changing his Twitter avatar to a photograph of his “NFT self.” Put simply, an NFT is a form of digital art […]

Why Bitcoin Suddenly Dropped 6% on Thursday

The week-long calm in the bitcoin market ended with a sudden $800 price drop on Thursday. The over-6% drop saw the top cryptocurrency by market value register its biggest single-day decline in two weeks, according to CoinDesk’s Bitcoin Price Index. Prices briefly hit lows near $9,100, a level last seen on May 27. There’s three […]

Someone Just Anonymously Dropped an ETH 2.0 Scaling Solution On Medium

As the world awaits Ethereum (ETH) 2.0 staking implementation, someone operating under the pseudonym “heyheeyheeey” posted a Medium article with a solution based on the protocol.   The concept is a “design for an ETH2 staking solution on top of Argent, that is fast and simple to use so that users with less time, knowledge or […]

After Spiking to February 2018 Levels, Bitcoin Fees Have Dropped 54%

After spiking a week ago to levels last seen in February 2018, the average Bitcoin (BTC) transaction fee has fallen by more than half. BitInfoCharts data shows that Bitcoin’s average fee decreased by nearly 54% from $6.65 on May 20 to $3.07 on May 25. The median — or most common —  fee peaked at […]