Solana

Terra (LUNA) Slumps 11%, Why Are Top Altcoins Tumbling?

Terra (LUNA) led a rout in altcoins on Saturday as worsening sentiment saw investors lock-in recent gains in the market. Most major altcoins also saw sharp losses for the week. LUNA fell 11% to an over one-week low of $94.13. It was trading nearly 27% below a record high hit earlier in the week, and was down nearly 13% over the past seven days. Most other altcoins, including Cardano (ADA), Solana (SOL) and Ripple (XRP) shed between 3% to 10%. A...

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Mozilla Foundation Brings Back Crypto Donations, but Leaves out Bitcoin ($BTC) and Other Cryptos

The Mozilla Foundation, a non-profit organization that oversees the Mozilla Corporation, which is behind a number of internet-related applications including the popular Firefox web browser, is resuming cryptocurrency donations, but is leaving out numerous cryptos including Bitcoin ($BTC). According to an announcement from the Mozilla Foundation, it started...

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What Is ETH? Defining Ethereum’s Scarce Asset

Key Takeaways

While the Ethereum network is known for the crucial role it plays in the cryptocurrency ecosystem, ETH the asset is harder to define. ETH has previously been described as a "triple-point asset" and "ultra sound money" in Ethereum circles due to its utility and scarcity. Former BitMEX CEO Arthur Hayes argues that ETH will be valued like a bond when Ethereum completes the Merge to Proof-of-Stake.

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From a “triple-point asset” to “ultra sound money,” Crypto Briefing...

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Celo Posts 22.7% Rally on $20M Fund Launch

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Celo is outpacing most other assets in the market. 

Celo Hits Three-Month High 

Celo, the Layer 1 blockchain focused on “mobile-first” DeFi, is soaring. The CELO token is up 22.7% today and briefly hit a 12-week high of $5.22. It’s since cooled off, trading at $4.87 at press time.  Per data from CoinGecko, CELO has jumped 68.8% in the last 14 days amid a new wave of momentum in the market. Although it’s still around 50% off its August 2021 high,...

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Solana, Terra Look Set to Retrace Before Higher Highs

Key Takeaways

Solana has soared over the past two weeks.  Terra has also gained market value over the same period.  SOL and LUNA appear ready to pull back as sell signals appear.

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Solana and Terra could be bound for retracements as the technicals suggest both tokens sit in overbought territory.

Solana Flips Terra

Solana and Terra look ready to retrace.In the past two weeks, SOL and LUNA have outperformed most of the market after posting double-digit rallies.Solana has reclaimed the title of...

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Terra (LUNA) Total Value Locked Soars To $31 Billion

Terra’s TVL surges 17% within 7 days to hit $31 Billion. The Terra (LUNA) decentralized finance (DeFi) ecosystem has been a hub of activity recently. In the last seven days, the total value locked (TVL) of Terra’s DeFi ecosystem surged 17% to reach a new all-time high of a whopping $31 billion.

Terra plays for all-round DeFi dominance

Per data from DefiLlama, Terra ranks as the second-largest blockchain by TVL and now accounts for around 11.88%, behind only Ethereum. Img Source: DefiLama Individually,...

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Ripple Co-Founder Wants Bitcoin to Switch To Proof-of-Stake

Ripple Co-Founder (as well as its former CEO) Chris Larsen, who is currently Executive Chairman of Ripple’s board of directors, is backing a new campaign to transition Bitcoin from proof-of-work (PoW) network to proof-of-stake.  According to a report by Bloomberg, Larsen, alongside several climate activist groups including Greenpeace,...

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How cryptos managed ‘value-based’ investor interest amid global FUD

Different headwinds across the globe have seriously affected digital assets directly or indirectly. These includes everything from inflation concerns, EU anti-crypto amendments to government bans. Whatever the reason be, investors want to reduce their exposure to risky assets.

Want this, not that 

This year, the price swings in January and February have led to investor perceptions swinging back, favoring large caps such as Bitcoin and Ethereum. A leading crypto asset manager, CoinShares, highlighted this scenario in a 29 March report.  According to the...

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Millions Drained From Ethereum DeFi Protocol Inverse Finance

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Another day, another DeFi hack. Inverse Finance is the latest Ethereum protocol to suffer a multi-million dollar exploit. 

Inverse Finance Suffers Multi-Million Dollar Hack 

Ethereum’s DeFi ecosystem has suffered another major hack. Inverse Finance, a stablecoin protocol that focuses on capital efficient yield generation, was drained in an exploit early Saturday. PeckShield, one of the crypto industry’s top security analytics companies, alerted the Inverse team to the hack on Twitter minutes after the exploit occurred.  PeckShield

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