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Axie Infinity (AXS) and Ethereum (ETH) are struggling, while Pomerdoge (POMD) is firm in the ongoing presale. Summary Concerns raised by PNP ACG about Axie Infinity’s high costs and potential risks in the play-to-earn model. Ethereum transaction fees drop due to layer-2 scaling solutions and proof-of-stake transition. Pomerdoge offers a new P2E approach, integrating
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In a recent legal win for Grayscale against the US Securities and Exchange Commission (SEC), Bitcoin (BTC) soared to $27,000. However, the
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“Current price action is marked by unusually low volatility, low levels of leverage and speculative activity,” Matthew Sigel, head of digital asset research at investment manager VanEck, said in an interview with CryptoX TV. “Falling volatility has been a trend for much of the past year despite the extreme events
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BTC's price fell to as low as $29,874, a 2.2% decline over the past 24 hours, according to CryptoX data. The decline led to a sudden sell-off in altcoin – short for alternative cryptocurrencies – markets, which suffered 5-10% drops from Tuesday, same time. Source
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The latest price moves in bitcoin (BTC) and crypto markets in context for June 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
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"The hype of meme coins is usually exciting, but often followed by a market crash, similar to what we saw with DOGE and SHIB two years ago,” said Youwei Yang, chief economist at publicly traded bitcoin mining company, BTCM. “The market correction for memecoins this week is largely due to
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Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank Credit
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On Wednesday, the SEC issued Coinbase a Wells notice, which informs businesses that it is planning future enforcement action against them. Coinbase said in a filing with the SEC that it believes any action "would relate to aspects of the company’s spot market, staking service Coinbase Earn, Coinbase Prime and
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On Tuesday, all four major U.S. benchmark stock indexes fell as real estate data showed home sales dropped by 0.7% last month and Russian President Vladimir Putin suspended the nuclear arms control treaty with the United States. Additionally, the chief U.S. equity strategist at Morgan Stanley said the stock market
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