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“# ChainSwap announces compensation and ‘deep audit’ plan after $8M exploit ” Cross-chain asset bridge, ChainSwap, has announced a compensation plan for users after suffering an $8 million loss in its second exploit suffered this month. ChainSwap supports the Ethereum, Polygon and Binance Smart Chain networks. On July 10, the hacker exploited a vulnerability allowing…
“# Concern as Uniswap-backed ‘DeFi Education Fund’ dumps $10M worth of UNI ” The controversial Uniswap-funded DeFi Education Fund has liquidated half of its donated funding into stablecoins, attracting condemnation from many in the crypto community. On June 12, the fund tweeted that it was selling 500,000 UNI to Genesis Trading for 10.2 million USDC…
“# Bulls largely absent as Bitcoin price slips to the bottom of its range near $32K ” Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of…
“# Nonfungible tokens soar even as Bitcoin price drops close to $32,000 ” Today the wider cryptocurrency market finds itself looking for something to spark some momentum as Bitcoin (BTC) price dropped to $32,300 and altcoins sustained 2% to 5% losses. Data from Cointelegraph Markets Pro and TradingView shows that the top three performers over…
“# Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation ” As the pressures placed on the market by China’s cryptocurrency crackdown begin to subside and the Bitcoin (BTC) hashrate starts to show signs of recovery, traders are now focused on how the price will be affected by this week’s unlocking of more…
“# Price analysis 7/12: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC ” Bitcoin’s (BTC) roof has been shifting lower in the past few days, which is a negative sign because it shows that bears are selling on every minor rally. Bitcoin’s weakness is affecting the major altcoins as most are gradually drifting…
“# Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch ” Synthetix (SNX) prices reached a one-month high on Monday as traders looked for alternative upside bets against a mixed cryptocurrency market. Bids for SNX/USD achieved an intraday high of $13.76 during the Asia-Pacific trading session, following an approximately 25%…
“# Bitcoin price will see breakout ‘during this week’ says trader with $38K target ” Bitcoin (BTC) closed beneath a key moving average for the eighth week in a row this weekend, but one analyst is betting on an imminent breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin balances breakout with Grayscale worries Data…
“# Small Love Potion (SLP) price doubles as Axie Infinity user growth explodes ” Last week Axie Infinity’s AXS token went on an impressive parabolic run and hit a new all-time high at $19.60. Small Love Potion (SLP), a token in the Axie Infinity (AXS) ecosystem that is minted through gameplay as a reward to…
“# Top 5 cryptocurrencies to watch this week: BTC, LUNA, ATOM, CAKE, FTT ” Bitcoin (BTC) price is still range-bound and traders are searching for signs that may provide insight about the next directional move. Philip Swift, the creator of analytics resource LookIntoBitcoin, pointed out on July 9 that the Puell Multiple rebounded “out of…