Chainlink’s LINK LINK$15.93 token extended its slide during Thursday, dropping nearly 5% over the past 24 hours and breaking below $14.50 as technical sellers overpowered buyers. LINK fell from $15.26 to $14.73 during the day, then continued lower, marking its weakest level since late October, CoinDesk data showed. The token underperformed the CoinDesk 5 Index,…
Stellar faced selling pressure during Tuesday’s session with XLM sliding from $0.2846 to $0.2812 as institutional distribution emerged at elevated levels. The token carved out a $0.0189 range, representing 6.7% volatility that signaled heightened trader uncertainty around current price levels. The breakdown accelerated at 14:00 when trading volume spiked to 76.24 million tokens—115% above the…
Dromos Labs, the core developer behind decentralized exchanges (DEX) Aerodrome on Base and Velodrome on Optimism, announced a major overhaul of its decentralized exchange infrastructure on Wednesday with the launch of Aero, a unified trading system that will replace and merge its existing platforms across both networks, as well as expand to other Ethereum chains….
Grayscale Investments filed an S-1 form to the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of its common stock. Grayscale noted that the number of shares to be registered and the proposed price range for the offering have not yet been determined. The company stated that the offering…
Federal Reserve rate cut odds for December have fallen to near coin toss levels, signaling rising uncertainty among investors ahead of the Dec. 10 meeting, according to data source CME’s FedWatch tool. Markets now price roughly a 52% chance of a 25 basis point cut, down sharply from 95% a month ago and 65% a…
The crypto market continued to establish fresh levels of support on Thursday, with bitcoin BTC$102,956.78 trading around $103,000 while ether ETH$3,504.10 rose less than 1% to $3,500. The average crypto relative strength index (RSI) remains in neutral territory while the Fear and Greed index is printing 25/100, indicating negative sentiment across the market. There was…
In a market characterized by choppy price action and uncertainty, large traders of major cryptocurrencies are quietly taking divergent paths. While bitcoin BTC$102,848.53 investors are bracing for volatility with non-directional option plays, some XRP$2.5121 traders are betting on the opposite, recent block trades on crypto options exchange Deribit show. Over the past week, strangles accounted…
Canary Capital is widening its bet on niche crypto assets with a new filing for an exchange-traded fund tied to MOG Coin, a cat-themed memecoin born from TikTok culture.The firm submitted a registration statement on Wednesday for the Canary MOG ETF, aiming to offer direct price exposure to MOG held by the trust, minus operating…
Decentralized derivatives platform Hyperliquid suffered a $4.9 million loss Wednesday after a carefully orchestrated manipulation of the POPCAT token, according to data shared by blockchain sleuth Lookonchain. The attacker withdrew $3 million in USDC from centralized exchange OKX, splitting it across 19 wallets to create a massive leveraged long position valued between $20 million and…
The heat is rising on digital asset treasuries in the Far East. Japan Exchange Group (JPX), which operates the Tokyo Stock Exchange, is considering measures to curb the growth of listed companies that hoard digital tokens as treasury assets, according to Bloomberg. The bourse is exploring actions such as stricter enforcement of backdoor listing rules…
