Author: WebDesk

As we continue to wait patiently for the bull market to resume, the market has been in a sideways trend for the last two months. Bitcoin remains in a holding pattern, while altcoins are slowly bleeding down. With Trump’s tariffs keeping investors on edge, the crypto world still continues to evolve with new developments, including a significant PENGU burn. Let’s dive into the latest news. 1) PENGU Burn: Price Dips After $150 Million Solana Token Burn In a surprising move, Pudgy Penguins decided to expedite the burn of their PENGU tokens on Solana. The project originally planned to allow claims…

Berachain’s (BERA) mainnet launch has made headlines – with BERA defying early expectations after hitting the open market. But while all eyes are on BERA’s breakout, another project is gaining traction under the radar: Solaxy (SOLX). This new Layer-2 solution for Solana has raised over $18.5 million in its ICO. Berachain Launches Mainnet as Proof-of-Liquidity […] Credit: Source link

In a latest development, Bitcoin (BTC) ended a three-day decline after U.S. job growth for January fell short of expectations. Notably, the cryptocurrency rose above $100,000 for the first time since Feb. 4, following a report from the Bureau of Labor Statistics showing the economy added 143,000 jobs in January, below the forecast of 170,000 and down from 256,000 in December.Unemployment Rate Drops to 4%, Wage Growth Surpasses ExpectationsThe unemployment rate fell to 4%, better than the expected 4.1%, and matched December’s rate. Additionally, average hourly earnings increased by 0.5%, exceeding the expected 0.3%.Grayscale’s Head of Research Zach Pandl noted…

The OG meme cryptocurrency Dogecoin (DOGE) has emerged as one of the most popular assets this year. From garnering endorsements from the world’s richest man to climbing up the cryptocurrency ladder, DOGE has seen it all. Despite all the adoration that the meme coin gets, the asset has failed to reach the $1 mark. This, however, did not stop investors from becoming millionaires.Also Read: Citi Predicts Gold Prices Could Hit $3,000 in 3 MonthsAnalyzing Dogecoin’s Current MarketSource: BitpandaDogecoin entered the market as a mere meme. But its price growth was no joke. The asset has grown by 44982.41% since its…

Dubai, United Arab Emirates, February 7th, 2025, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest weekly crypto derivatives report in collaboration with Block Scholes, providing a retrospective of the past week’s panic sell-off and analysis of options price movements. The broad retreat mirrored equities markets, leaving an estimated $10 billion-sized hole in open interest after a high-flying Friday in the 24/7 crypto markets. BTC stood out in the bloodbath as the only mainstream token maintaining positive funding rates. Meanwhile, ETH endured heightened turbulence, with sustained options market inversion suggesting continued downward pressure ahead. Key Insights:…

Join Our Telegram channel to stay up to date on breaking news coverage Michael Winkelmann, a non-fungible token digital artist known professionally as “Beeple,” has found himself on the edge of a copyright lawsuit after using someone else Bored Ape Yacht Club non-fungible token without permission. Last year,  the NFT artist risked another lawsuit after illicitly tweeting about Chill Guy, a controversial meme coin anonymously created on the Solana blockchain network. Beeple Tweets About Bored Ape NFT #8636 In a February 7 blog post, Beeple, through his daily artwork challenge, published a hideous image featuring Pauly and Diddy, the United…

Wouldn’t it be great if we had one all-encompassing metric to guide our Bitcoin investing decisions? That’s precisely what has been created, the Bitcoin Everything Indicator. Recently added to Bitcoin Magazine Pro, this indicator aims to consolidate multiple metrics into a single framework, making Bitcoin analysis and investment decision-making more streamlined. For a more in-depth look into this topic, check out a recent YouTube video here: The Official Bitcoin EVERYTHING IndicatorWhy We Need a Comprehensive IndicatorInvestors and analysts typically rely on various metrics, such as on-chain data, technical analysis, and derivative charts. However, focusing too much on one aspect can lead…

Several firms have been either entering the cryptocurrency market or rolling out their own assets into the industry. Prominent messaging platform, Telegram’s Toncoin (TON) did not really catch the community’s eye during its launch. However, the asset has now opened up a new chapter and was been rallying since 2024. While the cryptocurrency market has slowed down as a whole, TON investors were hoping to pocket some gains in February.Also Read: Analyst Predicts a Major Bull Run For Dogecoin & FLOKIToncoin Moves SidewaysSource – Asia CryptoThroughout the past seven days, Toncoin recorded a drop of over 20%. The asset went…

Over the past three weeks, the meme coin market cap has lost over $44 billion, down to $75 billion at press time. Over the past three weeks, the meme coin market has lost over $44 billion, as noted by crypto analyst CryptOpus in a recent post on X. The current meme coin market cap stands at approximately $75 billion, down from over $110 billion in late Dec. 2024. This downturn comes after a year of unprecedented growth, where meme coins outperformed all other crypto asset classes, surging from a $20 billion valuation in Jan. 2024 to $120 billion by Dec.,…

Want more? Connect with NFT PlazasJoin the Weekly NewsletterJoin our TelegramFollow us on XLike us on Facebook*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.Blockchain enthusiast and lifelong gamer. Credit: Source link