Ronin Network Recovers $10M ETH, USDC Still in Progress
Ethical hackers has helped recover the stolen ETH and Ronin network expects to retrieve the US dollar-tethered stablecoin USDC soon. A recent security compromise resulted in the theft of around ten million dollars’ worth of Ethereum (ETH), yet the Ronin Network was successful in recovering the stolen cryptocurrency. Ronin Network Recovers $10M ETH Currently, the […]
Starknet CEO Diego Oliva Steps Down
Diego Oliva, the first CEO is stepping down after successfully expanding the organization and launching key programs. A scalable solution for Ethereum’s Layer-2 Starknet is now going through a significant leadership shift, as the Starknet Foundation has recently announced that Diego Oliva, the company’s first CEO will be leaving the company. Diego Oliva, who has […]
Bitcoin Hits Extreme Fear on Aug. 5 with $168M ETF Outflow
This significant decline was triggered by Bitcoin and Ether’s sharp value drops and broader market turmoil. On August 5, US spot Bitcoin exchange-traded funds reported outflows of $168.4 million in trading, causing the Crypto Fear & Greed Index to just dip into the “Extreme Fear” zone for the first time in two years. Bitcoin Hits […]
US Recession Fears Ease as Services PMI Hits 51.4%
The Institute for Supply Management (ISM) reported that the U.S. Services Index rose to 51.4% in July. Recent increases in a few market indices have instilled renewed optimism in the discussion surrounding the US Recession, especially during the period when the stock market had been declining. To be more specific, the Institute for Supply Management […]
Bitcoin ETF Trading Volume Tops $1B Amid Crypto Crash
Due to the collapsing markets and an 8% decline in Bitcoin ETF prices, high trading activity of Bitcoin ETFs was responsible for this surge. Alex Thorn, head of research at Galaxy Digital claimed in a post on the X platform that trading volumes for Bitcoin exchange-traded funds (ETFs) jumped beyond $1 billion at the start […]