Bitcoin Miners Sold All Their May Harvest – Data Shows
For Bitcoin miners, production costs have now overtaken profits, making it difficult for them to continue their business model. Bitcoin (BTC) mining profitability has suffered from the crypto market crash that caused miners to liquidate their BTC holdings. In the first week of June, the cryptocurrency market entered a sell-off period, with the majority of […]
Solana Whale Transfers $25 Million Of USDC Debt From Solend To Mango Markets
As a result of the change, the Solend platform will utilize less USDC and users will be able to withdraw their funds once again. The Solana (SOL) whale, which was threatened by a recent Solend governance decision, has contacted the lending protocol and transferred $25 million in USD Coin (USDC) debt to Mango Markets. Solend […]
Crypto Influencers Allegedly Use Conspiracies To Con QAnon Followers
Two influencers are believed to have profited from pump-and-dump schemes by combining conspiracy theories, hatred of existing institutions, and a belief in cryptocurrency. Two QAnon-affiliated conspiracy theorist influencers allegedly caused millions of dollars in losses to their followers by executing a cryptocurrency pump-and-dump scheme. To generate hype and enhance the price of the portfolio, the […]
USDC’s Real Volume Topples Tether On Ethereum Network
USDT’s supremacy on the Ethereum network may be coming to an end, as USDC’s real-time volume has nearly doubled that of USDT in the last 24 hours. USDC is challenging Tether’s USDT for the title of best stablecoin in crypto after its daily real volume’ on the Ethereum network doubled on Tuesday. Circle’s USDC had […]
Bitcoin Faces Resistance At 200-Week Moving Average
Crypto experts opine that Bitcoin (BTC) would have to topple the $22,500 for a chance in the reclamation of the 200-week moving average as support. Following a dramatic drop last weekend, the Bitcoin (BTC) price has surged beyond $20,000. BTC encountered resistance on Tuesday as it sought to break through $21,500 and has subsequently retraced. […]