XLM Crashes Through Support as Volume Doubles in 24 Hours

Stellar’s native token XLM faced intense pressure over the past 24 hours, plunging from a session high of $0.398 to a low of $0.380. The 5% swing unfolded amid heavy sell-side activity, with the most dramatic capitulation striking on Aug. 25 at 19:00 UTC, when prices tumbled from $0.393 to $0.387. That move coincided with…

James Wynn Liquidated on 10x DOGE bet, as he prepares to ‘go max long’

Crypto millionaire James Wynn said the August market downturn was ending, even after his latest memecoin liquidation by an alleged market maker “cabal.” Wynn was liquidated on his recent 10x leveraged long position that was betting on a Dogecoin (DOGE) price appreciation, losing $22,627, according to blockchain data platform Onchain Lens’ Monday X post. That…

James Wynn Liquidated on 10x DOGE bet, as he prepares to ‘go max long’

Crypto millionaire James Wynn said the August market downturn was ending, even after his latest memecoin liquidation by an alleged market maker “cabal.” Wynn was liquidated on his recent 10x leveraged long position that was betting on a Dogecoin (DOGE) price appreciation, losing $22,627, according to blockchain data platform Onchain Lens’ Monday X post. That…

CertiK predicts ‘endless war’ with hackers after $2.5B stolen

Despite the crypto industry’s ongoing cybersecurity efforts, protocols are engaged in an endless war with cryptocurrency hackers, who continue to attack the weakest link in crypto protocols, which is often a human behavioral element. The industry is engaged in unfair warfare with bad actors, who only need a single point of vulnerability to exploit a…

Blue-Chip NFTs Tumble as ETH Retreats From All-Time Highs

Blue-chip non-fungible token (NFT) collections had steep weekly declines as Ether pulled back from all-time highs.  Data from decentralized finance aggregator DefiLlama showed that top projects saw their floor prices sink by double digits in the last seven days. Blue-chip NFT collections like Pudgy Penguins, Bored Ape Yacht Club (BAYC) and Doodles were among the…

Bitpanda Rules Out London IPO, Eyes Frankfurt or New York

Crypto exchange Bitpanda turned away from London’s public markets, citing weak liquidity on the London Stock Exchange (LSE) as a key factor in its decision. Eric Demuth, co-founder of the Vienna-based crypto exchange, told the Financial Times that while Bitpanda was actively evaluating a public listing, “it will not be in London.” Instead, the firm…

Ether Price Enters ‘Belief Zone’ Following $5K All-Time Highs

Key takeaways: Ether’s long-term holder net unrealized profit/loss indicator suggests the price has entered the “belief” phase. The market value to realized value suggests ETH is undervalued, with room to run toward $5,500. Ether’s rounded bottom pattern targets $12,100. Ether (ETH) price has rallied more than 240% since April to set a record high above…

Altcoin Season May Hinge On More Crypto ETFs: Analysts

Altcoins may not see a broad, outsized rally until the approval of crypto ETFs that give investors exposure further down the risk curve, according to analysts from Bitfinex. Crypto market participants have eagerly awaited an altcoin market rally, or “altseason,” as Bitcoin (BTC) dominance dipped 6% over the past 30 days. Bitcoin dominance stood at…

Altcoin Season May Hinge On More Crypto ETFs: Analysts

Altcoins may not see a broad, outsized rally until the approval of crypto ETFs that give investors exposure further down the risk curve, according to analysts from Bitfinex. Crypto market participants have eagerly awaited an altcoin market rally, or “altseason,” as Bitcoin (BTC) dominance dipped 6% over the past 30 days. Bitcoin dominance stands at…

Tim Draper Says Altcoins Could Help Bitcoin Evolve and Dominate

Venture capitalist and founding partner of Draper Associates, Tim Draper, says altcoins could ultimately make Bitcoin better by acting as testing grounds for upgrades.   During an interview on CNBC’s Squawk Box on Monday, Draper said there will also be “many other cryptocurrencies,” created over time, which will help grow Bitcoin’s (BTC) dominance.  “Competition is good…