The fall
The altcoin market has experienced a notable downturn as of Friday, April 12, 2023, with many altcoins losing a significant portion of their value up to 50% in some cases, especially the riskier ones like meme coins.. This can be seen in the widespread panic selling and the rapid decline in the market capitalization of many altcoins.
A hypothesis of what happened
The hypothesis: It’s difficult to determine whether this market…
Summary:
Telegram-associated cryptocurrency, TON (Toncoin), has surged into the top 10 cryptocurrencies by market capitalization.
The recent price surge followed the announcement that the TON wallet will be integrated into the Telegram messaging app, allowing users to directly buy, sell, and trade cryptocurrencies.
TON’s impressive gains have outpaced established networks like Solana, Tron, Polygon, and Litecoin.
Let’s explore…
A Manhattan jury has found Singapore-based Terraform Labs and its founder, Do Kwon, liable for civil fraud charges related to their stablecoin, TerraUSD.
The Securities and Exchange Commission (SEC) accused Terraform Labs and Kwon of misleading investors about the stability of TerraUSD and falsely claiming that Terraform’s blockchain was used in a popular Korean mobile payment app.
The collapse of TerraUSD in 2022 resulted in investors l…
Descripción general:
Pacmoon Airdrop es una iniciativa impulsada por la comunidad para Blast Layer 2, un proyecto de juego que tiene como objetivo brindar recompensas exclusivas a sus participantes. El lanzamiento aéreo está diseñado para atraer nuevos usuarios e incentivar a los existentes a interactuar con la plataforma.
Características clave:
Moneda comunitaria: Pacmoon es una moneda comunitaria de Blast Layer 2, que permite a los…
Summary:
Matt Hougan, CIO of Bitwise Asset Management, predicts a massive influx of capital into the cryptocurrency market.
He estimates $1 trillion could enter the space, dwarfing the current $12 billion invested through ETFs.
This bullish forecast suggests growing institutional interest and potential mainstream adoption of cryptocurrencies.
Matt Hougan, the Chief Investment Officer of Bitwise Asset Management, a leading digital…
