In the ever-evolving world of cryptocurrency, the stability and integrity of exchanges are paramount for maintaining user trust. OX.FUN, a crypto derivatives exchange associated with Su Zhu and Kyle Davies—the co-founders of the defunct Three Arrows Capital—has recently become embroiled in controversy. Accusations of financial misconduct and operational transparency have raised alarms, not just about
The cryptocurrency market has recently witnessed a tumultuous week, especially concerning Bitcoin, the leading digital asset. After enjoying a semblance of stability over the weekend, where Bitcoin held firm just below the $96,000 mark, the asset began to falter at the start of the business week. A series of price declines swiftly pushed Bitcoin to
Bitcoin’s recent price movement suggests that it is currently navigating a challenging landscape, having recently fallen below the important 100-day moving average, which is situated at $98,000. This dip indicates a shift in market sentiment, with the prospects of increased selling pressure looming. As Bitcoin approaches the critical support level of $95,000, traders are closely
Recent reports have unveiled troubling signals regarding the strength of the US economy, particularly highlighted by a dismal reading of the service-sector Purchasing Managers’ Index (PMI), which hit its lowest mark in over two years. This downturn raises essential questions about the overall health of economic activity. As we anticipate the release of crucial economic
In a bold move to reshape the stablecoin market, Reeve Collins, a co-founder of Tether, is set to launch a new decentralized stablecoin called USP. The introduction of USP, slated for the second half of 2025, is positioned to make waves in a sector currently dominated by industry titans like Tether (USDT) and Circle’s USDC.
Cardano (ADA) is facing a tumultuous period, trading around the $0.80 mark, a significant drop of over 40% from its December highs. This decline sets the stage for a critical analysis of its performance and future potential, especially in light of recent comments made by founder Charles Hoskinson. The cryptocurrency landscape is notoriously volatile, and
The financial markets have often been characterized by their unpredictable behavior, but the last six months have highlighted a particularly stark contrast between Bitcoin and gold. As Bitcoin (BTC) struggles to maintain momentum below the $100,000 mark, gold has defied expectations with a remarkable rally, nearing $3,000 per ounce, a milestone that could reshape investor
The cryptocurrency landscape is notoriously volatile, and recent developments have cast a shadow over Bitcoin exchange-traded funds (ETFs) in the United States. Once viewed as a promising investment vehicle for mainstream investors, the enthusiasm surrounding Bitcoin ETFs appears to have waned significantly. Data indicates that February 2025 has been a particularly bleak month for these
The cryptocurrency market is no stranger to volatility, but recent events have amplified concerns among investors. A significant incident that sent shockwaves through various altcoins, including Cardano (ADA), was the reported $1.4 billion hack of Bybit—a prominent cryptocurrency exchange. This unfortunate event triggered a heightened sense of fear and uncertainty among traders, leading to widespread
The cryptocurrency market has been characterized by intense fluctuations, particularly following the unprecedented hack at Bybit that occurred last Friday. The price of Bitcoin (BTC) has experienced significant swings, but as of now, it rests just above the $96,000 mark. This stability comes after a tumultuous few days where market sentiment was heavily influenced by