Crypto Push

2023-10-25 16:30:24 If this is true, PancakeSwap’s price might decline soon

PancakeSwap’s bull rally to end soon?
According to CoinMarketCap, CAKE’s price has surged by more than 8% over the last seven days. The price uptick also helped the token improve its Altrank.

PancakeSwap excels other areas
Regardless of the above concerning metrics, the PancakeSwap network boasted of v2 achievements on multiple chains. As per a 24 October tweet, its volume broke the $2 billion mark on BNB Chain and $400 million on Arbitrum. Open / Comment

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2023-10-22 16:00:19 Will Dogecoin’s ‘Uptober’ make a late showing?

Leftovers yet to be picked
Martinez, in his post on X (formerly Twitter), noted that DOGE may not be able to hit $1 as projected in some corners. Furthermore, he mentioned that the Tom DeMark (TD) sequential presented a buy signal that could push the meme to $0.070.

Caution laced with dogma
However, a section of the market seems to be wary of Dogecoin’s movement, as indicated by the Weighted Sentiment. Over the last seven days, DOGE’s Weighted Sentiment fell to -0.629. Open / Comment

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2023-10-18 16:00:54 Platypus Finance recovers 90% of stolen assets after security breach

DeFi Protocol bounces back with hacker’s return of funds
Following this latest attack, Platypus Finance swiftly acted by suspending all liquidity pools and launching a comprehensive security audit.

Hacker negotiations on the rise
Hacked exchanges are now lately reverting to striking a deal with the hackers instead of turning to law enforcement. Huobi Global’s crypto exchange recovered $8 million in stolen Ethereum [ETH] after negotiations with the hacker. Open / Comment

2023-10-13 17:31:07 Questions rise as Justin Sun-linked HTX’s activities remain shrouded in mystery

Wash trading at HTX?
Earlier in July, the crypto industry witnessed the launch of the controversial but hugely popular Worldcoin [WLD]. HTX, then Huobi, was among the first to list the coin and open it for trading.

Inorganic jump in market share
Interestingly, around the time of WLD’s launch, HTX’s market share spiked from 4% to almost 20%. This was despite the fact that none of the other major exchanges saw a similar surge in volume.

Increase in USDT depegs
Another anomaly spotted with HTX was the high number of stablecoin Tether [USDT] depegs. According to the report, the depegs were a result of intense selling of USDT in favor of another stablecoin USD Coin. Open / Comment

2023-10-10 21:01:12 Israel and Binance join forces to freeze crypto accounts linked to Hamas

Cracking down on terror financing
Hamas’s venture into the world of crypto fundraising dates back to February 2019 when they first sought digital donations as a means to circumvent international sanctions. In May 2022, Israeli authorities had already taken action against nearly 190 crypto accounts on Binance. Additionally, many of these belonged to Palestinian firms linked to Hamas.

Israel-Palestine turns into a Warzone
On 7 October. Palestinian militant groups, primarily led by Hamas, initiated a significant invasion of Israel from the Gaza Strip, termed “Operation al-Aqsa Flood.” Israel responded with a formal declaration of war, launching “Operation Iron Swords.” The conflict began with rocket attacks, border breaches, and incursions into Israel, resulting in casualties and hostage situations. Israel retaliated with airstrikes in Gaza, leading to civilian casualties and displacements. Open / Comment

2023-10-07 19:30:15 Is Shiba Inu on the verge of a breakout

Has the dog got its “woof” back?
In timing local bottoms, the Age Consumed metric has proven effective. This metric tracks the number of tokens changing addresses on a certain date, multiplied by the time since they last moved.

Weak hands are in
Another on-chain metric that suggested that SHIB logged a price bottom on 5 October was its Network Profit and Loss (NPL) metric.

Demand for SHIB remains low
Among spot traders, SHIB’s daily distribution exceeds accumulation. As of this writing, key momentum indicators were pegged below their respective neutral lines. For example, the coin’s Relative Strength Index (RSI) was 43.70, while its Money Flow Index (MFI) was 37.28. Open / Comment

2023-10-04 23:20:05 Friend tech crosses $50 mln in TVL – Here’s why the move matters

State of Friend tech
According to data from Dune Analytics, Friend tech has a cumulative user count of 315,858 that have at least completed one trade on the decentralized social network since it went live on Base on 10 August.

New demand craters?
While Friend tech has enjoyed increased adoption since it went live in August, it has yet to attract new users in the last month. Open / Comment