Trend Digest – Your Reliable Guide to Cryptocurrency News
Get the Latest Trends, Updates, and Expert Analysis on Cryptocurrency and Blockchain Technology
Mantle price has printed a double-digit gain amid ecosystem development. The protocol said it plans to add new key ecosystem components to drive growth. Projected components include Enhanced Index Fund, MantleX, and AI agents. Mantle Network’s native token MNT is in the spotlight after recording huge price gains. This current price rally comes after the…
Despite the Dencun upgrade, which lowered transaction fees for layer-2 networks, Ethereum’s revenue marked a 3% increase compared to 2023. Tron witnessed a 116.7% increase in fee earnings, reaching $2.15 billion, while Solana saw an extraordinary 2,838% surge, amid meme coin craze. Ethereum earned $1.17 billion in Q1 2024, its highest quarterly earnings in two…
Litecoin consolidates at $118, forming an inverted head-and-shoulder pattern with a neckline at $138. Breakout targets extend to $165 and $208, with $150 as a key psychological resistance level. Large transaction volume on the Litecoin network surged by 100%, peaking at $10.35 billion. Strong EMA alignment and positive RSI trend bolster the recovery rally potential….
One of the CFTC commissioners, Caroline Pham, has been named as the acting CFTC Chair, as per sources. CFTC Chair Rostin Behnam is stepping down today and February 7th will be his last day at CFTC. Pham has led several digital asset initiatives, including establishing a Digital Asset Markets subcommittee. A Great Record CFTC Chair…
Arthur Hayes predicts Bitcoin may drop to $70,000-$75,000 before surging to $250,000 by 2025’s end, citing central bank policies and $TRUMP meme coin volatility. US Treasury debt reaches $36.22 trillion; Hayes warns of a crisis if 10-year yields hit 5-6%, risking financial instability. Tightened global monetary policies from the US, Japan, and China could cut…
Following MiCA’s rollout, major crypto exchanges like Crypto.com and Coinbase have delisted USDT and other tokens. While USDT faces challenges in Europe, Circle’s USDC has gained traction due to its MiCA compliance. Tether acknowledges the MiCA regulatory framework’s role in supporting growth but emphasizes the complexity and risks it presents for EU-licensed stablecoins. USDT stablecoin…
Cybercriminals continue their assault on the crypto industry, with Phemex now in the crosshairs. The attack involved multiple blockchain networks, highlighting vulnerabilities across the entire ecosystem. Crypto hacks have surged 21% from last year, according to blockchain analysis firm Chainalysis with North Korean hacking groups responsible for $1.3 billion of the stolen funds. Cybercriminals have…
Vitalik Buterin believes political tokens can drive bribery. Experts flag the liquidity imbalance around these memecoins. TRUMP and MELANIA serve as the best example to showcase this faulty wealth distribution. Ethereum co-founder Vitalik Buterin believes the advent of political tokens may be a medium to populate bribery. He voiced this opinion during a wider discussion…
Partnership with SonarX enables development of sophisticated crypto indexes using fundamental factors beyond market capitalization. Move reflects broader institutional adoption trend, with crypto ETFs attracting over $120 billion in managed assets. Strategic expansion aligns with increasing institutional demand for comprehensive cryptocurrency data and analysis tools. FTSE Russell, which is backed by the London Stock Exchange…
Hive Digital is acquiring Bitfarms’ 200 MW Yguazu mining facility in Paraguay for $85 million. It aims to reach 25 EH/s by Q3 2025, capturing 3% of the global Bitcoin mining network. Bitfarms will reinvest the proceeds to expand its US operations with a 1 GW growth target. Hive Digital Technologies has announced plans to…