Author: John Smith
To the outside world, the cryptocurrency ecosystem might seem like a separate cosmos, with Statista reporting that there are about 900 million identity-verified crypto wallets. It can occasionally be challenging to keep up with its abundance of jargon, memes, and slang. There are new terminologies emerging virtually every day, from NFTs to DeFi and now Web3. Degen is one of the terms you’ve most likely seen circulating. Despite its age, the term “degen” has gained fresh meaning in the crypto community. In this article we will discuss what is degen in crypto, meaning of DeFi degen, and more. What is…
US stocks wavered as tariff fears continued to weigh on the market. The U.S. made little progress on tariff negotiations. Fears over tariffs are still weighing on the market, which saw a correction after a slight jump in today’s trading. Stocks were trading sideways, with volatility significantly lower compared to last week’s ups and downs. On April 15, the S&P 500 was up 0.04% or 2.20 points from market open, reaching 5,408.17. The DOW Jones was down 16.43 points or 0.04%, trading at 40,508, while the tech-heavy Nasdaq was down 0.06% or 10.76 points, trading at 16,822.73. At the same…
Circle will deploy its stablecoin, cross-chain transfer protocol, and wallet on layer 1 blockchain Monad’s mainnet when it goes live. Circle and Monad Foundation have announced that USDC (USDC), the $60 billion stablecoin natively available on most blockchains in the crypto space, will go live on the Monad chain on day 1 of the mainnet. Monad, an L1 blockchain that aims to bring parallel execution to the Ethereum (ETH) Virtual Machine with 10,000 transactions per second, is currently in testnet. As well as the stablecoin, Circle plans to bring its CCTP v2 and Circle Wallets to the blockchain network’s developer…
Mantra, a popular real-world asset tokenization coin that collapsed by over 90% in 24 hours, bounced back after a statement by the founder and as investors bought the dip. Mantra (OM) price soared by over 50% on Tuesday, making it the best-performing top 100 coin by percentage point gains. It rose to an intraday high of $0.82 in a high-volume environment. Still, the coin remains significantly lower than its all-time high of $9.10. It would need to jump by over 1,000% from the current level to retest its record high. In a statement, JP Mullin, who we interviewed last week,…
Bitcoin remains under the spotlight as Anthony Pompliano, founder and CEO of Professional Capital Management, outlined a bullish long-term vision for the cryptocurrency in a recent CNBC interview. With Bitcoin (BTC) hovering around $85,000, following a recent dip to $76,000, Pompliano weighed in on Bitcoin’s place in the global financial landscape, comparing it to gold and hinting at major institutional and governmental developments ahead. Bitcoin has kicked off 2025 down roughly 10%, while gold is up 20%. But Pompliano was quick to point out a key trend: over a one-year horizon, both assets are up about 35%. This divergence, he…
Bitdeer Technologies Group plans to take advantage of a 90-day suspension of U.S. tariffs to ship mining rigs from Southeast Asia to the United States. According to Bloomberg, Bitdeer, a Bitcoin (BTC) mining company listed on Nasdaq and founded by crypto mogul Jihan Wu, is experiencing a decline in profitability and a slump in demand for Bitcoin mining hardware. As a result, the Singapore-based company is pivoting to self-mining rather than selling its machines to other operators. It will also begin U.S.-based manufacturing as a result of Trump’s tariff policies. “Our plan going forward is to prioritize our own self-mining,”…
Mantra’s collapse this week is raising questions about the project’s future, but also about the impending risks of low liquidity for other DeFi platforms. Analysts are still examining the Mantra (OM) collapse, which wiped out $5 billion of the token’s value. A recent report by Kaiko, published on Monday, April 14, examines the liquidity conditions that led to the crash. According to Kaiko, low liquidity, compounded by long liquidations, was likely one of the reasons behind the crash. A large price drop overwhelmed the markets, leading to a collapse in market depth from $290 million to just $473,000. Mantra hourly…
The U.S. dollar index remains under pressure as Donald Trump’s tariffs push investors to other currencies. The DXY index was trading at $99.95 on Tuesday, down by 9.20% from its highest level this year. It has also been hovering at its lowest point since July 2023, and a death cross it formed points to more downside in the coming months. The US dollar index could crash further More technical signals show that the U.S. dollar index has further downside potential. It has formed an inverse cup and shoulders pattern whose depth is about 9%. Measuring the same distance from the…
This week, many cryptocurrencies are going to be on the rise. Some cryptocurrencies that might be on the rise are SHIB, FXS, and TRX Shiba Inu (SHIB) Interest in the meme coin Shiba Inu (SHIB) spiked after a severe price correction in 2022 – after the correction, traders became interested and invested more. As a result, Shiba Inu, the 12th highest crypto coin by market cap, recently saw its price increase by 33.4%. This is due to a belief that the Ethereum blockchain will soon be upgraded with a merge upgrade which Vitalik Buterin has said is expected on September…
There are good traders to copy trades on almost all crypto copy trading platforms. However, some of these might be beginners with bad management skills and high-risk profiles, but some are excellent at their jobs. This article will help you identify the best copy traders on BYDFI and give you an in-depth analysis when searching for the best copy trader to follow. Summary (TL;DR) Copy trading enables individuals in the crypto market to automatically copy all the positions opened and managed by the trader they are following. BYDFI trading and crypto trading also provide a copy trading option. One of…