Author: John Smith
AAVE tanked on Monday as tensions escalated around a governance proposal calling for token holders to take direct ownership of Aave’s core brand assets. Summary A back-and-forth over who controls Aave’s name, website, and social media channels has erupted into a full-blown governance clash. As a result, the decentralized lending protocol’s token dipped by double digits, exposing a deeper fault line in how DAOs govern assets that live off-chain. Earlier, a whale sold 230,350 AAVE worth about $37.6M, pushing price down near $162. The debate was triggered by a forum post from Ernesto Boado, co-founder of BGD Labs, who argued…
Jiuzi Holdings is deepening its digital assets presence, announcing a partnership with Exsat Network, a core organization within the EOS crypto ecosystem, to build a global cryptocurrency custody business that could scale to $3 billion. Summary Jiuzi partnered with Exsat, part of the EOS ecosystem, to build a global cryptocurrency custody business that could scale to $3 billion. The venture targets regulated, institutional-grade crypto storage and related services such as settlement and yield products. The deal positions Jiuzi deeper in digital assets as institutional demand grows and could boost its profile—and valuation—in the crypto market. Under the agreement, the two…
WLFI price struggles below key resistance as bullish volume fades, increasing the risk of a bearish rotation back toward the $0.13 support zone. Summary WLFI fails to reclaim the Point of Control and Fibonacci resistance. Recent upside move lacks strong volume confirmation. Downside rotation risk remains toward the $0.13 support. WLFI (WLFI) price is showing signs of near-term weakness as price action struggles to reclaim a critical resistance region. Despite a recent bounce, the recovery has occurred on declining volume, raising concerns about the sustainability of the move. With price failing to regain acceptance above key technical levels, the probability…
A crypto crash could be imminent as Bitcoin forms a risky pattern, gold prices jump to a record high, and Apollo Management warns of market turmoil. Summary Bitcoin price has formed a rising wedge pattern on the weekly chart. Apollo Global, a $908 billion company, expects turbulence in the market. Gold and the Swiss franc have soared to a record high. One of the potential signs of turmoil in the financial market is the ongoing gold price surge. Gold jumped to a record high of $4,438, much higher than the year-to-date low of $2,500. This surge helped to propel silver…
The Shiba Inu Coin price was flat on Monday, Dec. 22, and hovered near its lowest level since October 2023. Summary Shiba Inu price has formed a large falling wedge chart pattern on the daily chart. The token’s burn rate jumped by 133% on Monday to 7.2 million. The supply of SHIB tokens has continued to fall over the past few months. Shiba Inu (SHIB), the second-biggest meme coin in the crypto industry, was trading at $0.0000073, down by nearly 80% from its highest point in 2024. SHIB token has dropped recently despite having some notable catalysts. For example, data…
Dogecoin price forms an inverse head-and-shoulders pattern near $0.13, suggesting downside exhaustion as bulls attempt to reclaim key resistance for a potential recovery rally. Summary Inverse head and shoulders forms around the $0.13 support zone. Price must reclaim the neckline and Point of Control with volume. Breakout could open a move toward the $0.15 resistance. Dogecoin (DOGE) price is showing early signs of a potential trend reversal after forming an inverse head-and-shoulders pattern near the $0.13 level. This structure has emerged following an extended downtrend, a context in which inverse head-and-shoulders patterns often carry greater technical significance. While confirmation is still required,…
Neo’s ‘Grouchy, Grinchy, Grumpy AI Christmas’ game lets users pay 0.5 GAS to quiz a lying, rude AI, crowd‑solve a mystery gift and share a growing 200+ GAS prize pool. Summary Neo’s web game at xmas.neo.org uses SpoonOS AI that lies, misdirects or insults players, who must decode responses to identify a stolen mystery gift. Daily question limits scale with a wallet’s Neo N3 activity, and users must play on at least three days to submit a final guess; Ledger wallets are excluded. Each participant pays a 0.5 GAS entry fee that tops up a base 200 GAS pool, which…
Bitcoin price hovered near the $89,000 mark on Monday, as demand for its spot exchange-traded funds continued to fade. Summary Bitcoin ETFs recorded nearly 4500 million in outflows over the past week. BTC price chart hints at a prolonged bearish trend ahead. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $497.05 million in net outflows over the past week, between Dec. 15 and Dec. 19. BlackRock’s IBIT saw the strongest outflows with $240.3 million exiting the fund. Bitwise’s BITB and ARK 21Shares’ ARKB followed with net outflows of $115.1 million and $100.7 million, respectively. VanEck’s HODL and…
A user lost nearly $50m in a stablecoin address poisoning scam after copying a fake address, as U.S. senators push the SAFE Crypto Act to tackle rising crypto fraud. Summary A stablecoin user sent 49,999,950 tokens to a poisoned address copied from transaction history after an initial test transfer to the correct recipient. Address poisoning scams plant near‑identical wallet addresses in history, exploiting copy‑paste habits rather than protocol bugs or smart contract exploits. The bipartisan SAFE Crypto Act would create a federal task force linking agencies, law enforcement and industry to detect and disrupt crypto fraud schemes. A cryptocurrency user…
Ethereum price appears to be consolidating after months of leverage exited the market, easing pressure without yet pointing to a clear direction. Summary Ethereum open interest has fallen about 50% since August, showing widespread position closures by large traders. Binance taker sell volume has dropped to its lowest level since May, pointing to softer sell-side urgency. The chart shows sideways movement below key resistance, with buyers cautious and sellers less aggressive. Ethereum is trading in a calmer market environment after a sharp reduction in leverage, with data showing that open interest across major exchanges has fallen since August. According to…