Markets


Markets

Cardano’s ADA Jumps Amid Recovery in Major Cryptos; Traders Remain Cautious

Prices of major cryptocurrencies were up as much as 16% on Wednesday after nearly a week of downslide.

LUNA hit resistance at $58. (TradingView)

Technology

‘Web3Memes’ Rugs $235K From Investors Five Hours After Issuance: PeckShield

Developers behind the meme coin moved 625 BNB in rugged funds via privacy tool Tornado Cash this morning.

rug, bazaar

Markets

Foundation Focused on UST Stablecoin Raises $1B in LUNA Sale

The fresh funding will go toward a new reserve to help strengthen the peg for the UST stablecoin.

Terraform Labs CEO Do Kwon on CoinDesk TV in December.

Markets

Bitcoin Downtrend Persists; Support at $30K

BTC is 43% off its all-time high near $69K, and upside appears limited.

Bitcoin daily price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Finance

Tether Slashes Commercial Paper Holdings by 21%

The largest stablecoin issuer by total supply released its latest attestation report on Tuesday.

USDT is the largest stablecoin by total supply. (DrawKit Illustrations/Unsplash)

Markets

SAND Token, Below 200-Day MA, Joins Broader Crypto Market in Gloomy Outlook

SAND has dropped below its 200-day average for the first time since July.

Its gloom and doom in crypto markets with major coins trading under the 200-day average. (Source: Pixabay)

Markets

Bitcoin in Stasis Near $37K, Gold Extends Gains as Russia Starts Ukraine Invasion

In tense situations, investors prefer gold and oil than riskier assets like stocks and crypto.

Bitcoin trades back and forth near $37K (Source: CoinDesk, Highcharts.com)

Markets

Bitcoin Stabilizes After Dipping to 2-Week Low of $37K

The cryptocurrency last traded at $37,000 two weeks ago, on Feb. 4.

Bitcoin briefly dipped below $37,300, according to CoinDesk data.

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