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Introduction The investing world has changed, and there are now a variety of methods to put your hard-earned money to work in the hopes of earning high-end returns. With most good projects rising in value, the potential for big gains is high.  Every day, new tokens arise with remarkable features and astonishing investment prospects in the cryptocurrency world, thus all prospective tokens must keep up to speed on market dynamics and progress.  Mushe Token (XMU) is one such token with a… Source link

The next big crypto crash could be around the corner due to Lido Staked Ether (stETH), a liquid token from the Lido protocol that is supposed to be 100% pegged by Ethereum’s native token, Ether (ETH). Notably, the stETH peg could drop against ETH by 50% in the coming weeks, raising the risk of a “DeFi contagion” as Ethereum moves toward proof-of-stake (PoS), argues popular Bitcoin investor and independent analyst Brad Mills. Over 1M Ether liability risks default In detail, investors… Source link

In brief The Layer 2 scaling solution provider failed to sync its Optimism address to an Ethereum address before a large transfer. The stolen OP tokens were valued at $35 million at the time of the hack, with 19 million tokens still missing. Optimism may have a good reason to be pessimistic. The company behind the Ethereum scaling protocol announced today that in preparing to launch a native OP token for the Optimism Collective DAO, it accidentally sent 20 million tokens to the wrong… Source link

Five major South Korean exchanges announced their intentions to delist Litecoin (LTC). The cryptocurrency recently implemented an update to improve its privacy and scalability features. Related Reading | Litecoin Reveals Rollout Date For MimbleWimble, Will LTC See Relief? As a result, Upbit, Bithumb, Korbit, Gopax, and Coinone will stop offering to their customers. The update has made Litecoin incompatible with South Korean regulations. In the official delisting announcement posted by… Source link

June is important for two reasons for the crypto market. Firstly it marks the end of the second quarter, and secondly, the end of June will also mark the arrival of the Merge. The highly anticipated event is expected to be a turning point for Ethereum [ETH] and maybe for the ones investing in the token as well. It’s up and up for ETH Probably not, but the transition to Proof-of-Stake (PoS) is definitely expected to help Ethereum recover from its recent losses. Apart from… Source link

“The market is still dealing with the crypto-specific fallout from the implosion of the Terra ecosystem,” they wrote. “Strong tailwinds such as new fund raises, progress on the Ethereum Merge, deeper institutional acceptance and continued application growth could shift sentiment in the other direction, highlighting crypto’s relative youth, growth potential and technology angle.” Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The recent market-wide drawdowns helped Litecoin [LTC] sellers to pull the alt toward its 19-month support in the $61-zone. Thus, it quickly plunged below its trendline resistance while witnessing a bearish pennant breakdown on the daily chart. A potential close below the immediate support could heighten the chances of a $57-$59 range retest…. Source link

On June 8 the Ethereum network successfully underwent the merge to become proof-of-stake on its Ropsten testnet, but the news had little impact on ETH price.  With the Ropsten upgrade now looking more like a buy the rumor, sell the news type of event, most analysts have kept a short-term bearish outlook for Ether price. Let’s take a look. ETH/USDT 1-day chart. Source: TradingView Can Ether escape the head and shoulders pattern? Twitter analyst, “Cactus”pointed out a bearish head and… Source link

Litecoin will be delisted on Bithumb and Upbit, two South Korean Crypto exchanges, over modifications made to the coin that enable greater privacy when conducting transactions. In their notices regarding Litecoin, Bithumb and Upbit stated they were shutting down market support for the 20th-largest cryptocurrency by market capitalization because its newly activated Mimblewimble Extension Blocks (MWEB) network upgrade conflicts with South Korean anti-money laundering (AML) regulation. Upbit… Source link