<p>After experiencing a bearish trend on April 17, 2023, that dropped the asset to a low <a href= "https://www.coingecko.com/en/coins/cosmos-hub/historical_data#panel" rel="nofollow">of $10.12 from $12.88</a>, Cosmos (ATOM) has managed to recover slightly.</p> <p>Between February 8 and May 17, ATOM witnessed a significant decline of 32.89%, reaching a low point of $10.175 on May 9. The current month has, however, brought a surge in demand for Cosmos (ATOM), leading to a remarkable price performance. </p> <h2>Whats Ahead For Cosmos (ATOM)?</h2> <p>According to data, ATOM experienced a substantial price decline, reaching $10.73, a <a href= "https://coinmarketcap.com/currencies/cosmos/" rel="nofollow">0.95% decrease</a> within the last 24-hour trading period.</p> <p>Related Reading: <a href= "https://www.newsbtc.com/news/will-dogecoin-doge-break-free-from-limbo-market-awaits-bullish-catalyst/?swcfpc=1"> Will Dogecoin (DOGE) Break Free From Limbo? Market Awaits Bullish Catalyst</a></p> <p>Notably, the 24-hour trading volume is up by 9.04%, rising to $85 million, indicating that the market activities around ATOM are increasing. More buyers and sellers are actively participating in trading ATOM. </p> <p>Also, an increase of more than 9% signifies potential price volatility, which might influence the price of ATOM. But the current market sentiment of ATOM is bearish as its <a href= "https://cfgi.io/atom-fear-greed-index/" rel="nofollow">Fear and Greed Index</a> shows 28, fear. </p> <p>This indicates a potential downtrend as investors and traders fear entering the market. This may also lead to high sell pressure from the investors. Based on the Fear & Greed Index reading, the market may likely experience some price correction if the bears maintain this momentum in the coming days.

Cosmos (ATOM) Technical Analysis

The 200-day and 50-day Simple Moving Averages (SMAs) currently exceed the ATOM/USDT trading pair price. This indicates that the market is on a bearish trend in longer and shorter timeframes.

Also, this means that the selling momentum is stronger than the buying. However, if the bulls increase the buying pressure, some price changes might occur in a few days.

The Relative Strength Index shows 44.91, meaning theres market indecision between buyers and sellers. The market in a neutral zone indicates low pressure from buyers and sellers.</p> ...

Florida Gov. Ron DeSantis explains state's CBDC "ban." (CoinDesk screen grab from governor's office video)

Web3 developer platform Airstack raises more than $7 million (Pixabay)

Cast aside short-term BTC price weakness to focus on the bigger investment trend, says on-chain analyst Philip Swift.

Cypherpunk Jameson Lopp highlights the need for easier-to-use, improved self-custody solutions and more on-ramp avenues to drive Bitcoin adoption.

Polkadot (DOT) may not have experienced the most exuberant price fluctuations in recent weeks, but the tides could soon shift as the networks unwavering optimism translates into the success of its upcoming developments. 

In a recent Twitter post, Polkadot unveiled its weekly roundup, shedding light on the significant advancements within its ecosystem that hold the potential to transform the current bearish sentiment.

While the market may have been subdued in recent times, Polkadots unwavering commitment to innovation and progress sets the stage for a potential turnaround.

1/ Every Monday the #PolkadotRoundup brings you the very latest from the Polkadot ecosystem.

This weeks is ready for you now. Read on for the key news and announcements from the many talented teams building in the Polkadot ecosystem. pic.twitter.com/dLiK5Rm2rF

Polkadot (@Polkadot) May 15, 2023

The weekly roundup serves as a testament to the ongoing efforts and achievements within the Polkadot ecosystem, offering a glimpse into the developments that could reignite investor enthusiasm.

Polkadot Highlights Integrations of the Week

In a new development for Polkadots NFT ecosystem, Astar Network has announced its collaboration with JR Kyushu, the largest rail network in Japan. Through this partnership, NFTs on Astar Network will offer unique memorabilia and proof of riding certificates to the 330 million individuals who ride the railway annually. 

The largest rail network in Japan, J.R. Kyushu, in partnering with P.R.O. Co. Ltd is a game-changer for NFT adoption in Japan! With 330 Million people riding the railway annually, the project can potentially reach massive adoption!

Read more below!https://t.co/PPTvQUOqyI pic.twitter.com/A4OtDd5ccV

...

More than 70% of all tokenized Bitcoin, worth over $4.3 billion, have been transferred to Ethereum, according to data from Cryptoflows.

This migration highlights a growing trend of utilizing Bitcoin within Ethereums decentralized finance (DeFi) ecosystem and other interesting areas.

Billions Of Bitcoin Being Tokenized

Out of the $5.75 billion worth of BTC exported from Bitcoin, over $1.44 billion found its way to the BNB Smart Chain (BSC) with more BTC tokens flowing to Avalanche, Fantom, and Solana.

Just like Ethereum, BSC, Avalanche, and other ecosystems where tokenized BTC found its way to, support smart contracting. Therein, holders can engage in DeFi, possibly earning income.

Bitcoin doesnt support smart contracts; explaining why some holders are tokenizing their assets. Still, while there appears to be growing demand for DeFi, reading from this outflow of BTC to smart contracting platforms, total value locked (TVL) and decentralized exchange (DEX) volumes have been low and even stagnant.

Data from DefiLlama.com, a DeFi analytics platform, shows that TVL is flat and below $50 billion.

Meanwhile, DEX trading volumes have been relatively low in recent months. This phase of decreased activity could suggest a temporary slowdown in decentralized trading, mirroring the general trend of crypto prices in recent months.

With less than $2 billion of registered DEX trading volumes on May 17, there has been a notable slump in activity over the last months, especially from early 2022.

In November 2021, at the peak of the last bull cycle, DEX trading volumes, on average, stood at over $7 billion.

BTC Prices Suppressed But Coin Is A Safe Haven

While users port their BTC to smart contracting platforms, Bitcoin prices remain under pressure partly due to regulatory decisions across the world, mainly in the United States and Europe.

On May 16, the European Union (EU) approved comprehensive crypto regulations which aim to bring transparency and oversight to the crypto industry, addressing concerns such as money laundering and investor protection.

Even in this bearish environment, Geoff Kendrick, the head of digital assets research at Standard Chartered, recently...

Cardanos developer ecosystem has significantly matured over the past year and now offers a variety of PAB solutions to build and deploy dApps on Cardano.

Supercharge your WordPress learning with ChatGPT! Ask questions, get insights and enhance your website development skills.

On this weeks episode of The Market Report, Cointelegraphs resident expert discusses if Bitcoin is safer than the U.S. dollar, considering the impending risk of debt default.

To help remediate these issues, blockchain can serve as one of the potential technology solutions.

Tether said that Bitcoins decentralized nature and its long-term store of value made it an obvious choice for the stablecoin issuer.

Decentraland (MANA) is currently ahead of the rest of the crypto market after seeing almost double-digit gains in the last day. This incredible recovery comes at a time when the broader crypto market is following in the steps of Bitcoin and shedding most of its first quarters gains. So what could be driving the price increase of MANA?

Rumors Of Apple Metaverse Circulate

The rumors about Apples very own metaverse first started circulating on Monday when a Twitter user made a post about it. In the tweet, Idi Wertheimer pointed to the fact that tech giant Apple was allegedly launching its own mixed-reality headset. As a result, Wertheimer believes that metaverse coins are going to start pumping based on this news.

CT is completely oblivious to the fact that Apple is about to launch a mixed reality headset in 3 weeks

Metaverse shitcoins are going to pump so hard its not even funny

But you morons keep buying influencer coins

Ok

Udi Wertheimer (@udiWertheimer) May 15, 2023

Rumors about Apple working on its own metaverse didnt just start now as it has since been speculated that the company would build one to compete with Metas (formerly Facebook) Oculus series. However, Apple has never confirmed nor denied if it was working on its own metaverse.

Research on our end turned up an article from a website called Toms Guide which points toward the tech giants plans to enter the virtual and augmented reality space. But instead of the anticipated Apple Glasses, the article refers to an entirely new device which is rumored to be called Reality Pro.

While Apple fans have waited long for a launch of VR/AR devices, venturing into the sector hasnt been backed internally from all indications. Previously, executives reportedly vetoed the design team which believed that the device is not yet ready for launch. But it remains to be seen if the company will follow through and launch the device

Decentraland (MANA) Picks Up Steam

With the rumors of Apple launching its own metaverse picking...

(AxieInfinity.com)

From left to right: Sebastien Robyr (Chief Information Security Officer); Craig Perrin (Chief Sales Officer); Jessica More (Chief of Staff); Seamus Donoghue (Chief Growth Officer); Vincent Bouzon (Chief Technology Officer); Adrien Treccani (Chief Executive Officer); Peter DeMeo (Chief Product Officer); Angel Nunez Mencias (Chief Customer Officer).

Tether (Nikhilesh De/CoinDesk)

BabyDoge, like other meme tokens, started off as a fun project with a loyal following, but it has evolved into a force to be reckoned with in the crypto space. With a strong community that is passionate about the project, BabyDoge has continued to push the boundaries of what is possible with meme tokens. 

The launch of the Zero Percent transaction fee feature on Ethereum is just one example of the innovative thinking that sets this meme coin apart.

The new feature is a game changer for BabyDoge users as it significantly reduces the cost of transactions on the Ethereum network. This means that users can now send and receive these tokens without worrying about paying high fees to miners. 

The feature is also expected to attract more users to the BabyDoge community, which could drive up the value of the token in the long run.

BabyDoge Community Focuses On 0% Transaction Fee Proposal

The BabyDoge community is currently engaged in discussions surrounding the proposal to introduce a 0% transaction fee feature on the Ethereum network. Typically, transactions involving meme coins like BabyDoge occur periodically, with most investors waiting for a specific hype factor to make their move. 

ETH with 0% fees go live today #BabyDoge pic.twitter.com/f8zmAdcy4L

Baby Doge (@BabyDogeCoin) May 16, 2023

However, when large transactions take place on Ethereum, congestion can drive gas fees up to levels that hurt the pockets of many retail investors.

As of writing, BABYDOGE on CoinGecko shows a value of $0.000000002098, with a 3.3% decline in the past 24 hours and no movement over the past seven days. In light of market fluctuations, the proposed 0% transaction fee feature will be a crucial development in making transactions accessible to everyone. 

...

The XRP price rally over the past few days is now at risk of exhaustion as a traditional bearish reversal pattern comes into view.

The latest slide of Bitcoin below the $27,000 level has caught the attention of investors who are now keeping a close eye on the debt ceiling negotiations in Washington. 

With US Treasury Secretary Janet Yellen issuing warnings that the US is projected to breach the debt limit as early as June 1, the stakes have been raised significantly for both the financial markets and the cryptocurrency industry. 

However, while the threat of a default looms large, investors are suggesting that Bitcoin may be poised for a potential rebound if a resolution to the debt ceiling issue is reached.

Bitcoin Continues To Slide Amid Low Liquidity Concerns

Bitcoins struggle to maintain its value has continued, with the cryptocurrency experiencing a 24-hour loss of nearly a percent, currently trading at $26,863 on CoinGecko. Furthermore, its seven-day decline of 2.7% reflects a persistent bearish trend in the market that has many investors concerned.

One factor that has contributed to the low liquidity in crypto markets is regulatory uncertainty. Market makers Jane Street and Jump Crypto have recently retreated from crypto trading in the US, citing concerns over regulatory challenges. This has added to the already existing concerns surrounding the lack of regulation in the crypto industry, which has made investors wary of entering the market.

According to a report by crypto data firm Kaiko, Bitcoins 1% market depth a measure of liquidity conditions has dropped by 4% over the past month, while Ethereums has fallen by 2%. Altcoin liquidity has suffered even more, with a roughly 17% decline on a monthly basis. 

This low liquidity has made it difficult for traders to execute large orders without experiencing significant price slippage, further contributing to the bearish trend in the m...

CoinShares CEO Jean-Marie Mognetti (CoinShares)

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

AXS token tops CoinDesk Indices' leaderboard (CoinDesk Indices)

Shiba Inu (SHIB) has been experiencing a tumultuous journey in the crypto market since its inception in August 2020. However, the past few weeks have been particularly eventful for SHIB holders, as the coin has been struggling to break past a crucial resistance level, known as the Death Line.

This foreboding term was coined by SHIB enthusiasts to refer to the critical resistance level at $0.000008. The level has been a significant hurdle for the meme coin to cross since early May, and it has made several attempts to break past it, only to face rejection each time. 

This resistance level has caused considerable anxiety among SHIB holders and traders, who are now closely monitoring the coins movements to see if it can finally overcome the dreaded line and push towards a new all-time high.

Shiba Inu Faces Market Pressure Amid Death Line Fears

Shiba Inu has been grappling with market pressure in recent weeks, with its CoinGecko price hovering at a meager $0.00000878 and experiencing a stagnant 24-hour change of 0.8%. Over the past seven days, SHIB has seen a 1.9% decrease in value, struggling to break free from the grips of the recent slump.

The SHIB token faces significant challenges, with the existence of the Death Line looming ominously over its future. The term refers to a crucial resistance level at $0.000008, which the token has been unable to breach despite repeated attempts. The failure to overcome this barrier could potentially cause the tokens price to plummet to $0.000007, marking a severe setback for SHIB and its holders.

#Bitcoin #Cryptonews #Ethereum...

Bitcoin price is holding support near $26,750. BTC might start a fresh increase if there is a clear move above the $27,550 resistance zone.

• Bitcoin is holding the key support at $26,750 and $26,600.
• The price is trading above $26,800 and the 100 hourly Simple moving average.
• There was a break above a key bearish trend line with resistance near $27,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start a fresh increase if it stays above $26,750 and the 100 hourly SMA.

Bitcoin Price Aims Higher

Bitcoin price started a minor downside correction after it failed to clear the $27,700 and $27,800 resistance levels. BTC formed a high near $27,677 before it corrected lower.

There was a move below the $27,400 level. The price declined below the 23.6% Fib retracement level of the upward move from the $25,828 swing low to the $27,677 high. The price tested a major support near the $26,800 level and the 100 hourly Simple moving average.

Bitcoin price is now trading above $26,600 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance near $27,000 on the hourly chart of the BTC/USD pair. Immediate resistance is now forming near the $27,250 level. The next major resistance is near the $27,550 level.

Source: BTCUSD on TradingView.com

A close above the $27,550 resistance might start a decent increase. The next key resistance is near $28,000, above which the price might rise toward the $28,400 resistance. Any more gains might send the price toward the $28,800 level.

Fresh Decline in BTC?

If Bitcoins price fails to clear the $27,550 resistance, i...

After being initially discussed in 2021, the investment fund is now capitalizing on the meme-worthy ticker for its new leveraged Bitcoin ETF.

Amid deep regulatory uncertainty in the United States, several cryptocurrency firms consider sailing to more welcoming atmospheres. Top US-based firms Ripple and Coinbase, whove been cross-chairs with the Securities and Exchanges Commission (SEC), have already hinted at possible relocation. Reacting to the issues, two CNBC correspondents, Ryan Browne, and Arjun Kharpal, weighed in.

According to the journalists, crypto companies like Ripple and Coinbase are playing a poker game with the SEC.

Crypto Firms Threaten Relocation To Ease Regulatory Pressure

The regulatory atmosphere in the US crypto space has become supercharged over the past few months as the SEC accelerated their crackdown moves against crypto companies. The SEC turned its attention to Coinbase, Binance, Bittrex, and Kraken amid long-running litigation with Ripple.

Related Reading: Why Litecoin Is The Most Undervalued Asset in Crypto

These firms arent comfortable with the increased enforcement threats from the regulators as they complain the SEC has taken the regulation-by-enforcement approach without providing any clear guidelines for them. 

Coinbase and Ripple even threatened to relocate their business outside the US, hoping regulators would reconsider their hawkish stance.

The CNBC correspondents further noted that Ripple executives joined forces to publicly criticize the SEC and gain support from the broader crypto community. 

Prioritizing Politics Over Policy Is Unfavourable for the Economy, Ripple CEO Says

In their report, Browne and Kharpal quoted Ripple CEO Brad Garlinghouse, who, as a US citizen, expressed his disappointment with the situation. 

In a statement, Garlinghouse said, The US is getting passed not just by a little bit but by a lot. 

Garlinghouse claims more challenging is the fact that the US considers politics over policy, an unfavorable decision for investors. On most occasions, the SEC repeatedly argued that nearly all crypto tokens in the market constitute securities. 

That was why the regulator sued Ripple in December 2020, accusing the firm of offering XRP as an unregistered security. However, Ripple has continued to contest this issue in court with the SEC, hoping to get a favorable ruling soon.

Messaging app Telegram denies users were at risk after a security exploit was discovered that could allow attackers to gain control of a macOS devices camera.

Shanghai, China (Edward He/Unsplash)

Bitcoin remains in a tight range with low liquidity, but expectations for new local lows are increasing.

(Axie Infinity)

A Tesla Bot demonstrated the ability to transfer objects from one container to another, showcasing its potential for performing human-like tasks.

Pepe coin is one of the trending meme coins that emerged recently in the crypto space. Though the token has retracted in value, a former Dogecoin millionaire offers some insights on PEPE.

Glauber Contessoto, aka Dogecoin millionaire, took to Twitter to lay out a suitable period to invest in the meme coin. 

Dogecoin Millionaire Recommends The Best Time For PEPE Investment

According to the crypto strategist, enthusiasts should wait till the meme token drop by 80% to 90% from its all-time high (ATH) of $0.00000431. Then, that will be the right time to invest in PEPE again.

Contesssotos tweet has attracted much criticism, as many users stated that the PEPE pump is over. Some users called his suggestion unintelligent, while others advised him to return to DOGE. A particular user asked DOGE Millionaire why he didnt take the same investment approach for Floki Inu. In response, he said he wasnt liquid then or would have bought 1 billion Floki Inu coins.

Related Reading: DeFis Rising Star: Why Rook DAO Is The Best-Performing Token Of 2023

Contesssoto emerged in the spotlight due to coverage from top media outlets such as CNBC for his investment insights.  He gained more popularity at the beginning of 2021. Many publications related Contessotos investment progress, citing how he threw his life savings into Dogecoin investment.

His investments saw him emerge as one of the DOGE millionaires, increasing his popularity for being bold and helping with relevant crypto strategies.  

However, he has lost a substantial part of his net worth as he refused to sell and the largest meme coin by market cap, DOGE, has declined by almost 90% from its ATH in 2021, according to CoinMarketCap.

The Journey So Far

Pepe Coin is a meme coin developed on the Ethereum blockchain with a link to the internet meme Pepe the Frog. Following its launch, PEPE rapidly gained popularity as the token led to the explosion of meme coins recently.

According to data from CoinGecko, PEPE has seen an increase of over 21,950% within the past month. PEPE created a record as the fastest Ethereum coin to hit the $1 billion market cap in less than a month after its launch...

According to prosecutors, marketing models such as rewards and dynamic rights and interests can quickly evolve into illegal pyramid schemes.

The Financial Markets Authority in Paris, France (Jack Schickler/CoinDesk)

Firms are subject to the whims of the bank account providers and end up dedicating resources to opening bank accounts. (Unsplash)

Shiba Inu Doge dog (Getty Images)

Senator Cynthia Lummis noted that Signature Banks Scott Shay mentioned digital assets 10 times in his testimony about the banks collapse.

OpenAI was originally formed as a nonprofit entity to ensure it was free to achieve its stated goal and then became a for-profit company back in 2019.

Anchorage joins AAVE, Lido and BitDAO in adopting the off-chain voting platform Snapshot.

A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously.

The bankrupt crypto lender wants its huge stash of staked Ether back, but it could be in for a wait.

The volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed.

Lightning Labs has unveiled a new solution to the clunky process of minting new assets on the Bitcoin network.

Rotation (Caleb Woods/Unsplash)

(Shutterstock)

A new study looks at DLT use in financial markets (Lorenzo Cafaro/Pixabay)

UK Parliament Building and Big Ben, London, England (Ugur Akdemir/Unsplash)

Ledger hardware wallet (Hendrik Morkel via Unsplash)

Airdrops can be a great way to engage communities, but they also come with risks from Sybil attacks to potential regulatory liability.

United States District Judge Analisa Torres made the order on May 16 in a win for Ripple.

Bill Hinman's 2018 speech is at the center of the legal row (CoinDesk)

(Donald Iain Smith / Getty Images)

U.S. Treasury Secretary Janet Yellen (Photo by Chip Somodevilla/Getty Images)

Lido has already withdrawn more than 278,000 ETH at press time. (John Sirlin/EyeEm/Getty Images)

A view of the power lines as evening settles Dec. 11, 2000 in Pico Rivera, CA. (David McNew/Newsmakers/Getty Images)

The pioneering DAO allegedly offered risk-free products that cost American retail investors tens of millions of dollars in losses.

Washington Crossing the Delaware by Emanuel Leutze (Wikimedia Commons)

Drew Austin (Red Beard Ventures)

Crypto investment firm CoinShares posted its most profitable quarter in a year, according to its latest quarterly earnings report.

Hector brought back to Troy (Wikimedia Commons)

The ETH price could come under short-term pressure due to a downtrend in deposits, reduced DEX volume market share and futures data showing traders with a bearish bias.

Bitmains upcoming Antminer KS3 ASIC miner for Kaspa (KAS) has been announced and it boasts some crazy specs for sure, especially compared to what is already available on the market. The hashrate of the KS3 ASIC miner is supposedly 8.3 TH/s with a 3188 Watts of power usage, meaning a 0.38 J/GHs power efficiency. As a comparison a single RTX 3070 GPU optimized does something like 600 MH/s at 90 Watts of power used, so a single KS3 ASIC miner is equal to around 14000 Nvidia RTX 3070 GPUs in terms of hashrate and is going to be way more power efficient. With the current total network hashrate of Kaspa (KAS) at around 1.16 PH/s at this very moment, doubling it with the Antminer KS3 ASIC miners would only take just like 140 devices and Bitmain should be producing way more than that for sure

There is no official price announced yet and Bitmain is running a competition for users to guess the price, but you can expect it to be in the tens of thousands for sure. Bitmain plans to start shipping the KS3 miners in August, meaning that you can expect a huge spike in difficulty around that time as the new machines start going online. There will be a couple of reductions of the block reward of KAS by that time and with the massive spike in the hashrate the crazy high profitability of over $2500 USD per day at the moment for the KS3 should be much lower by the time you can actually get your hands on a miner. Bitmain of course wants to take your money now for the KS3.

So, FPGA mining and GPU mining for KAS will start to fade out with ASIC miners hitting the network as it will become unprofitable for sure, even with the price increasing it will still be unreasonable to think that youd be able to compete with significantly faster and much more power efficient in terms of hashrate ASIC miners. You still have a little more time left to mine though, so do not be quick to switch to another coin just yet. Or use the opportunity to stack up on some KAS coins while the price is low.

Wallet lying on the ground (Getty Images)

Altman appeared alongside NYU professor Gary Marcus and IBM chief of trust Christina Montgomery to discuss how the U.S. government should regulate the AI industry.

Phishing attack/Shutterstock

Recovering stolen Bitcoin from crypto scams is challenging due to the anonymous nature of blockchain transactions and jurisdictional issues.

The rolling 30-day correlation between bitcoin and ether prices (Kaiko)

River Financial CEO Alex Leishman at BTC 2022. (Danny Nelson/CoinDesk)

Many members of the crypto community believe Ledgers latest seed phrase recovery feature is a bad idea.

Layered bedrock. (NASA)

DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules.

GameFi is the new gaming frontier, providing an innovative model using blockchain and DeFi. Heres all you need to know about blockchain-based games.

Staking ether is an increasingly competitive market. (Micheile/Unsplash)

Cryptocurrency users are once again reminded about the importance of using only authentic hardware wallets.

Japan has emerged with the highest losses worldwide from North Korean cyberattacks targeting crypto exchanges, as recent reports indicate that Japans financial institutions and individuals incurred approximately 30% of the total losses attributed to North Korean crypto hacking.

The Japanese government has been particularly vocal about the need for enhanced cybersecurity measures to combat these malicious activities. But despite ongoing efforts to bolster their defenses, Japanese exchanges have been a primary target, suffering substantial financial losses and tarnishing the countrys reputation as a secure hub for digital assets.

Japans 30% Crypto Losses

The Elliptic report from a leading blockchain analytics firm, Nikkei, reveals that Japan suffered a staggering $721 million in losses, accounting for about 30% of the total amount hacked globally. 

The numbers were culled from hacks that occurred between 2017 and 2022, reaching a total amount of $2.3 billion. Notably, in 2022 alone, the digital asset ecosystem lost an estimated $640 million worth of cryptocurrency.

A Reuters report from the United Nations revealed that digital currency theft exploits in North Korea hit a new high in 2022. The report also showed that the second most-attacked nation was Vietnam, losing approximately $540 million within the same period.

The United States was the third nation on the list, and Hong Kong came out in fourth place, with $497 million and $281 million losses, respectively.

Meanwhile, the Elliptic findings shed light on the vulnerability of the Japanese cryptocurrency market, including that of the Vietnamese.

It noted that both markets have lax security measures, making it an attractive target for hackers seeking to exploit weaknesses and gain illicit access to digital assets.

The significant losses incurred by Japan reflect the growing threat posed by North Korean hacking groups, which have increasingly targeted cryptocurrency exchanges and platforms worldwide.

Notable Exploits From North Koreas Lazarus Group

The Lazarus Group is believed to act on behalf of the North Korean regime to bypass international sanctions and fund illicit activities.

This group has orchestrated some of the most significant exploits in the cryptocurrency world, with the Ronin Bridge exploit and the...

Justin Sun (CoinDesk)

(Getty Images)

(Nikhilesh De/CoinDesk)

In this market, it's hard to tell where the bitcoin price and ether price will head next. (Shutterstock)

The EU flag (Christian Lue/Unsplash)

LDO price is well-positioned to gain another 50% by June based on a classic bullish reversal setup after Lido DAO rebounds 40%.

After a disastrous week, the digital currency market , including the top 5 cryptos, is ready for a recovery. According to CoinGecko, the crypto markets total market cap increased by nearly 2% in the past 24 hours.

Although the broader financial market is still closely monitoring the US debt ceiling crisis, Bitcoin and Ethereums recent localized rallies, along with the strong performances of the top 5 cryptos, pulled the market upward.

Top 5 Cryptos Expected To Pad Investors Portfolio With Gains 

KAVA

Although last week was painful for investors, KAVA saw gains in both TVL and price. According to DefiLlama, the Kava ecosystems TVL grew by over 3% in the past 24 hours with steady gains since last week. KAVA itself is experiencing bullish pressure, with the token up more than 43% in the past seven days. 

The tokens current momentum seemed to be slowing down, showing signs that KAVA may face losses in the short term. However, a rebound from $0.782 will open the path to $1.46 as investors gain confidence along with the general market rebound. 

LDO 

After implementing Lido V2 in February, Lido has exempted itself from the general market downturn in the past few weeks. According to CoinGecko, the price of LDO rose by nearly 23% since last week. This shows investors strength along with a strong strategic partnership to ensure Lidos dominance in the DeFi industry. 

Calling all...

Heres how the growth in PEPE has so far compared with that of its predecessor meme coins: Shiba Inu (SHIB) and Dogecoin (DOGE).

PEPEs Peak Trading Volume Hasnt Been Near DOGE Or SHIBs Yet

Pepe Coin, a token based on the popular internet frog meme avatar, suddenly burst into the scene last month. The coin has enjoyed a rapid rise in popularity, with its best period coming in the first week of this month, where it registered a price increase of more than 1,000%.

Since this amazing rally earlier in the month, however, the cryptocurrency has seemed to have run out of steam. Nonetheless, market participants have still been wondering about the long-term prospects of the coin, as the meme coin has been looked at as the next big thing after DOGE and SHIB.

But cab PEPE really compare with these top two meme coins by market cap?

In its latest insight, the on-chain analytics firm Santiment has compared a couple of metrics between these three assets, to see where PEPE stands against them.

The first indicator of interest here is the trading volume, which is a measure of the daily total amount of a given cryptocurrency thats being transacted on the blockchain.

Here is a chart that highlights how the trading volume for PEPE has looked recently, as well as the behavior the indicator showed during the respective peaks of Dogecoin and Shiba Inu:

As displayed in the above graph, PEPE has observed a peak trading volume of $2 billion so far, which is quite sizeable in isolation, but when compared to what Dogecoin and Shiba Inu saw during their best periods, the spike appears very small.

Naturally, these humongous spikes in DOGEs and SHIBs trading volumes occurred only later in the lifetimes of the assets, while the frog is still very much in its infancy.

Although PEPEs trading volume is significantly lower, it leaves room for growth and untapped potential, explains Santiment.

However, it also means that the liquidity and retail participation in the market for PEPE is far less than what DOGE and SHIB experienced in previous years. In fact, it seems the retail landscape has changed dramatically, with retail participation appearing nearly nonexistent, the on-chain data aggregator added.

The other metric of relevance here is the ...

While DeFi may be the wave of the future, the industry can still learn smart practices from leading CeFi companies.