Author: Kryptonews

At the start of the third week of January, total market-wide liquidations reached nearly $900 million. Negative volatility driven by Trump’s tariff impact on the EU caused the spike. The figure could rise further as several altcoins show warning signs.XRP, Axie Infinity (AXS), and Dusk (DUSK) are attracting capital and leveraging this week for different reasons. However, they could become traps for investors without strict risk management plans.Sponsored Sponsored1. XRPOn January 19, XRP dropped to $1.85 before rebounding to $1.95. The decline erased most of the recovery effort since the start of the year.Short-term traders appear increasingly bearish. Many are…

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Decentralized Finance yield platform Pendle is set to replace its vePENDLE token as its primary governance and reward token, arguing the previous design held back broader adoption. In an announcement via X on Monday, Pendle unveiled sPENDLE, its new “liquid staking token” that will soon replace vePENDLE as the primary governance token on the protocol. “We’re excited to introduce sPENDLE, the next evolution of Pendle tokenomics. This upgrade is designed to address critical limitations of the vePENDLE system, while unlocking new opportunities for PENDLE holders and the protocol,” Pendle said. sPENDLE is a liquid fee and governance token with a 14-day withdrawal period,…

Memecoin traders appeared to be locking in profits on Monday after a strong start to the year, according to analysts, with memecoin trading volumes spiking while memecoin marketcap fell. Memecoin trading volume spiked to $5.62 billion on Monday, rising 106% from a day earlier, while memecoin market capitalization fell 6%, according to crypto data platform CoinMarketCap. The volume has since dropped back down to $3.6 billion, down more than 24% for the day. Vincent Liu, the chief investment officer at Kronos Research, told Cointelegraph a surge in memecoin trading volume alongside a falling market cap points to heavy churn rather than…

Recent record network activity on Ethereum could be linked to a wave of address poisoning attacks that are taking advantage of low gas fees since December, said security researcher Andrey Sergeenkov.Cointelegraph reported on Friday that network activity retention nearly doubled to 8 million addresses in a month, while daily transactions hit an all-time high of almost 2.9 million.The week starting Jan. 12 saw 2.7 million new addresses, 170% higher than typical values, while daily transactions surged to over 2.5 million, said Sergeenkov. However, Sergeenkov said the uptick could be due to a type of mass spam attack known as “address poisoning,”…

Memecoin traders appeared to be locking in profits on Monday after a strong start to the year, according to analysts, with memecoin trading volumes spiking while memecoin marketcap fell. Memecoin trading volume spiked to $5.62 billion on Monday, rising 106% from a day earlier, while memecoin market capitalization fell 6%, according to crypto data platform CoinMarketCap. The volume has since dropped back down to $3.6 billion, down more than 24% for the day. Vincent Liu, the chief investment officer at Kronos Research, told Cointelegraph a surge in memecoin trading volume alongside a falling market cap points to heavy churn rather than…

Magic Eden CEO and co-founder Jack Lu says his company will be well-positioned for the “supercycle” where “finance merges with entertainment” amid a recent boom in prediction markets and betting.“Speculation is mainstream now. And Magic Eden is building for this world,” Lu posted to X on Monday.“Prediction markets are all over Emmys and the news. Betting is the second fastest growing industry in the US after AI. Sportsbook sponsorships are all over everyone’s favorite sports broadcasts. Hyper casual games + real-money gaming are converging.”Lu’s remarks come as prediction markets’ trading volumes reached a record $814.2 million on Monday, smashing the…

Magic Eden CEO and co-founder Jack Lu says his company will be well-positioned for the “supercycle” where “finance merges with entertainment” amid a recent boom in prediction markets and betting.“Speculation is mainstream now. And Magic Eden is building for this world,” Lu posted to X on Monday.“Prediction markets are all over Emmys and the news. Betting is the second fastest growing industry in the US after AI. Sportsbook sponsorships are all over everyone’s favorite sports broadcasts. Hyper casual games + real-money gaming are converging.”Lu’s remarks come as prediction markets’ trading volumes reached a record $814.2 million on Monday, smashing the…

Memecoin launchpad Pump.fun is spinning up a new investment arm aimed at backing promising startups, in its first significant pivot away from its memecoin roots. Pump.fun said on Monday it was launching Pump Fund alongside a $3 million hackathon, which would fund 12 projects with $250,000 each at a $10 million valuation.It added that the investment arm would be “aligning itself with projects long-term,” which do not need to be crypto-related, and that it would provide mentorship from Pump.fun founders.The project comes as trading volumes on the Pump.fun have fallen from highs in early 2025, which was spurred by a…

Spot market conditions for Bitcoin are showing early signs of improvement with increased trading volume and decreasing sell-side pressure, according to analysts from Glassnode. There has been a “modest” lift in spot Bitcoin (BTC) trading volume, “while the net buy–sell imbalance has broken above its upper statistical band,” reported Glassnode on Monday. This is signaling a “clear reduction in sell-side pressure,” but despite this, spot demand “remains fragile and uneven,” it added. Bitcoin declined almost 3% from its weekend high of $95,450 to trade at around $92,550 at the time of writing as markets continue to digest the fallout from the latest…