Memecoins Following Index Narrativeπ―
The market for indexes is sure growing, and one the biggest signs of an uptrend is the big players paying attention to it.
At the moment Memecoins are no doubt the βitβ of crypto. In fact, in 2024, Memecoin has become the fastest-growing segment of the cryptocurrency market as a whole, with an average return rate of +1300%.π
And this segment is moving to indexes! The Meme Index β the first ever decentralized Memecoin index that facilitates investment in multiple meme coins through a single fund β has just been born, and already becoming the next big thing.π©
β‘οΈ The era of indexes is upon us, and we at ALGA are the first ones in! alga.finance
The market for indexes is sure growing, and one the biggest signs of an uptrend is the big players paying attention to it.
At the moment Memecoins are no doubt the βitβ of crypto. In fact, in 2024, Memecoin has become the fastest-growing segment of the cryptocurrency market as a whole, with an average return rate of +1300%.
And this segment is moving to indexes! The Meme Index β the first ever decentralized Memecoin index that facilitates investment in multiple meme coins through a single fund β has just been born, and already becoming the next big thing.
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ALGA Index Profitability Updateπ
Bitcoin took a slight fall this week due to a spike in treasury yields, logically affecting the market. Nonetheless, future forecasts remain positive. Could this be the time to build the right portfolio? We sure think so! Pick your assets for next week with care.
π BTC Main: -2.03%
π ETH Main: -7.17%
π BTC Combo: -2.89%
π ETH Combo: -9.93%
π Stable Index: +0.06%
π ALGA10: -3.74%
π ALGA5: -3.8%
π ALGAGPT7: -4.59%
π Wallet Index: -6.64%
π DeFi Index: -6.84%
π DEX Platforms Index: -13%
π AI Index: -13.55%
π MEMES Index: -10.74%
π Smart Contract Index: -5.32%
π PolkaDot Index: -8.23%
π MetaVerse Index: -10.53%
π RWA Index: -8.8%
π BEST: -7%
π AlgaGS: -5.08%
π AlgaVE: -4%
π AlgaBR: -3.07%
π CryptoTiger: -7.35%
π CryptoStudent: -11.05%
π Pentagon Index: -3.11%
π BukS Index: -15.11%
π Krupin Index: -12.42%
π CryptoMentors: -7.73%
π Skyrocket Crypto: -5.09%
π Zilliqa: -13.62%
π EMCD: -9.58%
π Find out more: alga.finance
Bitcoin took a slight fall this week due to a spike in treasury yields, logically affecting the market. Nonetheless, future forecasts remain positive. Could this be the time to build the right portfolio? We sure think so! Pick your assets for next week with care.
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MEMEX Index Hits $2M in ICOπ£
Weβve recently discussed how memes β the ultimate winners of the crypto market at the moment β are moving to the index world.
The Meme Index β the first ever decentralized Memecoin index has become a thing only last weekβ¦and it has already gone viral, hitting $2M in ICO.π©
MEMEX holders will soon be able to invest in meme coin assets, benefitting from broad exposure while also spreading the risk. Exactly what we at ALGA have been doing with our crypto indexes all along!
π Hereβs to the crypto index sector truly gaining momentum! alga.finance
Weβve recently discussed how memes β the ultimate winners of the crypto market at the moment β are moving to the index world.
The Meme Index β the first ever decentralized Memecoin index has become a thing only last weekβ¦and it has already gone viral, hitting $2M in ICO.
MEMEX holders will soon be able to invest in meme coin assets, benefitting from broad exposure while also spreading the risk. Exactly what we at ALGA have been doing with our crypto indexes all along!
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ALGA Index Profitability Updateπ
The crypto market is in a slight decline at the moment, but great things lie ahead as Trump is about to take office, and new pro-crypto decisions are scheduled in his first days. Now is the time for the right asset choices! Ready?
β¬οΈ BTC Main: -3.28%
β¬οΈ ETH Main: -9.04%
β¬οΈ BTC Combo: -2.83%
β¬οΈ ETH Combo: -11.67%
β¬οΈ Stable Index: -0.02%
β¬οΈ ALGA10: -4.71%
β¬οΈ ALGA5: -5.33%
β¬οΈ ALGAGPT7: -3.72%
β¬οΈ Wallet Index: -5.31%
β¬οΈ DeFi Index: -11.21%
β¬οΈ DEX Platforms Index: -11.57%
β¬οΈ AI Index: -9.89%
β¬οΈ MEMES Index: -6.45%
β¬οΈ Smart Contract Index: -3.62%
β¬οΈ PolkaDot Index: -8.95%
β¬οΈ MetaVerse Index: -7.97%
β¬οΈ RWA Index: -11.57%
β¬οΈ BEST: -6.7%
β¬οΈ AlgaGS: -7.01%
β¬οΈ AlgaVE: -6.06%
β¬οΈ AlgaBR: -4.75%
β¬οΈ CryptoTiger: -7.89%
β¬οΈ CryptoStudent: -10.59%
β¬οΈ Pentagon Index: -3.48%
β¬οΈ BukS Index: -13.83%
β¬οΈ Krupin Index: -12.16%
β¬οΈ CryptoMentors: -14.58%
β¬οΈ Skyrocket Crypto: -0.97%
β¬οΈ Zilliqa: -9.63%
β¬οΈ EMCD: -8.85%
π Find out more: alga.finance
The crypto market is in a slight decline at the moment, but great things lie ahead as Trump is about to take office, and new pro-crypto decisions are scheduled in his first days. Now is the time for the right asset choices! Ready?
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Trump Inauguration β What It Means for Crypto?π£
The day many in crypto have been waiting for has arrived β Trump officially took office today. What are his plans as the US 47th president?
π From creating a crypto advisory council from day 1 to possibilities of pausing all crypto litigation and creating a national Bitcoin stockpile, the leading Bloomberg publication explores the matter in greater depth: bloomberg.com/news/articles/2025-01-16/trump-plans-to-designate-cryptocurrency-as-a-national-priority
The day many in crypto have been waiting for has arrived β Trump officially took office today. What are his plans as the US 47th president?
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Index Market Performanceπ―
CryptoRank has posed an interesting question on their Twitterβ¦Since over the past year, many crypto indexes had less gains than Bitcoin, they wonder β are they a fit for a market where everything rises with Bitcoin? Let us answer that for you!
Bitcoin has indeed seen historical gains this year, and it may seem like indexes bite the dust. But here is the twist. The index market allows investors to diversify their assets and profit not ONLY in bitcoin domination cycles.πΌ
Not putting your eggs in one basket and investing in multiple assets at the same time allows index investors to not only remain afloat, but even profit in alt seasons and market corrections, while pure Bitcoin investors are left out to dry.
Moral of the story? Indexes allow you to grow your capital consistently and safely, avoiding market ups and downs!π―
π Explore ALGA indexes
CryptoRank has posed an interesting question on their Twitterβ¦Since over the past year, many crypto indexes had less gains than Bitcoin, they wonder β are they a fit for a market where everything rises with Bitcoin? Let us answer that for you!
Bitcoin has indeed seen historical gains this year, and it may seem like indexes bite the dust. But here is the twist. The index market allows investors to diversify their assets and profit not ONLY in bitcoin domination cycles.
Not putting your eggs in one basket and investing in multiple assets at the same time allows index investors to not only remain afloat, but even profit in alt seasons and market corrections, while pure Bitcoin investors are left out to dry.
Moral of the story? Indexes allow you to grow your capital consistently and safely, avoiding market ups and downs!
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ALGA Index Profitability Updateπ―
Inauguration week has come to an end. With Trump having officially taken office, the crypto market saw a much-expected rise, followed by a minor decline, as Trump's crypto-friendly policies implemented on Day 1 were met with the realities of governmental bureaucracy. Regardless, given the current trend and Trump's commitment to making America the "world capital of crypto", we shouldn't expect a market reversal any time soon.
π BTC Main: +3.92%
π ETH Main: -5.03%
π BTC Combo: +7.16%
π ETH Combo: -6.56%
π Stable Index: -0.03%
π ALGA10: +3.99%
π ALGA5: +3.37%
π ALGAGPT7: +6.2%
π Wallet Index: -8.54%
π DeFi Index: -7.26%
π DEX Platforms Index: -10.67%
π AI Index: -5.21%
π MEMES Index: -2.19%
π Smart Contract Index: -2.04%
π PolkaDot Index: -5.11%
π MetaVerse Index: -6.78%
π RWA Index: -4.76%
π BEST: +4.61%
π AlgaGS: +1.26%
π AlgaVE: +2.87%
π AlgaBR: +4.64%
π CryptoTiger: -5.24%
π CryptoStudent: -12.41%
π Pentagon Index: +8.94%
π BukS Index: -3.4%
π Krupin Index: -0.79%
π CryptoMentors: -11.69%
π Skyrocket Crypto: +4.41%
π Zilliqa: -7.9%
π EMCD: -1.21%
π Find out more: alga.finance
Inauguration week has come to an end. With Trump having officially taken office, the crypto market saw a much-expected rise, followed by a minor decline, as Trump's crypto-friendly policies implemented on Day 1 were met with the realities of governmental bureaucracy. Regardless, given the current trend and Trump's commitment to making America the "world capital of crypto", we shouldn't expect a market reversal any time soon.
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New SEC Leadership β What it Means for Cryptoβ
One week post-inauguration, Trumpβs crypto-related orders are pouring in. And one of the most curious ones so far is the new SEC leadership, which is quickly changing crypto regulation in favor of clarity and transparency.βοΈ
Trumpβs newly formed Crypto Working Group, which includes Mark Uyeda, Hester Pierce and David Sachs, has been instructed to propose new digital asset regulations and explore the creation of a national cryptocurrency stockpile.
The market responded by submitting dozens of new ETF filings, even in meme coins like $TRUMP and $DOGE. Additionally, the prospect of BitWise's Crypto Index ETF approval, which was postponed by the previous leadership, now seems more likely.
π« Staying tuned for a new time in crypto! alga.finance
One week post-inauguration, Trumpβs crypto-related orders are pouring in. And one of the most curious ones so far is the new SEC leadership, which is quickly changing crypto regulation in favor of clarity and transparency.
Trumpβs newly formed Crypto Working Group, which includes Mark Uyeda, Hester Pierce and David Sachs, has been instructed to propose new digital asset regulations and explore the creation of a national cryptocurrency stockpile.
The market responded by submitting dozens of new ETF filings, even in meme coins like $TRUMP and $DOGE. Additionally, the prospect of BitWise's Crypto Index ETF approval, which was postponed by the previous leadership, now seems more likely.
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Cross-Asset Correlation in a NutshellβΉοΈ
Simply put, cross-correlation is a measurement that tracks the movements of two or more sets time series data relative to one another. But how does this apply in the financial markets? Letβs take a look!
Investors and analysts employ cross-correlation to understand how the prices of two or more assets perform against one another.
When it comes to portfolio management, cross correlation also helps measure the degree of diversification among the assets contained in a portfolio. This way, investors can increase the diversification of their assets to reduce the risk of big losses.βοΈ
For example: letβs say an investor invests in one tech stock, and then in another one that goes in the same direction . But there can also be a reverse asset correlation. For example, when Bitcoin falls, USD rises. This way USD can balance an investorβs portfolio.πΌ
Cross-asset correlation between crypto and other asset classes is an interesting topic, which is especially applicable today. As these correlations become stronger and stronger, indexes become one of the best ways to achieve diversification, as they prevent you from putting all your eggs in one basket and grant you a truly balanced portfolio.
π Explore ALGA indexes
Simply put, cross-correlation is a measurement that tracks the movements of two or more sets time series data relative to one another. But how does this apply in the financial markets? Letβs take a look!
Investors and analysts employ cross-correlation to understand how the prices of two or more assets perform against one another.
When it comes to portfolio management, cross correlation also helps measure the degree of diversification among the assets contained in a portfolio. This way, investors can increase the diversification of their assets to reduce the risk of big losses.
For example: letβs say an investor invests in one tech stock, and then in another one that goes in the same direction . But there can also be a reverse asset correlation. For example, when Bitcoin falls, USD rises. This way USD can balance an investorβs portfolio.
Cross-asset correlation between crypto and other asset classes is an interesting topic, which is especially applicable today. As these correlations become stronger and stronger, indexes become one of the best ways to achieve diversification, as they prevent you from putting all your eggs in one basket and grant you a truly balanced portfolio.
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ALGA Index Profitability Updateπ
The crypto market is volatile this week. Between the positive news of Trump Media turning to crypto, to some analysts warning Trump may actually be inflating a βcrypto bubbleβ, and to MiCA taking a hit on Tether and exchanges delisting USDT in Europeβ¦Quite the week! Plan your next move carefully, and choose your investments wisely.π―
π BTC Main: +7.84%
π ETH Main: -4.98%
π BTC Combo: +12.44%
π ETH Combo: -3.01%
π Stable Index: -0.14%
π ALGA10: +7.47%
π ALGA5: +6.55%
π ALGAGPT7: +8.23%
π Wallet Index: -7.19%
π DeFi Index: -1.74%
π DEX Platforms Index: -10.05%
π AI Index: -7.41%
π MEMES Index: -4.54%
π Smart Contract Index: -1.01%
π PolkaDot Index: -0.47%
π MetaVerse Index: -5.52%
π RWA Index: +4.54%
π BEST: +5.16%
π AlgaGS: +5.05%
π AlgaVE: +7.07%
π AlgaBR: +9.64%
π CryptoTiger: -4.48%
π CryptoStudent: -12.69%
π Pentagon Index: +12.43%
π BukS Index: -1.17%
π Krupin Index: -2.03%
π CryptoMentors: -10.28%
π Skyrocket Crypto: +7.25%
π Zilliqa: -5.31%
π EMCD: +1.38%
π Find out more: alga.finance
The crypto market is volatile this week. Between the positive news of Trump Media turning to crypto, to some analysts warning Trump may actually be inflating a βcrypto bubbleβ, and to MiCA taking a hit on Tether and exchanges delisting USDT in Europeβ¦Quite the week! Plan your next move carefully, and choose your investments wisely.
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Market Dip β How to Manage?β
Bitcoin price today edged below $95,500, while Ethereum below $3,000. Cause? Donald Trumpβs tariffs on US major trading partners: China, Canada and Mexico.
πΈ With already $2.26 billion wiped from the crypto market, investor fear is strong, as everyone wonders of the long-term political, trade and economic implications to come.
Now, the market may be crashing, but amid chaos β many ALGA indexes manage to keep losses minimized thanks to diversification across multiple assets.βοΈ
Say what you will, but indexes may indeed be the way to weather even the strongest storms⦠alga.finance
Bitcoin price today edged below $95,500, while Ethereum below $3,000. Cause? Donald Trumpβs tariffs on US major trading partners: China, Canada and Mexico.
Now, the market may be crashing, but amid chaos β many ALGA indexes manage to keep losses minimized thanks to diversification across multiple assets.
Say what you will, but indexes may indeed be the way to weather even the strongest storms⦠alga.finance
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BTC Combo Performance ExplainedβΉοΈ
π Amid the tariff-induced market crash, one of the best performing ALGA indexes β the one that held on for dear life β has been no other than BTC Combo. In fact, itβs only been down -4.76%, while a large chunk of the market was left in complete shambles. How did this happen?
The answer is β BTC Combo is a well-diversified index. While Bitcoin is its core asset, diversification is achieved thanks to the index encompassing a large range of assets built on the SHA-256 algorithm and approved by SEC for use in numerous countries. We are talking from Ripple to Stellar and a balancing percentage of stablecoins.
BTC Combo Composition:
π’ Bitcoin (BTC) β 60%
π’ Litecoin (LTC) β 10 %
π’ Bitcoin Cash (BCH) β 10%
π’ Ripple (XRP) β 10 %
π’ Stellar (XLM) β 5 %
π’ Stable β 5 %
Conclusion? Forget all eggs in one basket & invest smart to weather the market storms.βοΈ
π You can explore ALGA indexes in more detail via our website
The answer is β BTC Combo is a well-diversified index. While Bitcoin is its core asset, diversification is achieved thanks to the index encompassing a large range of assets built on the SHA-256 algorithm and approved by SEC for use in numerous countries. We are talking from Ripple to Stellar and a balancing percentage of stablecoins.
BTC Combo Composition:
Conclusion? Forget all eggs in one basket & invest smart to weather the market storms.
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ALGA Index Profitability Updateπ
Crypto volatility continues, as despite positive news alike new ETF filings (among which the SEC officially acknowledging the application for a spot Solana), the pressure of Trumpβs tariffs and expectations around US Federal Reserve policy and global growth concerns continue to lay heavy on the market. What will the coming week bring? Choose your assets wiselyβοΈ
π BTC Main: +1.35%
π ETH Main: -12.94%
π BTC Combo: -1.32%
π ETH Combo: -14.84%
π Stable Index: -0.05%
π ALGA10: -2.89%
π ALGA5: -2.39%
π ALGAGPT7: -8.58%
π Wallet Index: -15.77%
π DeFi Index: -15.42%
π DEX Platforms Index: -22.72%
π AI Index: -24.35%
π MEMES Index: -17.31%
π Smart Contract Index: -17.23%
π PolkaDot Index: -13.29%
π MetaVerse Index: -20.84%
π RWA Index: -10.38%
π BEST: -7.13%
π AlgaGS: -4.64%
π AlgaVE: -1.83%
π AlgaBR: +0.86%
π CryptoTiger: -17.73%
π CryptoStudent: -22.57%
π Pentagon Index: +0.38%
π BukS Index: -17.25%
π Krupin Index: -15.06%
π CryptoMentors: -25.03%
π Skyrocket Crypto: -14.38%
π Zilliqa: -18.52%
π EMCD: -12.03%
π Find out more: alga.finance
Crypto volatility continues, as despite positive news alike new ETF filings (among which the SEC officially acknowledging the application for a spot Solana), the pressure of Trumpβs tariffs and expectations around US Federal Reserve policy and global growth concerns continue to lay heavy on the market. What will the coming week bring? Choose your assets wisely
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New Wave of ETF Filings β What it Meansβ
The new SEC leadership has approved the 19B-4 filing for Bitwiseβs Bitcoin-Ethereum ETF, which has been postponed for quite some time. In turn, Chicago-based Cboe Exchange has filed four separate 19b-4 applications with the SEC, seeking approval to list and trade spot XRP ETFs. And while these one may be most known, weβve already seen dozens of new filings for ETFs under the new team.
π Some experts have gone so far as to call it a βraceβ for new altcoin ETFs, with asset managers filing for new products with the SEC every day β from $LTC to memecoins like $DOGE and $TRUMP.
This increased interest towards crypto by institutional investors is no doubt leading to wider market adoption and growth.
And whatβs the best way to make the most of it, while staying safe? An answer as old as time β asset diversification.βοΈ
A good time for ALGA indexes!π©
The new SEC leadership has approved the 19B-4 filing for Bitwiseβs Bitcoin-Ethereum ETF, which has been postponed for quite some time. In turn, Chicago-based Cboe Exchange has filed four separate 19b-4 applications with the SEC, seeking approval to list and trade spot XRP ETFs. And while these one may be most known, weβve already seen dozens of new filings for ETFs under the new team.
This increased interest towards crypto by institutional investors is no doubt leading to wider market adoption and growth.
And whatβs the best way to make the most of it, while staying safe? An answer as old as time β asset diversification.
A good time for ALGA indexes!
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Analysts are debating whether itβs hot time for Altcoins, or Bitcoin domination is the ultimate future. Meanwhile, we at ALGA got you covered regardless of where you believe the crypto scene will go. How so?
Well, our many Combo indexes offer fulfilling combinations of various Altcoins, while the indexes focused on one asset, like BTC or ETH Main, are well balanced with just the right % of stablecoins.
This way, you get the fine line of safety and opportunity regardless of market cycles, trends and fluctuations.
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ALGA Index Profitability Updateπ
Happy Valentineβs Day! Or is it? In a somewhat ironic twist, $2.5 Billion Bitcoin and Ethereum options expire today, February 14. How will the market react? Stay smart with your asset choices.
π BTC Main: -0.4%
π ETH Main: -12.55%
π BTC Combo: -2.74%
π ETH Combo: -14.42%
π Stable Index: -0.06%
π ALGA10: -3.97%
π ALGA5: -3.18%
π ALGAGPT7: -8.18%
π Wallet Index: -13.67%
π DeFi Index: -14.37%
π DEX Platforms Index: -13.88%
π AI Index: -21.61%
π MEMES Index: -17.55%
π Smart Contract Index: -13.31%
π PolkaDot Index: -11.91%
π MetaVerse Index: -19.49%
π RWA Index: -9.51%
π BEST: -8.42%
π AlgaGS: -6%
π AlgaVE: -2.81%
π AlgaBR: -1.32%
π CryptoTiger: -17.13%
π CryptoStudent: -18.21%
π Pentagon Index: -0.46%
π BukS Index: -18.23%
π Krupin Index: -13.8%
π CryptoMentors: -21.12%
π Skyrocket Crypto: -16.09%
π Zilliqa: -18.52%
π EMCD: -9.98%
π Find out more: alga.finance
Happy Valentineβs Day! Or is it? In a somewhat ironic twist, $2.5 Billion Bitcoin and Ethereum options expire today, February 14. How will the market react? Stay smart with your asset choices.
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Stablecoin use continues to expand across the world, from Europe to emerging countries.
In fact, multinational payment services giant Mastercard has recently reported that it had tokenized 30% of its transactions in 2024.
And with the new team in the White House, it seems US legislation is finally on board the stablecoin train too. One of the top priorities for White House AI and crypto czar David Sacks is addressing stablecoin legalisation in the United States.
Given all this, it seems stablecoins demand will grow both as a payment method and an assetβ¦And as per usual, we at ALGA are ahead of the game!
Not only are many of our indexes balanced with a good amount of stablecoins, we also have our very own Stable index, comprised of the most highly capitalized stablecoins in the market.
Stable Index Composition:
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How ETFs WorkβΉοΈ
ETFs or Exchange Traded Funds are predefined baskets of assets, wrapped into a single fund and traded on an exchange.βοΈ
Generally ETFs can be split into two categories: traditional ETFs and crypto ETFs. The former typically include bonds, stocks, commodities and other traditional investment assets. Crypto ETFs, in turn, are comprised of a selection of digital currencies.πΈ
Shares of the ETF are traded on exchanges, much like individual equities. They can be bought and sold during regular trading hours, at market rates, granting investors the benefit of liquidity and flexibility, as opposed to other asset classes.
Crypto ETFs are of prime importance when it comes to bringing traditional, as well as institutional investors into the crypto scene, hence promoting industry growth. And with the many ETF filings under the Trump administration β it seems many crypto assets and sectors are about to see a riseβ¦(remember our cross correlation post?)π
Best way to make the most of all of them at once and truly seize the market? ALGA indexes!
β‘οΈ Find out more & stay ahead of the game: alga.finance
ETFs or Exchange Traded Funds are predefined baskets of assets, wrapped into a single fund and traded on an exchange.
Generally ETFs can be split into two categories: traditional ETFs and crypto ETFs. The former typically include bonds, stocks, commodities and other traditional investment assets. Crypto ETFs, in turn, are comprised of a selection of digital currencies.
Shares of the ETF are traded on exchanges, much like individual equities. They can be bought and sold during regular trading hours, at market rates, granting investors the benefit of liquidity and flexibility, as opposed to other asset classes.
Crypto ETFs are of prime importance when it comes to bringing traditional, as well as institutional investors into the crypto scene, hence promoting industry growth. And with the many ETF filings under the Trump administration β it seems many crypto assets and sectors are about to see a riseβ¦(remember our cross correlation post?)
Best way to make the most of all of them at once and truly seize the market? ALGA indexes!
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ALGA Index Profitability Updateπ
The crypto marketβs cap is 3% lower than a week ago, and investorsβ fear and greed index is largely indicating caution. Bitcoin is indeed down as Solana, XRP and Dogecoin continue their decline, triggered by the LIBRA memecoin scandal. What does the future hold? Diversify and pick your assets wisely.βοΈ
β¬οΈ BTC Main: -6.34%
β¬οΈ ETH Main: -13.13%
β¬οΈ BTC Combo: -9.46%
β¬οΈ ETH Combo: -17.79%
β¬οΈ Stable Index: -0.01%
β¬οΈ ALGA10: -10.78%
β¬οΈ ALGA5: -10.27%
β¬οΈ ALGAGPT7: -16.16%
β¬οΈ Wallet Index: -14.09%
β¬οΈ DeFi Index: -18.84%
β¬οΈ DEX Platforms Index: -16.55%
β¬οΈ AI Index: -25.27%
β¬οΈ MEMES Index: -19.99%
β¬οΈ Smart Contract Index: -15.04%
β¬οΈ PolkaDot Index: -17.9%
β¬οΈ MetaVerse Index: -22.59%
β¬οΈ RWA Index: -15.99%
β¬οΈ BEST: -19.13%
β¬οΈ AlgaGS: -11.88%
β¬οΈ AlgaVE: -9.76%
β¬οΈ AlgaBR: -8.89%
β¬οΈ CryptoTiger: -21.08%
β¬οΈ CryptoStudent: -17.11%
β¬οΈ Pentagon Index: -9.78%
β¬οΈ BukS Index: -29.36%
β¬οΈ Krupin Index: -26.95%
β¬οΈ CryptoMentors: -26.28%
β¬οΈ Skyrocket Crypto: -18.03%
β¬οΈ Zilliqa: -20.98%
β¬οΈ EMCD: -15.13%
π Find out more
The crypto marketβs cap is 3% lower than a week ago, and investorsβ fear and greed index is largely indicating caution. Bitcoin is indeed down as Solana, XRP and Dogecoin continue their decline, triggered by the LIBRA memecoin scandal. What does the future hold? Diversify and pick your assets wisely.
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Bybit Survives $1.4B Hackπ»
The whole world is discussing the largest hack in crypto history, as the Bybit exchange manages its consequences.βοΈ
Friday night, close to $1.5B worth of Ethereum has been transferred to an unknown address during the routine transfer from the companyβs cold wallet to a warm wallet.
Bybit has, however, successfully withstood an outflow of over $6.1 billion over the weekend. Additionally, the exchangeβs CEO has announced that the platform has already replaced $1.4 billion worth of Ether stolen in the attack.
βBybit is again back to 100% 1:1 on client assets through Merkle tree.β, Ben Zhou said on Twitter.
While a stressful event for the market, recovery is underway due to Bybitβs swift action. This reminds us, yet again, of the importance of choosing reliable platforms.π―
π Stay safe. alga.finance
The whole world is discussing the largest hack in crypto history, as the Bybit exchange manages its consequences.
Friday night, close to $1.5B worth of Ethereum has been transferred to an unknown address during the routine transfer from the companyβs cold wallet to a warm wallet.
Bybit has, however, successfully withstood an outflow of over $6.1 billion over the weekend. Additionally, the exchangeβs CEO has announced that the platform has already replaced $1.4 billion worth of Ether stolen in the attack.
βBybit is again back to 100% 1:1 on client assets through Merkle tree.β, Ben Zhou said on Twitter.
While a stressful event for the market, recovery is underway due to Bybitβs swift action. This reminds us, yet again, of the importance of choosing reliable platforms.
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