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Agency 63

Crypto Liquidations Surge, Ethereum Loses $1,550 Price Level

After a strong recovery during the first half of August, crypto assets like Bitcoin and Ethereum witnessed a substantial price correction during the last week. Bitcoin lost more than 12% of its value and dipped below $21,000 on Monday.Ethereum, on the other hand, saw a correction of nearly 18% as the world’s second-most valuable digital…

Hodlnaut Encounters A Financial Deficit Of $193 Million: Report

A report published by the Block states that the crypto lender platform Hodlnaut is currently facing a financial deficit of $193 million  The report further states that Hodlnaut had earlier invested funds in Terra’s failed stablecoin protocol UST Per a report published by the Block, the troubled crypto lender platform has encountered a financial deficit…

Pudgy Penguins NFT Collection Sees 400% Increase In The Depths of The NFT Bear Market

Pudgy Penguins’ strength in the bear market depths could indicate the collection’s blue-chip potential. The NFT collection has increased approximately 400% over the past 24 hours, according to Opensea data. Pudgy Penguins’ NFT collection has seen its share of ups and downs since the release of its collection in June 2021...

Source Protocol & EonXI Lab Launch Joint Venture To Lead Web 3.0 Industry

United in their mission to drive mass adoption of Web 3.0 technology, Source Protocol Ltd and EonXI Lab have announced an exciting new joint venture, SourceWorld. SourceWorld will where their teams of experienced developers, motion graphics designers, 3D artists, and more, will be focused on building enterprise-grade Web 3.0 infrastructure and products on SOURCE Blockchain’s…

Recession Watch: It Doesn’t Seem Imminent—But The Housing Market Collapse Deepens As Fed Officials Warn ‘Economy Will Slow’

Topline Cooling inflation has helped temper concerns of an imminent recession, particularly as the job market continues to show historic strength, but a worsening housing market collapse and vast uncertainty over the course of the Federal Reserve’s interest hikes have many experts, including policy officials, warning that it's still too early to know just how…

Gas Drops Below $3.50 A Gallon In These 10 States—With More Likely To Come

Topline The two-month tumble in U.S. gas prices shows no sign of slowing as fall approaches, which typically brings a seasonal drop in demand that experts say could push the national average below $3.50 a gallon–but cheaper prices are already here in these states. Key Facts Arkansas boasts the cheapest statewide average price for a…

Tropical Storm Warning Issued For South Texas As Hurricane Season On Verge Of Breaking Lull

Topline Portions of the south Texas coast are bracing for tropical storm conditions that could bring flooding rains Saturday afternoon into Sunday morning as an area of low pressure in the Gulf of Mexico appears poised to become the first tropical storm in the Atlantic basin since July 3. Key Facts A tropical storm warning…