Thursday, September 21, 2023
HomeEthereumMooners and Shakers: Avalanche slides on whistleblower drama; Bitcoin and Ethereum rebound...

Mooners and Shakers: Avalanche slides on whistleblower drama; Bitcoin and Ethereum rebound (a bit)

ethereum pump

The latest from Jerome Powell speech Days pass, and the crypto caravan moves on. Bitcoin bounces above his US$20,000 and Ethereum finds resilience, but Avalanche has some issues…

There has been some controversy over the Avalanche Layer 1 protocol that crashed the AVAX token yesterday…

Things have picked up a bit since then, but the token is still down nearly 15% week-on-week.

what happened? In a way, this is…

• Self-proclaimed cryptocurrency ‘whistleblower’ website Crypto Leaks published the report This week, Ava Labs claimed to have paid law firm Roche Freedman to sue Avalanche’s competitors.

• Crypto Leaks also posted a series of unnamed secretly recorded videos that appear to detail the relationship between lawyer Kyle Roche and Ava Labs executives.

• The report implied that the law firm was paid by Avalanche’s creators to help harm competitors, including main rival Solana, and keep regulatory scrutiny away from Avalanche.

• Attorney Kyle Roche later said his statements about Ava Labs were “deceptively obtained” by employees of Avalanche rival Dfinity founder Dominic Williams.

• The same Crypto Leaks report also suggests that Ripple Labs CEO Brad Garlinghouse has been implicated in a similar scheme targeting Roche Freedman-related competitors. Garlinghouse strongly denied any such behavior and even refused to meet Roche.

A quick scan of the Avalanche token on CoinGecko reveals that the ecosystem has taken a bit of a hit with the news. For example, DeFi protocols Trader Joe (JOE), Pangolin (PNG), and Avalaunch (XAVA) are all down around 15%-20% over the week-long timeframe.

Top 10 Summary

The total market capitalization of crypto assets is US$1.2 trillion, up about 3.4% from yesterday. coin gecko.

After dipping below $1 trillion yesterday, the cryptocurrency market cap has regained its magic numbers in the daily spin of the chocolate wheel.

Ethereum (ETH), which led yesterday’s decline, is now up nearly 8% in the last 24 hours at the time of writing, raising the flag of daily gains.

In addition to so many conflicting analyses, the protocol’s mythologized next upgrade (The Merge) News-selling trash can firethe near-term future of ETH seems difficult to judge right now.

That said, there is a rift between European trader/analysts Rekt Capital and Michaël van de Poppe…

Upper and Downer: 11–100

Let’s sweep the rest of the top 100 across the market cap range of about US$8 billion to about US$412 million and find some of the biggest 24-hour gainers and losers as of this writing. . (Accurate stats at time of publication based on data from

daily pumper

synthetics (SNX), (Market cap: USD 803 million) +16%

Lido DAO (LDO), (mc: USD 1.07 billion) +15%

cosmos hub (ATOM), (mc: USD 3.4 billion) +13%

flow (FLOW), (mc: USD 1.98 billion) +12%

Kusama (KSM), (mc: $445 million) +9%

Daily Slumpers

chain (XCN), (Market cap: USD 1.8bn) -4%

Tenset (10SET), (mc: $459 million) -1%

around the block

The choices of randomness and appropriateness that pierced our minds in our mornings travel the Crypto Twitterverse…

Snoop Dogg and Eminem performed a Bored Ape-themed MTV/VMA performance…

However, it turns out that it doesn’t exactly get 5-star reviews on Crypto Twitter and Reddit…

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