HYPE Price Under Pressure: $12B Unlock and Hayes’ Ferrari Sale Shake Confidence
The Hyperliquid (HYPE) token is under heavy selling pressure as concerns mount over a looming $12 billion unlock event. Trading at $43.37, HYPE has fallen more than 12% in the past 24 hours and is down 20.8% this week, raising alarm across the crypto market. Related Reading: Is Shiba Inu At Risk Of Losing Its […]
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Arthur Hayes, the co-founder of BitMEX, has exited his HYPE holding and signaled the cash will help cover a Ferrari deposit after a sizable on-chain sale late this week. Related Reading: Coinbase Faces Customer Fury — Exec Promises To Do Better Based on reports, the move saw Hayes convert a large HYPE stake into roughly […]
The Italian luxury sports car manufacturer headquartered in Maranello, Italy, Ferrari has announced the firm is partnering with Velas Network AG, a firm that specializes in blockchain and non-fungible token (NFT) technology.
Ferrari Reveals Partnership With Blockchain Firm Velas
On December 27, Ferrari the well known luxury sports car maker founded in 1939 by Enzo Ferrari revealed the firm is stepping into the world of creating “exclusive digital content.” The racing division Scuderia Ferrari announced that the Italian car manufacturer has partnered with Velas....
Uniswap’s UNI token launch generated massive hype for around 24 hours, leading the token’s price to surge up to highs of $8.50 before the hype faded and the cryptocurrency’s price plunged lower. It doesn’t appear that the hype will return anytime soon, as the token has since erased the vast majority of its gains and […]
Today, Ferrari announced the extension of its crypto payment options to its network of European dealers, a move set to take effect by the end of this month. This expansion follows a successful inaugural rollout in the United States last year. Buy Ferraris With Crypto Across Europe The Italian luxury sports car manufacturer initially revealed […]
Ferrari Chief Executive Officer Benedetto Vigna said that the luxury sports car manufacturer is vying to enter the blockchain, the metaverse and non-fungible token (NFT) industry in the future. The top honcho also stated they will continue to invest in its cryptocurrency activities soon. In the company’s quarterly earnings call, Vigna ascertained to the public […]