In the last 24 hours, the cryptocurrency market has experienced a significant decrease in total capitalization, dropping to $2.07 trillion. This 8.6% decrease has had a major impact on leading digital assets, with many seeing losses and only a few managing to maintain positive momentum. The primary cryptocurrency, Bitcoin, has been hit hard, with its
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The recent plummet in Bitcoin price has been largely attributed to the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution represents a substantial portion of the total Bitcoin supply, causing market anxiety among investors and analysts. The fear of massive selling by these creditors has led to preemptive selling
In the midst of the recent turmoil in the cryptocurrency market, Ethereum (ETH) has not been immune to the chaos. With a notable 9% decrease in price over the past week, Ethereum now stands at the $3,130 level. Market watchers are keeping a close eye on the situation, with a particular focus on key levels
Bitwise, a prominent asset management firm, recently made amendments to its S-1 registration statement with the SEC in order to list and trade shares of a spot Ether exchange-traded fund (ETF). The decision to amend the registration statement comes after SEC Chair Gary Gensler’s announcement that approvals for spot Ether ETFs could potentially be finalized
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a strong background as a web3 content writer, journalist, and aspiring trader. His writing skills have led him to contribute to various well-known platforms in the industry, such as AMBCrypto, Blockchain.News, and Blockchain Reporter. Edyme’s journey into the world of cryptocurrency was not without
Bitcoin has recently experienced a dip below $60,000, causing concern among investors. However, crypto expert Michael van de Poppe believes that there is hope for a rebound. He points to the closure of Bitcoin’s CME gap as a positive sign, suggesting that the cryptocurrency could see a relief bounce from its current price level. Van
BitMEX, a derivatives exchange based in Seychelles, has recently introduced the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative product is aimed at providing traders with the opportunity to access a variety of meme coins in the market through a single contract. Referred to as the “S&P500 for crypto meme coins,” this new offering enables
Recently, the Financial Supervisory Service (FSS) in South Korea has announced plans to tighten oversight of cryptocurrency trading platforms under its jurisdiction. The goal is to eliminate fraudulent transactions within the crypto space. The regulator has mandated that local exchanges must establish a continuous monitoring system for unfair transactions and report any abnormal activities via
The Bitcoin network is currently experiencing some signs of miner capitulation. This phase typically involves miners either shutting down their operations or selling off some of their Bitcoin holdings. Interestingly, historical data suggests that such a period often precedes a bottoming out of Bitcoin prices, signaling a potential uptrend for the digital asset. Since the
DraftKings, a leading online sportsbook operator, is currently facing legal challenges, particularly regarding the DraftKings NFT lawsuit. The recent ruling by a US District Judge in Massachusetts rejecting DraftKings’ motion to dismiss a class action lawsuit related to its NFTs has significant implications for the classification and regulation of NFTs. The class action lawsuit, initiated
The recent crash in the crypto market has led to a state of panic among investors, with Bitcoin and altcoins taking a hit. As the Bitcoin price continues to plummet, thousands of traders have found themselves in a difficult position, resulting in losses totaling hundreds of millions of dollars in just one day. In the
In a recent court ruling on Binance’s BNB token, Ripple has found an opportunity to argue against harsh penalties from the SEC for XRP sales. The company cited the lack of regulatory clarity as a key defense in their case. Ripple’s argument hinges on the idea that the ruling in the Binance case supports their
Ethereum (ETH) is currently facing a significant downturn in its price, with a rapid approach towards the crucial support level of $3,051. This sudden drop in value is indicative of increased selling pressure and a growing bearish sentiment prevailing in the market. Traders are now closely observing Ethereum’s behavior as it nears this critical support
Bitcoin, despite facing significant bearish trends in the market, has not deterred large investors with holdings exceeding $600,000 from accumulating more BTC over the past six months. According to data from Santiment, these major players holding 10 BTC or more have been consistently increasing their holdings by 1.07% during this period. While this might appear
The recent surge in the price of meme coin DADDY by 35% has caught the attention of many investors in the cryptocurrency market. This sudden increase in value was sparked by a bold announcement from Andrew Tate, a former kickboxer and online influencer, encouraging DADDY holders to accumulate more assets within a limited time frame.
Meta’s CEO, Mark Zuckerberg, envisions a future where smart glasses equipped with holographic displays will revolutionize the way we communicate and interact with the digital world. In a recent interview, Zuckerberg highlighted the potential of these glasses to eventually replace smartphones as the primary device for daily activities. While critics have been skeptical of Meta’s
In a recent statement, crypto exchange KuCoin announced that they would begin collecting a 7.5% value-added tax on trading fees from Nigerian users starting on July 8. This decision is said to be in compliance with an important regulatory update in the country. The 7.5% VAT will be applied to each trade’s transaction fees, signaling
Cardano (ADA) has shown a significant correlation with the broader market in recent months, experiencing a retracement from its yearly high of $0.810 in March to as low as $0.357 on June 22. However, in a surprising turn of events, ADA has diverged from the struggles of Bitcoin (BTC) and Ethereum (ETH), with a 2%
Asset managers are eagerly anticipating the potential approval of the first U.S. ETFs directly investing in Ethereum by the Security and Exchange Commission. The deadline for updated paperwork and amended S-1s is set for July 8, with the possibility of additional rounds of filings. Despite minor questions from the SEC, asset managers like Steve Kurz
The recent setback in the price of Ethereum (ETH) has left investors disappointed, as the cryptocurrency briefly surpassed the $3,500 mark before dropping back to the $3,400 support level. The delay in price movement can be attributed to the postponement of the full approval by the SEC for Ethereum ETF applications, which were originally anticipated
Tom Lee, the head of research at Fundstrat, has recently reiterated his prediction that Bitcoin will surge to $150,000. He strongly believes in Bitcoin’s bullish outlook and is confident that the pioneer cryptocurrency will soon break out of its bearish trends. In a recent interview with CNBC Television, Lee expressed a positive outlook on Bitcoin’s
Galaxy Digital CEO, Mike Novogratz, recently shared his views on the future regulatory environment for cryptocurrencies in the US, emphasizing the importance of bipartisan support. According to Novogratz, fostering a bipartisan approach towards crypto is crucial. He believes that having both parties on board is essential for the growth and development of the industry. While
SBI Holdings, a well-known financial services company based in Tokyo, Japan, has recently revealed its plans to introduce an NFT minting service on the XRP Ledger for the upcoming World Expo 2025. This initiative is part of the larger ‘EXPO 2025 Digital Wallet’ project, which aims to provide a digital wallet app service connected to
Billionaire investor Mark Cuban has recently made a push for the US Securities and Exchange Commission (SEC) to make modifications to Form S-1 in order to make it easier for token-based companies to register with the authorities. This move comes in response to a footnote from SEC Commissioner Mark Uyeda, who criticized the current approach
Despite a 15% decrease in Bitcoin’s price since mid-March, there are indications that the bull run may not be coming to an end as many fear. One crucial metric to consider is the Fear and Greed Index, which measures investor sentiment on a scale from 0 to 100. With the index recently entering “fear” and
In the first half of 2024, Bitcoin and Ethereum have overshadowed traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. Matrixport’s July 1 post highlighted that both cryptocurrencies are leading the pack halfway through the year. The approval of spot Bitcoin ETFs in January played a significant role
Binance.US, the American arm of the leading cryptocurrency exchange Binance, is facing a legal battle with the Securities and Exchange Commission (SEC). The SEC has alleged securities law violations against Binance.US, leading to a court case that is progressing despite the exchange’s attempts to dismiss the charges. On June 28, US District Judge Amy Berman