Crypto

The decentralized finance (DeFi) sector is currently experiencing a notable resurgence, with key metrics such as active loans and total value locked (TVL) showing significant growth from their 2023 lows. DeFi lending, which allows investors to lend their crypto holdings in exchange for interest, plays a crucial role in indicating DeFi participation and overall market

Bitwise CIO Matt Hougan’s recent call to crypto investors to reconsider Bitcoin’s potential upside comes at a crucial time in the market. While many have been focused on the downside risks, Hougan believes that the recent developments at the Bitcoin2024 conference indicate that the market is “not bullish enough” about the flagship cryptocurrency. The Bitcoin2024

Recent data shows that the nine spot Ethereum ETFs in the US experienced net outflows amounting to $77.21 million on Wednesday. This marks a significant reversal from the previous day’s positive trend. These outflows coincide with Ether’s price dropping below $3,200. Notably, the Grayscale Ethereum Trust (ETHE) recorded a massive $133.33 million in net outflows

In the first two quarters of 2024, meme coins experienced a surge in popularity, with many investors jumping on the bandwagon. However, recent data indicates that the market has cooled off significantly since the spring. While a few lesser-known meme coins such as doginme, Kimbo, Turbo, Dogelon Mars, and Coq Inu have seen gains ranging

Recent developments in the cryptocurrency market have brought about heightened volatility, impacting investor sentiment across the board. Bitcoin (BTC) experienced a notable price surge, reaching nearly $70,000 on July 29, only to see a sharp decline below $66,000 the following day. Currently, BTC is trading around $66,300, according to CoinGecko’s data. This market correction was

XRP has seen a significant surge in its price, climbing to $0.66 on Wednesday, marking an 8% increase over the past 24 hours. This surge comes amidst important developments in the XRP ecosystem and renewed investor optimism in the market. One key factor contributing to this upward price action is the growing accumulation trend among

BlackRock, one of the largest asset managers in the world, has made it clear that they currently have no plans to launch a Solana (SOL) ETF in the near future. This decision comes despite the tremendous success of their Bitcoin and Ethereum spot ETFs that were launched earlier this year. BlackRock’s Chief Investment Officer, Samara

In today’s rapidly evolving financial landscape, transparency is key when it comes to investments in the crypto market. Recently, 21Shares, a part of 21Shares AG, made an important announcement regarding the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This move highlights the company’s commitment to improving transparency in its offerings, particularly the

The US Securities and Exchange Commission (SEC) has announced its plans to amend the original complaint against Binance, a prominent cryptocurrency exchange platform. This move by the SEC could potentially eliminate the need for the court to make a decision on tokens that were previously categorized as securities. The joint filing, which was made public

Shiba Inu, a popular meme coin, experienced a 3% price dip amidst a substantial plunge in the cryptocurrency market. This drop was largely attributed to the US government’s decision to move $2 billion worth of bitcoin holdings to a new address, potentially signaling a sale. However, despite this initial setback, there are indicators suggesting a

Ripple’s XRP has shown significant volatility in its price movement in the past few weeks. Starting below $0.40, it quickly rose to over $0.63 before retracing below $0.55. Currently, it has consolidated around $0.60, showing signs of uncertainty in the market. One user pointed out the tight Bollinger Bands, indicating a potential large price movement

Bitcoin has approached its all-time high before facing rejection, showcasing the volatility that comes with crypto assets. The recent surge in bitcoin price is supported by various factors, such as surpassing the average realized price for short-term investors after crossing the $63,500 mark. This indicates renewed market strength and confidence among investors. Market capitalizations of

Solana (SOL) has recently made significant strides in the cryptocurrency market, climbing to become the fourth-largest digital asset by market capitalization. With daily price gains of nearly 5%, SOL is currently trading at around $192, with a market cap approaching $90 billion. This surge in value has propelled SOL above Binance Coin (BNB) in terms

Shibarium, the layer-2 blockchain solution for Shiba Inu, has recently reached a milestone by processing over 6 million blocks. This is a significant achievement considering the protocol was officially launched less than a year ago. The increase in processed blocks indicates a surge in activity within the network, as well as a growing interest in

In a bold move that has sparked a lot of discussion and debate, Republican representative for Wyoming proposed the idea of creating a strategic Bitcoin reserve for the United States. This idea was presented at the Bitcoin 2024 Conference in Nashville on July 27, with the goal of securing the country’s economic future and solidifying

Wong Ching-kit, a Hong Kong native and self-proclaimed crypto promoter, has found himself in hot water due to his alleged involvement in various criminal activities, including a cryptocurrency scam amounting to over HK$3 million ($384,310). Known as the “Coin Young Master,” Ching-kit has a troubled past that involves brushes with the law, including theft convictions

In the fast-paced world of cryptocurrency trading, meme coins have emerged as a popular and potentially lucrative investment option. These digital assets, characterized by their humorous or quirky branding, have captivated the attention of traders looking to capitalize on short-term price surges and significant returns. One such example is Pepe (PEPE), a meme coin that

In the midst of the crypto bull run of 2021, non-fungible tokens (NFTs) and the cryptocurrencies tied to them emerged as a dominant trend. While the hype has somewhat subsided, the market for these coins still remains active, boasting a total market capitalization exceeding $30 billion according to CoinGecko’s data. A recent ranking by Santiment

With the upcoming US presidential elections featuring a diverse range of candidates such as Donald Trump, Kamala Harris, Robert Kennedy, the possibility of a new leader has raised questions about the future of the cryptocurrency market. Among these candidates, Robert Kennedy stands out with his pro-crypto policies, sparking speculations about the potential impact on Bitcoin’s

Ferrari, the renowned Italian luxury sports car manufacturer, is set to expand its cryptocurrency payment system to its network of European dealers by the end of July. This strategic move is aimed at further modernizing the payment options available to customers across Europe. By leveraging digital currencies, Ferrari intends to streamline transactions and attract a

The launch of spot Ethereum ETFs was met with anticipation, but the immediate results have been quite underwhelming. Comparisons have been drawn to the spot Bitcoin ETF launch earlier in the year, where the numbers tell a different story. On the first day of trading, the nine spot Ethereum ETFs saw solid net flows of

The year 2024 has been eventful for the cryptocurrency industry, with significant developments occurring not only for Bitcoin but also for Ethereum. The validation of almost ten exchange-traded funds tracking Ethereum’s performance, approved by the US Securities and Exchange Commission, marked a milestone for the digital asset. However, the initial days of trading for these

Jan van Eck, the CEO of VanEck, an investment management company, recently expressed his confidence in Bitcoin during the BTC Conference in the United States. He revealed that he has allocated more than 30% of his portfolio to the primary digital asset, showcasing his bullish outlook on the cryptocurrency. Van Eck, known for launching spot

Kennedy is proposing a bold idea – for the federal government to purchase Bitcoin until its value matches the nation’s gold reserves. This would mean acquiring approximately 9.4 million BTC, or 45% of the total Bitcoin supply. His belief is that Bitcoin is an “honest currency” that should be treated with the same regard as

As several Ethereum ETFs went live this week, there was anticipation for a positive price impact. However, the reality was quite different as the price fell by over 10%, turning the ETF launch into a sell-the-news moment. The support level at $3,300 also flipped into a resistance, indicating bearish sentiment. If buyers fail to reclaim

The upcoming Bitcoin options expiry event on July 26 is set to see around 61,200 contracts with a notional value of $4.26 billion. This particular expiry is larger than usual due to it being the end of the month. The put/call ratio for these contracts stands at 0.61, indicating that almost twice as many long

A Bitcoin mining device called “Bitaxe,” with a hashrate of only 500 gigahashes per second (Gh/s), defied the odds by mining a block on July 24. This achievement is remarkable considering that the device has just a 1 in 1.1 billion chance of achieving this feat every ten minutes. Produced by D-Central Technologies, the Bitaxe