Market News
Welcome to CoinEdition’s page for Market News! On this page, we’ll talk about all the latest developments in the cryptocurrency and blockchain market. CoinEdition ensures that you, our readers, are up to date with Market News happening 24/7 and from all over the globe. Market News, by definition, is important because these developments can quite literally affect the state of the market and thus your investments. Therefore, it is our responsibility at CoinEdition to compile all the Market News for posterity’s sake and for the sake of your investments. Therefore, grab your Press Releases and Announcements, and let’s dive into the shaky but exciting world of Market News here at CoinEdition.
Japan Considers Slashing Crypto Tax from 55% to 20% to Boost Investment
Japan’s Financial Services Agency (FSA) is considering lowering the tax rate on cryptocurrency gains. According to Colin Wu, the tax rate would be slashed from 55% to 20%, a move...
Altcoin Market Drops $234 Bilion; Bitcoin Outshines ERC-20 Tokens
Over the past two weeks, the altcoin market slumped, erasing roughly $234 billion in market capitalization. The steep drop raised concerns about the crypto market’s durability, especially as Bitcoin stayed...
D.O.G.E. Saves U.S. Taxpayers $84B in First Weeks of Trump’s Presidency, But Critics Slam Cost-Cutting Moves
In the first few weeks of President Donald Trump’s administration, the new Department of Government Efficiency (D.O.G.E.) has reportedly saved U.S. taxpayers an estimated $84 billion. That breaks down to...
Powell Cancels Any CBDC Plans, Instead Trusts FedNow for U.S. Payments
Fed Chair Jerome Powell has canceled plans for a U.S. central bank digital currency (CBDC) under his tenure, reaffirming the Fed’s dedication to the current financial system. The statement came...
Trump Nominates a16z’s Quintenz as CFTC Chief for Crypto Oversight
Former CFTC commissioner Brian Quintenz is slated to take the helm of the Commodity Futures Trading Commission (CFTC) under the Trump administration. Fox Business reporter Eleanor Terrett stated that Trump...
Elon Musk’s DOGE is Now Investigating Wealthy Federal Employees for Potential Fraud
Elon Musk’s Department of Government Efficiency (D.O.G.E) is investigating federal employees whose net worth appears disproportionate to their salaries. The office, established by President Donald Trump, aims to identify financial...
Trump-Linked World Liberty Financial Grows Its ETH & MOVE Position Despite $21M Loss
World Liberty Financial, linked to Donald Trump’s family, is continuing to invest in cryptocurrencies despite mounting losses. Data from Lookonchain shows that the firm has once again bought into large...
DeFi Platform zkLend Hit by Hacker – $900K Whitehat Bounty on the Table
On February 12, zkLend, a decentralized finance (DeFi) platform, dropped news on social media that it’s been whacked by a hacker attack. Quickly reacting, the company sent out a message...
Novogratz: Bitcoin’s Next Stop? The US Government’s Balance Sheet
Mike Novogratz, founder and CEO of Galaxy Digital, brimmed with enthusiasm at the recent Ondo Summit, where he delivered an unexpected remark that stirred the crypto community. Novogratz Predicts Bitcoin...
480k to 146k: Bitcoin’s OTC Exodus and the Bull Market Debate
There has been a substantial decrease in Bitcoin balances held by Over-The-Counter (OTC) desks. Back in September 2021, these balances were approximately 480,000 BTC, but now, they have declined to...
Binance Goes Big on Stablecoins, Dumps Billions in Bitcoin & ETH
Binance has significantly reduced its Bitcoin (BTC) and Ethereum (ETH) holdings, converting a large portion of these assets into the stablecoin USDC. According to data shared by AB Kuai Dong,...
Bitcoin, XRP, SOL, and ADA Face Pullback as TD Sequential Flashes Sell Signals
Bitcoin (BTC), XRP, Solana (SOL), and Cardano (ADA) might face a brief pullback, according to analyst Ali Martinez. The TD Sequential indicator is flashing sell signals on their hourly charts,...
Japan’s Gaming Giant Gumi Dives into Bitcoin: $6.6 Million Crypto Purchase Announced
Gumi, a publicly traded Japanese game studio, has decided to buy 1 billion yen worth of Bitcoin, that’s equivalent to $6.6 million. In a press release, the Japanese gaming giant...
Saylor’s Strategy Adds $742M Bitcoin, Stacks Total BTC to $31 Billion
Strategy, the former MicroStrategy, has snapped up yet another 7,633 bitcoins worth a staggering $742.4 million at an average $97,255 per coin. The company’s total BTC holdings now reach 478,740...
FTX Creditors to Be Repaid Starting Feb 18, but at 2022’s Rock-Bottom Prices
Nearly two years since its collapse in November 2022, the now-defunct crypto exchange FTX will begin its much-awaited creditor repayments starting February 18th. And so now, crypto market watchers are...
SEC Review Underway for Cboe’s In-Kind Crypto ETF Filings
The US Securities and Exchange Commission (SEC) has acknowledged an amendment for Cboe’s 19b-4 filing to allow in-kind creations and redemptions on Ark’s 21Shares Bitcoin and Core Ethereum ETF. In...
Solayer (LAYER) Launches on Binance, Bithumb, KuCoin and MEXC
Top digital asset trading platform Binance has revealed that Solana-based restaking network Solayer (LAYER) will be the 8th project on HODLer Airdrops, a program that rewards BNB holders based on...
Crypto Recovery in Full Swing: $6 Billion Inflow Reverses Early February Selloff
To say cryptocurrencies had a rough February start is an understatement. In the first week of the month, the crypto market cap experienced a drastic decrease. Going by the numbers...
KuCoin Launches Solayer (SOLAYER) Spot Trading Today
Crypto exchange KuCoin has announced the listing of Solayer (SOLAYER) on its spot trading platform. Users can now trade the SOLAYER/USDT pair on the platform. According to the announcement, the...
New XRP Investment? XRP Depositary Receipts (DRs) Launch for Traditional Investors
Receipts Depositary Corporation (RDC) has just dropped the news about XRP Depositary Receipts (XRP DRs), a new financial tool that lets investors get in on XRP action without directly owning...
XRP ETF Approval: SEC Odds a Coin Toss, Say Analysts – Litecoin & Doge Have Better Shot?
The question of an XRP ETF receiving approval from the U.S. Securities and Exchange Commission (SEC) is very much up in the air. According to Bloomberg analysts Eric Balchunas and...
Japan’s Pro-Bitcoin Company’s Stock Soars 4,000% in the Past One Year
Donald Trump’s pro-crypto push is driving a surge in Bitcoin demand across the globe. According to a Bloomberg report, this push has ignited a spike in Bitcoin demand in Japan,...
BitBoy Blows Whistle: Alleges Extortion, Fraud in Lamborghini & Crypto Empire Feud
Ben Armstrong, better known as BitBoy, has gone public with serious accusations against former business associates, claiming they engaged in extortion, fraud, and organized crime. This messy situation, fueled by...
Is the Ripple Lawsuit Set for a Breakthrough After SEC and Binance Agree to Pause Suit?
The U.S. Securities and Exchange Commission (SEC) and Binance recently filed a joint motion to put their lawsuit on hold for 60 days. Filed with the U.S. District Court for...
Crypto Regulation Update: Fed Governors Speeches Signal Change
FOX reporter Eleanor Terrett recently took to her X account to highlight a shift in the Federal Reserve’s approach to cryptocurrencies. According to Terrett, a pair of speeches delivered on...
