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.
South Korea Confirms Crypto Tax in 2025 With Revised 20% Scheme
Jin Sung-joon, Chairman of the Korean Democratic Party’s policy committee, has confirmed that crypto taxation will begin in January 2025. Addressing concerns about technical and practical challenges during an interview...
Australia to Adopt OECD Crypto Reporting Model for Tax Transparency
The Australian Treasury has released a consultation paper addressing plans to enhance tax transparency by adopting the Crypto Asset Reporting Framework (CARF). Developed by the Organization for Economic Cooperation and...
Trump Appoints Scott Bessent as Treasury Secretary, Eyes Crypto-Friendly SEC Chair Next
President-elect Donald Trump has named Scott Bessent, an experienced investor and hedge fund manager, as the next Treasury Secretary. This significant appointment marks the first major move by Trump’s administration...
SEC Leadership in Flux: Gallagher Out, Atkins Leads Chair Race Odds
Dan Gallagher, Robinhood’s Chief Legal Officer, has withdrawn from consideration for the U.S. Securities and Exchange Commission (SEC) chair position. Once regarded as the top contender to replace Gary Gensler,...
PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb?
An analysis of the recent price movements of PNUT, WIF, and PEPE, highlights their bullish trends. These patterns, coupled with strategic support and resistance levels, provide insights into their potential...
Crypto Unlocks: $475 Million in Tokens to Be Released This Week
The crypto market is bracing for a significant wave of token unlocks, with over $475.5 million worth of tokens set to be released from November 25 to December 1, 2024....
SEC’s Dealer Rule Struck Down: DeFi Exchanges Safe from Overreach
A U.S. District Court struck down the SEC’s controversial Dealer Rule, declaring it exceeded the SEC’s statutory authority under the Exchange Act. The court sided with the plaintiffs, including key...
Why Are LUNA, CRV, GMT, and FTT Experiencing a Surge? Key Insights for Newcomers
The cryptocurrency market has shown an unexpected surge in the value of several tokens, with LUNA, CRV, GMT, and FTT posting significant gains. Investors demonstrate heightened interest in these tokens,...
DOJ Shuts Down PopeyeTools, Recovers $283K in Crypto
The U.S. Department of Justice (DOJ) shut down the PopeyeTools marketplace, an illicit website known for offering stolen credit card data and fraud tools. The DOJ filed criminal charges against...
Ripple CEO Optimistic as Gensler’s SEC Exit Aligns with Trump’s Inauguration Day
Ripple CEO Brad Garlinghouse sees a turning point for the crypto industry as SEC Chair Gary Gensler announces his resignation, effective January 20, 2025, the day of President-elect Donald Trump’s...
CBOE is Not Giving Up on Solana ETFs: But Will the SEC Approve?
CBOE Global Markets re-submitted proposals to the Securities and Exchange Commission (SEC) for four Solana ETFs; the ETF issuers being VanEck, 21Shares, Canary Capital, and Bitwise. Bloomberg Senior ETF Analyst...
South Korea Confirms 2025 Crypto Tax, Eyes Overseas Transactions
South Korea reaffirmed its plan to tax virtual currency gains starting January 1, 2025, after a series of delays that pushed back the policy from its original 2022 launch date....
FTX to Return $16 Billion to Users: Payouts to Start in March 2025
FTX announced plans to distribute $16 billion in recovered funds to creditors and customers. The company expects to complete its Chapter 11 Plan of Reorganization by January 2025, with initial...
Trump’s Crypto Agenda: Hoskinson Rumored for Treasury Secretary Role
Speculations have continued to heighten over a potential role for Cardano founder Charles Hoskinson in the incoming Donald Trump administration. Hoskinson’s name keeps popping up among political discussions, with some...
Worldcoin (WLD) at Crossroads: Breakout or Breakdown?
Worldcoin (WLD) is at a critical juncture, with recent market activity suggesting the token is poised for either a breakout or a further decline. Currently trading at $2.09, WLD has...
Meme Coin Promotion Shifts to TikTok as CHILLGUY Goes Viral
The viral nature of meme coins is evolving as promotion shifts from X (formerly Twitter) to platforms like TikTok, where the Gen Z demographic is amplifying trends. A prime example...
Whales Shift Focus to Under-the-Radar Crypto Projects
Whale activity has shifted from large-cap cryptocurrencies to lesser-known projects this week. This indicates growing interest in under-the-radar assets that may yield higher returns in volatile market conditions. According to...
Apple macOS/iOS Security Flaw: CZ Warns Crypto Users at Risk
Binance co-founder Changpeng Zhao warned his followers about a recently confirmed vulnerability in Apple’s macOS and iOS systems. In a post on X, Zhao urged users of MacBooks with Intel-based...
Shiba Inu Whales: Are They Signaling a Bull Run?
Shiba Inu (SHIB) is again capturing crypto whales’ attention, with recent data revealing significant accumulation among top-tier wallets. This renewed interest raises the question: Is whale activity signaling an impending...
Cardano Tops Poll with 45.9% Vote to Overtake Ethereum
Cardano has emerged as a leading contender in the crypto community’s vote for the blockchain most likely to challenge Ethereum’s dominance. In a recent poll by Altcoin Daily, 45.9% of...
Polymarket Bets on the Next Binance Memecoin Listing
Polymarket, the world’s largest prediction market, recently hosted a betting event on which memecoin will be listed next on Binance, the world’s largest digital asset trading platform. The options included...
Crypto Tax Evaders Face Crackdown in South Korea
South Korea is cracking down on those using cryptocurrencies to evade taxes as the country prepares to implement a new 20% tax on crypto gains. This move by the National...
A $6.2 Million Banana, Bought with Crypto
Justin Sun has purchased Maurizio Cattelan’s controversial artwork, Comedian—a banana duct-taped to a wall—for $6.2 million at a Sotheby’s auction in New York. The sculpture, which sparked widespread debate became...
FTX Fraud Case: Gary Wang Spared Prison, But Instead Forfeits $11 Billion
Gary Wang, co-founder and former Chief Technology Officer of FTX, has been spared prison time in the FTX fraud case from his cooperation with authorities. On November 20, 2024, US...
Bitcoin and the Altcoin Season Index Explained
The CoinMarketCap (CMC) Altcoin Season Index registered a score of 35, indicating Bitcoin dominance over the cryptocurrency market. Whereas, a closer look shows there is growing interest in altcoins with...
