Market News

PitchBook reveals 2024 Q1’s substantial increase in crypto fundraising, with startups accumulating $2.4 billion. Ethereum’s EigenLayer has raised $100 million in a Series B funding round. Together AI secures the...

Following the recent launch of spot Ethereum ETF in Hong Kong, OkLink, a global leader in blockchain data services, expressed optimism about regulators approving similar products for other leading blockchain...

In a victory for creditors, a U.S. bankruptcy judge on Friday approved a plan by Genesis Global Capital, a bankrupt cryptocurrency lender, to repay approximately $3 billion in a combination...

In a recent report, Coinbase acknowledged that Ether (ETH) has underperformed compared to Bitcoin (BTC) in the cryptocurrency market so far this year. Despite this, the report emphasizes a positive...

The cryptocurrency market is presently witnessing robust price movements, leading to significant portfolio increases for top crypto tokens. As Bitcoin (BTC) maintains a stable position above the $66K mark, experts...

Binance’s financial crimes compliance unit (FCC) collaborated with Taiwanese authorities to dismantle a major money laundering operation involving digital assets. The joint effort, which included the Ministry of Justice Investigation...

The Immutable (IMX) token has experienced a significant price increase in recent weeks, gaining over 28% in the past 30 days. As of today, IMX trades at $2.451, reflecting a...

Hong Kong launched a pilot program allowing residents to use China’s CBDC, the e-CNY, for the first time outside mainland China. This initiative marks a significant step in China’s efforts...

The recent launch of Notcoin (NOT), a gaming token designed to introduce users to the Web3 ecosystem, was marked by significant volatility. Within 24 hours of its highly anticipated airdrop,...

JackTheRippler, a prominent figure in the cryptocurrency community, recently drew attention to CryptoTradingFund (CTF), a token within the XRP Ledger (XRPL) ecosystem. JackTheRippler expressed optimism about CTF’s potential for growth,...

Pump.fun, a platform for launching memecoins on the Solana blockchain, has resumed operations following a recent exploit that resulted in the theft of nearly $1.9 million. The Pump.fun team attributed...

David Schwartz, Chief Technology Officer (CTO) of Ripple, recently acknowledged the critical role played by co-founder Chris Larsen in the company’s history. In a public statement, Schwartz lauded Larsen’s early...

Blockchain oracle company Chainlink, in collaboration with the Depository Trust and Clearing Corporation (DTCC), has completed a pilot program aimed at accelerating the tokenization of traditional financial funds. The project,...

The U.S. Senate voted 60-38 on Thursday to overturn a rule issued by the SEC regarding the accounting treatment of crypto assets held by companies on behalf of their customers....

JPMorgan analysts have revised their estimate for the cost of producing one bitcoin to $45,000, citing recent changes in the Bitcoin mining hashrate. This update comes after the quadrennial halving...

Hong Kong authorities are on alert following a recent deepfake scam targeting cryptocurrency investors. The scam, which leveraged the image of Tesla CEO Elon Musk to promote a fictitious trading...

The price of XRP token remained relatively stable on Friday, May 17, 2024, despite the lack of significant developments in the ongoing lawsuit with SEC. As of press time, XRP’s...

A dozen Democrats defied party position to support a pro-crypto motion on Thursday during a joint session between the U.S. Senate and the House of Representatives.  The identified democrats who...

Hong Kong’s initial foray into Bitcoin Exchange-Traded Funds (ETFs) has met with muted investor interest, according to a recent Bloomberg report. The total assets under management for the six ETFs...

A customer in the Southern District of New York has sued luxury fashion brand Dolce & Gabbana USA Inc., alleging the fashion house mismanaged a collection of NFTs, leading to...

Binance hosted its first major community meetup of 2024 in Kazakhstan on May 14, attracting over 700 attendees, according to a company announcement. The event, held at the Presidential Center...

In a sign of growing mainstream adoption, financial giant Morgan Stanley revealed a hefty $269.9 million investment in Bitcoin through Grayscale’s GBTC trust, as disclosed in its first-quarter 13F filing....

India’s Securities and Exchange Board of India (SEBI) has proposed a novel regulatory framework for cryptocurrencies, advocating a multi-regulator approach, according to Reuters. This proposal marks a potential shift in...

A new study by three researchers questions the effectiveness of crypto influencers on Twitter in influencing investment returns. The research, as reported by Wu Blockchain, analyzed the return rates of...

The Ethereum (ETH) market exhibits signs of potential short-term bullishness, according to technical indicators and analyst commentary. Ali Martinez, a cryptocurrency analyst, identified a buy signal on the daily chart...