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.
ALEX Lab Offers 10% Bounty for Return of $4.3M in Stolen Assets: Will the Hacker Bite?
The ALEX Lab Foundation, grappling with a recent security breach that drained over $4.3 million from its Bitcoin DeFi application, has embarked on an unconventional route to recover the stolen...
GameStop’s GME Soars Over 73% in a Day as Experts Predict Altcoin Boom
Retail investor darling GameStop (GME.N) has seen its stock soar for the third consecutive day as posts from Keith Gill, known as “Roaring Kitty,” have sparked chatter about his return...
MetaLawMan Criticizes the SEC’s Disgorgement Filling
Popular cryptocurrency attorney James Murphy, also known as MetaLawMan, has raised concerns about the SEC’s approach to filing a disgorgement against Ripple. Murphy’s reservation about the filing is mainly related...
Robinhood Rolls Out Solana Staking in Europe, Offering 5% APY
Prominent American trading platform Robinhood Crypto has launched Solana (SOL) staking for its European customers. Robinhood announced this development in a press statement dated Wednesday, May 15. Emphatically, European users...
Crypto Personality Disagrees With Court’s Decision Against Tornado Cash Developer
Managing Partner at Cinneamhain Ventures Adam Cochran sharply criticized the reported court decision against the Tornado Cash developer Alexey Pertsev calling it a “gross misapplication of the law and a...
Hong Kong Crypto Customer Scammed in Alleged HK$1M ‘Hell Money’ Scheme
According to reports by the Hong Kong Police Force (HKPF), three employees of a crypto exchange shop in Tsim Sha Tsui have been detained following allegations of a cryptocurrency scam. ...
Memecoin Mania: Over One Million New Tokens Launched Since April
The cryptocurrency market has witnessed a surge in token creation, with over one million new tokens launched since April. This explosion, driven largely by the explosion of memecoins, has raised...
Circle, Behind USDC, Eyes US Listing with Headquarters Move
Circle Internet Financial Ltd., the issuer of the widely-used stablecoin USDC, announced its intention to relocate its legal base from the Republic of Ireland to the United States. This move...
FTX Collapse: Salame Requests Lenient Sentence, Claims Innocence
Ryan Salame, a former executive at the now-bankrupt cryptocurrency exchange FTX, has requested a lenient 18-month prison sentence in connection with the fraud case surrounding the company’s collapse. Salame, who...
Huobi HK Withdraws VATP License Application for the Second Time
Recent reports state that HTX’s Hong Kong subsidiary, Huobi HK, has withdrawn its virtual asset trading platform license application from the Hong Kong Securities and Futures Commission (SFC) for the...
El Salvador Mines Bitcoin Using Volcano Power, Boosting Holdings
El Salvador has substantially increased its Bitcoin holdings by mining nearly 474 bitcoins in the last three years. This achievement, powered by the country’s geothermal energy plants, elevates the government’s...
Bitcoin ETF Experienced $100M Net Inflow Despite GBTC $50M Outflow
According to data from Soso Value, there was a total net inflow of $100.5 million into the Bitcoin spot ETF market on Tuesday, May 14, 2024. Delving into the inflow...
Consensys Revolutionizes Crypto Safety with MetaMask’s Smart Transactions
As reported by Wu Blockchain, a crypto news reporter, the blockchain firm Consensys has introduced Smart Transactions. This innovative technology, set to roll out globally as an optional feature on...
DAI Supply Continues to Surge: 24% Increase in Over Two Months
The supply of leading stablecoin DAI has seen a remarkable growth spree since early March, with a 24% increase in just over two months, rising from 4.42 billion to 5.48...
MicroStrategy Joins MSCI: Crypto Goes Mainstream
MicroStrategy, the company famous for its massive Bitcoin holdings has been added to the MSCI World Stock Index. This move reflects the increasing acceptance of cryptocurrency in the traditional investment...
Vanguard Appoints Former BlackRock Executive Salim Ramji as New CEO
Vanguard made waves in the digital asset sector, naming Salim Ramji, a former BlackRock executive, who oversaw the launch of the asset management firm’s Bitcoin Exchange-Traded Fund (ETF), as its...
BlockTower Capital Suffers Losses in a Recent Hack, Hacker Unidentified
The institutional investment firm BlockTower Capital has reportedly suffered significant losses from a recent exploitation. A recent Bloomberg report stated that the company’s total loss in the hack remains undisclosed,...
Ripple Moves to seal Documents in SEC’s Battle: What’s Behind the Sealed Documents?
James K. Filan, a defense lawyer, claimed that Ripple, the blockchain firm that created the XRP cryptocurrency, has filed a motion to seal some of the documents related to its...
Paradigm Launches Linear Altcoin Options Trading on Deribit Exchange
Paradigm, the leading liquidity network for derivatives traders, has made a significant stride by expanding its offerings to now include linear altcoin options trading. This expansion was marked by the...
Can BONK, PEPE, DOGE, and SHIB Prices Continue to Increase?
At a time when most cryptocurrencies are consolidating, meme coins are proving that this market condition is a supercycle for them. This was evident from the prices shown on CoinMarketCap....
Falcon Labs Fined $1.7M for Illegally Funneling U.S. Users into Crypto
The U.S. CFTC has made a significant crackdown on the crypto industry, taking enforcement action against Falcon Labs, a Seychelles-based crypto prime brokerage firm. As per a press statement on...
XRP Jumps 2.5% Following A Filing By Ripple’s CFO in the Ongoing Litigation
Ripple’s Chief Financial Officer (CFO) Jonathan Bilich has filed a declaration in support of Ripple’s motion to seal the firm’s recently filed omnibus letter motions. Ripple filed the letter on...
Coins.ph to Trial Stablecoin in Philippines’ Remittance Market, Here’s Why
The financial realm of the Philippines stands on the brink of change as the central bank gives the green light to Coins.ph to experiment with a groundbreaking stablecoin in the...
XRP Analyst Forecasts the Next Cycle Top for September 2024
Popular crypto expert EGRAG Crypto, known for his XRP analysis, shared a forecast regarding XRP’s “Super Guppy Cycle Top” in September 2024. EGRAG’s analysis compared the current cycle to past...
Cryptocurrency Developers Fight Back Against DOJ’s Money Transmission Stance
The recent policy arguments put forth by the U.S. Department of Justice (DOJ) regarding the scope of Federal prohibition on operating an unlicensed money transmitting business have sparked significant concerns. ...
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