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.
Jack Dorsey Discusses Elon Musk, AI Regulation on Breaking Points
In an exclusive interview with the YouTube channel Breaking Points, former Twitter CEO Jack Dorsey elaborated on his recent endorsement of Robert F. Kennedy, Jr. as the Democratic nominee for...
Binance’s CZ Warns About False Narratives In The Crypto market
Binance CEO Changpeng Zhao has warned his followers about the false narrative circulating in the crypto market. Zhao shared his take on the decline in altcoin prices today and the...
Technicals Suggest The Altcoin Market Cap Will Continue To Slide
Santiment revealed in a Tweet today that short & mid-term realized caps are far below market caps. The last time this was observed was early in March 2023 right before...
Ooki DAO Hit with $643,542 Civil Penalty as Court Orders Shutdown
CFTC secures a victory in the Ooki DAO litigation. The court imposed a $643k penalty and ordered the closure of the illegal platform. CFTC says the ruling is a wake-up...
Massive Transfers of MATIC from Robinhood to Coinbase and Binance
OxScope tweeted that a whopping 22.52 MATICs were moved from a Robinhood address. 19.22 million MATICs were transferred to Cumberland and B2C2 and finally reached Binance and Coinbase. The MATICs...
Robinhood’s Removal of ADA, SOL, and MATIC Tends to Sell Pressure
Miles Deutscher stated that ADA, MATIC, and SOL would witness greater sell pressure. The increasing sell pressure results from Robinhood’s removal of these tokens following the SEC’s lawsuit. As per...
MATIC Falls More Than 29% After Cumberland’s Whale Transactions
Lookonchain, has identified a whale action behind the massive drop in the price of MATIC. Cumberland transferred 14 million MATIC, equivalent to $9.8 million to two crypto exchanges. MATIC’s price...
Solo Bitcoin Miner with Modest Hash Rate Solves Block Against All Odds
A solo Bitcoin miner with a modest hash rate defies the odds. The miner successfully solves a block, grabbing attention in the crypto community. The miner accomplished the feat with...
Solana Foundation Denies SEC Allegations, Asserts SOL Is Not a Security
Solana Foundation denies SEC’s allegations that SOL is an unregistered security. SOL is the native token to the decentralized Solana blockchain, according to the foundation. Solana Foundation’s head of policy...
PayPal Senior VP Reveals How B2B Payments Could Ignite Crypto Adoption
Jose Fernandez da Ponte foresees blockchain revolutionizing payment systems. Digital currencies could optimize cross-border e-commerce transactions. Rapid surge expected in blockchain-powered B2B payments, predicts da Ponte. In an exclusive interview...
Arthur Hayes Eyes Shitcoins Amid FUD From SEC Suing Binance
Crypto entrepreneur Arthur Hayes believes that the current sentiment in the crypto market provides a ripe opportunity to load up on small-cap crypto tokens with little utility, aka shitcoins. According...
SEC Sues Coinbase for Operating Unregistered Exchange After Binance
In a significant development in the crypto industry, the U.S. Securities and Exchange Commission (SEC) has charged Coinbase, a leading US-based crypto exchange, with operating as an unregistered national securities...
Elliptic Boosts Risk Detection With ChatGPT Integration In Crypto Operations
Elliptic integrates ChatGPT to enhance crypto threat detection & improve efficiency in risk identification. Cryptocurrency firms report mixed outcomes after implementing ChatGPT in their operations. Solana Labs plans to enable...
Crypto Market Sees Lowest Spot Trading Volume Since 2020 Amidst AI Shift
In May, the in-house spot trading volume in the crypto market hit a new low, says Blofin. The market experienced a severe lack of liquidity in June due to ongoing...
Apple WWDC Event Sparks Momentum for AI-Backed Crypto Token $RNDR
Apple’s WWDC event generates anticipation for the AI-backed Render token. The launch of Apple’s VR sparks rumors of increased RNDR demand. AI-backed Render (RNDR) token is expected to benefit from...
Here Are the Top Gainers on CoinMarketCap in the Past 24 Hours
Injective, Filecoin, Aptos, WOO Network, and PancakeSwap top the gainers’ list on CoinMarketCap. Injective (INJ) tops the list with a profit of 12.01% in the last 24 hours. The total...
XRP Rises in the Backdrop of Downtrend, Are the Bulls Charging?
In the last seven days, Ripple (XRP) has singled itself out from the trend displayed by the broader crypto market. For assets in the top 10 as per market capitalization,...
Richard Teng Takes Charge of Binance’s Worldwide Regional Markets
Richard Teng has been appointed to lead regional markets for Binance, excluding the US. Teng displayed a rapid rise within Binance during a turbulent period in the digital assets industry....
ETH’s Mean Block Size Reached A 1-Month High: On-Chain Data
Glassnode announced in a tweet this morning that Ethereum’s Mean Block Size has reached a new 1-month high. At press time, the leading altcoin was worth about $1,847.37 after a...
Ripple vs SEC: Coinbase Connection to Hinman Emails Sparks Controversy
The Ripple vs. SEC legal battle takes an intriguing turn. It now involves speculation surrounding Coinbase’s access to the Hinman emails. Ripple said that Ripple may lack the authority to...
BTC’s Network Activity Has Started Recovering From Its May Lows
Santiment recently tweeted that the number of active addresses for BTC has climbed back to 960K. BTC was able to flip the key resistance level at $26,960 into support over...
US Suspends Debt Ceiling: BTC and ETH Show Price Hikes
US President Joe Biden and the Republican member Kevin McCarthy decided to suspend the US debt ceiling. The announcement has been a solace to the crypto industry which was immersed...
Polygon’s Co-Founders Inspire Kenzi Wang With Remarkable Journey
Kenzi Wang hosted a podcast with Polygon’s co-founders, reflecting on their journey from “humble beginnings to champions”. The episode discussed the Polygon founder’s early days of MATIC, and how the...
BTC, ETH in Billions Moved Off Exchanges While Only $630M USDT Enters
Bitcoin and Ethereum witness substantial net outflows from exchanges. While $310 million ETH entered exchanges, a staggering $1.1 billion was withdrawn. USDT saw $809 million in exchanges, while only $630.4...
Community Warns Against Sending Funds to BEN.eth in $LOYAL Pre-Sale
Crypto influencer issues a cautionary message about Bitboy’s pre-sale project. He expressed disbelief at the $10 million funds amassed so far. Bitboy defends BEN coin, assuring the community it will...
