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.
Escape High Ethereum Gas Fees: HEX Founder Advocates PulseChain
Richard Heart, the founder of HEX, said that PulseChain is an alternative to evade ETH’s high gas fees. A wallet address spent 29.82 ETH for 3.04% gas usage in the...
Crypto Insider on the SEC: “An Embarrassment to the United States”
Crypto Personality Adam Cochran calls the SEC’s slow-paced rule-making to be an embarrassment to the United States. Journalist Eleanor Terrett highlighted the SEC’s active filing and proposal of new rules...
Only Twelve of Top 50 Cryptos Implement On-chain Governance
Twelve out of the top fifty cryptos ranked by CoinmarketCap implement on-chain governance. The top cryptos with on-chain governance are DOT, ATOM, UNI, TON, ICP, LIDO, APT, ALGO, FTM, AAVE,...
Macroeconomic Factors Pose Threat To BTC Price Growth: Report
A report released by CryptoQuant this morning reveals that although BTC has the potential to move up, there are three factors that could prevent this. A decline in holdings by...
PEPE Can Still Make a Rebound After Predictable Decline
PEPE’s decline after surging 1,200% in the first week of May was predictable. The decline followed a trend established by older meme coins like SHIB and DOGE. There could be...
Crypto Twitter Deliberates Over the Fate of Ripple’s XRP Escrow
The intensifying legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple has led users on Twitter to wonder if the destruction or “burning” of the blockchain’s firm’s...
Accumulate Altcoins One Year Before Bitcoin Halving: Analyst
According to the renowned crypto analyst, and founder of Eight Global, Michael van de Poppe, the ideal time to accumulate altcoins is one year before the Bitcoin halving event. Based...
Ethereum Staking Hits Record High With 8.6% Return; 3.4M ETH Deposited
Token Unlock shared Ethereum staking reached a record high with 8.6% annualized rate of return. 3.4 million ETH were deposited and 2.67 million ETH were withdrawn after Shanghai upgrade. stETH...
Bitcoin Outshines Traditional Currencies as Preferred Safe Haven
A survey by Bloomberg’s MLIV Pulse highlighted a significant change in investor sentiment amid a looming United States debt default risk. Bitcoin rises above traditional safe haven currencies such as...
Crypto Analyst is Bullish on ETH, Untapped Yield Potential
In a recent analysis, Adam Cochran, partner at Cinneamhain Ventures (CEHV), highlights why he remains bullish on cryptocurrencies, particularly Ethereum (ETH), shedding light on the untapped potential of yields in...
DOJ Aims to Stamp Out Money Laundering by Focusing on Crypto Mixers and Exchanges
The U.S. Department of Justice’s chief of the National Cryptocurrency Enforcement Team has announced the agency’s intention to take strict action against crypto exchanges that disregard money laundering regulations. The...
John Deaton Highlights SEC’s Schizophrenic Defense in Ripple Case
Crypto Law’s John E Deaton has accused the U.S. Securities and Exchange Commission (SEC) of presenting Schizophrenic defenses in the lawsuit against blockchain solutions firm Ripple. Deaton recently highlighted the...
CertiK Alert Reports Bitpaid Faces 81% Drop And $30K Loss Due to Exploit
Exploit detected on Bitpaid (BTP) contract address leading to 81% drop and $30K loss. BTP token holders’ count during the drop was 11,074, with a token value of USD 0.08....
Tether Buys 52,670 Bitcoins in Q1, Set To Outpace MicroStrategy
Tether used some of its profits to buy about 52,670 Bitcoins in Q1, 2023. The stablecoin issuer could outpace MicroStrategy if it sustains accumulation strategy and pace. The stablecoin issuer...
Rhodium Owes $26 Million to Riot Enterprises; Riot Files Lawsuit
Riot Platforms filed a lawsuit against Rhodium Enterprises claiming that the latter has failed to pay $26 million. Rhodium has been using Whinstone’s mining facilities since 2021 but didn’t pay...
Ripple CLO to SEC: Common Interest Is Not Same as Common Enterprise
Ripple accuses SEC of stretching the Howey test in the legal battle. Ripple’s Chief Legal Officer criticizes SEC’s stance on “common enterprise”. Attorneys attack SEC’s argument on XRP fungibility, comparing...
ZkSync Outperforms Polygon in Terms of Total Value Locked
ZkSync has been outperforming Polygon in terms of TVL over the past few weeks. Since the launch of zkSync’s Era and Polygon’s zkEVM, the zkSync ecosystem has been growing rapidly....
Meme Coin Market Crashes 50% from $1B After Traders Take Profit
The meme token market has significantly declined from over $1B to $500M. Dogecoin took the worst hit hardest following the launch of PEPE. SHIB’s daily trading volume has not exceeded...
Data Shows Long-term BTC Holders Have Become Less Active in Market
BTC hits a 10-month low in the number of spent outputs with a 1 to 2yrs lifespan. The metric suggests that long-term holders are selling or transferring their coins. Bitcoin...
Analyst Warns About Buying Memecoins: Memecoins Are Risky
A crypto investor withdrew 174 ETH and bought 2 trillion LADYS $0.0000001504. Later, the trader sold the memecoins just for 73.5 ETH at $0.00000006142. Lookonchain shared the details and warned...
Coinbase Taps Former US Lawmakers For Global Advisory Council
Coinbase has tapped former US lawmakers for its newly unveiled Global Advisory Council. The crypto exchange launched the new council for guidance and expertise in tackling crypto regulation. The council...
DCG, Grayscale Draw Attention; Congressman Condemns GBTC’s Fees,Ties
X 3 founder Andrew spoke about Digital Currency Group (DCG) and Grayscale’s appearance in the political landscape in his tweet earlier today. In a recent update, Andrew shared that DCG...
Binance Market Falls to 51% as Huobi and OKX See Increase: Report
Huobi and OKX, two of Binance’s biggest rivals in the crypto exchange market, have seen an increase in market share after the largest exchange, Binance, scaled back its zero-fee promotion,...
JPMorgan CEO Concerned Over Excessive Regulations Amid Bank Collapse
The CEO of JPMorgan Chase, which recently acquired the bankrupt First Republic Bank, has expressed concerns about potential difficulties for US banks in the event that the Federal Reserve implements...
U.S. Lawmaker Calls on SEC To Look Into Grayscale’s GBTC
Brad Sherman, the United States Congressman representing California’s 32nd Congressional District recently highlighted investors’ concerns with Grayscale Investments’ Grayscale Bitcoin Trust (GBTC). The Congressman also asked Gary Gensler, the Chairman...
