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.
Crypto Prices Marketwide Nosedived as Dollar Hits a 7-Week High
The blockchain analytics firm, Santiment (@santimentfeed), tweeted today regarding the crypto market leader, Bitcoin (BTC). According to the tweet, BTC and the S&P 500 dropped Friday after the U.S. Dollar...
Private Crypto Ban is a Pivotal Need for India: Comments IMF Chief
Kristalina Georgieva, the International Monetary Fund (IMF) Managing Director said during the G20 meeting in Bengaluru, India, that there arose some disagreements over debt restricting for the troubled economies. She...
ICO Era Whale Transfers 5,055 $ETH To New Address: Report
On-chain analysis research organization Lookonchain has just announced that an Ethereum ICO participant who has been dormant for three years transferred 5,055 $ETH, approximately $8.3M now, to a new address,...
Crypto Returns Show Short-Term Recovery Signs, Suggests Data
The blockchain analytics firm, Santiment, posted a tweet on their official Twitter page (@santimentfeed) this morning stating crypto returns are “beginning to show signs of a short-term recovery in the...
Ankr, Stacks, Floki, Filecoin, Tezos, Zilliqa: LunarCrash Ranks Coins
LunarCrash tweeted a list of today’s top trending cryptocurrencies on the platform with Ankr ranking number one on the list. Followed by Ankr at $0.04960 with an increase of 49.5%...
Coinbase’s Quarterly Net Revenue Surpasses Analyst Predictions
According to Coinbase’s quarterly report, the firm’s net revenue in 2022 was $605 million, up 5% from $590 million in the previous quarter and substantially exceeding analyst estimates of $588...
Few Altcoins are Struggling to Keep up With the Crypto Market
Bitcoin has had an impressive year, with most cryptocurrencies market rallying with it. The initial surge in January 2023 was universal, and almost all the altcoins registered gains. After consolidating...
Bitcoin Fell Following Statements From US Policy Makers
The President of the St. Louis Federal Reserve, James Bullard, has pushed for a higher interest rate increase and remains open for a more aggressive move, per multiple reports. The...
SHIB Back in Top 10 Purchased Tokens Among Top 500 ETH Whales
The whale monitoring platform known as WhaleStats resorted to Twitter earlier this morning to provide some data about the transactions of the top 500 Ethereum (ETH) whales. According to these...
On-Chain Sleuth Identifies $8 Million Platypus Hacker Within Hours
Popular on-chain sleuth ZachXBT has reportedly uncovered the identity of the attacker responsible for the recent exploit on Platypus Finance’s dollar-pegged stablecoin. According to a Twitter thread by the on-chain...
Charles Hoskinson Says Cardano Won’t Be Affected By Staking Ban
Charles Hoskinson, the man behind Cardano, took to Twitter earlier today to address Kraken’s $30 million settlement with the Securities and Exchange Commission (SEC) recently. The crypto exchange had to...
Celsius CEO Mashinsky Used Customer Funds to Buy CEL: Crypto Netizen
Twitter user Aaron Bennett tweeted how Celsius CEO Alex Mashinsky utilized customer funds to manipulate the price of CEL. According to the details from his recent tweet, the total amount...
CEO of Analytic firm: CPI News Today Could Push Bitcoin Sideways
Matthew Dixon, the CEO of Evai, a leading AI crypto rating platform, claimed today was Consumer Price Index (CPI)’s day and that its outcome could affect the price of Bitcoin...
AI Token on the Rise; ChatGPT Team Shares Crucial Insights
Arif Khan, CEO and founder of Alethea AI, the company behind the wildly popular ChatGPT, believes democratization of core skills will occur through language models such as ChatGPT. Khan was...
Crypto Lawyer Thinks Michael Saylor Doesn’t Understand Securities Laws
The argument about what constitutes a security contract remains a hot topic within the crypto industry. Recently, the well-known crypto lawyer, John Deaton, fired back at the chairman of MicroStrategy,...
Polygon Records Over $11.4M in Daily Trading Volume on OpenSea
Polygon, the layer 2 scaling solution that runs on Ethereum, experienced a spike in its daily trading volume on the OpenSea NFT marketplace. The daily volume spike came after a...
Metaverse Will Hit $5 Trillion in Investments by 2030: McKinsey
According to research by McKinsey, a global management and consulting firm, the metaverse could generate up to $5 trillion across consumer and enterprise use cases by 2030. That is equal...
‘US Exchanges Lose To Foreign Exchanges’: ARK Invest CEO Cathie Wood
ARK Invest Founder, CEO, and CIO, Cathie Wood replied to a Twitter thread discussing staking-as-a-service in the US with “US exchanges lose to foreign exchanges.” The conversation started when Castle...
Armstrong Responds to Grewal’s Comment: SEC Settles Kraken Case
Brian Armstrong, the co-founder, and CEO of Coinbase Global Inc, the American-based publicly traded cryptocurrency exchange tweeted in response to the comment of the company’s Chief Legal Officer, Paul Grewal,...
China Could Be A Catalyst For Crypto Market In 2023
Popular crypto influencer Lark Davis believes that China could play a major role in the crypto market this year by inducing a bull market. According to Davis, the opening up...
IMF: El Salvador’s Bitcoin Adoption Risks Are Yet To Materialize
Yesterday, the International Monetary Fund (IMF) stated that the risks related to El Salvador’s adoption of bitcoin are yet to materialize, yet its crypto usage still needs openness and attention....
U.S. Parliament Summons SEC Chair Over Role in FTX Investigation
The U.S. Parliament has issued an ultimatum to Gary Gensler, chairman of the Securities and Exchange Commission (SEC), asking him to provide information concerning the commission’s investigation of FTX. Gensler...
Global Crypto Market Cap Drops More Than 4% In the Last 24 Hours
The global crypto market cap dropped 4.02% over the last 24 hours according to CoinMarketCap. As a result, the global crypto market cap stands at $1.02 trillion. Arguably one of...
Lido Token Increased By 11% After Coinbase CEO Shares SEC Rumor
The liquid staking platform Lido’s governance token has spiked after Coinbase CEO Brian Armstrong cultivated a rumor that the US Securities and Exchange Commission (SEC) might ban staking for retail...
Market Anticipates Dip In February: Santiment On Trader Skepticism
Crypto analytics platform Santiment tweeted that after a positive crypto price action in the month of January, the market can anticipate a dip in February. The platform added that trader...
