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.
Ava Labs Founder & CEO Announces Layoff, Affecting 12% Of Workforce
Ava Labs founder and CEO Emin Sirer announced that the company has laid off a number of its employees. The firm is downsizing from a…
FTX Unstaked 3.96M SOL and Transferred 750K SOL; Community Expects Bearish Season
Lookonchain reported that FTX unstaked 3.96 million SOL two days ago and transferred 750,000 SOL to Binance and Kraken. The crypto community was expecting the…
South Korea Bans Short Selling Ahead of Upcoming Election
South Korea has banned short-selling until at least June 2024. Shares in South Korea rose Monday morning, with the country’s benchmark Kospi gaining 4%. The…
Sam Bankman-Fried Found Guilty: Is Do Kwon Next?
The SEC filed a summary judgment in the Do Kwon and Terraform Labs case. According to the SEC, Do Kwon and Terraform were involved in…
28.92M Celestia’s TIA Airdrop Claimed by Sybil, Airdrop Hunters
Researcher X-explore exposes widespread manipulation in token distribution. Sybil groups and airdrop hunters claimed over 55% of Celestia's TIA token airdrop. The bad actors diverted…
Prosecutors Expose SBF’s Testimony Contradictions in Court
On his trial, Sam Bankman Fried claimed he didn’t remember most of the details. SBF reportedly offered to repay the Bahamian national debt. After evading…
Crypto Will Close the Gap With Mainstream Remittance: Expert Opinion
The gap between mainstream remittances and the use of crypto assets is a function of adoption, according to an expert. Co-Founder of My Digital Money…
Singapore Teams Up With Japan, Swiss, UK Bodies on Crypto Regulation
The Monetary Authority of Singapore (MAS) announced it has partnered with regulators in Japan, Switzerland, and the UK. The MAS said the policymaker group will…
Kasikorn Bank in Thailand Acquires 97% Shares of Satang Exchange for $103M
Kasikorn Bank in Thailand acquired 97% of shares in the Satang crypto exchange. The deal was carried out through a new K-Bank subsidiary called Unita…
Criminals Stole Only $1B in Crypto in 2023 Amid Increasing Hacks
DeFiLlama shows cybercriminals have stolen $1 billion in crypto so far in 2023. The stolen amount dropped by 60% from what was stolen in 2022.…
