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.
Data Shows There Is a Lack of Correlation Between Crypto Prices
Santiment tweeted yesterday that prices in the crypto market are currently not correlated. According to the tweet, Santiment’s MVRV model shows that OMG, SRM and…
Core Scientific Inks 3 New Hosting Contracts Amid Bankruptcy
Core Scientific has signed three new hosting contracts amid its bankruptcy proceedings. The miner will host almost 18,000 mining rigs as part of the new…
Google Cloud and Polygon Labs Unveil Multi-Year Strategic Alliance
Google Cloud announced its multi-year partnership with Polygon Labs. The announcement was made during the 2023 Consensus Conference in Austin, Texas. Google Cloud aims to…
Samsung, Crypto.Com to Offer Asset Trading Services on Galaxy Z Fold
Samsung collaborates with cryptocurrency exchange Crypto.com. The duo will introduce crypto asset trading on Galaxy Fold Z devices. Galaxy Fold users will get the new…
Link Between Nakamoto’s Disappearance and Andresen’s CIA Visit
Pete Rizzo tweeted about Gavin Andresen's visit to the CIA and Satoshi Nakamoto's disappearance. The tweet created speculation about the timeline of Nakamoto’s vanishing. Crypto…
Argo Blockchain Reports $240M Loss After Bitcoin Price Drop
UK-listed cryptocurrency miner Argo Blockchain faced a significant profit drop in 2022 due to falling bitcoin prices. In 2022 Argo Blockchain reported a net loss…
KuCoin Confirms Wallet Identity of User Behind Multiple Rug Pulls
The crypto wallet responsible for thousands of rug pulls belongs to a KuCoin user. Coingurruu alerted the public about a wallet that launched thousands of…
Bitcoin Trader Loses Nearly $567K Longing BTC/ETH to High Leverage
Andrew Kang lost nearly $567,000 in a trading session in liquidated BTC/ETH long positions. Kang used 40x and 41x leverage on two separate trades running…
Arkham Identifies Another GMX Trader with Multiple 50x Short Orders
Arkham identifies top GMX traders placing high-risk leverage contracts. Andrew Kang incurs a $567k loss on GMX after liquidating the BTC/ETH pair. Previously, Kang executed…
Senator Ted Cruz Endorses BTC, Reignites Crypto Market Interest
MicroStrategy Founder Michael Saylor posted a video of Senator Ted Cruz on Twitter. Cruz says, “I’m incredibly bullish about crypto as a whole and bitcoin…
