Cryptocurrency
DeFi Takes Center Stage in First-Ever Congressional Hearing
Jake Chervinsky, a lawyer, expressed his emotions after the first-ever Congressional hearing on decentralized finance (DeFi). He highlighted the significance of DeFi’s rise from a handful of projects to now...
Stablecoin Stability Tested: A History of De-Pegging Events
Recent market upheavals have highlighted the ongoing struggle for stablecoins to maintain their $1 peg during periods of instability. Major events like the Terra collapse and the US banking crisis...
Binance Zero Fees: A Boost for EUR Trading or a Competitive Play?
Binance, the world’s leading cryptocurrency exchange, has introduced zero-fee trading for VIP 2-9 users and spot liquidity providers on EUR/USDC and EUR/USDT spot trading pairs. This move aims to boost...
Crypto Investors Flock to USDT as Market Uncertainty Grows
Crypto investors have massively increased their stablecoins holdings with USDT accumulation on the rise amid a sluggish market. Data from CryptoQuant reveals a sharp rise in USDT holdings since August’s...
LUNC Price Jumps 7% on Upgrade Proposal News
The Terra Classic network is gearing up for a significant upgrade as proposal #12131 goes live for voting. If approved, this proposal will elevate the network to version 3.1.5, incorporating...
Massive Outflows Shake Digital Asset Investment Products
Digital asset investment products experienced a significant exodus last week, with a massive $726 million being withdrawn. This outflow, among the largest this year, was fueled by anticipation surrounding potential...
TIA Faces Market Uncertainty Ahead of Token Unlock Event
Upcoming token unlocks for TIA, despite its 1x rally since listing, have sparked concerns in the market. The project’s circulating market cap currently represents only 20% of the total supply,...
Altcoins on the Brink of an Explosive 2017-Style Bull Run?
The altcoin market shows signs of an impending surge reminiscent of the 2016-2017 bull run, as the RSI nears a critical breakout level. If this breakout happens, analysts foresee a...
WazirX Hackers Continue to Move Stolen ETH, Cyvers Warns
Blockchain security firm Cyvers Alerts has reported a new development in India’s largest cryptocurrency heist. Hackers behind the July breach of WazirX exchange have shifted 5,000 Ether (ETH), worth roughly...
Ethereum Advisor Sues Law Firm for $100 Million Over Mishandled Case
Early Ethereum adviser Steven Nerayoff is suing law firm Covington & Burling seeking $100 million in damages, claiming they botched his defense in a 2019 extortion case. The lawsuit, filed...
AI-Crypto Market Cap Plummets $7B: Dip or Death Knell?
The AI-crypto market has seen a steep drop in its market cap, falling from $32 billion to $25 billion. This sudden downturn has sparked discussions about whether the sector’s growth...
Top CEOs Endorse Kamala Harris as Campaign Opens to Crypto Donations
A group of 88 current and former corporate executives has endorsed Vice President Kamala Harris for president, according to a CNBC report. Among the signatories are well-known CEOs, such as...
TRON’s Non-Stablecoin Activity Surges Post Sun.pump Launch
The TRON blockchain has seen a major shift in transaction activity since the launch of Sun.pump, a TRON-based platform that empowers users to create memecoins. This change, which occurred on...
Telegram Updates FAQ on Illegal Content After Durov’s Arrest
Following the recent arrest of Russian-French entrepreneur and Telegram co-founder Pavel Durov, the social messaging platform has revised its “Frequently Asked Questions” (FAQs) to clarify how it handles illicit content...
Crypto’s Correlation with Equities: A Closer Look at Market Trends
Recent reports offer a glimmer of hope to the crypto community, which has been navigating a turbulent market. A new Bloomberg report highlights the growing correlation between crypto and equities,...
Bitcoin Forms Ominous ‘Megaphone’ Pattern
Bitcoin (BTC) is currently developing an inverted expanding triangle, also known as a megaphone pattern, according to crypto analyst Peter Brandt. This pattern, characterized by increasing volatility, often precedes major...
Ethereum’s Post-Merge Blues: 44% Behind Bitcoin, More Pain Ahead?
Ethereum (ETH) has underperformed since its shift to the proof-of-stake (PoS) consensus model two years ago. According to The Block, citing a report from CryptoQuant, Ethereum’s performance has been 44%...
Polygon & Solana Face Key Support Levels: Will They Hold or Fold?
The crypto market has displayed signs of tension with major technical indicators for both Polygon (MATIC) and Solana (SOL) key moments for these digital assets. Crypto analyst Ali Martinez recently...
Coinbase CFO: Future Forward PAC Accepting Crypto for Harris
Coinbase CFO Alesia Haas revealed at a Citigroup event that Kamala Harris will accept cryptocurrency donations through Coinbase Commerce. However, these donations are directed to the Future Forward USA PAC,...
Robinhood Crypto Settles with California for $3.9M Over Withdrawal Issues
Robinhood Markets’ crypto arm settled with the State of California for $3.9 million, resolving allegations that the platform halted crypto withdrawals for almost four years. This marks the California Department...
CFTC Cracks Down on DeFi: Uniswap Fined for Leveraged Token Trading
Read also: Coinbase Pushes Back on CFTC’s Prediction Market Ban The Commodity Futures Trading Commission (CFTC) has settled charges with Uniswap Labs, the company behind the decentralized exchange Uniswap, regarding...
Bank of Canada Cuts Rate to 4.25%, Easing Inflation Worries
Read also: Canadians Show Reluctance to Embrace CBDC at Scale: Bank of Canada The Bank of Canada (BoC) lowered its key policy rate by 25 basis points to 4.25% on...
Telegram Founder’s Arrest Raises Alarm at United Nations
The United Nations has expressed serious concerns over the arrest of Telegram founder Pavel Durov, labeling it a case that “raises a lot of human rights concerns.” Durov was detained...
Bitcoin Dips Below $57K, ‘Bear Market’ Chatter Spikes on Social Media
Bitcoin (BTC), the world’s leading cryptocurrency, experienced a significant decline in the past 24 hours, dropping 4.09% to $56,586 from a recent high of $61,000. This sharp downturn has reignited...
Justin Sun Announces Major SUN Token Burn Progress
Justin Sun announced on X that the ongoing SUN token burn has hit a significant milestone. The total burn amount now totals $8 million, with an additional $4 million yet...
