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.
Bitcoin and Other Cryptos Surge Amid Silicon Valley Bank Downfall
Coin Stories podcast host Natalie Brunell recently sat down with Fox Business to speak on how cryptocurrencies remained stable amid the collapse of some of the largest banks, including Silicon...
Crypto Futures Trading Volume Hit $140B In 24H; Binance Leads BTC & ETH
Over the past 24 hours, crypto futures trading volume has surged in the last 24 hours to almost $140B. CryptoRank.io’s data reported that Binance leads both Bitcoin and Ethereum markets...
UK Bank NatWest Bans Transfer Above £1,000 to Crypto Exchanges
The NatWest Group Plc is the latest British banking and insurance holding company to limit its customers’ involvement with cryptocurrencies. According to a statement released on Tuesday, account users can...
Crypto Trader Predicts Low CPI Figures Will be good for Bitcoin
The Bitcoin trader and CEO of Eight Global, Michael Van de Poppe, believes if the actual CPI figures turn out to be lower than the actual forecast, then the impact...
FTX Related Addresses Move 69.64M USDT, Liquidation Doubts Surface
On-chain analyst Lookonchain identified three addresses related to FTX/Alameda moving funds. A whopping 69.64 million USDT was moved to the address “0xad6e.” Out of these funds, 43 million USDT was...
Bank Crisis Appears to Have Positive Impact on DEX, CEX Tokens
According to the recent analysis, the financial turmoil that resulted from the debacle of the three commercial banks including the Signature Bank, Silvergate Capital, and the Silicon Valley Bank (SVB)...
Ethereum Whales Take Advantage of Recent Dip to Buy More ETH
The recent market dip has resulted in some significant whale purchases that pushed crypto prices back toward the local highs of 2023. On-chain data showed that Ethereum whales with 1,000...
Fed’s Timely Intervention Upholds Financial Sector, Says Cramer
Jim Cramer, the host of the American finance television program, Mad Money, commented on the impact of the “fistful” of bank failures on the Federal Reserve, forcing it to finish...
Binance Sets CoinDesk Acquisition Bid Aside; ‘Not a Fit,’ Says CZ
On Tuesday, Changpeng Zhao, the CEO of Binance, stated that Binance Capital Management (BCM), through its sister firm, CoinMarketCap, would no longer be acquiring the crypto publishing firm, CoinDesk. Zhao...
USDC’s De-peg Did Not Influence ETH and BTC’s Prices: Report
The blockchain intelligence firm Santiment (@santimentfeed) shared its latest insights in a tweet yesterday. In the report, the firm analyzes the ramifications of the recent USD Coin (USDC) fallout and...
HSBC UK Bank Acquires Silicon Valley Bank UK in Rescue Deal
HSBC Holdings plc has announced that its UK ring-fenced subsidiary, HSBC UK Bank plc, has acquired Silicon Valley Bank UK Limited (SVB UK) for a nominal consideration of £1. SVB...
Lido DAO Token Surpasses Top Blockchains in Development Activity
The Lido DAO token has surpassed popular blockchains, such as Polkadot (DOT), and its pre-production network, Kusama (KSM), to become the most active crypto network in terms of daily GitHub...
Lookonchain Reveals a Smart Address That Made $4.14M Amid USDC Depeg
On-chain analyst Lookonchain recently shared details of a smart address that made $4.14 million by trading Ethereum amid the USDC de-pegging. Lookonchain shared how smart the user is, highlighting how...
SHIKOKU Sees Opportunity as Vitalik Buterin Sells SHIK Tokens
Vitalik Buterin’s outflow of digital assets such as 50 billion MOPS, 9.9 billion CULT, and 5 trillion SHIK caught the eye of various crypto enthusiasts and analysts. SHIKOKU, a decentralized...
Algorand Foundation CEO Explains Blockchains Role In Finance
In a recent interview with Yahoo Finance Live, Algorand Foundation CEO Staci Warden expressed that although blockchain is commonly viewed as a ledger solely for tracking cryptocurrency payments, it has...
BTC’s Price Has Triggered a Renowned Trader’s Long Entry
The renowned crypto trader, Michael van de Poppe, tweeted this morning that he did not trade over this past weekend. In his tweet, van de Poppe added that there are...
Bloxmith Launches Raiders Rumble on FLOW with $120K Prize Pool
Web3 gaming studio Bloxmith announced the beta launch of its Raiders Rumble, a 1v1 squad battler mobile game, on the Flow blockchain, which could contribute to the blockchain’s goals of...
$1 Billion Buying Pressure on BTC, ETH, BNB: CryptoQuant CEO
The CEO and co-founder of CryptoQuant, Ki Young Ju (@ki_young_ju), tweeted this morning that there will be $1 billion worth of buying pressure on Bitcoin (BTC), Ethereum (ETH), and Binance...
Potential US Bank Collapse After Silicon Valley & Silvergate: Kiyosaki
Silicon Valley Bank and Silvergate Bank’s collapse in 48 hours has shaken the US financial system amid economic uncertainty. It’s expected to worsen, with a third lender potentially facing the...
Emergency FED Meeting Could Set Tone For Crypto Market Direction
Metaverse enthusiast James Bull tweeted that the outcome of an emergency FED meeting scheduled for Monday, March 13, 2023, could significantly affect the crypto market in the coming week. Bull...
“Banks Are a Risk to Fiat-backed Stablecoins,” Binance CEO Says
Changpeng Zhao, the CEO of Binance, the largest crypto exchange, expressed concerns on Twitter today about the safety of stablecoins baked with fiat currencies following the bankruptcy of two prominent...
Circle Burns Nearly $650M, Recovers From Unprecedented Crash
The blockchain data and research platform, Nansen, tweeted that Circle’s USDC stablecoin recovered to about $0.97 after a token burn process. The stablecoin’s price dropped significantly following the fall of...
BTC & ETH Funding Rates Hit 4 & 6-Month All-Time Lows, Reports Crypto Analyst
Leading on-chain data analytics provider CryptoQuant tweeted on March 12 that Bitcoin funding rates have hit a 4-month low. Additionally, Ethereum funding rates hit a 6-month low according to the...
Banks are at Risk, with Contracting Margins; Analyst Releases List
The recent research findings disclosed that almost 10 banks including Customers Bancorp Inc., and Sandy Spring Bancorp Inc., are at risk, “showing contracting margins”, after the debacle of the commercial...
Brevan Howard Acquires Dragonfly Capital’s Crypto Fund
European hedge fund Brevan Howard Asset Management is pushing further into the digital asset space with its takeover of the Liquid Opportunities fund. Liquid Opportunities is a crypto and digital...
