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 Analyst Tweets XRPL Tokens & ‘Pessimism’ Around XRP Price
XRP dUNL node account on Twitter, rippleitin.nz with 19.2k followers tweeted a thread explaining the price of XRP and their perceived “pessimism” around the coin’s value on February 4. The...
Analyst: SEC Is Playing a Game of ‘Brutal 4D Chess’ against Binance
In a recent tweet, crypto analyst Adam Cochran suggests that the United States Securities and Exchange Commission (SEC) is playing a game of “brutal 4D chess” against Binance, the largest...
More Curiosity Surround TUSD Following Founder’s Whale Transaction
The growing status of Justin Sun’s TUSD stablecoin amid a falling sector has raised some eyebrows in the crypto industry. Sun’s recent transfer of 100,000,000 USDC to a Binance wallet,...
Crypto Lawyer John Deaton Defends Ripple In Twitter Debate
Popular crypto lawyer John E. Deaton has come out in defense of Ripple CEO Brad Garlinghouse’s recent comments regarding the U.S Securities and Exchange Commission’s lawsuit against his blockchain company....
Whale Bought Huge Amounts Of Shiba Inu (SHIB) Worth Over $1.4M
The fact that the crypto market was down by more than 3% yesterday has led to many reports of whales using this as a buying opportunity. Various cryptocurrencies have been...
Whale Buys Huge Amounts Of LDO Worth More Than $3 Million
After the crypto market took a bit of a knock yesterday, it seems like many whales took advantage of the buying opportunity this presented. The on-chain analysis platform Lookonchain took...
Elon Musk Prefers Artificial Intelligence Over Cryptocurrency
The business magnate Elon Musk, the owner and CEO of the social network platform Twitter, recently announced his preference for Artificial Intelligence (AI) over cryptocurrencies. On March 3, Musk shared...
Circle Moves Out Its Leftover USDC Reserve from Troubled Silvergate
Circle, the USDC stablecoin issuer regulated in the United States, has moved a small percentage of its USDC reserve deposits held at the troubled Silvergate Bank to its other banking...
DYDX Is the Most Used Smart Contract by 500 Biggest the ETH Whales
The crypto whale tracking website, Whalestats, tweeted on their official Twitter page this morning that dYdX (DYDX) is once again the most used smart contract among the top 500 Ethereum...
Recent Data Showed That ETH’s Exchange Supply Is at 5-Year Low
The blockchain analytics firm, Santiment, tweeted yesterday that the exchange supply for Ethereum (ETH) is at its lowest level in nearly five years. In the tweet, the analytics firm added...
Silvergate Capital Cut Ties with Silvergate Exchange Network
Silvergate Capital Corporation (SI), a dominant crypto lender has announced its “risk-based decision” to cut ties with the Silvergate Exchange Network, the internal Silvergate Bank network that allows transfers between...
BTC’s Price Experienced Biggest Hourly Drop in 4 Months
The global crypto market cap has plummeted 3.82% over the last 24 hours according to CoinMarketCap. As a result, the total crypto market cap stands at $1.03 trillion at press...
Crypto Analyst Takes A Closer Look At The Crypto Market Sell-Off
The past 24 hours have seen a bloodbath in the mainstream crypto market with heavyweights like Bitcoin and Ethereum tanking 5% and 6% respectively. Crypto analyst Miles Deutscher took to...
Stablecoins See Notable Spike in Volume Following Silvergate Scrutiny
Silvergate has been going through turmoil as the bank recently announced that there would be a delay in filing its annual 10-K report and also announced that it would have...
Crypto Hedge Fund DACM Resort to Swiss Banks After Silvergate Fallout
With the collapse of a crucial payments network run by troubled US lender Silvergate Capital Corp., Digital Asset Capital Management (DACM), a crypto fund manager overseeing a $400 million crypto...
Crypto Market Sees $243.49 Million Liquidation in 24 Hours
The podcast platform known as The Roundtable Show took to its Twitter account to break some interesting news about what is currently going on in the crypto markets heading into...
Crypto Whales Fluctuate Between BUSD and USDC Following SEC Action
Recent events illustrate that the US Securities and Exchange Commission (SEC) has stirred the crypto market by labeling Binance’s native stablecoin BUSD as an unregistered security. According to data from...
UK Bank Restricts Users’ Ability to Buy Crypto, Slashes Daily Limit
UK bank Nationwide Building Society has restricted its customers’ ability to purchase crypto, Reuter reported, quoting an email the bank sent to customers on Thursday. Nationwide stated it would not...
South Dakota Passes Bill Excluding Crypto From Definition Of Money
Crypto may soon be outlawed by definition in several states in the United States. The state of South Dakota is currently reviewing a bill that will amend the provisions of...
Andrew Kang Says Q1 2023 Bullish Momentum is Completed
Twitter user Andrew Kang recently took to his Twitter account to address the fact that the bullish momentum for Q1 2023 is over. Kang mentioned that there had been two...
Bankruptcy Court Approves Core Scientific’s $70 Million Financing
Bitcoin mining firm, Core Scientific, has received the bankruptcy court’s nod to go ahead with its multi-million financing deal with B. Riley Commercial Capital LLC, a subsidiary of the middle...
Crypto Analyst Picks Top Three Altcoins For the Next Rally
Guy Turner, a renowned crypto analyst with Coin Bureau, has shared a list of the top three altcoins he expects to rally significantly in the coming months. Turner names Algorand,...
Senator Tom Emmer has Introduced the CBDC Anti-Surveillance Act
Rep. Tom Emmer presented a bill on Wednesday that would prevent the Federal Reserve from distributing a central bank digital currency (CBDC) to individuals, a move he claims would violate...
STX Defies Market Trend, Rallies by 244% in February
Stacks Network, a layer 2 protocol that runs on the Bitcoin blockchain, distinguished itself by sustaining the price rally of its native token while several crypto prices declined. In February...
WBTC Supply Drops 15% as Celsius Burns 22,732 Tokens in Two Days
Data from Dunes, the on-chain analytics platform, shows that 22,732 WBTC were burned in two days. An initial batch of 11,500 WBTC tokens was burned on February 27, 2023, followed...
