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.
“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...
FDIC Forms Deposit Insurance for Troubled Crypto Start-up Lender SVB
On Friday, Silicon Valley start-ups lender, SVB Financial Group, was closed by the California Department of Financial Protection and Innovation and transferred to the Federal Deposit Insurance Corporation (FDIC). According...
Arthur Hayes Believes the Public was Mislead by SBF’s Demeanor
BitMex founder, Arthur Hayes, has shared his perception about Sam Bankman-Fried’s (SBF) fall from grace to grass. In a YouTube session with the team at “The Chopping Block”, Hayes noted...
Elon Musk “Open to the Idea” of Buying Silicon Valley Bank
Unusual Whales, the popular crypto market alerts provider, tweeted that Twitter CEO Elon Musk said he is “open to the idea” of buying the embattled Silicon Valley Bank (SIVB). Musk...
FXS Being Down 20+% Presents Perfect Buying Opportunity For Whale
The on-chain analysis platform Lookonchain posted a Tweet yesterday to share their new insights and observations about the buying habits of a particular crypto whale. According to the post, a...
Zodia Custody Registers as VASP in Luxembourg with CSSF
Zodia Custody, a crypto asset custodian under the British multinational Bank Standard Chartered, has been successfully registered as a virtual asset service provider (VASP) in Luxembourg with the help of...
XRP on Top 10 Purchased List Among 500 Biggest BSC Whales
WhaleStats (@WhaleStatsBSC), tweeted this morning that Ripple (XRP) made its way onto the top 10 purchased list among the biggest Binance Smart Chain (BSC) whales in the last 24 hours....
Binance CEO Mocks Critics as Two US Banks Crumble within a Week
Changpeng Zhao, the CEO of Binance, the largest crypto exchange, took to Twitter to mock US detractors as two significant banks in the United States became insolvent and unable to...
ADA, SOL, And MATIC All Up As Market Takes A Breath Of Relief
The market is finally taking a breath of relief as the crypto prices are once again showing signs of life. The crypto market tracking website CoinMarketCap indicates that the global...
Wall Street Optimistic of US Jobs Data Despite Uptick in Claims
Despite a slight uptick in jobless claims to 211,000 in February, Wall Street is optimistic about the labour market’s overall trajectory for the month. According to reports, analysts expect slower...
Banks Stand as a Hindrance to DeFi; Comments Coinbase CEO
Charles Hoskinson, the co-founder of the blockchain companies Input Output Global (IOG) and Coinbase tweeted today morning clarifying Coinbase’s announcement on the temporary halt of USDC: USD conversion during the...
Meta is Reportedly Building a Decentralized Social Network
Meta is reportedly working on building a next-generation replacement for Elon Musk’s Twitter. According to the report from Money Control, the Meta team is exploring a standalone, decentralized social network....
Tender.fi White Hat Hacker Returns $1.6 Million Loot for 62.15 ETH
Decentralized finance (DeFi) protocol Tender.fi has been made whole thanks to the hacker who returned $1.6 million that were exploited from the platform earlier this week. The white hat hacker...
FED Supports Innovation with Guardrails for Bank’s Crypto Activity
The U.S Federal Reserve Vice Chairman Michael S. Barr published an article titled, “The Federal Reserve’s Approach to Supervision and Regulation of Bank’s Crypto-related Activities,” .In the crux of the...
BTC Will Hit $16,600 as Miners Mount More Pressure, CryptoQuant
Since the beginning of the week, the price of Bitcoin (BTC) has been free falling from $23k. In the last 24 hours, it has gone below the $19k price point....
Mayhem Reigns in Crypto Market: KuCoin Sued, SVB Scrambles
Binance CEO Changpeng Zhao, aka CZ, recently tweeted about the turmoil in the cryptocurrency market this week, stating that he slept for only four hours and woke up to chaos....
SHIB and ETH May Enter Into a Large Selloff in the Coming Days
Ethereum (ETH) and the rest of the altcoin market seem to be at the mercy of the crypto lender, Voyager, given that the lender currently holds large amounts of tokens...
Crypto Trading Platform Revolutionize Crypto Referral Programs
Referral programs have played a significant role in promoting crypto platforms. While many crypto platforms still offer a one-level referral program, Millionero, a crypto trading platform, made its entry into...
Whale Unstakes 50.27M MATIC, Transfers Half to Binance: Lookonchain
Onchain data analysis tool Lookonchain claims a $MATIC whale unstaked 50.27M $MATIC, approximately $53.7 million, and transferred 26.5M $MATIC to Binance earlier today. According to the platform, the whale received...
Levy On Crypto Transactions To Raise $24M In Biden’s Budget
US President Joe Biden’s impending 2024 fiscal budget is believed to raise $24 million by changing the tax treatment of cryptocurrency transactions. White House Deputy Press Secretary Emilie Simons took...
CMC Ranks Top 5 Blockchains by Total Value Locked (TVL)
CoinMarketCap categorizes the largest blockchains on the basis of total value locked (TVL) and total protocol numbers. CMC has also listed various figures for these blockchains. At press time, the...
