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.
SEBA Bank Inches Closer to Offering Virtual Asset Services in Hong Kong
Swiss crypto-focused SEBA Bank receives provisional approval in Hong Kong. The company said it will be able to launch its services once it meets certain…
L2 Wars: Base Sees Explosive Growth, Arbitrum Has Most Active Users
CoinGecko publishes a new blog featuring the fastest-growing L2 blockchains. Coinbase’s network Base gains 1 million unique addresses in just 11 days, post-launch. Arbitrum, Optimism,…
ETF Was GBTC’s Ultimate Goal; Grayscale’s Only Option Was To Sue SEC
Judge Neomi Rao's ruling compels SEC to reevaluate Grayscale's spot Bitcoin ETF application. Michael Sonnenshein, Grayscale's CEO, emphasized long-standing intention to evolve GBTC into a…
Crypto Bank SEBA Receives In-Principle Approval From Hong Kong
Swiss crypto bank SEBA has received in-principle approval from Hong Kong’s regulator to undertake licensed crypto services. There’s a demand for derivatives from crypto companies…
Fifth-Largest Bitcoin Wallet holding $2.46B Owned Is by US Government
PeckShield Alert tweeted that the US government is behind the first-largest Bitcoin wallet. The wallet holds over $2.46 billion worth of Bitcoin, linked to the…
Data Shows GameFi, Play-to-earn NFT Investors in 91% Loss Since 2022
GameFi and Play-to-earn NFTs saw the worst performance; a $1k investment in January 2022 is now worth only $90. Metaverse-based NFTs saw a slightly better…
CoinDesk’s Op-Ed Retractions Spotlight Alleged Ties With Tron and Chainalysis
CoinDesk retracts op-ed articles attacking Tron's CEO Justin Sun and Chainalysis’ head of investigations. Retraction linked to policy violation against pseudonymous content engaging in personal…
Cardano Holders Stake $40M Worth of ADA Following Price Decline
Cardano users have staked more than 157 million ADA worth $40 million over the past week. The surge in staking activity can be attributed to…
Ethereum On-Chain Metrics Are Relatively Stable: On-chain Data
Santiment shared that ETH’s on-chain metrics are not showing any concerning signs at the moment. ETH’s trading volume, as well as the supply held by…
Crypto Influencer Ben Armstrong Fired From the Bitboy Crypto Company
Ben Armstrong, widely known as Bitboy, has been fired from the Bitboy Crypto company. The Bitboy company shared that the decision came after a culmination…
