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.
LUNC Soars to 3-Month High Post USTC’s Explosive Rally
TerraClassicUSD (USTC) has witnessed a significant surge, climbing over 160% within 24 hours. This surge, driven by a strategic investment by Terra Classic Labs (TCL), has had a cascading effect...
Link on the Verge of a Breakout as Staking Upgrade Set To Go Live
Technical indicators for Chainlink (LINK) suggest that the altcoin may surge soon as Chainlink Staking v0.2 is scheduled to start tomorrow. Following tomorrow’s launch, there will be a nine-day “Priority...
Circle Partners With SBI Holdings to Promote USDC Circulation in Japan
USDC issuer Circle has announced its partnered venture with SBI Holdings, the financial services company based in Tokyo, to promote the circulation of USDC and the establishment of Web3 services...
Bitcoin Mining Hits Record Difficulty: 5.07% Increase at Block 818,496
The Bitcoin network has recently hit a significant milestone regarding the difficulty level of mining a new block. In particular, according to statistics from Bitcoin Blockchain Explorer, BTC experienced a...
Cosmos’ ATOM Inflation Rate Reduction Proposal Receives Green Signal
According to recent reports, the Cosmos community has agreed with the proposal to reduce ATOM’s inflation rate to 10%, with a majority of 41.1% supporting the scheme. The proposal intends...
ECB President’s Son Loses 60% Of His Crypto Investments: Report
The ECB President Christine Lagarde revealed that her son has lost about 60% of his investments in cryptocurrencies. Lagarde asserted that though her son disregarded his warnings against crypto, he...
ETH Whale Transfers 20K Tokens After 3 Years of Dormancy
According to Lookonchain, an ICO participant transferred 20,000 ETH after three years of dormancy. The user also deposited 10 ETH on Kraken, according to the smartmoney platform. The timing of...
El Salvador President Losses Approximately $8M in Bitcoin Investment
The El Salvadoran president has invested over $126 million in bitcoin since 2021. The current value of the president’s holdings is around $118 million, translating to a loss of over...
Court Approves Terra’s Do Kwon Extradition to U.S. and South Korea
Montenegro’s justice minister will decide on Do Kwon’s extradition. Do Kwon is serving a four-month prison term in the country for document forgery. A Montenegro court said requirements for Do...
Ripple on Potential of NFTs: “We Have Not Even Scratched the Surface”
The blockchain company said NFTs are in their early stages and hold more potential. Ripple Labs highlighted its plans and recent strides in the tokenisation and NFT space. Ripple predicts...
SBF Is Locked Up With Former Honduran President and Ex-Mexican Police Chief
Sam Bankman-Fried (SBF), the once-high-flying founder of crypto exchange FTX and trading firm Alameda Research, is getting adjusted to his new life inside the confines of Brooklyn’s Metropolitan Detention Center....
Ark Invest Cuts Bitcoin Trust Holdings Despite Bullish Predictions
Ark Next Generation Internet ETF, an actively managed fund from the team at Ark Investment Management, is reducing its holding of the Grayscale Bitcoin Trust, according to Bloomberg. It was...
CoinGecko: 10 AI Tokens Surge as Sam Altman Left and Rejoins OpenAI
CoinGecko, a large cryptocurrency tracking website, releases an insight into the 10 Artificial Intelligence tokens that increased by 11.8% to 80.4% from November 20 to November 23. This large crypto...
How Will Binance’s Non-Compliance With US Laws Impact Gopax?
According to the latest reports, the South Korean crypto exchange Gopax has been adversely impacted by the recent revelations of Binance’s non-compliance with the anti-money laundering rules. Gopax finds itself...
Multiple Events Are Influencing Crypto Market Volatility: Analyst
According to the Crypto Banter host, several events have occurred in the last few days that affect the crypto market dynamics. He added that the nature and extent of these...
Justin Sun Could Be the Next Sam Bankman-Fried, Analyst Claims
A prominent crypto YouTube channel, “Discover Crypto,” has argued that the HTX exchange, under the advisory of Tron founder Justin Sun, could be the next FTX amid the alleged scandals...
Austria’s Raiffeisen Bank to Launch Crypto Services Next Year
Austria-based Raiffeisen Bank International will reportedly start providing cryptocurrency trading services to its customers, leveraging an existing partnership with crypto exchange Bitpanda. The bank plans to roll out the services...
Crypto Industry Should Self-Police, Says Kraken Co-founder
Following the recent $4.3 billion fine imposed on Binance by the U.S. Department of Justice and a lawsuit from the U.S. Securities and Exchange Commission (SEC) against Kraken, co-founder Jesse...
60M+ HT Sent to HTX Exchange Platform Following Hack
The whale tracking platform Whale Alert shared on X today that a substantial amount of Huobi Token (HT) was sent to the HTX exchange, formerly known as Huobi. According to...
KyberSwap DEX Suffers $46.5M Exploit, Users Asked To Withdraw Funds
Decentralized exchange KyberSwap became the latest victim of a major exploit, with $46.5 million drained from the platform earlier today. In an urgent tweet, the Kyber team informed users that...
Crypto Bank Silvergate Repays Deposits as Part of Liquidation Plans
Silvergate Capital, a cryptocurrency-focused bank, announced on Wednesday it had fully reimbursed all remaining deposit liabilities, Reuters reported. The recent move follows the bank’s decision to cease operations earlier this...
Rare SMA20 Golden Cross Imminent on Altcoin; Is This a Bullish Sign?
Amid the bearish trend that rocked the crypto market in the last 24 hours, with digital assets such as BNB taking a major hit, a prominent Bitcoin trader has argued...
Mt.Gox Creditors Set To Start Receiving Repayments in 2023-2024
In 2014, Mt.Gox suffered from the largest Bitcoin hack up to that point in time. Wu Blockchain announced on X today that Mt.Gox creditors received emails from the bankruptcy trustee....
Top 10 Cryptocurrency Picks To Own Over the Next 12 Months: Deaton
Lawyer and cryptocurrency enthusiast John Deaton shared his top 10 token picks on X today. According to the post, Deaton would choose to hold Bitcoin (BTC), Ripple (XRP), Ethereum (ETH),...
Sam Altman Reinstated: OpenAI Coup Flops After Mass Backlash
Sam Altman has been reinstated as the CEO of OpenAI, the leading company in the fledgling artificial intelligence industry. Altman’s reinstatement follows days of a rollercoaster of events within the...
