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.
Justin Sun Accused of Covertly Acquiring TrueUSD: Archblock Lawsuit
The founder of DeFi marketplace Archblock has filed a lawsuit claiming that Justin Sun, the founder of Tron and CEO of BitTorrent, covertly acquired TrueUSD (TUSD). The news was reported...
US Senator Questions Tesla Board’s Compliance with Securities Law
United States Senator Elizabeth Warren has recently requested the Securities and Exchange Commission (SEC) to probe into the possible ties between Elon Musk’s Tesla and his takeover of the social...
Global Watchdog Proposes Impartial Regulatory Framework for Crypto
The whole of 2022 and early 2023 has featured some turbulent times for the crypto industry, which has been classified as a “potential threat to the wider financial system” by...
$27.5M Worth of Token Unlocks Set to Take Place This Week
The tokenomics insights page Token Unlocks noted in a tweet published earlier today that there will be more than $27.5 million worth of tokens unlocked this week. This week, there...
Layer 2 Protocols to Gain From Cancun Ethereum EIP-4844 Upgrade
Analyst Miles Deutscher predicted that the best Layer 2 protocols will gain from the Cancun Ethereum EIP-4844 upgrade. Deutscher also ranked projects on long-term perspective and their investment potential. The...
Bitgert’s BRISE Takes Flight: Gains 30%, Outperforms ETH, BNB, SOL
Bitgert, the well-known cryptocurrency platform, has had an eventful week with its native token BRISE soaring towards an impressive 30% positivity, taking the crypto community by surprise. In a recent...
This Crypto Trader Generates $427K in a Month Without Buying MEME Coins
In an unusual turn of events, a crypto enthusiast has raked in an impressive $427,000 within just one month. What was more intriguing is that the individual accomplished the feat...
Six Arrested In Hong Kong For Laundering $12 Million Through Crypto
The Hong Kong Police Force has arrested six individuals in connection with a money laundering scheme through cryptocurrencies. The arrested persons included a postsecondary student, who is suspected to be...
BTC Selloff Results in the Crypto Losing 2 Major Support Levels
This past week has been good for many cryptocurrencies, including the crypto market leader, Bitcoin (BTC). Unfortunately, CoinMarketCap indicated that, at press time, BTC was trading at $30,295.31 after it...
OpenSea Lens Protocol Profiles NFTs Witness Steep Price Decline to $50
The floor price of Lens Protocol Profiles NFTs on OpenSea, the popular marketplace for non-fungible tokens (NFTs), has witnessed a significant drop, as revealed by prominent Chinese crypto reporter Colin...
OP Gains More Than 8% While the Majority of the Market Drops
Although most cryptocurrencies were trading in the red heading into the weekend, the same can not be said for Optimism (OP), however, as it saw Optimism price rise by more...
US Presidential Candidate Ron DeSantis Vows to Ban CBDC ‘On Day One’
US Presidential candidate Ron DeSantis has declared his intention to ban central bank digital currencies (CBDC) in the United States on his first day in office if elected in 2024....
SOL’s Price Rebounds, but May Not Be Out of the Woods Yet
The price of Solana (SOL) dropped slightly over the past 24 hours according to CoinMarketCap. At press time, the altcoin was trading at $28.40 after it fell by 1.16%. Despite...
XRP’s Surge Pushes It Above BNB, USDC in Terms of Market Cap
Ripple (XRP) experienced a surge over the past 24 hours following the outcome of the multi-year lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) yesterday. The judge...
NYC Mayor Fails To Disclose BTC, ETH Holdings In Financial Disclosure
NYC Mayor Eric Adams announced that he will revise his financial disclosure form after it was highlighted that the form didn’t include any information about his Bitcoin and Ethereum holding....
Bitcoin Mining Stocks Continue to Soar as Investors File In
Kaiko, a cryptocurrency market data platform, reported today that Bitcoin mining stocks have made “a near-miraculous recovery.” Posting the report on its official Twitter page, Kaiko stated that Bitcoin mining...
Did Bank of America Close a Customer Account for Using Crypto?
Muneeb Ali, co-founder of Stacks and CEO of Trust Machines, took to social media to express his grievances after Bank of America (BoA) closed his account. This led him to...
Can Polkadot (DOT) Break the $5.28 Resistance Soon?
Polkadot (DOT), after surging to a 30-day on July 3, retraced and has been unable to beat the $5.28 resistance. Also, the release of the U.S. Consumer Price Inflation (CPI)...
AI Tokens Surge; Musk Sees China as Ally in Ethical Development of AI
Elon Musk, in a recent Twitter Spaces, said that he believes China is “on Team Humanity” when it comes to artificial intelligence (AI). The SpaceX CEO informed his followers that...
5 Cryptocurrencies to Watch That May Enter Into Another Leg Up
The cryptocurrency market has been experiencing some notable price fluctuations, with several cryptocurrencies poised for potential bullish rallies. Among the top contenders are ADA, AVAX, ZIL, XRP, and LINK, which...
TRON Active Addresses Hit 17M, Outperforming BNB Chain, ETH, SOL
The TRON (TRX) blockchain network has recently emerged as a formidable player in the crypto space, surpassing BNB Chain and Ethereum in terms of active addresses. In a recent tweet,...
Ordinals and STX Among Projected Beneficiaries of BlackRock ETF
Tom Busby of CryptoBusy YouTube thinks approving the BlackRock ETF would bring cash into the crypto market. He believes cryptocurrencies related to Bitcoin will gain the most from the cash...
Secondary Sale of LBRY Credits Left Hanging as the Company Winds Down
LBRY Inc., the New Hampshire software company known for its decentralized content platform, announced on Tuesday that it will be winding down its operations in accordance with a court order....
$70M+ Worth Of APE, APT, IMX To Be Unlocked In Next 30 Days
Data from the tokenomics tracking platform Token Unlocks indicates that substantial amounts of ApeCoin (APE), Immutable (IMX), and Aptos (APT) will be unlocked within the next month. In total, just...
Bloomberg Analyst Cautions that Cryptos Face Heightened Risk in a Recession
In a recent tweet, Mike McGlone, a Bloomberg analyst, raised concerns about the potential risks faced by cryptocurrencies during periods of economic recession. McGlone highlighted that recessions often lead to...
