In a recent report by Fox Business, it was revealed that a new advocacy group known as “Crypto for Harris” has been launched with the goal of countering Donald Trump’s influence in the industry. The group is set to hold a virtual town hall meeting in the upcoming week to show their support for the
Crypto
Brazil’s Securities and Exchange Commission (CVM) recently made headlines by approving the country’s first Solana-based exchange-traded fund (ETF). This approval has positioned Brazil ahead of other countries, such as the United States, in the realm of crypto investments. The ETF, created by QR Asset and managed by Vortx, is currently in the preparatory stage awaiting
XRP has recently shown significant strength in the crypto market, outperforming other major assets with a notable price increase of nearly 20% in just one day. While other cryptocurrencies have been struggling, XRP has managed to reach $0.64 before slightly retracing to $0.61. This surge has led to a monthly gain of 42%, showcasing a
In a recent development, United States District Judge Peter Castel has finalized a $12.7 billion settlement requiring the bankrupt cryptocurrency exchange FTX and its sister company Alameda Research to compensate the creditors of FTX. This settlement is the result of a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC) that lasted for
Investing in the cryptocurrency market can be a rollercoaster ride of extreme highs and lows. While some assets like Shiba Inu may see astronomical gains, the reality is that most crypto assets tend to deliver diminishing returns with each parabolic price rally. It is important to remember that past performance is not a guarantee of
The DeFi protocol Nexera recently found itself at the center of a security breach, leading to the theft of $1.5 million worth of NXRA tokens. This incident not only resulted in a substantial financial loss but also caused the value of Nexera’s native token to plummet by over 40%. The breach was first detected on
CryptoQuant CEO Ki Young Ju remains optimistic about the future of bitcoin, predicting that if the cryptocurrency’s price can stay above $45,000, it has the potential to surpass its all-time high within the next year. His positive outlook comes at a time when some bearish indicators are looming in the broader financial markets, following bitcoin’s
Bitcoin whales have been actively accumulating significant amounts of the cryptocurrency over the past month during the market slump. On-chain activity has revealed that over 404,448 BTC, valued at approximately $22.8 billion, has been moved to permanent holder addresses in the last 30 days. This accumulation trend indicates a potential shift in the market dynamics
Shiba Inu (SHIB) experienced a significant surge of 20% on August 6th, showcasing a strong rebound in the overall meme coin market niche. Despite a 18% decline on a weekly scale, SHIB’s price is currently hovering around $0.00001359. This price increase comes after a recent market crash, indicating a newfound momentum in the meme coin
On August 5, spot Bitcoin exchange-traded funds (ETFs) in the United States saw a historic milestone, surpassing $5 billion in daily trading volume. This surge in volume is the first of its kind since mid-April, indicating a renewed interest in Bitcoin ETFs among investors. DefiLlama data revealed that BlackRock’s IBIT ETF played a significant role
