The recent 15% drop in the crypto markets has caused a stir, with over $350 million exiting the space. This correction has led to monthly support levels being broken and crypto assets reaching their lowest levels since late February. However, market analysts like Adam Back have pointed out that such corrections are not unusual in
Crypto
The world of cryptocurrency is constantly evolving, with meme coins gaining popularity and attention during the latest bull cycle. As Bitcoin remains a major player in the market, the performance of meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) is closely tied to its movements. With the upcoming US Presidential elections also on the
PancakeSwap, a popular multi-chain decentralized exchange (DEX), has recently introduced a significant community reward program that is set to run from July 5 to August 5. This initiative aims to distribute a total of 2.45 million zkSync (ZK) tokens to its community members as a token of appreciation for their support of the zkSync PancakeSwap
In the past 24 hours, the cryptocurrency market has taken a major hit, with the total capitalization dropping to a low of $2.07 trillion. This marks an 8.6% decrease in value across the board. Most of the top digital assets are showing losses, with only a select few managing to see minor gains. Bitcoin, the
Bitwise, the asset management firm, has taken a significant step by amending its S-1 registration with the United States Securities and Exchange Commission (SEC) to allow the listing and trading of shares for a spot Ether exchange-traded fund (ETF). This move comes in light of SEC Chair Gary Gensler’s recent statement indicating that the commission
BitMEX, a derivatives exchange operating from Seychelles, has excited the trading community with its recent announcement of the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative product is aimed at providing traders with a unique opportunity to gain exposure to a selection of the top meme coins in the market through a single contract. Positioned
The Bitcoin network is currently experiencing some signs of miner capitulation. This phase is characterized by miners either stopping their operations or selling off part of their Bitcoin reserves. Following the recent halving event, the network hash rate has declined by 7.7% from its peak in April. This decrease in hash rate could indicate that
In recent developments, Ripple has utilized a court ruling regarding Binance’s BNB token to bolster its defense against the SEC’s harsh penalties for XRP sales. The argument revolves around the lack of regulatory clarity in the industry, citing the ruling as a supporting factor. However, the SEC has dismissed the relevance of the Binance case
The meme coin DADDY has experienced a significant surge of 35% in its price over the past 24 hours, currently trading at around $0.15. This surge seems to have been triggered by an announcement from Andrew Tate, a former kickboxer and online influencer, who encouraged DADDY holders to accumulate more assets within a 72-hour period.
The asset management industry is buzzing with anticipation as the Security and Exchange Commission (SEC) is potentially gearing up to approve the first U.S. ETFs directly investing in Ethereum. There is a sense of optimism among asset managers, with the possibility of approval by mid-July looming on the horizon. ETF applicants have been given until
