The cryptocurrency market has been undergoing tumultuous fluctuations, particularly evident in Bitcoin and Ethereum exchange-traded funds (ETFs). February 2025 will not be remembered fondly among cryptocurrency investors, especially as Bitcoin ETFs witnessed unprecedented net outflows. After enduring a relentless eight-day streak of financial withdrawals, the situation seems to have slightly improved for Bitcoin; however, Ethereum
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In recent weeks, the cryptocurrency market has experienced an intense tumult, with Bitcoin at the epicenter of these fluctuations. After witnessing a drastic plunge to an alarming $78,000, the leading cryptocurrency has made a notable rebound, adding approximately $7,000 back to its value. This volatility isn’t merely limited to Bitcoin; alternative coins—often referred to as
The Tron network’s stablecoin landscape prominently features Tether’s USDT, which has become the uncontested leader in the realm of digital asset transfers and trading. A recent assessment from CryptoQuant underscores USDT’s formidable market position: it commands an astounding 98.5% of the total stablecoin supply on the network. This translates to a circulating supply of approximately
Thorchain, a decentralized exchange protocol emphasizing interoperability, finds itself in a precarious position as internal discord deepens. Recently, significant controversies have arisen surrounding its governance and capabilities, particularly concerning illicit financial activities linked to prominent criminal organizations. The urgency of this situation has been amplified by the revelation that North Korea’s notorious Lazarus Group has
In a recent announcement, the U.S. Securities and Exchange Commission’s Division of Corporation Finance has taken a definitive stance regarding meme coins, categorizing them not as securities but rather as collectibles. This significant clarification comes against the backdrop of increasing scrutiny and regulation surrounding the burgeoning cryptocurrency market. By delineating that transactions involving meme coins
In the ever-evolving world of cryptocurrency, recent developments have induced a wave of concern among investors and enthusiasts alike. The total market capitalization for cryptocurrencies has experienced a notable drop, plunging beneath the $2.8 trillion threshold. Particularly hard hit has been Bitcoin (BTC), witnessing a staggering 19% decrease in value over the past week. However,
Cryptocurrency markets are often volatile, driven by a myriad of influencing factors, not the least of which are the expiration of options contracts. On February 28, a significant number of Bitcoin options contracts, totaling around 58,000, will come to fruition, carrying a notional value of approximately $4.7 billion. This substantial expiry, larger than typical due
In a recent turn of events, the Federal Bureau of Investigation (FBI) has directly linked a staggering $1.5 billion cyber heist targeting the cryptocurrency exchange Bybit to the infamous Lazarus Group, a North Korean state-sponsored hacking organization. This incident, which unfolded on February 21, witnessed the compromise of Bybit’s cold wallet, resulting in the theft
Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, recently announced a significant development in the sector: the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Gemini. This decision comes nearly two years after the initiation of the inquiry and follows the issuance of a Wells Notice to Gemini over nine months ago.
The cryptocurrency landscape has faced numerous challenges, not least of which is the security of digital wallets and exchanges. The recent Bybit hack, which resulted in a staggering loss of nearly $1.5 billion, raised eyebrows across the industry, especially regarding the response from Safe Wallet. The former CEO of Binance, Changpeng Zhao (CZ), publicly criticized
