The cryptocurrency market experienced a significant downturn in the last 24 hours, with the total capitalization dropping to as low as $2.07 trillion, marking an 8.6% decrease in just one day. This decline has caused major digital assets to plummet, with only a handful managing to buck the trend and see slight gains. Bitcoin, the
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Bitwise, an asset management firm, has made changes to its S-1 registration with the SEC to enable the listing and trading of shares for a spot Ether exchange-traded fund (ETF). Following remarks from SEC Chair Gary Gensler indicating that approvals for spot Ether ETFs could be finalized by summer 2024, Bitwise’s updated Form S-1 registration
BitMEX, a renowned derivatives exchange based in Seychelles, has recently introduced the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative offering aims to provide traders with an avenue to access and speculate on the performance of leading meme coins in the market through a single contract. Termed as the “S&P500 for crypto meme coins,” this
The recent court ruling on Binance’s BNB token has sparked a new wave of arguments in the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC). Ripple is using this ruling to argue against the harsh penalties imposed by the SEC for its sales of XRP. The company is citing the
The Bitcoin network is currently displaying signs of miner capitulation, a phase where miners either halt their operations or sell off a portion of their Bitcoin reserves. This phase is crucial as it is historically associated with the bottoming out of Bitcoin prices, paving the way for a potential uptrend in the asset’s value. Since
The newest player in the meme coin market, DADDY, has experienced a significant surge in price by 35% within the past 24 hours. This surge has propelled the coin to trade at around $0.15, with its market capitalization nearing the $100 million mark. The catalyst for this sudden rally appears to be an announcement made
Asset managers are currently expressing optimism regarding the potential approval of the first U.S. ETFs directly investing in Ethereum by the Security and Exchange Commission (SEC), with expectations of approval possibly by mid-July. The SEC has given ETF applicants a deadline until July 8 to submit updated paperwork and amended S-1s, with potential additional rounds
Bitcoin’s price has recently experienced a 15% decrease since hitting an all-time high in mid-March. This dip has caused uncertainty among investors and traders, wondering if the bullish trend is coming to an end. One important metric to consider is the Fear and Greed Index, which reflects investor sentiment in the market. With the index
In the midst of the year 2024, Bitcoin and Ethereum have emerged as the standout assets, outperforming traditional investments like the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. According to a recent update from Matrixport, these two cryptocurrencies have once again taken the lead among various asset classes. The approval of
Artificial intelligence (AI) has become an integral part of our lives, with various applications ranging from chatbots to content filtering. However, the concept of AI censorship is raising concerns among experts, including Charles Hoskinson, the co-founder of Cardano. Charles Hoskinson highlighted the issue of AI censorship, emphasizing that the alignment training associated with it is
