In recent days, the cryptocurrency landscape has been shaken by a significant downturn, with the total market capitalization of digital assets dropping below the $2.8 trillion mark. Bitcoin (BTC), the flagship cryptocurrency, has seen a staggering decline of about 19% over the previous week. Ethereum (ETH), its closest competitor, has fared even worse, witnessing a
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This Friday, February 28, marks a notable date for cryptocurrency traders as approximately 58,000 Bitcoin options contracts are set to expire, representing a staggering notional value of around $4.7 billion. The expiration of options contracts typically serves as a pivotal moment in the cryptocurrency market, especially when coinciding with the end of the month. This
On a significant note in the timeline of cryptocurrency regulation, Cameron Winklevoss, co-founder of the digital asset exchange Gemini, announced that the U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into the firm without pursuing any enforcement action. This announcement comes almost two years after the SEC’s inquiry was initiated, and notably,
Cryptocurrency exchanges and wallets often preach security as their foremost priority, but the recent hack at Bybit has thrown a wrench into this narrative. With former Binance CEO Changpeng Zhao (often referred to as CZ) taking a critical stance towards Safe Wallet’s post-hack update, the incident has not only sparked discussions about the vulnerabilities within
In a surprising turn of events, Bitcoin’s price tumbled below $90,000 following U.S. President Donald Trump’s announcement of a 25% tariff on imports from Canada and Mexico. This immediate reaction illustrates how intertwined Bitcoin, and cryptocurrency in general, are with global economic policies. When faced with such news, investors tend to mitigate their financial exposure
The Bitcoin market is currently experiencing a significant shift in investor sentiment, reflected starkly in the Bitcoin Fear & Greed Index, which has plummeted to an alarming low of 10, the most severe reading since June 2022. This drastic dip signifies extreme fear among investors, raising questions about the underlying reasons and potential consequences of
The decentralized finance (DeFi) ecosystem is often perceived as an unpredictable arena, awash with volatility and competitive forces that can pivot fortunes overnight. Among the recent titans to emerge from this chaos is Jupiter Exchange, which has decisively eclipsed many established players in just a short span. With daily fees reaching an impressive $2.73 million,
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has entered its fifth year, captivating the attention of the cryptocurrency world. The lawsuit, primarily focused on whether Ripple’s XRP token constitutes a security, has implications not only for the companies involved but for the entire cryptocurrency market. As multiple
The U.S. Bitcoin exchange-traded fund (ETF) market is currently navigating turbulent waters, highlighted by a staggering single-day outflow close to $938 million on February 25. This unprecedented withdrawal not only underscores a significant decline in Bitcoin’s market position but also indicates deepening investor skepticism. With Bitcoin prices plunging below $87,000—marking their lowest levels since mid-November—this
In a significant shift for the Ethereum Foundation (EF), Aya Miyaguchi has moved from her role as Executive Director to take on the position of President, a change she initially contemplated a year prior. This transition reflects not only her personal growth but also the evolving landscape of Ethereum, a platform that has become a
