In recent days, the cryptocurrency market has experienced a significant surge, adding a whopping $200 billion to its overall valuation. The two leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have seen notable price increases, with BTC surpassing the $63,000 mark and ETH reclaiming the $3,300 level. Additionally, meme coins such as Dogecoin (DOGE) and Shiba
In the rapidly evolving world of cryptocurrency and decentralized finance (DeFi), one platform has been making waves recently. Scroll, a ZK rollup Layer 2 network, has seen a significant surge in its Total Value Locked (TVL) over the past week, reaching an impressive $1.03 billion according to L2Beat data. This marks a 23% increase and
The Sandbox has revolutionized the way its users can complete transactions by introducing a new update that allows for direct LAND transactions through its website. This update eliminates the need for third-party platforms, providing a seamless experience for buying and selling LAND within the platform itself. Users can now list, buy, and manage their properties
In the rapidly evolving financial landscape, keeping abreast of the latest developments is crucial for investors and market participants. The collaboration between Wirex and Visa presents a groundbreaking opportunity to streamline digital transaction processing. Wirex, known for its innovative Web3 money app, has joined forces with Visa, a global leader in digital payments, to enhance
Recently, South Korean lawmakers introduced a bill to postpone the implementation of the crypto gain tax until 2028. This decision was made in response to the current negative sentiments surrounding the cryptocurrency industry. The ruling political party argues that with the declining investment sentiment towards virtual assets, hastily imposing taxes on them may not be
Despite recent bearish trends in the market, JP Morgan, an American multinational finance company, has maintained a bullish stance on the Bitcoin price outlook. The bank has announced a timeline for the conclusion of ongoing BTC liquidations, with a prediction of a subsequent rebound in the market. According to a research report released by JP
During the past week, digital asset investment products experienced record-breaking inflows amounting to $1.44 billion, contributing to the year-to-date inflows of $17.8 billion. This surge in investment activity shattered the previous record set three years ago. Despite the strong inflows, trading volumes remained relatively low at $8.9 billion for the week, falling short of the
Bitcoin has recently surged back to the $63,000 level, marking a two-week high that has caught the attention of analysts. The move has been attributed to “U.S. whales,” with institutional Bitcoin purchases on the rise again. A key indicator that analysts have looked at is the Coinbase premium gap, which has shifted from a selling
XRP, the cryptocurrency created by Ripple, has seen a significant price increase recently, outperforming major digital assets in the market. With a 27% price jump in just a week, XRP has caught the attention of many investors and analysts. The cryptocurrency market as a whole has been on a rally, with a total market capitalization
In a bold move, Metaplanet, an investment firm based in Japan, recently made a significant Bitcoin purchase worth 42.4 Bitcoin for ¥400 million ($2.4 million) to add to its holdings. This decision comes at a time when Bitcoin is trading at $57,652, down 8% over the last week, and struggling to reclaim the $60,000 mark.
