Ethereum, a leading cryptocurrency, has recently encountered a turbulent phase, shedding more than 27% of its value in a span of fewer than five days. This rapid decline has stirred up considerable anxiety within the crypto community, with traders and analysts alike pondering the possibility of a forthcoming bear market. As market sentiment skews towards
In the landscape of cryptocurrency trading, the presence of gaps in Bitcoin’s price—often spotlighted through the Chicago Mercantile Exchange (CME) futures—holds substantial significance. Recently, a new gap has emerged within the price range of $78,000 to $80,700. This gap is more than just a number; it signifies a critical junction that traders and investors should
On March 17, the CME Group announced its intention to launch futures contracts for Solana (SOL), pending regulatory clearance. This strategic move underscores the increasing demand among clients for sophisticated financial tools in the cryptocurrency market. The futures contracts will be offered in two different sizes, with a 25 SOL micro-contract option for smaller trades
The rapidly evolving landscape of cryptocurrency has brought forth significant challenges for regulatory agencies, particularly the United States Securities and Exchange Commission (SEC). Recent actions taken by the SEC, including the dismissal of various lawsuits against key players in the crypto industry, have raised concerns about the implications of such a strategy. Commissioner Caroline Crenshaw
Thorchain, a decentralized exchange protocol that emphasizes interoperability, currently finds itself in a crisis that raises significant questions about its governance and long-term viability. This situation intensified after revelations emerged that North Korea’s infamous Lazarus Group has exploited the protocol to launder funds. With key developers resigning amidst accusations of insufficient action against illicit activities,
Recently, the U.S. Securities and Exchange Commission (SEC) has issued a statement from its Division of Corporation Finance that delineates its perspective on meme coins, a new class of digital assets that has gained popularity alongside the rise of social media and meme culture. The exponential growth of these cryptocurrencies demands a closer examination of
In a significant move that underscores the tensions between cryptocurrency exchanges and regulatory bodies, Dunamu, the parent company of Upbit—the largest cryptocurrency exchange in South Korea—has initiated legal proceedings against the Financial Intelligence Unit (FIU). This lawsuit stems from the FIU’s suspension of certain business operations due to alleged regulatory non-compliance related to customer due
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
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
In a troubling revelation for the cryptocurrency sector, the FBI has linked a massive $1.5 billion cyberattack on the Bybit exchange to North Korea’s Lazarus Group. This breach, which occurred on February 21, resulted in the theft of over 41,000 ETH directly from Bybit’s cold wallet. As cyberattacks become alarmingly frequent in the digital finance