Trading volume on centralized exchanges experienced a significant decline of 21.8% in June, marking the third consecutive month of diminishing activity since March. A report by CCData revealed that the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, a sharp drop from the peak of $9 trillion recorded earlier in
Crypto
In the fast-evolving world of cryptocurrency, dog-themed meme coins have recently captured the attention of investors and traders alike. Coins like Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and dogwifhat (WIF) have experienced significant growth in the first half of 2024. This surge in popularity can be attributed to their strong communities, active social
Ethereum had an impressive week, closing with a 12% price increase. The market rally allowed ETH to establish $3,300 as key support, setting a new base for buyers to aim for $4,000. This level will also serve as crucial resistance, with the last test in May resulting in rejection from sellers. Optimism is on the
Shiba Inu, a popular meme coin, recently saw a significant increase in its burn rate, with a whopping 450% surge in the past 24 hours. This surge resulted in nearly 50 million tokens being sent to a null address. While the USD equivalent of this may seem insignificant, the continuous efforts to reduce the circulating
Ethereum co-founder Vitalik Buterin recently issued a cautionary statement against aligning political support solely with a candidate’s pro-crypto stance. He highlighted the broader values of individual freedoms and technological advancement that should be considered when evaluating political figures. Buterin argued that focusing solely on cryptocurrency could potentially undermine the fundamental principles that guided the industry’s
BlockFi, a bankrupt crypto lender, has announced a significant step in its journey towards repaying its clients. The first interim distribution of funds will be facilitated through Coinbase, starting this month. This interim distribution is set to begin in July and will be processed in batches in the coming months. Eligible clients will be notified
DeFi Technologies, a Canadian fintech company, has been making significant moves in the cryptocurrency space recently. The company has acquired a large batch of Bitcoin (BTC) to add to its balance sheet, following its decision to make the asset a core part of its treasury strategy last month. In addition to the 110 BTC it
Bitcoin’s price has been on a rollercoaster ride recently, with a month of bearish price action followed by a strong recovery. The market is currently showing signs of upward momentum, with the potential to reach a new all-time high in the near future. On the daily chart, the price has managed to find support at
Shiba Inu (SHIB), the second-largest meme coin by market capitalization, recently experienced a surge in price, increasing by almost 20% in just two weeks. However, this rally was short-lived as the price dropped by 4.5% in the past 24 hours, currently valued at approximately $0.00001868. This decrease coincided with a significant decline in active Shibarium
The leading crypto exchange, OKX, has recently announced the discontinuation of its services in Nigeria due to recent regulatory changes. This decision has left Nigerian users with a limited amount of time to withdraw their assets from the platform before facing restrictions. According to emails sent to OKX’s Nigerian users, customers have until August 30
