The cryptocurrency market has experienced a significant downturn in the past 24 hours, with the total market capitalization plunging to $2.07 trillion, marking an 8.6% decrease within a day. This downward trend has impacted the majority of major digital assets, leaving only a handful of them resilient to the negative trajectory. The flagship cryptocurrency, Bitcoin,
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Bitwise, an asset management firm, recently made amendments to its S-1 registration with the United States Securities and Exchange Commission (SEC) to allow for the listing and trading of shares of a spot Ether exchange-traded fund (ETF). This move comes in light of SEC Chair Gary Gensler’s statement indicating that approvals for spot Ether ETFs
BitMEX, the Seychelles-based derivatives exchange, has recently introduced a new financial product called the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative offering aims to provide traders with a convenient way to access a diverse range of meme coins in the cryptocurrency market through a single contract. The MEMEMEXTUSDT Basket Index includes popular meme coins
The Bitcoin network is currently experiencing a significant drop in hash rate, indicating a state of miner capitulation. This phase is characterized by miners either shutting down operations or selling off part of their Bitcoin reserves. Since the recent halving, the network hash rate has decreased by 7.7% from its peak on April 27. This
Recently, Ripple has been using a court ruling regarding Binance’s BNB token to bolster its defense against the SEC’s harsh penalties for XRP sales. The company argues that the lack of regulatory clarity surrounding the legality of these sales should not warrant severe punishments. The ruling that caught Ripple’s attention was made by Judge Amy
In the realm of meme coins, one of the latest sensations to capture the attention of the crypto community is DADDY. Over the past 24 hours, DADDY has seen a remarkable price surge of 35%, reaching a trading value of about $0.15 according to CoinGecko. This surge has propelled the token’s market capitalization to nearly
Asset managers are eagerly awaiting the Security and Exchange Commission’s approval for the first U.S. ETFs directly investing in Ethereum. There is optimism that this approval may come as soon as mid-July. The SEC has set a deadline of July 8 for ETF applicants to submit updated paperwork and amended S-1s, with possible additional rounds
Bitcoin, the leading cryptocurrency, has seen a 15% drop in price since reaching an all-time high of over $73,500 in mid-March. Despite this significant decline, there are indications that the bull run may not be over yet. Various factors point to potential buying opportunities for investors looking to capitalize on the market situation. One of
In the first half of 2024, Bitcoin and Ethereum have emerged as the standout performers in the financial market. These cryptocurrencies have managed to outshine traditional investment options such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. This incredible performance has caught the attention of many investors and analysts alike.
Artificial intelligence (AI) has become an integral part of our everyday lives, from social media algorithms to chatbots. However, Charles Hoskinson, co-founder of Cardano, has raised concerns about the implications of AI censorship. AI censorship involves the use of machine learning algorithms to filter out content deemed objectionable or sensitive. This practice, often implemented by
