The cryptocurrency market is no stranger to turbulence, but recent events surrounding Ethereum (ETH) have raised alarms across the board. Following a dramatic drop that saw ETH plummet over 20% within hours, many investors are left grappling with uncertainty. The mere fact that the second-largest cryptocurrency by market cap fell to its lowest level since
In a groundbreaking development, the U.S. Securities and Exchange Commission (SEC) has established a Crypto Task Force that embodies a significant pivot in how digital assets will be regulated. The first roundtable, aptly scheduled for March 21, focuses on what constitutes a security within the complex landscape of cryptocurrency. This initiative, dubbed the “Spring Sprint
In a shocking revelation from Bybit’s CEO, Ben Zhou, it has been confirmed that $1.07 billion—approximately 77% of the assets lost in a staggering $1.4 billion security breach—can still be traced. Though this initial information may provide a glimmer of hope, the underlying issues surrounding the breach highlight serious vulnerabilities within decentralized platforms and invite
In a groundbreaking move that has sent ripples through the digital art community, the U.S. Securities and Exchange Commission (SEC) officially closed its investigation into Yuga Labs, the powerhouse behind the famed Bored Ape Yacht Club and CyberPunks NFT collections. This closure is not merely procedural; it’s a crucial endorsement of the NFT ecosystem that
Bitcoin has navigated a tumultuous week, characterized by sharp declines that sent shivers through its dedicated community. However, much to the delight of investors, Bitcoin has clawed its way back above the $90,000 mark, reigniting discussions about the cryptocurrency’s potential. Fueled primarily by President Donald Trump’s surprising announcement regarding a U.S. crypto strategic reserve, Bitcoin’s
The financial world can often feel like a roller coaster driven by the whims of celebrities, politicians, and economic data, all converging with seismic effects on the markets. Recently, Bitcoin’s price surge past $95,000 amid low liquidity was instigated by a political announcement from former President Donald Trump about the establishment of a US Crypto
In an unexpected and revealing move, David Sacks has publicly acknowledged that he divested from all his cryptocurrency assets just before stepping into his role within the Trump administration. This includes well-known tokens like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). To anyone closely following the crypto landscape, this resignation from personal investment signals more
Australia’s approach to cryptocurrency has sparked considerable debate lately, particularly around the notion of establishing a strategic crypto reserve akin to those proposed by the United States. While some may see the U.S.’s efforts, led by Donald Trump, to brand his nation the “Crypto Capital of the World” as a beacon of innovation, Australia has
Bitcoin, the flagship of the cryptocurrency world, has reached an intriguing juncture, with its open interest plummeting to levels not seen in six months. This scenario is reminiscent of a stormy sea, where the waves of market sentiment can quickly wash away fortunes. Analyst CrediBULL Crypto highlights this phenomenon as a pivotal point for the
In a bold move reflective of a larger sentiment within the cryptocurrency community, Coinbase has made a significant request for information regarding the financial expenditures of the Securities and Exchange Commission (SEC) under the chairmanship of Gary Gensler. This request, filed through the Freedom of Information Act (FOIA), seeks to unveil the costs associated with
