In response to reports of state actors using Tether’s USDT tokens to bypass US sanctions, the stablecoin issuer has taken a firm stance on regulatory compliance. Tether has vowed to freeze any addresses linked to sanctioned entities, aligning with the Office of Foreign Assets Control (OFAC) SDN list. This proactive approach reflects Tether’s dedication to
Gains
Bitfinex, a Hong Kong-based cryptocurrency platform, has recently released an Alpha report that delves into the market dynamics of Bitcoin following the recent halving event. One key takeaway from the report is the surge in exchange withdrawals of Bitcoin, reaching levels not seen since January 2023. This uptick in withdrawals signifies a trend of investors
Dork Lord, a Solana-based meme coin, has seen a tremendous surge in its price, skyrocketing by an impressive +83,810%. The token gained popularity on Crypto X (formerly Twitter) with the support of SOL meme coin influencers and alert bots. Despite its initial success, Dork Lord’s current market price is $0.000914, with a 24-hour change of
Ethereum Open Interest has been showing a downtrend in recent times, indicating a shift in market sentiment. Open Interest refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When this metric increases, it signifies that investors are opening new positions, leading to higher leverage and potentially increased price volatility. Conversely,
In a surprising turn of events, two lead lawyers at the Securities and Exchange Commission (SEC) have recently resigned amidst controversies surrounding the regulator’s legal case against crypto firm DEBT Box. Michael Welsh and Joseph Watkins made the decision to resign in April, following reports that the SEC was planning to terminate their roles if
The crypto market has been enduring a period of heightened volatility, impacting Ethereum’s market performance. Despite this volatility, data from Coinglass indicates that there is a prevailing bullish sentiment among Ethereum investors and traders. Many traders have been opening long positions on ETH, demonstrating their belief in significant upward price movements in the long term.
The decision by B3, a Brazilian stock exchange, to include Bitcoin futures in its offerings has caused a significant stir in the cryptocurrency community. After the official opening of trades on April 17, B3 experienced an overwhelming demand for Bitcoin futures, indicating a strong interest from Brazilian investors in cryptocurrency derivatives. On the debut trading
As crypto markets show signs of recovery, there is a busy week ahead in the United States economic calendar that could potentially refuel momentum for the bears. The Federal Reserve’s key inflation metric will be in the spotlight, impacting monetary policy going forward. New home sales figures, S&P Global Manufacturing PMI, and S&P Global Services
After the recent completion of the Bitcoin halving event, market analysts and experts are looking towards a potentially bullish trend in the BTC market. One crypto analyst, known as ecoinometrics, has made a bold prediction that Bitcoin could potentially reach six-figure price levels in the current bull cycle. The analyst’s post on Saturday highlighted the
Bitcoin’s fourth halving has recently taken place, reducing the block reward from 6.25 BTC to 3.125 BTC. This event, occurring every four years, is a crucial moment in the cryptocurrency realm. The daily issuance of Bitcoin has now been halved to around 450 Bitcoin, compared to the previous 900. This reduction will continue until the