The cryptocurrency market has recently been shaken by a significant drop in Bitcoin prices, leading to a sense of panic among investors. After reaching record highs and experiencing significant gains, Bitcoin has suddenly plummeted to a weekly low of $65,000. This drastic decline has raised concerns about the stability of the market and the potential
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The Bitcoin futures market is currently displaying signals that have historically indicated bullish sentiment among traders and investors. One of the key metrics that analysts are closely monitoring is the Bitcoin futures basis, which reflects the difference between the futures price of Bitcoin and its spot price. Recent data has shown that this basis has
In a surprising move earlier this year, Binance, the world’s leading cryptocurrency exchange, spun off its venture capital and incubation arm, Binance Labs. The website of Binance Labs now clearly states that it operates independently and is no longer part of the Binance Group. This significant development occurred during CEO Richard Teng’s four-month tenure and
Shockwaves reverberated through the financial world as federal prosecutors unveiled the extent of the fraudulent activities orchestrated by FTX founder Sam Bankman-Fried (SBF). The US Attorney’s Office for the Southern District of New York did not mince words in its sentencing memorandum, painting a damning picture of SBF’s misdeeds that shook the very foundations of
The Securities and Futures Commission (SFC) in Hong Kong recently issued a public warning regarding the unlicensed operations of MEXC, a virtual asset trading platform targeting investors in the city. The SFC emphasized that MEXC is not licensed by the commission and therefore is in violation of local laws. According to the SFC, under the
Crypto whales are currently accumulating Sponge token (SPONGE V2) in preparation for upcoming listings on major exchanges. This surge in interest comes after the successful migration of the Sponge ecosystem, which involved the relaunch of the esteemed 2023 SPONGE token on the Polygon network as SPONGEV2. Sponge V1 made its debut during the bear market
Hong Kong’s Securities and Futures Commission (SFC) recently issued a public warning about Bybit, adding it to the list of suspicious virtual asset trading platforms due to its unlicensed operations. The SFC expressed concerns that Bybit has offered its products to Hong Kong investors without securing the required license to conduct regulated activities in the
In the fast-paced world of cryptocurrencies, investors are always on the lookout for the next big opportunity to make substantial gains. With Dogwifhat (WIF) reaching new all-time highs, some investors are starting to migrate towards a hidden gem in the crypto space – Sponge (SPONGE). While Dogwifhat has seen an impressive 18% pump, the market
As of the latest updates, the crypto market is experiencing a mixed bag of trends. While Bitcoin (BTC) and Ether (ETH) are facing profit-taking due to hot US PPI inflation figures, other major altcoins like Solana (SOL) and Dogecoin (DOGE) are on an upward trajectory. Investors are now evaluating their options to determine the best
Binance, one of the largest cryptocurrency exchanges in the world, has recently found itself embroiled in a contentious dispute with Nigerian authorities. This conflict has escalated to the point where two senior executives from Binance were detained in Nigeria due to allegations of manipulating the local fiat currency. Despite acknowledging Nigeria’s “extraordinary potential,” Binance has