Artificial Intelligence (AI) has been a booming sector in the cryptocurrency market in 2024, with AI-related coins experiencing significant growth and surges in value. The combined returns of AI coins have increased by 76% since the beginning of the year, showing a promising trend for investors. This surge in AI coins can be attributed to
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The recent revelation that the availability of Bitcoin (BTC) on Over-the-Counter (OTC) desks has sharply decreased has sent shockwaves through the market. Reports indicate that at one point, only about 40 BTC were available for sale, signaling a significant shift in BTC trading dynamics. Caitlin Long, the CEO and founder of Custodia Bank, shed light
Justin Sun, the co-founder of Tron, a smart contracting platform for deploying decentralized applications (dapps), has been making significant moves in the crypto market. According to Lookonchain data on February 29, Sun transferred 100 million USDT to Binance after moving substantial sums earlier in the week. This strategic maneuver indicates Sun’s active participation in the
Ripple recently announced a partnership with the Axelar Foundation aimed at boosting interoperability within the XRP Ledger (XRPL) blockchain. The focus of this collaboration is to advance the tokenization of real-world assets (RWAs) within the XRPL ecosystem. By integrating the Axelar network with the XRPL, the goal is to strengthen the layer 1’s DeFi ecosystem
The Chamber of Digital Commerce recently filed an amicus curiae in support of crypto exchange Kraken in the ongoing lawsuit brought forth by the US SEC. This move by the Chamber is aimed at halting the SEC’s attempts to regulate the digital asset industry through enforcement without proper legislative authority. According to the Chamber, the
The Bitcoin Fear & Greed Index has recently surged to its highest level in nearly three years, reaching the Extreme Greed category at a rapid pace. This index serves as a gauge of investor sentiment and provides insights into how market participants are viewing the market. The five main categories within the Fear & Greed
Shiba Inu, the second-largest meme coin by market capitalization, has been experiencing a surge in daily active addresses. This increase, surpassing 3,500, represents a 13% growth and indicates a rising interest in the asset. This uptrend in active addresses may suggest a growing demand for SHIB and a heightened level of investor interest. If the
Investment products tied to Solana have experienced a significant outflow of funds, totaling $3 million in the past week. This surge in outflows is a clear indication that investor confidence has been shaken following a network outage that lasted five hours earlier this month. The outage was caused by a bug that led to transactions
The recent surge of Ethereum purchases attributed to a wallet potentially linked to Justin Sun, founder of TRON and BitTorrent CEO, has caused a stir in the cryptocurrency community. The wallet in question acquired 13,780 ETH, valued at around $41.24 million, adding to a total of 168,369 ETH worth approximately $487 million. These acquisitions were
A recent legislative move by a group of Senate Republicans, spearheaded by Senator Ted Cruz of Texas, has brought the issue of central bank digital currencies (CBDC) into the spotlight. The proposed bill, known as the Central Bank Digital Currency Anti-Surveillance State Act, aims to restrict the Federal Reserve’s ability to introduce a CBDC without