The United States spot Bitcoin exchange-traded fund (ETF) market recorded a daily trading volume of $779.87 million on Monday. This marked a decrease in trading volume compared to previous records, with the lowest being $649.17 million and $692.11 million on February 5th and 6th, respectively. The recent data from SoSoValue revealed that there was an
Market
Recently, Tokyo’s Metaplanet investment firm made headlines by acquiring an additional 57.273 BTC, worth approximately 500 million yen or $3.4 million. This move was strategically made amidst the current market lull to position the company for long-term growth. It is part of a larger strategy that was announced on August 8, where the firm disclosed
In a surprising turn of events, Cardano (ADA) has been dethroned from the coveted top 10 cryptocurrencies by market capitalization. Tron (TRX) has taken its place, signaling a notable shift in the crypto market landscape. The decision was based on data from CoinMarketCap, revealing that Cardano’s market capitalization had dwindled to around $12.3 billion, pushing
The recent choppy consolidation in bitcoin’s price action has left many market players on edge. However, amidst this uncertainty, a certain group of holders is seemingly increasing their holdings. Bitcoin whales, specifically those holding between 100 and 1,000 BTC, have significantly boosted their holdings in the past six weeks. According to Santiment, this group of
German authorities recently carried out a coordinated nationwide operation aimed at curbing unlicensed activities within the country’s rapidly expanding crypto market. The operation, spearheaded by the Federal Financial Supervisory Authority (BaFin), resulted in the confiscation of $28 million in cash and 13 crypto ATMs. This action underscores Germany’s commitment to mitigating the risks associated with
In a surprising turn of events, cat-themed meme coins have taken the cryptocurrency market by storm, leading a meme coin rally that has pushed the sector’s market capitalization above $40 billion. Notable performers in this sudden surge include Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dogs World (MEW), all experiencing significant gains. POPCAT,
Samuel Edyme, also known by his nickname HIM-buktu, is a multifaceted individual excelling in various domains such as web3 content writing, journalism, and trading. His journey into the world of cryptocurrency was not a smooth sail as he initially fell victim to a Ponzi scheme that lured him in with promises of quick riches. Rather
The journey of ADA, the native token of Cardano, has been both fascinating and tumultuous. From reaching a peak of $3 in August 2021 to plummeting by over 90% in the years since, the rollercoaster ride of ADA has left investors and traders alike questioning its future trajectory. The activation of smart contracts on Cardano
The crypto market has been tumultuous in recent times, and Ethereum (ETH) has not been immune to the challenges. Despite being the second-largest cryptocurrency, ETH has been facing significant obstacles. One of the key issues that have been highlighted by crypto analyst Ali Martinez is the continuous selling of Ethereum by some of the largest
The Nigerian Federal Inland Revenue Service (FIRS) is set to implement new legislation aimed at taxing the rapidly growing crypto sector in the country. This decision was revealed by FIRS Executive Chairman Zacch Adedeji during a meeting with the National Assembly’s Finance Committees. The primary objective of this new regulation is to stimulate economic growth