Cardano (ADA) is making waves in the cryptocurrency market as it competes with Ethereum in terms of large transaction volume. The recent surge in transaction volume indicates a wave of accumulation among ADA’s large holders. Data from market intelligence platforms like IntoTheBlock and Santiment show that Cardano whales have been actively adding to their positions,
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The recent drop in XRP price from $0.66 to around $0.56 has left investors and analysts wondering about the future trajectory of the cryptocurrency. This 7% decrease on a daily scale, and 14% since its local top, has raised concerns about a possible further downtrend. The bearish pattern that has emerged is indicating a potential
Solana has seen significant growth in its decentralized exchange (DEX) volume, surpassing Ethereum in July. With $55.8 billion in transactions, Solana outpaced Ethereum’s $53.8 billion, marking its second-highest monthly volume to date. This surge can be attributed to platforms like Raydium, Orca, and Phoenix, which have contributed to the network’s success. Despite Solana’s impressive volume
Coinbase, a prominent cryptocurrency exchange, recently came under fire for alleged breaches of campaign finance laws. A crypto researcher raised concerns regarding the company’s $25 million donation to Fairshake, a crypto Super Political Action Committee (PAC), suggesting that this donation may have violated campaign finance regulations. The timing of this donation, coinciding with negotiations for
Bybit, a popular crypto exchange, recently announced its decision to cease operations in France due to regulatory issues. The exchange cited new developments from the French regulator, which have presented licensing obstacles. This move highlights the challenges faced by cryptocurrency exchanges in navigating complex regulatory environments. In response to the regulatory changes, Bybit expressed its
As the world stock markets experience turmoil, the cryptocurrency market has not been spared from the volatility. Ethereum, one of the leading cryptocurrencies, faced a 3% loss this week. The price of Ethereum plummeted below the $3,300 mark, with buyers struggling to reclaim this significant support level. Currently, the support has shifted to $2,800, and
The recent endorsement of Bitcoin by former US President Donald Trump has once again thrust him into the limelight. Trump, who is reportedly considering a run for the White House in 2024, has taken a bold stance in support of the popular cryptocurrency. This move has not only garnered attention from the crypto community but
The decentralized finance (DeFi) sector has been making a comeback, with key metrics such as active loans and total value locked (TVL) showing growth from their lows in 2023. DeFi lending, which allows investors to lend their crypto assets in exchange for interest, plays a crucial role in indicating the participation and health of the
Coinbase, a leading cryptocurrency exchange, reported impressive total revenue of $1.449 billion for the second quarter of the year. This figure surpassed the market consensus estimate of $1.396 billion, showcasing the company’s strong financial performance. Compared to the same period last year, Coinbase saw a significant increase in total income, with a jump from $674.1
The recent Bitcoin2024 conference led by Bitwise CIO Matt Hougan has sparked a significant shift in market sentiment towards Bitcoin. Hougan believes that investors are currently “not bullish enough” about the potential upside of the flagship cryptocurrency. This change in outlook comes in light of various announcements made at the conference, showcasing support for Bitcoin