The trading volume ratio of decentralized exchanges (DEXs) has reached an all-time high compared to centralized exchanges (CEXs). This significant milestone was highlighted by Uniswap founder Hayden Adams, who pointed out that the “DEX market share is at an all-time high relative to CEX.” The trend of DEXs outperforming CEXs has been on the rise
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The U.S. Securities and Exchange Commission (SEC) has made a significant decision to pause its allegations that Solana (SOL), Cardano (ADA), and Polygon (MATIC) are unregistered securities in the ongoing lawsuit against Binance. This move comes after the SEC filed a joint status report in the U.S. District Court for the District of Columbia, stating
Ethereum, the second-largest cryptocurrency by market capitalization, is currently showing signs of a bullish trajectory, according to insights from CoinSignals, a leading crypto analysis platform. The platform predicts that Ethereum could experience a significant price rally, with its value potentially reaching between $12,000 and $15,000 in the near future. This positive forecast is based on
Zoomex has revolutionized the crypto exchange market by prioritizing user anonymity. Unlike many other platforms that require extensive Know Your Customer (KYC) verification processes, Zoomex does not mandate KYC. This policy ensures that users can trade confidently, knowing their personal data remains private and secure. The emphasis on privacy particularly appeals to traders who value
Ordlify, a no-code platform tailored for developing Bitcoin Ordinals collections, has recently announced its partnership with Magic Eden, a leading cross-chain NFT marketplace. This collaboration aims to enhance the overall experience for creators and collectors alike within the Bitcoin Ordinals ecosystem. By leveraging the Ordlify Creator Studio, artists and creators can now seamlessly design, manage,
Igloo, Inc., the company known for its popular NFT brand Pudgy Penguins, has recently secured a whopping $11 million in funding to propel the development of its groundbreaking Ethereum layer-2 scaling network, Abstract. This significant achievement marks a crucial step forward in Igloo’s quest for blockchain innovation. The lead investor in this successful funding round
The recent performance of the popular meme coin, Shiba Inu (SHIB), has been lackluster, with a significant drop of 13% in the past week according to CoinGecko’s data. Analysts are divided on the future trajectory of SHIB, with some suggesting further short-term declines while others remain bullish on its long-term potential. One analyst pointed out
The United States House of Representatives recently made a significant move by unanimously passing the Financial Technology Protection Act. The bill, introduced by Representative Zach Nunn in April 2023, aims to combat the use of digital platforms for illicit activities and terrorism financing. This legislation was approved on July 22, 2024, highlighting the government’s commitment
The recent acquisition of KnownOrigin by eBay has caused a significant stir in the digital art marketplace, leading to the abrupt closure of the company after just two years of operation. The company cited shifts in the NFT market as the primary reason for its closure, raising concerns about the longevity and safety of digital
In the month of June, trading volume on centralized exchanges experienced a significant decline of 21.8%, marking the third consecutive month of diminishing activity since March. The combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded earlier in the year. The decrease in