The cryptocurrency market has been witnessing a concerning trend in recent times, with tokens being launched with high valuations but limited initial circulating supply. This has raised questions about the sustainability of the potential upside for traders following the token generation event (TGE). The latest findings from Binance Research shed light on this trend, revealing
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The recent arrest of a Taiwanese national, Rui-Siang Lin, has revealed a disturbing truth about the dark web drug bazaar known as Incognito Market. The platform, responsible for transacting over $100 million in cryptocurrency, primarily through the sale of illegal narcotics like fentanyl, has been operating for the past four years under the alias “Pharoah.”
OKX, a prominent cryptocurrency exchange, recently announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong effective May 31, 2024. This decision was made in compliance with regulatory requirements, with the exchange citing a “careful consideration” of its business strategy as the reason behind the move. While OKX assured
The recent report released by the team behind the Mollars token project has shed light on the growing interest in this new store-of-value asset within the cryptocurrency community. The data reveals that Mollars is gaining traction among crypto traders, with search volumes rivaling well-known tokens like Bonk Inu (BONK) and Pepe (PEPE). A closer look
The recent resurgence in the Bitcoin spot ETF market is evident from the consecutive weeks of positive inflows, marking a significant shift from previous low investment activity. This turnaround reflects a rise in investor confidence over the past two weeks, with the market recording a total net inflow of approximately $252 million on Friday, May
In the aftermath of the Bitcoin halving event in April, the cryptocurrency market has been closely monitoring the price action of Bitcoin, the pioneer digital asset. The recent price movement saw Bitcoin reaching a high of $71,443 before retracing to $66,936. This price volatility has sparked discussions among analysts and investors about the potential for
Coinbase has recently accused the SEC of attempting to dodge the Howey test in a motion for an interlocutory appeal filed in the US District Court for the Southern District of New York. The exchange claims that the SEC is sidestepping the question of whether a digital asset transaction lacking post-sale obligations can be deemed
The recent sale of $2.6 billion worth of discounted Solana tokens by the bankrupt crypto exchange FTX has raised eyebrows in the crypto community. The sale, which involved prominent buyers like Figure Markets and Pantera Capital, has sparked controversy and discussion among investors and industry experts. According to undisclosed sources cited by Bloomberg, Figure Markets
OpenSea, a prominent NFT marketplace, recently introduced its “Get Based” series. This initiative aims to shine a spotlight on artists who are creating on Coinbase’s Base network, an Ethereum Layer 2 (L2) solution. Throughout the summer, up to 15 artists will have the opportunity to showcase their works through this series. The first drop in
As the clock ticks closer towards the end of the Dogeverse (DOGEVERSE) presale, investors around the world are eagerly anticipating the final opportunity to participate in this unique multi-chain offering. With the presale set to conclude on June 3, 2024, at 10 am UTC, the excitement surrounding the $DOGEVERSE meme token is reaching its peak.