In a significant move for the cryptocurrency market, Binance, the world’s premier cryptocurrency exchange, has expanded its support for Simon’s Cat (CAT)—a meme coin that has recently captured the interest of investors. Through a series of strategic initiatives, Binance aims to enhance CAT’s market presence and provide its users with attractive investing opportunities. The exchange
Risk management
In October 2024, Radiant Capital experienced a severe security breach, resulting in a staggering $50 million loss linked to a hacking group associated with North Korea. The breach, uncovered on October 16, showcased not only technical vulnerabilities but also demonstrated how social engineering tactics can bypass even rigorous security protocols. This incident serves as a
In recent years, stablecoins have emerged as prominent participants in the financial ecosystem, often marketed as secure digital alternatives to traditional currencies. However, the Financial Stability Oversight Council (FSOC) has sounded the alarm regarding the potential threats these assets pose to financial stability. According to its 2024 annual report, FSOC’s primary concerns center around insufficient
President-elect Donald Trump has officially announced the nomination of Paul Atkins for the position of chairman of the U.S. Securities and Exchange Commission (SEC). This decision was shared via a post on Trust Social on December 4. In his statement, Trump praised Atkins as a leader who values the significance of digital assets and believes
In November, Cardano (ADA) made headlines by achieving a remarkable 220% price increase, quickly reinstating its position among the top ten cryptocurrencies with a total market capitalization of $38 billion. The surge can be attributed to the overall bullish sentiment enveloping the entire cryptocurrency market following Donald Trump’s victory in the general election. Speculations about
The crypto landscape is perpetually evolving, marked by swift price fluctuations and shifting investor sentiment. After Donald Trump’s ascendancy in the 2024 US Presidential elections, Bitcoin has seen an intriguing surge in bullish sentiment. Analyst Behdark’s recent report emphasizes a substantial potential price increase for Bitcoin, projecting that it could reach an astonishing $245,000 by
XRP, the digital asset associated with Ripple, has achieved a significant milestone in the cryptocurrency landscape by securing the third position in market capitalization. This ascent has not only allowed it to surpass Tether (USDT), the leading stablecoin globally, but also to outpace Solana (SOL), often touted as the “Ethereum Killer.” Based on recent statistics
In a significant stride towards validating cryptocurrency as a mainstream financial asset, Bitwise Asset Management has recently proposed a new exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This proposal is anchored in Bitwise’s existing 10 Crypto Index Fund, which reflects an increasingly strategic approach to digital assets in the investment arena.
In the recent trading week, Bitcoin (BTC) appeared unstoppable, nearing the monumental milestone of $100,000. However, as swiftly as the digital asset gained traction, it faced a notable decline. Having touched around $99,800, Bitcoin’s price journey took a drastic turn, retreating by more than $4,000 after peaking on Friday. This fluctuation serves as a stark
Recent insights from crypto analyst Ash Crypto indicate that Bitcoin has embarked on a significant phase known as the ‘thrill’ phase of its market cycle. This critical juncture is characterized by heightened excitement and anticipation among investors as Bitcoin showcases increased price movements and volatility. In the thrill phase, market participants might feel the urge