The soaring market cap of Solana’s decentralized exchange Jupiter (JUP) has left many crypto investors wondering if it’s too late to jump on the bandwagon. With a fully diluted market cap approaching $15 billion, Jupiter’s valuation now challenges that of the well-established DEX Uniswap. While Jupiter’s 24-hour trading volume surpasses that of Uniswap, signaling its
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The recent decision by crypto exchange OKX to delist Tether (USDT) pairs in the EU and only support USDC and Euro-based stablecoin pairs has caused quite a stir in the cryptocurrency community. This move comes on the heels of draft technical standards released by the EU related to stablecoins, which are expected to go into
Starbucks, the renowned coffee giant, recently made waves in the NFT world by announcing the suspension of its highly acclaimed Odyssey NFT program. The program, which was launched in 2024, was a unique initiative aimed at engaging with loyal customers through digital collectibles. However, with an official closure date set for March 31, 2024, and
The cryptocurrency market has recently been shaken by a significant drop in Bitcoin prices, leading to a sense of panic among investors. After reaching record highs and experiencing significant gains, Bitcoin has suddenly plummeted to a weekly low of $65,000. This drastic decline has raised concerns about the stability of the market and the potential
Bitcoin’s price faced intense volatility at the end of the business week, experiencing a significant drop of $8,000. Despite this, the cryptocurrency has managed to recover some of the losses incurred. The week began with Bitcoin plummeting to $67,000, only to see a sudden surge that led to a new all-time high of approximately $73,000.
The Bitcoin futures market is currently displaying signals that have historically indicated bullish sentiment among traders and investors. One of the key metrics that analysts are closely monitoring is the Bitcoin futures basis, which reflects the difference between the futures price of Bitcoin and its spot price. Recent data has shown that this basis has
In a recent thread, Paul Grewal, the Chief Legal Officer at Coinbase, took issue with a letter penned by Senators Jack Reed and Laphonza Butler. The senators called for stricter regulations on Bitcoin exchange-traded funds and urged the SEC to halt the approval of any further cryptocurrency ETF applications. Grewal respectfully disagreed with the senators’
Bitcoin has been a topic of much discussion lately, with analysts from private wealth management firm, Bernstein, reiterating their previous prediction that the cryptocurrency could reach $150,000 by 2025. Gautam Chhugani and Mahika Sapra, analysts at Bernstein, expressed their conviction in a note to clients that Bitcoin’s price could experience an exponential surge to new
The Securities and Futures Commission (SFC) in Hong Kong recently issued a public warning regarding the unlicensed operations of MEXC, a virtual asset trading platform targeting investors in the city. The SFC emphasized that MEXC is not licensed by the commission and therefore is in violation of local laws. According to the SFC, under the
Bitcoin is currently experiencing a downward trend in its price after suffering a significant crash last week. The crash, which saw the price drop below $66,000, has been attributed to a decrease in net inflows into Spot Bitcoin ETFs. Institutions, which have been driving the bull run in recent months, seem to be scaling back