In Brief China maintains a strict ban on cryptocurrency trading since September 2021, yet interest in Bitcoin surges. Despite the ban, the underground crypto market in China shows resilience with significant transaction volumes. Hong Kong’s open approach to digital assets and the economic downturn push investors towards crypto. Recent developments have sparked discussions on whether…
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MicroStrategy is looking to raise $600 million to buy more Bitcoin for its $13 billion stack after its stock surged 23% on March 4. MicroStrategy announced plans to offer $600 million in convertible senior notes due 2030 to fund further acquisitions of Bitcoin after its stock price surged 20% in the early hours of trading on…
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In Brief SEC delays Ethereum ETFs from BlackRock and Fidelity, seeks public feedback. Ethereum’s proof-of-stake model raises concerns about legal status of the asset. May 23 set as final decision deadline for VanEck Ethereum ETF approval. The US Securities and Exchange Commission (SEC) has once again delayed approving Ethereum exchange-traded funds (ETFs) from financial heavyweights…
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On-chain data shows the stability is a result of strong investor confidence, evidenced by over 1 million addresses accumulating over 671,000 BTC. The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent. Bitcoin (BTC) has continued to hover around the $62,000 mark,…
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In Brief Charles Hoskinson has acknowledged ongoing investigations into a glitch affecting Nami wallet users. To address the issue, the Nami team has disabled ADAHandles temporarily until a solution is deployed. Despite the setback, ADA’s network activity has seen significant growth coinciding with a bullish trend. Cardano’s founder, Charles Hoskinson, has addressed ongoing investigations into…
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In Brief Memecoins dominate with a $40B+ aggregate market cap, surpassing emerging sectors like DeFi and Exchange cohorts. Ryan Selkis reveals seven unicorn memes, comprising dogs or frogs, leading the meme coin market surge. Major cryptos witness significant price surges; PEPE spikes by 388%, DOGE up by 83%, Ethereum rises by 12.51%, Bitcoin surges by…
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In Brief Ocean Protocol (OCEAN) broke out from a long-term descending resistance trend line. It could be in wave three of a five-wave increase. Aptos (APT) has reached a confluence of Fib and horizontal resistance levels. A breakout above the can take it to a new all-time high. iExec RLC (RLC) broke out from a…
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In Brief Chainlink trader ARiHBARi says that a LINK ETF could soon launch, given that 21Shares holds 693,639 tokens and sells to institutions. 21Shares recently integrated Chainlink’s proof-of-reserves technology to attest to the assets it holds to collateralize Bitcoin ETFs. In the meantime, Chainlink CEO Sergey Nazarov envisions a post-ETF financial world, where banks will…
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In Brief AXL token sees 30% surge post-Binance listing, spotlighting Axelar Network. Trader nets $56,000 in 8 mins from AXL’s post-listing price spike on Binance. Binance’s strategic token listings and delistings reflect compliance, market trends. AXL, the Axelar Network’s native token, has recently taken center stage. This Web3 interoperability platform’s token saw its value…
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The outage caused unbridled speculation over the cause on social media, with opinions ranging from retail entering the market to the exchange getting hacked. Coinbase is experiencing technical issues that have degraded site performance and caused many users to see a zero balance on their accounts. The exchange’s website and app are both down as…
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