Ethereum remains the king of decentralized exchanges (DEXs), controlling a whopping 35% of the market. This means that most of the trading of cryptocurrencies without using traditional exchanges happens on Ethereum. This is good news for Ethereum investors, as it shows the network is still very active and popular. However, Ethereum isn’t alone in the…
Kraken, a popular cryptocurrency exchange, is taking on the US Securities and Exchange Commission (SEC) in a legal battle over the definition of digital assets. Kraken vs. SEC: A Battle of Definitions The SEC has accused Kraken of operating an unregistered exchange for digital assets, claiming these assets qualify as securities. Kraken strongly disagrees, arguing…
The US banking system is facing some challenges, according to the Federal Deposit Insurance Corporation (FDIC). The number of banks considered “problem banks” is on the rise, and banks are still dealing with billions of dollars in losses on investments. More Banks on the “Problem List” The FDIC’s latest report shows that 66 banks are…
Crypto experts at Santiment are keeping a close eye on three altcoins: Aave, Decentraland, and The Graph. They’re seeing a lot of short positions on Binance, which could lead to a sudden price jump. Short Squeeze Potential Santiment says that these altcoins have a high “short ratio” on Binance, meaning there are a lot of…
Stablecoin giant Circle, the company behind the popular USDC cryptocurrency, is moving its headquarters from Boston to New York City. Big Plans for Wall Street Circle CEO Jeremy Allaire says the move is about getting closer to the heart of the financial world. He believes that blockchain technology is becoming increasingly important in finance, and…
A US judge is questioning the honesty of former FTX executive Ryan Salame’s guilty plea last year. Judge Lewis A. Kaplan believes Salame might have lied during his plea hearing and is considering potential sanctions. Judge Suspects False Testimony Kaplan expressed concern that Salame’s guilty plea was based on false statements. He specifically mentioned that…
Bitcoin is feeling the love again! The crypto world is buzzing with positive vibes as Bitcoin enjoys a mini price recovery. This surge in optimism is hitting new highs, with even the biggest Bitcoin fans feeling the excitement. The Hype is Real Data from Santiment, a crypto market intelligence platform, shows that positive sentiment about…
Trump’s Big Crypto Announcement Donald Trump has officially announced that his new cryptocurrency project, World Liberty Financial, will launch on September 16th, 2024. He made the announcement on his X account, inviting fans to join him for a live event on Twitter Spaces that evening. Trump says his project is all about embracing the future…
Coinbase has just dropped a big announcement that’s got Bitcoin holders excited about DeFi! They’ve launched Coinbase Wrapped BTC (cbBTC), a special token that’s directly linked to Bitcoin. What is cbBTC? Think of cbBTC as a “wrapper” for your Bitcoin. It’s an ERC20 token, which means it can be used on Ethereum and other compatible…
Dogecoin is seeing a surge in activity, with big investors (known as whales) buying up more of the meme-based cryptocurrency. Whales Are Loading Up Over the past 24 hours, these whales have increased their holdings by a whopping 446.9 million DOGE tokens! This massive influx of DOGE into whale wallets suggests a strong belief in…
