The demand for spot Bitcoin exchange-traded funds (ETFs) has surged since their recent approval on January 10, with BlackRock’s IBIT Bitcoin ETF leading the way. This ETF has reached impressive milestones in less than two months, attracting significant investor interest and opening doors for various market participants to invest in …

Cardano (ADA), the ninth-largest cryptocurrency in the market, has experienced a significant price breakout, reaching $0.710 on Thursday for the first time since May 2022.  This marks a pivotal moment for ADA as it emerges from a prolonged consolidation phase encompassing the latter part of 2023 and the initial month …

Solana (SOL) has reached a new 22-month high, demonstrating a remarkable 28% uptrend over the past month. However, the Solana-based meme coin, Bonk Inu (BONK), has captured investors’ attention with its explosive performance last month.  Bonk Inu Outperforms PEPE According to CoinGecko data, BONK has achieved a staggering 102% price …

According to a Reuters report, the US Securities and Exchange Commission (SEC) has raised concerns regarding Terraform Labs’ hiring of the law firm Dentons and the payment of litigation costs for its employees during the company’s bankruptcy proceedings.  The SEC argues that a $166 million retainer payment made to Terraform …

Global asset manager VanEck has recently made significant strides into the crypto industry by launching its spot Bitcoin Exchange Traded Fund (ETF) called “HODL.” Building on this success, VanEck has unveiled its latest venture, SegMint, a non-fungible token (NFT) marketplace and digital asset platform. According to Wednesday’s announcement, SegMint aims …

In a recent investigation by The New York Times, new revelations have come to light regarding the involvement of Sam Bankman-Fried, the disgraced co-founder of FTX, with Solana’s native cryptocurrency, SOL, and his ongoing legal battle.  The report sheds light on Bankman-Fried’s activities from the federal detention center in Brooklyn, …

According to a recent report by the global law firm Norton Rose Fulbright, the US Securities and Exchange Commission (SEC) is set to step up its enforcement approach to the nascent crypto industry in 2024. The report emphasizes that the SEC will continue its “aggressive pursuit” of cases and enforcement …

In a significant development for the Floki Inu memecoin, digital asset market maker investment firm DWF Labs has revealed its plans to purchase $10 million worth of FLOKI tokens. The announcement has triggered a remarkable surge in the token’s price, propelling it to a new 9-month high at $0.00005097. DWF …

Bitcoin (BTC) has witnessed a remarkable ascent, surpassing the $57,000 mark and recording a year-to-date surge of over 142%. The cryptocurrency’s market capitalization has also surged towards $1.14 billion, reaching levels not seen since December 2021. With the previous all-time high (ATH) of $69,000 within sight, the bullish sentiment surrounding …

Market expert Miles Deutscher has identified several key trends and developments in the cryptocurrency market, particularly focusing on the Ethereum (ETH) rally and its implications for Layer-2 (L2) decentralized finance (DeFi) altcoins.  Deutscher highlights that ETH’s recent surge to a 22-month high of $3,130 has sparked increased interest in L2/DeFi …

Hong Kong-based cryptocurrency exchange BitForex was scrutinized after its website went offline following the reported withdrawal of $57 million from the exchange’s hot wallets on February 23.  BitForex Shaken By Wash Trading Scandal And Website Shutdown The incident was initially brought to light by decentralized finance (DeFi) detective ZachXBT on …

According to a local media report, South Korea’s Financial Supervisory Service (FSS) Chairman, Lee Bok-hyun, is scheduled to meet with the United States Securities and Exchange Commission (SEC) Chairman, Gary Gensler, in May to deliberate on the classification of non-fungible tokens (NFTs) and the approval of spot Bitcoin exchange-traded funds …