Standard Chartered predicts Bitcoin may fall below $60K due to geopolitical tensions in the Middle East, but recommends buying the dip. While Bitcoin is not seen as a safe haven for geopolitical risks, the bank emphasizes it’s a hedge against traditional financial issues, such as de-dollarization or bank collapses. Gold, however, remains the primary geopolitical …
Taiwan’s financial regulator, the Financial Supervisory Commission, has drafted new anti-money laundering regulations following amendments made to the laws in July. The new regulations will take effect on Jan. 1, 2025, and virtual asset service providers (VASPs) are expected to complete AML registration by the end of September. Otherwise, they could face imprisonment for up …
In a significant milestone, TRON Network reported a record-breaking revenue of $577 million for the third quarter of 2024, TRON founder Justin Sun revealed on the X platform. This marks the highest revenue the network has achieved since its inception, with a 43% increase compared to Q2. The surge in revenue is primarily credited to …
October has not begun well for Ethereum (ETH) traders as rising tensions in the Middle East caused a significant market downturn. In the last 24 hours, over $529 million in long were liquidated, with long traders suffering the most. Meanwhile, ETH’s price dropped to $2,464, the lowest in ten days, triggering forced liquidations for many …
Amidst the aggravating tensions in the Middle East, Bitcoin ETFs witnessed huge outflows of $242.6 million on Tuesday, marking their worst day since September 3. BTC fell to a low of $60,300, washing out almost all of its gains since the Fed’s rate cut last month. The outflows broke an eight-day streak of inflows as …
The recent performance of TON ecosystem tokens on Binance has experienced a sharp decline. In the last 30 days, cryptos like DOGS is down 38.77%, CATI moved 37.08% and the HMSTR by 46.08%. In line with their All time high, the assets are facing a dip of 30 to 50%. This behavior pictures the volatile …
According to Odaily, financial giant Charles Schwab, which manages assets worth $7.13 trillion, has expressed its readiness to offer cryptocurrency trading services if there are changes in relevant laws, that will potentially open up new investment opportunities for its clients. Charles Schwab, one of the largest investment service companies in the United States, was founded …
Starting today, Binance has introduced risk warnings for tokens with significant tokenomics changes. This initiative boosts transparency and helps make better-informed decisions.To gain trading access to tokens marked with significant tokenomics changes, users must first acknowledge the pop-up notification. Binance will apply the risk warning banner and pop-up to the following tokens that have undergone …
Shiba Inu (SHIB) has seen a 360% surge in whale activity, signaling renewed interest from major investors. This increased movement suggests a potential price recovery, with some predicting SHIB could target $0.00002. However, caution is advised as SHIB remains volatile, retreating from recent highs. Currently trading at $0.00001848, SHIB’s future movement depends on support levels …
Fiona Murray, Managing Director for Asia Pacific at Ripple, has revealed that Singapore handles more than 50% of Ripple’s digital asset payment flows. Murray emphasized the growing significance of Singapore as a hub for Ripple’s cross-border payment services. Murray noted that Singapore’s stable and transparent regulatory environment and willingness to engage with Web3 companies have …
Michael Saylor in a latest X post captioned “HODL ON” shared an infographic, showing the price performance of various assets such as BTC, MSTR stock, and the S&P 500 since Microstrategy adopted the Bitcoin strategy on Aug. 20. The best-performing asset over four-year period was Microstrategy stock, which has risen 1,325%. Bitcoin stood second at …
A recent observation from Coinglass highlights suspicious activity in Bitcoin’s order book on Binance Futures. According to the post, a large wall of sell orders suddenly appeared, only to vanish moments later. This pattern has happened before, raising concerns among traders about potential market manipulation. Such actions can significantly impact the price of Bitcoin, as …
Tether, announced today that it assisted the U.S. DOJ in successfully seizing over $6 million in assets linked to a crypto-confidence scheme based in Southeast Asia. To date, Tether has assisted more than 180 enforcement agencies across 45 jurisdictions, blocked $1.8+ billion USDT. In the past 12 months alone, Tether has assisted U.S. law enforcement …
Soon after being released, former Binance CEO, CZ made his first X post. He shared that there are always more opportunities in the future than there were in the past. He shared that Giggle Academy is progressing well and will become an important part of his life in the coming years. He will continue investing …
According to data from the Central Bank of Brazil, cryptocurrency purchases made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023, which indicates that exchanges and trading platforms are preparing to accommodate a large demand for digital …
Today, the BEA released updated estimates for GDP in the second quarter as well as their annual revision. The report showed that GDP continued to grow at a strong pace in Q2, rising 3.0%, driven by strong consumer spending and business investment. The final annualized quarterly rate of the core PCE price index in the …
Binance has extended trading support for Telegram-based P2E Hamster Kombat today, sparking excitement across the broader crypto market. As per the announcement, HMSTR will be added to the Simple Earn, Buy Crypto, Convert, Margin, and Auto-Invest domains of the top crypto trading platform. Users can buy the token via VISA, MasterCard, Google Pay, Apple Pay …
OnyxDAO has been hacked, losing approximately $3.2 million, according to blockchain security firm PeckShield. The firm traced the exploit to a precision flaw in the CompoundV2 code base, which allowed hackers to manipulate the exchange rate and siphon off funds. The stolen assets include VUSD 4.1 million, XCN 7.35 million, 5,000 DAI, 230 WBTC, and …
As per reports, a whale has unstacked 200K SOL tokens worth $29.8 million and has deposited it into Binance via wallet “AgsY…H9Hs” again over the past 3 days. Previously, the same whale had sold 1.2 million Solana crypto tokens worth $178 million between the 07th of June and the 07th of July. Notably, this has …
Visa plans to launch its Tokenized Asset Platform (VTAP) for banks in 2025. This platform will let banks issue fiat-backed tokens for use on the Ethereum blockchain, aiming to enhance transaction speed and security. Visa’s platform seeks to streamline banking transactions and boost security by using Ethereum’s smart contracts. One of the first financial institutions …
With Solana being named the ‘Ethereum Killer’, VanEck has said that the network has the potential to reach 50% of Ethereum’s market cap. A recent report from its research firm notes that SOL could eventually target a $330 price, as it narrows the gap on ETH. VanEck also highlighted how Solana processes 3,000% more transactions …
Golem, a decentralized computing network has reassured its community that the recent transfer of 135,000 ETH, worth $337 million, to major exchanges like Coinbase and Binance was not a sign of a massive sell-off. The transfer, which sparked fear among investors, was part of a solo staking test to improve operational security and reduce spam. …
In the past 24 hours, two wallets allegedly linked to Dragonfly Capital have deposited AEVO tokens. The total amount of AEVO tokens deposited is 62.62 million tokens, worth almost 25 million dollars. The deposit happened on the FalconX exchange. Four months ago, these wallets received RBN tokens from Coinbase Prime Custody, which they converted into …
Goldman Sachs CFO Denis Coleman believes the Federal Reserve’s recent 50 basis point interest rate cut positions the U.S. for a soft landing. He expressed optimism that the move will ease capital costs and boost market confidence heading into 2025. While inflation levels are decreasing and unemployment remains stable, some experts, including JPMorgan CEO Jamie …
Bloomberg reports that Caroline Ellison, former Alameda Research CEO, was sentenced to 24 months in prison for her involvement in the multibillion-dollar FTX fraud. Ellison, 29, cooperated with prosecutors, testifying against FTX founder Sam Bankman-Fried, and admitted to falsifying documents to cover Alameda’s misuse of $10 billion in customer funds. Despite her substantial assistance, U.S. …
The SEC Commissioner Hester Peirce on Tuesday admitted that the agency moved forward with regulatory actions against crypto entities despite being aware of potential legal issues. Rep. Tom Emmer sharply questioned the SEC Chair during the hearing. Emmer also accused the SEC of causing confusion in the market and lacking accountability. He noted that the …
In a latest development, SEC Commissioner Hester Peirce, known as “Crypto Mom” in the community, criticized the SEC for not confessing sooner that crypto tokens are not securities by default. While speaking at the Practising Law Institute’s SEC Speaks conference in Washington, D.C., she stressed the negative effects SEC’s regulatory ambiguity is having on the …
The XRP Ledger (XRPL) mainnet has secured the long-awaited fixAMMv1_1 amendment. This major upgrade has been under development for a while and is scheduled to launch this month. Often, these amendments fix a bug or improve or introduce a new feature. This amendment allows for decentralized trading directly on XRPL. According to XRPScan, the fixAMMv1_1 …
Cyvers Alerts reported that the Bankroll Status on the BNB blockchain has made a fraud transaction leading to a $230,000 loss. It appears that this event is linked to the Dualpools hacker**, as Cyvers identified malicious actions in the contract it signed with Bankroll 90 days ago. It is still alarming that a hacker was …
A smart Ethereum whale has perfectly timed the market, buying Ethereum during the bear market and selling in the bull. With sniper-level accuracy, the whale has made $131.72M in profits! Starting with the purchase of 96,639 ETH tokens worth $151.42M from Coinbase at an average price of $1,567 on September 3 and 4, 2022. Since …