Search Results for: Coingecko

A trader took a $4m short position on stablecoin TrueUSD (TUSD) after its issuer temporarily halted mints and redemptions through banking partner Prime Trust. This highlights the importance of vigilance among cryptocurrency enthusiasts, as regulatory scrutiny and operational challenges can affect the value and stability of digital assets like TUSD.

The floor prices of top Ethereum NFT collections such as Bored Ape Yacht Club and CryptoPunks have plunged over the last 24 hours, with Bored Ape seeing its lowest floor price since November 2021. Some traders attribute this to the influence of NFT marketplace Blur, as trading volumes decrease and users farm tokens on the Blend lending platform, resulting in suppressed prices.

Bitcoin has surpassed $29,000, possibly fueled by high-profile ETF filings, while lesser-known altcoins like Bitcoin Cash also surge. EDX Markets, backed by Fidelity, Charles Schwab, and Citadel Securities, now offers Bitcoin Cash, potentially contributing to its 26% uptick in price. As regulatory concerns persist, the question remains: can cryptocurrencies maintain market stability and confidence for further growth?

Gemini plans to expand into the Asia-Pacific region, increasing its headcount in Singapore and establishing an engineering division in India. Amid increased US regulatory scrutiny, the expansion could strengthen Gemini’s position in the crypto world and bring new opportunities for the APAC markets.

Bitcoin surged to $29,000 due to a series of ETF applications in the US and growing institutional involvement in crypto trading. This renewed optimism, led by BlackRock’s ETF application, has increased market confidence in the technology’s potential, despite concerns about increased centralization and scrutiny.

Amid the bearish market of 2022, the Chinese government claimed Bitcoin was heading to zero. However, Bitcoin has since experienced a 36% increase in value, disproving their predictions. Despite market fluctuations and regulatory challenges, the cryptocurrency’s resilience demonstrates the uncertainty of predicting its future trajectory.

The newly launched cryptocurrency exchange, EDX Markets, backed by Wall Street giants Charles Schwab, Citadel Securities, and Fidelity Digital Assets, aims to fuse traditional finance with cryptocurrency while emphasizing compliance. The venture represents a significant milestone in addressing regulatory concerns and encouraging adoption within the traditional financial industry.

Binance.US has experienced a decline in trading volume share, dropping to 4.35% amid legal challenges and increased regulatory scrutiny. Meanwhile, Binance-branded stablecoin Binance USD (BUSD) has lost popularity with its market cap falling from $5.5 billion to $4.3 billion.

The increasing trend of Bitcoin being sent to self-custody wallets is impacting the cryptocurrency market significantly, leading to decreased circulation and reduced market capitalization. However, current exchange activity may offset the negative effects as long as it remains healthy.

A Bitcoin whale recently transferred 50 BTC, worth over $1.2 million, that had remained untouched for more than 13 years, stirring curiosity around long dormancy and sudden asset shifts. Long-term “HODLers” have proven to be the most successful investors, with Bitcoin’s value consistently increasing despite volatility.

The crypto market experiences turbulence following regulatory actions and Federal Reserve’s uncertainty on interest rate hikes, with Cardano losing 22% in value in a week. This downturn raises debates on cryptocurrency investments as traditional financial instruments offer higher yields.

Binance CEO CZ Zhao refutes rumors that the crypto exchange has been offloading Bitcoin to maintain BNB prices, stating they’ve neither sold BTC nor BNB. The allegations by Crypto Twitter users led to debate, but CoinGecko data shows a positive trend for BNB and minimal declines for BTC. Transparency and reliable information are essential in the highly speculative crypto community.

The cryptocurrency market experiences slow trading for Bitcoin and Ether, while exchange tokens gain momentum with a potential impact from the SEC lawsuit against Binance and Coinbase. Michael Rosmer, co-founder of De.Fi, suggests investors might view the lawsuit as a buying opportunity. Upcoming U.S. CPI and June FOMC announcements might influence market volatility.

21Shares recently launched the first Lido-focused Exchange-Traded Product (ETP) due to the surge in liquid staking following Ethereum’s Shapella upgrade. This ETP, with underlying asset LDO, is listed on BX Swiss exchange and allows users to gain staking benefits without lock-up periods or high minimum amounts. The growth of liquid staking governance tokens has helped DeFi market capitalization grow significantly.

Institutional investors withdrew $88 million from digital asset funds last week, contributing to a total of $417 million in the past two months. CoinShares attributes the ongoing selling to monetary policy and rising interest rates, with Bitcoin and Ethereum experiencing significant outflows and North American funds leading the sell-off.

Investors in major tokens like Solana, Cardano, and Polygon witnessed price stabilization and recovery after facing significant losses during the weekend’s sudden sell-off. The tokens’ development foundations issued statements countering allegations from the US SEC, boosting investor confidence and contributing to the price recuperation.

The SEC’s decision to label several cryptocurrencies as securities resulted in historic lows for Algorand (ALGO) and Flow (FLOW) on June 10. Despite opposition from projects like Solana, Cardano, and Polygon, the crypto market thrives, but ongoing debates may create volatility for investors.

Shiba Inu price predictions remain bearish despite increased trading activity and ecosystem upgrades like Shibarium and SHIB: The Metaverse. Investors seeking high-risk-high-reward opportunities may consider participating in presales of promising projects, like AI-powered platform yPredict.

SingularityDAO research reveals that 71% of Pepecoin is controlled by a few investors, causing limited liquidity and leaving majority investors unable to make meaningful profits. With 80% of potential profits accrued in the first week, the concentration of tokens among “whales” poses increased risk to average traders.

Cryptocurrencies are experiencing a resurgence, with Bitcoin and Ethereum up 3.7% and 3.6% respectively. Major and minor altcoins gain amid SEC clampdown on unregulated securities, while market shows resilience despite ongoing regulatory uncertainty.

Rumors of bankruptcy surrounding major crypto exchange Gate.io, connected to the troubled cross-chain protocol Multichain, have alarmed investors. Gate.io threatens legal action against rumor spreaders, while recent events suggest a possible recovery for Multichain, with some cross-chain bridges back online.