Recently, Coinbase’s non-US exchange experienced an impressive milestone with over $1 billion in daily trading volume on Feb. 20. This achievement signifies a significant growth trajectory for the platform, especially in the realm of perpetual futures trading. Coinbase International Exchange, as stated by CEO Brian Armstrong, reached the $1 billion daily volume mark for the
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The Hong Kong Monetary Authority (HKMA) recently announced new regulatory standards for the sale and distribution of tokenized financial products by authorized institutions. This move is aimed at fostering innovation while ensuring robust consumer protection in the field of tokenization. The guidelines define the scope of tokenized products falling under this regulatory framework, excluding those
Recently, global asset management firm Bernstein has expressed strong confidence in the possibility of the United States Securities and Exchange Commission (SEC) approving an Ethereum Spot ETF. Analysts Gautam Chhugani and Mahika Sapra from Bernstein believe that Ethereum, the second-largest cryptocurrency in the world, may be the next digital asset to receive an ETF approval
Wall Street Memes has recently announced a major new burn mechanism that is set to ignite a significant change in the $WSM token dynamics. This new mechanism involves burning 5% of the total $WSM supply, which equates to around 100 million tokens. The burn mechanism will be applied to all Net Gaming Revenue (NGR) generated
Cryptocurrency analyst Michaël van de Poppe has made a bold prediction for Ethereum, suggesting that the price could potentially soar to $4,500. Van de Poppe believes that Ethereum is capitalizing on Bitcoin’s upward momentum as investors shift their focus towards ETH. This shift has been seen as a significant move in the crypto market, with
The recent sale of a complete set of 10 Autoglyphs has sent shockwaves through the blockchain and art communities, garnering attention for its staggering purchase price of 5,000 ETH, equivalent to approximately $14.6 million today. This sale stands as the highest NFT sale in the past two years and the fifth-largest on-chain purchase to date,
Ethereum has recently broken through the $2,900 level, signaling a significant uptrend in its price. While Bitcoin has been moving sideways, Ethereum has shown a strong surge of almost 4% in the last 24 hours. This price movement has brought Ethereum to the $2,900 mark for the first time since May 2022. Investors in Ethereum
Rabby Wallet, a crypto wallet developed by Debank, has gained popularity among users due to its support for 141 chains and multiple signing modes. However, the recent launch of the beta version of its mobile app has led to unexpected consequences for unsuspecting users. On the 16th of February, reports began to surface about a
As the general elections approach in South Korea, the ruling People Power Party (PPP) has announced its plans to advocate for a further two-year delay in the implementation of cryptocurrency taxation. This strategic move was unveiled during a press conference on February 19, where party officials highlighted the importance of establishing a robust regulatory framework
Binance, one of the leading cryptocurrency exchanges, has recently made an announcement regarding the discontinuation of trading and subscription services for its leveraged token offerings. This decision will affect tokens such as Bitcoin, Ethereum, and BNB Coin, with the discontinuation set to take effect on Feb. 28. According to the statement released on Feb. 19,
As the price of Bitcoin has been steadily climbing in recent weeks, the open interest in the cryptocurrency has also been on the rise. This surge in open interest is a clear indication of the increased interest in Bitcoin, especially following the approval of Spot Bitcoin ETFs for trading by the United States Securities and
In the world of cryptocurrency, Bitcoin (BTC) has long been the dominant force. However, recent data shows that Ethereum (ETH) is gaining momentum, with a significant increase in value and market capitalization. While BTC saw a rise of around 7% in the last week, ETH experienced a surge of close to 15%, surpassing the $2,900
Yuga Labs, a prominent player in the world of Web3 innovation, has recently made waves with its acquisition of PROOF. PROOF is a platform known for its focus on art and community engagement, making it a strategic addition to Yuga Labs’ portfolio. This acquisition encompasses not only the team and intellectual property of PROOF but
In the past week, Bitcoin has shown impressive growth, surpassing the $50,000 mark for the first time since 2021. Despite some sideways movement, the cryptocurrency has held strong above $51,000. However, a respected crypto analyst has raised concerns about potential bearish pressure on Bitcoin in the near future. Ali Martinez, a prominent analyst on the