In recent months, trading volume on centralized exchanges has seen a significant decline, with June marking the third consecutive month of diminishing activity since March. According to a report by CCData, the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded in March.
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Cardano, despite the recent overall market recovery in the cryptocurrency space, appears to be struggling with profitability for its holders. Data from IntoTheBlock reveals that Cardano is currently the worst performer among the top 10 largest cryptocurrencies by market cap, leaving many holders disappointed and questioning their long-term beliefs in the project. Ever since the
Recently, a US court has granted Binance US permission to invest a specific amount of customer fiat funds, currently held at BitGo, in US Treasury Bills. The exchange requested court approval to invest around $40 million in increments of $10 million over four weeks. These investments will be made through a trading account on TreasuryDirect
The recent hack on India-based crypto exchange WazirX has brought attention to the security infrastructure of multiparty computation (MPC) wallet provider Liminal. In their post-mortem report released on July 19, Liminal stated that their system remained secure and was not compromised in the breach that resulted in an estimated loss of $235 million. Analysis of
The recent surge in the Ethereum market has been attributed to a lack of confidence from investors in the upcoming Spot Ethereum ETFs. Despite the potential for these funds to boost Ethereum’s price, data from Laevitas suggests that traders are not as bullish on ETH’s price as expected. With the annualized premium for Ethereum’s fixed-month
A market strategist has recently declared that Bitcoin (BTC), the world’s largest cryptocurrency, has finally concluded its downtrend. According to the strategist, Bitcoin may be heading to a new price target, driven by the positive shift in its market value. A crypto analyst identified as ‘Rekt Capital’ on X has announced to his 484,500 followers
Planetarium Labs has announced the release of the highly anticipated sequel to the Immortal Rising franchise: Immortal Rising 2. This new game is set to be built on the Immutable platform, offering players early access and exclusive in-game rewards as they gear up for the launch. Immortal Rising 2 follows in the footsteps of its
Shiba Inu, a popular meme coin, has recently experienced a significant increase in its burn rate, with a staggering 450% surge in the past 24 hours. This spike has resulted in nearly 50 million tokens being sent to a null address, ultimately reducing the circulating supply of SHIB. While the USD equivalent of this burn
Ethereum experienced a positive week, closing with a 12% price increase. This notable recovery was fueled by a market-wide rally that allowed ETH to establish $3,300 as a crucial support level. The newfound base sets the stage for potential growth, with $4,000 identified as the next target and resistance level. Despite encountering rejection at this
Gods Unchained has been making headlines in the NFT gaming industry, with its recent surge in activity serving as a testament to its growing popularity. Unlike many other games struggling to make a mark in the current market, Gods Unchained has managed to stand out with its unique gameplay and engaging experience. One of the
Crypto analyst Rekt Capital has provided insights into the potential future trajectory of Bitcoin. According to Rekt Capital, Bitcoin might not be quite ready for its next leg up, which could see it climb back above $70,000. He claimed that Bitcoin is not yet prepared for a successful retest of the $65,000 level as new
When it comes to deciding on political support, Ethereum co-founder Vitalik Buterin advises against solely focusing on a candidate’s pro-crypto views. He stresses the significance of broader values such as individual freedoms and technological advancement. Buterin warns that honing in exclusively on cryptocurrency could potentially undermine the foundational principles that inspired the industry’s movement. Buterin
The Basel Committee on Banking Supervision has recently unveiled its final disclosure framework for banks’ crypto exposures, along with targeted amendments to its cryptoasset standards. These adjustments are designed to “tighten the criteria for certain stablecoins to receive preferential regulatory treatment.” Scheduled to take effect on January 1, 2026, these standards are the result of
BlockFi, a bankrupt crypto lender, has announced a significant step towards repaying its clients. The company mentioned that the first interim distribution of funds through Coinbase will begin this month. The distribution will commence in July and will be processed in batches in the upcoming months. Eligible clients will receive repayment notifications through the email