TL;DR Binance’s latest listing resulted in a 10% price rally for the involved asset. Depositing is already on, wheareas withdrawals will be available from August 9. However, the company cautions about potential high price volatility for newly listed tokens, advising users to conduct thorough research before entering the ecosystem. The Binance Effect The world’s largest […]
TL;DR Ripple was ordered to pay a $125 million fine, much less than the SEC’s initial $2 billion demand, marking a significant victory for the company. The watchdog might appeal the decision within 60 days, but Ripple is likely to comply with the ruling. Was This the End? The legal battle between Ripple and the […]
BTC prices surged to an intraday high of $62,790 during the Friday morning Asian trading session. The move added 9.5% to the value of the asset over the past 12 hours as it climbed from its intraday low of $57,000 late on Aug. 8. Bitcoin has now recovered around 25% from its dump to $49,800 […]
Japanese investment firm Metaplanet has secured a $6.8 million loan (1 billion Japanese yen) from one of its shareholders, MMXX Ventures, to increase its Bitcoin holdings. This move follows Metaplanet’s recent announcement to raise $70 million through a stock rights offering, with $58 million earmarked for Bitcoin investments. Metaplanet to Fund Bitcoin Investments Metaplanet’s loan […]
According to a Fox Business report on Aug. 7, a new advocacy group called “Crypto for Harris” has been launched to battle rival Donald Trump’s industry appeal. The group is planning a virtual town hall meeting next week to support the Harris campaign and promote fundraising initiatives. Fox’s Eleanor Terrett reported that those speaking will […]
TL;DR Benzinga crypto analyst Armando Pantoja predicted on Tuesday that Shiba Inu price will FOMO to $0.001. But, one of SHIB’s competitors may beat it to 100x. Although anything can happen in markets and past performance is no guarantee of future results, most crypto assets tend to deliver less ROI with each parabolic price rally. […]
On Aug. 8, on-chain analytics platform Lookonchain reported that the world’s largest crypto exchange, Binance, experienced a net inflow of $2.4 billion since the market dip on Aug. 5. It added that the majority of that was in stablecoins with an inflow of $1.33 billion in USDT and $519 million in USDC. This suggests that […]
Periods of widespread decline in global markets are usually rare, happening during times of significant global stress, deleveraging, and increased geopolitical risk. On Monday, both equities and digital assets experienced sharp sell-offs as the unwinding of the yen-carry trade led to market deleveraging. US treasuries surged amid recession fears, and bitcoin saw a 32% drop […]
During the bloodbath that plagued financial markets on Monday, Cathie Wood’s investment management firm Ark Invest loaded up on shares of the largest American cryptocurrency exchange, Coinbase, ending months of selling the stock. According to a tweet from Ark Invest outlining its trade activity for August 5, the company purchased 93,797 Coinbase shares (COIN) worth […]
Ripple has been fined $125 million in the lawsuit against the United States Securities and Exchange Commission. This is just a fraction of what the SEC had previously asked for in the case. The fine that Judge Analisa Torres settled on is far less than the $1 billion in disgorgement and prejudgment interest and $900 million […]