There has been a growing concern regarding the increased traction of tokens with high valuations but low initial circulating supply, which has sparked discussions about the sustainability of upside potential for traders following the token generation event (TGE). Binance Research’s latest findings have confirmed this trend, depicting an increasing number of tokens being launched with […]
A Taiwanese national has been charged with running Incognito Market, a darknet drug bazaar, and arrested after authorities tracked the platform’s transactions. The platform has transacted more than $100 million in crypto through selling illegal narcotics such as fentanyl. Incognito Market Founder Arrested and Charged On May 18, U.S. authorities arrested Rui-Siang Lin, 23, operating […]
In compliance with regulatory requirements, OKX said that it would discontinue its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. OKX attributed the decision to withdraw its virtual asset service provider (VASP) license application to a “careful consideration” of its business strategy, however, the exchange did not provide further details […]
Bitcoin’s price is on the verge of making a new all-time high after skyrocketing beyond the $70,000 line earlier this wee, and market participants are wondering how much further BTC will rally. Yet, there is still one obstacle remaining as the asset has retraced below that level. Technical Analysis By TradingRage The Daily Chart On […]
Following a significant surge toward the $4K resistance level, Ethereum’s native token has encountered increased selling pressure, resulting in a slight consolidation. The price is expected to fluctuate within a tight range and experience increased volatility before making its next significant move. Technical Analysis By Shayan The Daily Chart The daily chart shows that Ethereum […]
The bankrupt crypto exchange FTX has concluded the sale of $2.6 billion worth of discounted Solana tokens. Figure Markets and Pantera Capital were among the buyers who raked up the final troves of SOL tokens from FTX after weeks of auctions. The results of the auction were disclosed by two undisclosed sources, according to Bloomberg, […]
On Thursday, the U.S. Supreme Court delivered a unanimous decision against Coinbase Inc. (COIN), addressing an arbitration dispute that emerged from the cryptocurrency exchange’s 2021 Dogecoin (DOGE) sweepstakes. The 9-0 ruling clarified that a court must determine which legal agreement holds precedence when parties are governed by multiple contracts. Supreme Court Upholds Lower Court’s Authority […]
Though Congress may appear to have turned pro-crypto, the President may still present a key obstacle to passing key legislation for the industry, according to Senator Cynthia Lummis (R-WY). During a Friday interview, the congresswoman shared her perspective on how Capitol Hill’s views on crypto are evolving, and which parties remain opposed to pro-crypto legislation. […]
The now-defunct crypto exchange FTX has been exposed for making payments worth over $25 million to six whistleblowers who discovered issues with it. Meanwhile, FTX still owes around $11 billion to investors who lost money after the exchange collapsed. Examiner’s Report Exposes Whistleblower Payments According to a report by examiner Robert Cleary on Thursday, one […]
Ondo Finance, a platform dedicated to tokenizing real-world assets (RWA) and backed by Pantera Capital, witnessed a surge in the value of its Ondo Finance (ONDO) token. The coin soared nearly 20%, reaching an all-time high of $1.15 on May 24, 2024. This milestone was perhaps largely driven by Coinbase’s addition of ONDO to its […]