Metaplanet has been steadily adding to its Bitcoin holdings week after week, and with today’s acquisition, its stack now exceeds 639 Bitcoins. In the early hours of Monday’s trading on the Asia market, the Japanese corporation announced a further investment of 1 billion Japanese yen. This news comes as predictions
October 7, 2024 1 min read
The total market cap of the cryptocurrency market increased by 8.0% in September 2024, propelled by positive global macroeconomic trends as per the latest report by Binance Research. Market optimism was fueled by favorable U.S. job market statistics and the Federal Reserve’s decision to reduce the federal funds rate by 50 basis
October 4, 2024 4 mins read
The expected impetus of ‘Uptober’ has not yet materialized, despite investors’ clinging expectations for a positive surge going into 2025. After a short upswing in September, investors’ hopes were dashed as Bitcoin’s value plummeted to $60,000, causing altcoins to follow suit and leading to widespread market losses. Cryptocurrency prices have
October 3, 2024 1 min read
After Grayscale announced the launch of its Grayscale Aave Trust, the price of AAVE has started to rise again. Institutional investors will have the opportunity to invest in the decentralized finance (DeFi) token via this fund. As a result, the token’s adoption will increase dramatically, which may cause more price
October 3, 2024 2 mins read
A Binance research October report explores issues related to fund transparency, centralization concerns, valuation, and the tactical use of rebranding as it digs into important market insights in the crypto space. It provides a thorough view of the present market dynamics by reflecting perspectives from a range of market actors, including retail users,
October 3, 2024 3 mins read
In an effort to make sure the stablecoin works well when it launches, Ripple has minted an additional 1.35 million RLUSD to the XRP Ledger. Ripple is gearing up for a crucial period of regulatory reviews and market integration, which is when this development occurs. With 2.45 million RLUSD created
October 2, 2024 2 mins read
Coinbase Global Inc., has announced a forthcoming brief platform downtime on X. The exchange made it clear that it plans to upgrade its platform, which means it will be offline for a short time. On Saturday, October 26, 2024, at around 9 AM PT, the planned update will begin and
October 1, 2024 2 mins read
The US economy shrank last month, according to the most recent US PMI data from S&P Global, which caused a decline in the price of bitcoin today. The data indicates that the US manufacturing PMI was about 47, a little lower than the number from the prior month. Notably, traders
October 1, 2024 2 mins read
Vitalik Buterin, a co-founder of Ethereum, has suggested developing a set of criteria to evaluate projects’ degree of “alignment” with the Ethereum principles. Buterin listed attaining “Ethereum alignment” as a top social challenge facing the Ethereum community in his most recent blog post on September 28. Still, he conceded that
September 30, 2024 2 mins read
Former Chinese finance minister Lou Jiwei called on China to carefully study cryptocurrency progress during his comments at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing. The speech was reported by Sina Finance and it said that the former minister warned about the dangers of cryptocurrency, including its volatility
September 29, 2024 2 mins read