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Ethereum Price Struggles to Break $2.5K Resistance Amid ETF Outflows

Leading altcoin Ethereum found itself falling to the $2K level during the recent market price dip. In the last few days, the token following Bitcoin showed recovery signs but has struggled to break key resistance levels. Meanwhile, the community witnessed crucial regulatory activity with announcements from the FCA.  Notably, Ethereum

August 8, 2024 2 mins read

$4WIN Skyrockets to $8 Million Market Cap in Record Time – The Next Big PolitiFi Memecoin?

$4WIN, the innovative PolitiFi memecoin on Solana blockchain dedicated to supporting President Donald J. Trump and his campaign for the 47th presidency, has recently grabbed attention with a significant milestone in its market capitalization hitting $8m market cap days within official launch. This sudden surge has sparked discussions among crypto

August 8, 2024 3 mins read

Ripple Faces $125 Million Fine in Ongoing Lawsuit with U.S SEC

A court filing states that Ripple was fined $125 million as a result of its ongoing action with the U.S Securities and Exchange Commission (SEC). At the time of writing, XRP is trading at $0.6024, up 18.15% in the last 24 hours as per data from CMC. According to the

August 8, 2024 2 mins read

FCA Issues New Guidelines for Crypto Firms on Marketing Compliance

The UK’s financial watchdog, the Financial Conduct Authority (FCA), has issued fresh guidelines for cryptocurrency companies that promote cryptocurrency services. In October 2023, the FCA implemented laws regarding the marketing of cryptocurrencies and has since been assisting the sector in meeting these requirements. The authority looked at how businesses were

August 8, 2024 1 min read

Michael Saylor Reveals Around $1 Billion in Personal Bitcoin Holdings

Michael Saylor has come clean about his Bitcoin (BTC) ownership. He is the co-founder and chairman of the American software and business analytics company MicroStrategy. Previous rumors about Saylor’s personal Bitcoin bets were confirmed when he made this announcement earlier today. The fact that Michael Saylor owns Bitcoin is not

August 8, 2024 2 mins read

Trust Wallet Launches Quest Platform and Points System To Reward and Educate Users

Trust Wallet, the world’s leading self-custody Web3 wallet and Web3 gateway trusted by over 130 million users, has launched Trust Wallet Quests, a task-oriented Quest platform within the Trust Wallet mobile app which encourages users to earn points while learning about Web3 and interacting with Trust Wallet features. Users can

August 7, 2024 3 mins read

Bitcoin Accumulation Surges as Hodlers Add $23 Billion in 30 Days

In a striking display of confidence, Bitcoin holders, often referred to as “hodlers,” have significantly increased their positions over the past month. Data from on-chain analytics platforms reveals that these long-term investors have collectively added substantial Bitcoins. Approximately $23 billion worth of BTC have been added to their holdings in

August 7, 2024 2 mins read

BlackRock and Nasdaq File for Options Trading on Spot Ethereum ETF

BlackRock and Nasdaq have filed with the SEC to add options trading to the iShares Ethereum Trust (ETHA). Final SEC approval is anticipated by April 9, 2025, with pending approvals from the OCC and CFTC. This move, disclosed in a regulatory filing, aims to enhance market dynamics and provide investors

August 7, 2024 2 mins read

Bybit Hits Record-Breaking 107 Billion Daily Trading Volume

Bybit, the world’s second-largest cryptocurrency exchange by trading volume,  today announced an unprecedented milestone, achieving an all-time high daily trading volume of over 107 billion earlier this week. This remarkable figure represents a staggering four times increase compared to Bybit’s daily average trading volume of 25 billion, solidifying its position

August 7, 2024 2 mins read