In a statement made public on September 4th, the Uniswap Labs, a developer of decentralized exchange (DEX), was charged by the US Commodity Futures Trading Commission (CFTC) with the unlawful sale of leveraged cryptocurrency trading to retail investors in the US. As part of the settlement, Uniswap Labs complied with
In August, the volume of Ethereum futures traded on the Chicago Mercantile Exchange (CME) hit a multi-month low. Based on the data dashboard provided by The Block, the total monthly trading volume of CME Ethereum futures in August was $20.8 billion. From $30.5 billion in July, the expected dollar trading
During an interview at the Korea Blockchain Week event in Seoul, South Korea, crypto entrepreneur Mark Karpeles—former CEO of Mt. Gox—said that he plans to launch his new cryptocurrency exchange later this month with an emphasis on transparency and user-friendliness. Using Poland as its hub, the soon-to-be platform EllipX will
Tuesday was the latest day of negative flows for U.S. spot bitcoin exchange-traded funds. On Tuesday, the 12 spot bitcoin ETFs had net withdrawals of $287.78 million. The most negative flows since May 1, according to data from SosoValue. The biggest bitcoin exchange-traded fund (ETF) by net assets, IBIT, which
Rocko, a new marketplace for accessing the best crypto-backed loans, has officially launched! Crypto owners can now use Rocko to quickly secure loans using their crypto assets as collateral, avoiding the need to sell their holdings. Users can access competitive rates from leading DeFi protocols — starting with Compound —
As the global crypto market faces a downturn with Bitcoin (BTC) slipping to the $55K zone, Binance’s native cryptocurrency, BNB, is not immune to the turmoil. According to CMC data, BNB has fallen over 7.64% in the past 24 hours, dipping from a high of $537 to a low of
Howard Lutnick, the CEO of Cantor Fitzgerald predicts that traditional finance (TradFi) companies want to transact in bitcoin as a new asset. But they are hesitating to take further steps because of all the existing requirements of U.S. regulators. Lutnick on his official X post stated, “Bitcoin has been an
Bitcoin perpetual futures have been signaling growing market pessimism, as funding rates for these contracts have remained persistently below neutral. This trend indicates a bearish sentiment among traders and reflects a broader cautious outlook on Bitcoin’s price movements. Recent insights from K33 Research underscore that these low funding rates suggest
Zürich Cantonal Bank, the fourth-largest bank in Switzerland, has officially entered the cryptocurrency market. According to the announcement on September 4, ZKB is allowing its clients and third-party banks to trade and store cryptocurrencies like Bitcoin and Ethereum. Further, the bank’s offerings are integrated with its existing digital platforms, ZKB
Mino Games, the creator of the digital card game Dimensionals, has announced a strategic shift from Web3 to Web2, abandoning its initial blockchain and NFT integration. The decision comes after the project encountered multiple setbacks that significantly impacted its revenue streams. Dimensional, which initially attracted attention for its blockchain-based gameplay
