As Q3 unfolds, the altcoin market continues to grapple with bearish conditions. However, XRP stands out with a notable surge, climbing 12% over the past week from a low of $0.4319. Currently trading at $0.5803, XRP’s recent performance contrasts with the broader trend of slow recovery among altcoins. Analysts remain
STS Digital has announced the acquisition of Swiss market maker Flovtec, a move that underscores its commitment to enhancing liquidity solutions within the cryptocurrency space. Flovtec’s trading infrastructure and proprietary algorithms will be integrated into STS Digital’s existing platform, further strengthening its offerings. The acquisition is set to bolster STS
Goldman Sachs, a massive financial institution, disclosed its holdings in the second quarter in a Form 13F filing. According to the SEC filing, the massive financial institution holds holdings in seven separate US Bitcoin exchange-traded funds. The filing reveals that Goldman Sachs has an incredible 7 million shares, or $238
A pioneer in asset tokenization, Backed today announced a ground-breaking collaboration with Latin America’s eNor Securities, a regulated investment exchange and marketplace for tokenized assets. With this partnership, a significant milestone will be reached as retail investors in the rapidly expanding LATAM market will have access to Backed’s tokenized securities, also
Solana (SOL), the fifth-largest cryptocurrency by market cap, has extended its recent downward trend, failing to break out of the $150 zone. As bears are overpowering the feud, SOL dropped down to a brief bearish zone at $146. Notably, in the last 24 hours, after a 2.30% drop, SOL managed
Leading altcoin Ethereum has witnessed several whale movements in the past 24 hours. While the token’s price has consolidated at the $2.6K level, particular community members were observed selling ETH tokens. Meanwhile, the overall cryptocurrency market has shown positive momentum with Bitcoin and other altcoins showing modest price increases. Notably,
After the market crash on August 5, institutional investors poured capital back into cryptocurrency funds, and Ethereum exchange-traded products were their first pick. For the week ending August 11, crypto asset investment products saw inflows totaling $176 million, according to the Digital Asset Funds Weekly Report issued on August 12
On Sunday, August 11th, at Foresight 2024 Hong Kong, Ben Caselin, the Chief Marketing Officer of VALR, the cryptocurrency exchange backed by Pantera, gave a keynote speech on the unique adoption trajectory of cryptocurrencies in emerging markets. Caselin’s presentation clarified the notable distinctions between the adoption of cryptocurrency in nations such
Solana (SOL) finds itself at a critical juncture as the broader cryptocurrency market grapples with bearish sentiment and underwhelming performance in Bitcoin and Ethereum ETFs. The altcoin’s recent price action has been nothing short of a rollercoaster, experiencing a dramatic 40% plunge from its peak of $193 to a low
Thailand Securities and Exchange Commission (SEC) disclosed its Digital Asset Regulatory Sandbox. Thailand’s sandbox is aimed at fostering innovation in the cryptocurrency sector to ensure effective regulation. This move highlights Thailand’s commitment to balancing advancements in digital assets and regulatory frameworks. The Digital Asset Regulatory Sandbox provides a controlled environment
