The crypto industry has briefly recovered from the prolonged downside pressure. The global crypto market cap is up 2.7% to $2.3 trillion, over the day. Bitcoin, the leading cryptocurrency, experienced bearish pressure, and Ethereum followed. Despite this, the current market sentiment is in the neutral zone, at 50, according to
Binance and its former CEO, Changpeng “CZ” Zhao, have filed a motion to dismiss the SEC’s amended complaint against them. The motion, submitted on Nov. 4, accuses the SEC of failing to provide clear regulatory standards for the crypto industry. Binance’s legal team contends that the SEC’s approach contradicts a
The crypto market exhibits mixed signals while assets are gaining and losing. Analysts anticipate the overall sentiment of the market to gain momentum post-US election. The largest cryptocurrency, Bitcoin is under bearish pressure, trading at $68.7K. Notably, the dog-themed cryptocurrency, Shiba Inu (SHIB) is one among the top five gainers
In the dynamic world of cryptocurrency, meme coins have emerged as a unique phenomenon, experiencing a rapid ascent. From the inception of Dogecoin to the recent wave of innovative projects, meme coins have not only disrupted traditional investment logic but are also shaping a new cultural trend. What underlying principles
Metaplanet Inc., a publicly listed investment firm from Japan, has joined the CoinShares Blockchain Global Equity Index (BLOCK Index). This marks Metaplanet’s first listing in a globally recognized equity index. The BLOCK Index, managed by CoinShares, tracks significant publicly traded companies driving blockchain and cryptocurrency innovation. With its inclusion, Metaplanet
The crypto market has gone bearish in the last 24 hours, having been influenced by Bitcoin’s returning to the $68K level. The overall crypto market cap has dipped by 0.76% while its daily trading volume shows a 12.89% surge. Meanwhile, within the altcoin sectors, several cryptocurrencies have taken a bullish
The prevailing cryptocurrency market sentiment is uncertain. This week is crucial for the overall market in light of the US election. Historically, Bitcoin and other major altcoins have displayed positive momentum after the US presidential election. The market anticipates a similar picture, with the assets potentially hitting new highs after
External factors’ influences have not been novel to the crypto market since the beginning. As the US elections begin in the next few hours, community members wait with bated breath for the outcomes. Meanwhile, amid these tensions, previously bankrupt crypto exchange Mt. Gox showed a new activity approximately 6 hours
A recent report by Binance Research ‘Understanding the Rise of Memecoins’ explores how economic and cultural changes have fueled the meteoric rise of memecoins as a distinct asset class within cryptocurrencies. The macroeconomic environment, including inflation and growing financial disenchantment, especially among Millennials and Gen Z, is examined first. In this setting,
At the end of October, Bitcoin soared near its all-time peak of $73K and sparked a strong rally across the crypto market, particularly in the meme coin sector. Among the tokens drawing attention was Dogwifhat (WIF), but as November kicked off, the upbeat momentum began to wane. Currently, Dogwifhat’s price
