Cardano (ADA) finds itself at a critical juncture as it grapples with persistent bearish pressure, struggling to maintain key support levels. The cryptocurrency’s recent price action has drawn significant attention from analysts and investors alike, particularly following its test of the $0.3680 resistance on October 7. Despite this brief show
South Korea’s Financial Services Commission (FSC) is reconsidering the possibility of lifting its long-term ban on spot exchange-traded funds (ETFs). It further allows institutional accounts on local crypto exchanges. The Virtual Asset Committee will evaluate approving the virtual asset spot ETFs and allowing the corporate virtual asset accounts. Since 2018,
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce the successful completion of bbSOL’s first month, a significant milestone in the quest to improve token staking on the Solana blockchain. With its innovative marketing approach and smooth integration across centralized and decentralized platforms, bbSOL—the first exchange-backed liquid
The hedge funds have focused on traditional asset classes and have exposure to the cryptocurrency market. Approximately 50% of the hedge funds have allocated capital to digital assets, marking an increase compared to previous years. Reportedly, 47% of the hedge funds invested in traditional asset classes have ventured into cryptocurrencies
EigenLayer (EIGEN) is currently trading at $3.52, reflecting a 12.57% decrease over the past 24 hours. The market capitalization stands at $657 million, positioning EIGEN at #96 among cryptocurrencies. Trading volume has also dropped significantly, falling by 45% to $253 million, which ranks it at 25 in daily volume. This
Ripple has launched new crypto custody services aimed at helping banks and fintech firms store digital assets. Announced on Thursday, the services are part of the company’s Ripple Custody division, offering features such as integration with Ripple’s XRP Ledger blockchain, enhanced anti-money laundering (AML) monitoring, and an improved user interface.
The U.S. Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), and Department of Justice (DOJ) have filed lawsuits against Gotbit Consulting, ZM Quant Investment, CLS Global, and several individuals for market manipulation and fraud. The charges primarily involve practices like wash trading, where fake transactions were used to
The United States Federal Bureau of Investigation (FBI) created its own cryptocurrency, “NexFundAI,” operated on the Ethereum blockchain. The FBI initiated the token to capture the attention of market manipulators and illicit activities in the cryptocurrency market. Besides, the federal prosecutors in Boston announced charges against eighteen individuals and entities
As Nasdaq investors take notice of the crypto market, past chart’s long-term analysis have shown that a few names always seem to rise to the top: Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). However, occasionally, a relatively unknown company appears in the market, draws the attention of experienced professionals, and
Ethereum (ETH), the largest altcoin by market cap, continues to underperform in the crypto market. The cryptocurrency has been in a steady downtrend since falling below $3,400 on June 23. The much-anticipated “Uptober” has also disappointed ETH holders, with the altcoin hitting a monthly low and facing growing selling pressure.
