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
Bitcoin mining firm TeraWulf’s Q2 2024 financial report disclosed a 21.4% drop in Bitcoin production, totaling 699 BTC compared to the previous year’s second quarter. Amidst the drop, TeraWulf generated $35.6 million in revenue, more than double its earnings of $15.5 million from the previous year. Moreover, the firm’s gross
Coinbase has escalated its legal confrontation with the U.S. Securities and Exchange Commission (SEC) by filing a motion for court relief, citing what it perceives as the SEC’s unfair and inconsistent regulatory tactics. The crypto exchange’s Chief Legal Officer, Paul Grewal, pointed out that the SEC’s refusal to produce essential
Cosmos-based Layer-1 blockchain, Canto, has experienced a notable network outage over the weekend due to a critical “consensus issue” in their blockchain. As part of resolving the issue, Canto has scheduled an upgrade aimed at addressing the problem today. The outage was followed by the “Callisto” software upgrade. This resulted
In 2024, Bitcoin miners have encountered significant financial challenges, with daily revenue dropping to an unprecedented low of $2.5 million. This decline marks the lowest point in the year and reflects the increased difficulty of mining operations. According to the information on Blockchain.com, the mining revenue has dropped to -0.06%.
Digital asset investment products experienced a notable rebound last week, with inflows totaling $176 million as investors capitalized on recent price weaknesses, reported coinshares. This surge in investment follows a period where total Assets under Management (AuM) dipped to $75 billion, a decline of over $20 billion during a market
The crypto market has suffered a notable price drop over the last 24 hours. Overall global crypto market cap has dropped by 4.07% to $2.05 trillion over the last day. Leading cryptocurrencies have fallen to considerable support levels, like in July. Bitcoin (BTC) and Ethereum (ETH) have fallen over 4%
As the 2024 presidential race intensifies, the debate over cryptocurrency policy has taken center stage, particularly within the Democratic Party. Pro-crypto Democrats urge Vice President Kamala Harris to reassess her stance on digital currencies amid growing political pressure and shifting public opinion. The call for reconsideration comes as former President
The Bank of Japan (BOJ) confirmed today that they will not raise interest rates amid turbulent financial and capital markets. Deputy Governor of BOJ, Shinichi Uchida stated the need of maintaining monetary easing with the current policy interest rate in a meeting in Japan. The Japanese yen continued its losses
Jump Trading, a prominent crypto trading firm, has made headlines again by cashing out $116.7 million worth of Ethereum (ETH) just 11 hours ago. This move follows a significant sell-off that began on July 24, during which the firm withdrew $611.78 million USDC from Binance and deposited $558.2 million USDC
