Global

The cryptocurrency market has once again been rocked by volatility, with a weekend of euphoria giving way to fear as the new week begins. Bitcoin, the flagship cryptocurrency, saw a significant 5.7% drop over the past 12 hours, shedding $4,000 from its price, plummeting from $70,000 to just below $66,000 during early Asian trading on Tuesday, where it found support.

As the U.S. federal government's outstanding borrowing hits a staggering $35 trillion, concerns about national debt and its implications for the economy are more pronounced than ever. Historically, mounting national debt has often led to increased inflationary pressures and a loss of confidence in traditional fiat currencies.

Base, a prominent player in the blockchain ecosystem, has unveiled its latest upgrade named "Exodus," marking a significant milestone in its journey towards enhanced transaction processing capabilities.

​In a significant development for the cryptocurrency industry, the US Securities and Exchange Commission (SEC) has revised its lawsuit against Binance, the world’s leading crypto exchange.

​Recent data from Etherscan and Gasfees.io indicate a significant decrease in Ethereum gas fees, with the average mainnet fee plummeting to 4 Gwei, approximately $0.21 per transaction.

Cantor Fitzgerald, a renowned financial services firm, is setting its sights on a significant expansion into the Bitcoin financing sector with an initial capital injection of $2 billion.