In recent weeks, the leading cryptocurrency has seen increased volatility, surging from approximately $61,000 on May 14 to surpass $71,000 by May 21. However, this upward momentum was interrupted by a corrective phase, causing the asset to dip below the $67,000 mark on May 24. Subsequently, Bitcoin managed to recover some lost ground and has … Read more
The Russian Central Bank has observed a significant increase in citizens’ transactions on crypto exchanges and peer-to-peer trading platforms. According to RBC, the bank’s financial stability report highlighted several trends in Russian citizens’ crypto transactions. The report noted that from the fourth quarter of the Financial Year 2023 to the first quarter of FY2024, the … Read more
The daily trading volume of decentralized exchanges (DEX) on Solana [SOL] has decreased, contrasting with the figure three days prior, which exceeded $1.5 billion. This decline is notable compared to Solana’s performance in April when its DEX volume reached a monthly high of $60 billion. As May nears its end, the total monthly volume may … Read more
Ethereum’s price is rising again, surpassing the $3,800 resistance level. Currently, ETH is consolidating around $3,850, with potential for a breakout above $4,000 soon. ETH maintained stability above the $3,540 support zone, forming a base and outperforming Bitcoin. It then climbed above the $3,650 mark. The price moved past the $3,750 resistance and exceeded the … Read more
The creators of the Mollars token presale and project have recently published a compelling report through their official X profile. Previous reports indicated that the “MOLLARS” brand is attracting search interest from crypto traders comparable to tokens like Bonk Inu (BONK) and Pepe (PEPE). Now, insights from an investor in the new store-of-value token shed … Read more
The recent approval of Ethereum exchange-traded funds (ETFs) may lead to a shortage of available Ethereum on the market, potentially impacting the second-largest cryptocurrency by market capitalization. The supply of Ethereum held on centralized exchanges has reached its lowest level in eight years, with only 12.78 million ETH currently available. This quantity represents approximately 11% … Read more
An “idle game” called Notcoin has successfully brought 3% of Telegram users into the world of Web3 by allowing them to earn NOT tokens simply by tapping their screens. Within a short span of less than two months, Notcoin has garnered over 30 million users on Telegram and introduced them to TON-based cryptocurrency wallets. This … Read more
Cardano (ADA) has seen a 5.42% decline in value over the past week, making it one of the worst performers among the top 20 cryptocurrencies. Despite this familiar position, some market participants view this as a potential buying opportunity. To provide more context, ADA’s price at the time of writing was $0.45. This recent decline … Read more
Recent developments in China indicate that cryptocurrencies are still being used despite the government’s ban. Chinese police have conducted multiple raids, uncovering illicit transactions worth billions of dollars involving cryptocurrencies. According to a Bloomberg report, in May, Chinese authorities discovered an underground bank involved in illegal transfers amounting to 13.8 billion yuan ($1.9 billion). They … Read more
Korean regulators are facing growing pressure to approve cryptocurrency exchange-traded funds (ETFs) following the recent approval of spot Ethereum ETFs by the United States Securities and Exchange Commission (SEC). Local media reports indicate that the SEC’s decision on Ethereum may prompt Seoul’s financial regulators to reconsider their stance on digital assets. The SEC approved Ethereum … Read more