The U.S. Securities and Exchange Commission (SEC) has announced that it will require additional time to assess whether the proposed Bitcoin Exchange-Traded Fund (ETF) options meet existing securities laws. While the regulatory body did not specify an exact timeline for when a decision might be reached, it emphasized that the delay is necessary to ensure … Read more
Cardano (ADA) has experienced a dramatic surge, rising 25% in just three days, surpassing the $0.43 mark for the first time since July. This remarkable rally is attributed to several key factors, including increased whale activity, longer coin holding durations, and growing demand for the altcoin. As the crypto market continues to show signs of … Read more
In a major development within the cryptocurrency space, Upbit, one of South Korea’s leading cryptocurrency exchanges, has officially launched trading support for DRIFT, the governance token of the Drift exchange. Drift is a Solana-based platform that specializes in perpetual futures trading, and this addition brings a new layer of trading opportunities for Upbit users. Upbit … Read more
On November 6, 2024, the Bitcoin spot ETF market saw an unprecedented surge in capital inflows, with a total of $622 million flowing into various Bitcoin ETFs. This remarkable influx contributed to a record daily turnover of $6.07 billion, the highest since March 2024. Leading the charge were two major players in the institutional investment … Read more
Mercari, Japan’s e-commerce titan, has seen an extraordinary surge in its crypto exchange business, with its Melcoin arm reporting a ninefold increase in trading revenues over the past year. The company’s Q3 financials, published on its official website, reveal that Melcoin generated 271 million yen (approximately $1.8 million) in revenue from July to September 2024. … Read more
On November 5, the iShares Bitcoin Trust (IBIT) experienced its largest outflow since its inception, with a $44.2 million withdrawal. This marked a significant shift as institutional investors appeared to take a “risk-off” approach ahead of the U.S. elections. The outflow also signaled a broader trend across the U.S. spot Bitcoin ETFs, with a combined … Read more
In a major development for the crypto market, Binance, the largest cryptocurrency exchange in the world, has officially announced the listing of two new tokens on its platform: Cow Protocol ($COW) and Cetus Protocol ($CETUS). The news has generated significant excitement, as both tokens have seen substantial surges in their prices and trading volumes following … Read more
Bitget, a prominent cryptocurrency exchange, has unveiled a new, transparent token listing application portal that promises enhanced due diligence and a thorough review process for tokens seeking a listing. The move is aimed at providing greater transparency for project teams, and it comes in the wake of recent controversies surrounding other major exchanges, such as … Read more
As the United States prepares for its presidential election on November 5, 2024, all eyes are on the markets and how investors are positioning themselves amid heightened political uncertainty. The day before the election, U.S. investors pulled significant funds from cryptocurrency exchange-traded funds (ETFs), particularly Bitcoin and Ethereum ETFs, reflecting market caution ahead of the … Read more
Big banks and institutional investors are increasingly warming up to the idea of cryptocurrencies, and Ethereum (ETH) seems to be the next big asset in the spotlight. Following the growing interest in Bitcoin (BTC) from major investors, Ethereum now looks poised to follow suit as a key asset for portfolio diversification. The most recent and … Read more