K9 Finance DAO (KNINE), introduced as a win-win token on March 7, 2024, serves as the official liquid staking solution on the Shiba Inu and Shibarium blockchain. Recently, a significant development for the Shiba Inu (SHIB) ecosystem occurred as KNINE was listed on a major exchange. Specifically, the Hong Kong-based cryptocurrency exchange LBank listed KNINE. … Read more
Cryptocurrency trading platform HTX, previously known as Huobi, has surpassed the U.S.-based exchange Coinbase in spot trading volumes. Tron founder Justin Sun, who acts as an advisor for HTX and holds considerable assets on the platform, announced on X on May 27 that HTX has outpaced Coinbase in spot trading volume for the first time. … Read more
Bithumb, the second largest cryptocurrency exchange in South Korea, has revealed the addition of new trading pairs for Arweave (AR) and Ethereum Name Service (ENS) with the Korean won (KRW). Listing of Korean Won Trading Pairs Announced by Bithumb, Arweave, and ENS The purpose of this action is to increase trading options and draw more … Read more
The Financial Conduct Authority (FCA) in the UK has taken a significant step towards aligning with other financial hubs regarding digital assets. They’ve greenlit the first cryptocurrency ETFs, as announced by WisdomTree Inc, a prominent asset management firm. These ETFs, backed by hard assets, will track Bitcoin and Ethereum and are slated to debut on … Read more
Following the downfall of FTX, the crypto exchange formerly led by Sam Bankman-Fried, the opulent real estate assets accumulated by the company are set to be sold. As per a Bloomberg article, the administrators in charge of FTX’s assets are gearing up to offload the properties obtained during the exchange’s prosperous period before its collapse … Read more
With U.S. financial markets on pause for Memorial Day, the crypto markets have had a relatively calm start to the week, except for one standout: Chainlink (LINK). As the 14th largest cryptocurrency by market cap, LINK has surged over 10% in the past day, now trading at $18.75, according to CoinGecko data. Chainlink’s native token, … Read more
Polygon (MATIC) appears to be on the verge of an uptrend as the number of whale addresses holding the prominent Layer 2 (L2) token is starting to rise. An analysis of the token’s movements on a daily chart also indicates a gradual resurgence of bullish activity in MATIC’s market. Polygon Whales Reveal the L2 Token’s … Read more
Arthur Cheong, the founder and CEO of DeFiance Capital, predicts that Ether’s price could surge to $4,500 before the first spot Ether exchange-traded funds (ETFs) receive official approval. On May 26, Cheong shared this forecast with his 167,000 followers on X, stating: “4.5k before spot ETF goes live for trading [in my opinion].” At the … Read more
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 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