Regulatory enforcement against the crypto sector has spooked investors, but the total crypto market capitalization continues to hold above $1 trillion. Altcoin Watch Join us on social networks A bearish trend formation has been pressuring cryptocurrency prices for the past eight weeks, driving the total market capitalization to its lowest level in more than two …
Monthly archives: June 2023
US court dismisses BitGo’s claims in $100M lawsuit against Galaxy Digital
Vice Chancellor J. Travis Laster of the Delaware Court of Chancery said Galaxy had a “clean termination right” to the acquisition of BitGo, which it announced in 2022. News Join us on social networks The Delaware Court of Chancery in the United States has granted a motion from crypto investment firm Galaxy Digital largely dismissing …
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LPX Token: The Next Big Penny Crypto? Crypto Whales Gathering Before Exchange Listing
The United States Securities and Exchange Commission (SEC) sued Binance and Coinbase, two tier-1 crypto exchanges implicating several tokens as securities in the process, including […] Go to Source
Crypto Foundations Refute SEC Claims That SOL, ADA, and MATIC Are Securities
Summary: The SEC’s claims that SOL, ADA, and MATIC are securities were met with stiff disagreement by the development foundation of each token. Following their statements last week, investors seemed to steady their feet as prices rebounded slightly on Monday. SOL, ADA, and MATIC market values initially dropped after the SEC sued Binance and Coinbase …
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What’s going on behind the scenes of June’s massive miner outflow?
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US unemployment rate under 4% for longest stretch since 1970s
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Crypto gaming sector hit hard as Nexo outperforms tokens listed in SEC lawsuits
The fallout from the U.S. Securities and Exchange Commission (SEC) lawsuits against major cryptocurrency exchanges Binance and Coinbase is starting to play out in the market. The legal action sent shockwaves throughout the crypto market, affecting many tokens in the lawsuits as evidence that the exchanges have been trading crypto securities. Analyzing the performance of these …
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SEC hostilities see Bitcoin dominance spike to 111-week high
Bitcoin’s dominance of the total crypto market cap spiked to 49.6% – a level not seen since late April 2021 – marking a 111-week high. The period around April 2021 related to the first wave of the previous bull cycle, with BTC peaking at $65,000 by early-April 2021. Despite China’s crypto ban and Elon Musk …
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Tether treasury sends Binance $750M USDT in chain swap transaction
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Last week, Ethereum ETPs saw the largest single week of outflows since the Merge
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Should we fear a deflationary collapse in Bitcoin?
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Former SEC Chairman Jay Clayton Advocates for Nuanced Approach in Dealing with Enforcement Actions on Crypto
The United States Securities and Exchange Commission (SEC) former chair Jay Clayton has spoken out about crypto regulation. He commented on the agency’s recent wave […] Go to Source
Ethereum Name Service Price Prediction for Today, June 12: ENS/USD May Gear up for Recovery Above $8.00
The Ethereum Name Service price prediction reveals that ENS may begin to form higher as bears may soon lose grip over the coin. Ethereum Name […] Go to Source
Bitcoin Shows Negative Momentum, Drops 5% Amid SEC Concerns – Time To Buy The Dip?
Bitcoin (BTC) price has steadily declined since the mid-April high of around $30,600. After a notable rally on June 6, the flagship crypto has descended […] Go to Source
Binance BNB Token Futures Open Interest Jumps to 5-Month High
The world of cryptocurrencies is witnessing a significant development as open interest in Binance Coin (BNB) token futures reaches a five-month high. This surge in […] Go to Source