Markets

The market share of the world’s largest cryptocurrency exchange Binance has recovered significantly after plunging in the second half of 2023 due to several factors, including a massive settlement with U.S. regulators two months ago. According to a tweet from crypto market data provider Kaiko, the market share of the leading trading platform has risen to 49%, up from multi-year lows recorded as the exchange navigated its legal hassles. Binance’s Market Share Rebounds 2023 was...

TL;DR Shiba Inu’s burn rate spiked drastically, significantly reducing its circulating supply. The development aligns with SHIB’s recent price increase amid a general upswing in the cryptocurrency market. The popular meme coin Shiba Inu witnessed a burn rate spike of 1,400% for the past 24 hours, resulting in more than 60 million tokens being removed from circulation. Since the beginning of the year, the number of destroyed assets has surpassed the 9 billion mark. Shiba Inu...

CoinspeakerBinance Officially Allows Large Customers to Keep Assets with Independent Custodians Eligible Binance customers can now use independent custodians to keep their assets instead of holding them on the Binance exchange. Binance Officially Allows Large Customers to Keep Assets with Independent Custodians

ADA price is attempting a fresh increase from the $0.500 zone against the US Dollar. The price is now trading above $0.510 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.490 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.5350 and $0.5500 levels. Cardano price is holding the $0.500 support against the US Dollar, like Bitcoin. ADA price...

Ethereum price is eyeing an upside break above the $2,350 resistance against the US Dollar. ETH price is now trading above $2,280 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $2,250 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $2,240 support zone. Ethereum price is consolidating above the $2,280 level against the US Dollar. ETH/USD could rise...

As the meme coin market sees red, the SpongeBob-themed token Sponge (SPONGE) has swum against the tide with a 9% rise since Thursday. This upward momentum comes as the project prepares to launch Sponge V2 (SPONGEV2), its next evolution, which aims to expand its current functionality and use cases. SPONGE Token Pumps Ahead of V2 Release While the broader crypto market struggles, SPONGE continues to gain ground. SPONGE has soared to $0.00057 in the past few days despite top...

Ethereum’s price has been dropping over the last couple of weeks following a decisive rejection from a significant resistance level. Yet, there are several support levels nearby. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been forming a large ascending channel over the last year. It has recently tested the higher boundary of the channel, which coincided with the $2,750 resistance level and failed to break above. The resulting rejection...

CoinspeakerFinnish Authorities Connect Monero (XMR) Transactions to Vastaamo Data Breach Although the Finnish authorities did not reveal the method used in analyzing Monero, Julius Aleksanteri Kivimäki has been confirmed as the key figure behind the Vastaamo data breach. Finnish Authorities Connect Monero (XMR) Transactions to Vastaamo Data Breach

CoinspeakerCoinbase Crypto Advocacy Group: 18 US Senators Openly Support Crypto Cryptocurrency has been a major point of discussion in politics lately, with experts stating that the crypto community stands to play a significant role in elections. Coinbase Crypto Advocacy Group: 18 US Senators Openly Support Crypto

Stellar lumen price is moving lower from the $0.1165 resistance zone against the US Dollar. XLM price is now trading below $0.1150 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.1152 on the 4-hour chart (data feed via Kraken). The pair could extend its decline below the $0.1120 support zone in the near term. Stellar lumen price is trading below $0.1160 against the US Dollar, like Bitcoin. XLM price...