Markets

Binance is the largest crypto exchange in the world by volume. The company just recently turned six years old earlier this year. In addition to Zhao stepping down as CEO, Binance agreed to settle DOJ charges of money laundering with a $4.3 billion fine. Furthermore, the exchange saw over $1 billion in outflows in under 24 hours as customers withdrew funds and tokens following the news. Supporters sent CZ an outpouring of sympathy and cheers on X.com. Here are three powerful...

Crypto investors anticipate bull markets as they are closely associated with massive capital gains for smart individuals, whales, and institutions that invest wisely during bear markets. The market is showing signs of recovery from a bear that has reigned supreme since 2022 began. It was fueled by several macroeconomic factors, including the collapse of major crypto institutions such as lending and borrowing platforms, increased hacks and malicious technical attacks on DeFi...

While BTC’s price has been on a roll in the past few months, certain stocks with strong relation to the asset or the industry have been flying as well. Such is the case with MicroStrategy, whose stock price is up by more than 250% since the start of the year, and Coinbase (COIN), which has seen a surge of 240% in the same timeframe. COIN and MSTR Up by Triple Digits YTD After the atrocious 2022, which saw market prices decline by more than 50% in months amid geo-political...

TL;DR Shiba Inu Scam Warning: Shibarmy Scam Alerts warns of fraudulent sites and NFT airdrops targeting SHIB investors, advising careful verification of URLs. Telegram Scam Alert: The team previously alerted about scammers on Telegram posing as legitimate contacts to deceive users in the Shiba Ecosystem & Shibarium Tech group. Safety Advice: Users are urged to verify identities and check official links to prevent falling victim to cryptocurrency fraud. SHIB Army Should...

During Binance Blockchain Week – a major conference held earlier in Istanbul on November 2023, CryptoPotato had the chance to speak to Binance’s Richard Teng. It’s worth noting that, at the time, Teng was serving as Binance’s Head of Regional Markets, as the conference took place before the most recent Binance developments. Recall that on November 21st, the United States Department of Justice settled charges against the cryptocurrency exchange, bringing an investigation...

The realized capitalization for bitcoin has recently witnessed significant growth and increment, indicating an improvement in the liquidity conditions of the leading digital asset. According to a report by on-chain market analytics platform CryptoQuant, bitcoin’s growing realized cap and the rising stablecoin market cap are evidence of the influx of new capital into the crypto market. Bitcoin’s Growing Realized Cap The realized cap is a metric that helps estimate bitcoin’s...

The Bitcoin spot ETF narrative has numerous analysts and famous figures in the crypto space debating how much BTC will be worth if the ETF gets approved. The recent developments in the cryptocurrency market — the aftermath of the DOJ settling with Binance in $4.3 billion deal and the removal of CEO Changpeng Zhao — have sparked a re-evaluation of the bullish narrative surrounding the potential approval of a Bitcoin exchange-traded fund (ETF). The Binance drama initially led...

The eTukTuk presale has emerged as a focal point for strategic investors this month. The project’s value propositions in the EV and Web3 markets have become a compelling force in drawing investors to the project. The integration of Web3 capabilities into empowering the EV public transportation system in developing economies provides a unique opportunity through the eTukTuk presale. Here’s a brief overview of the project and how it stands out in the crowded crypto market....

Shares for the Grayscale Bitcoin Trust (GBTC) – the world’s largest Bitcoin fund – are nearly back to parity with Bitcoin (BTC)’s price after trading deeply underwater for the past two years. Their rising value reflects market confidence that Grayscale’s efforts to convert its fund into a Bitcoin spot ETF will prove successful. The SEC’s Promising Meetings Starting on Wednesday night, GBTC’s discount to NAV ratio shrank as low as 8.6%, according to Bloomberg ETF analyst Eric...

A prominent Bitcoin Lightning wallet provider – Wallet of Satoshi – announced its decision to remove its app from the US Apple and Google app stores. In a Twitter post addressed to the community, Wallet of Satoshi clarified that it will cease catering to customers in the country. This sparked speculation that the decision might be linked to a growing hostility from US regulatory authorities toward the cryptocurrency industry. Another Player Quits the US Market The latest...