Markets

Publicly listed crypto exchange Coinbase has issued a statement to Commodities and Futures Trading Commission (CFTC) officials on reconsidering its definition of ‘gaming.’ With that, it seeks to convince the agency to alter its upcoming rules for prediction markets. The Coinbase statement noted, “We support the Commission’s mission to promote integrity, resilience, and vibrancy of the US derivatives markets through sound regulation. However, we have significant concerns with both the...

A Donald Trump-themed memecoin called Restore the Republic (RTR), rumored to be backed by the former US President and current Republican presidential candidate, rose to a market cap of $155 million hours from launch. It then lost 95% of that value after Donald Trump’s son, Eric Trump, clarified it was not backed by the former president. The crypto ecosystem was pumped and awaited an official Trump memecoin as Eric Trump took to X earlier in the week, leaving a message about such an asset. In...

As the cryptocurrency market grapples with a $1 billion liquidation event, Pawfury (PAW) emerges as a promising presale project, offering a potential safe haven for investors. With its innovative approach and strong community backing, Pawfury stands out in the chaotic landscape of digital assets. Pawfury (PAW) – The New Future Market LeaderPawfury (PAW) has emerged as a new star in the cryptocurrency market. Its innovative features, strong community support, and practical utility make it...

In July, global crypto trading volume on centralized exchanges surged by 19%, reaching $4.94 trillion. This marks the first increase in trading volumes in four months, as reported by CCData. Crypto Trading Volume Surge CCData noted that the increase in trading volume is due to the launch of spot Ethereum exchange-traded funds in the U.S. and the positive sentiment from local political figures at the Bitcoin conference in Nashville, Texas. The report highlights significant...

Brazil’s Securities and Exchange Commission, or the Comissão de Valores Mobiliários (CVM), has approved SOL Exchange Traded Funds (ETFs). The issuance will occur after Brazil’s stock market, B3, approves it, which is the next and final step in the process. This fund will be one of the only few SOL ETFs in issuance worldwide at the moment. The first was the product offered by 21Shares, ASOL, on Switzerland’s SIX exchange in 2021. Others include CoinShares’ Physical Solana and ETC Group’s...

TL;DR Tron (TRX) leads with 87% of investors currently in profit. Cardano (ADA) is on the opposite side, with most of its holders underwater. Bitcoin (BTC) is Among the Leaders The enhanced volatility of the cryptocurrency market has significantly affected investors in different digital assets. At the start of the week, prices were plummeting, resulting in substantial paper losses for HODLers, while the subsequent comeback partially fixed the situation for those who endured...

Sandbox land prices have dropped by up to 95% from their peak TOPIA Worlds remains resilient with a 65% drop, driven by smart rebranding and active community support. As per CoinGecko’s most recent report, the prices of Sandbox land have dropped drastically, falling by about 95% from their highest peaks. Metaverse land prices in 2024 fell an average of 72% from their peak to between 0.08 ETH and 1.88 ETH. A larger sequence of notable corrections from the bull market peaks in 2022 is...

TL;DR Santiment ranked Internet Computer (ICP) as the top digital asset for development activity, followed by Hedera (HBAR) and Cardano (ADA). The top 10 list also features Ethereum (ETH), Chainlink (LINK), Polkadot (DOT), and Cosmos (ATOM), with Ethereum gaining attention due to new spot ETH ETFs in the United States. The Top 10 List The cryptocurrency market intelligence platform recently revealed the top 10 digital assets in terms of notable development activity for the...

Binance has announced that its security team has successfully recovered or frozen more than $73 million in user funds from external hacks as of July 31 this year. This latest figure exceeds the roughly $55 million recovered in all of 2023. Binance’s 2024 Security Efforts As per the official press release shared with CryptoPotato, Binance asserted working closely with the public sector to ensure affected users receive the necessary assistance.  About 80% of these recoveries...

Bitcoin’s price movements over the weekend have returned to a much calmer state, and the asset has remained relatively stable at just over $61,000. The altcoins are mostly in the green, with BNB and DOGE emerging as the top performers from the larger caps. BTC Above $61K Last weekend went under the rule of the bears as they pushed the primary cryptocurrency from $66,000 on Friday to $57,000 by Sunday evening. The landscape worsened on Monday, and the price plunged massively...