Markets

TL;DR Binance will delist six altcoins, leading to significant price drops for these assets. Such efforts have historically triggered sharp price crashes due to various reasons such as reduced liquidity and market panic. The Latest Update The world’s largest cryptocurrency exchange periodically reviews each digital asset listed on its platform to ensure that it “continues to meet a high level of standard and industry requirements.”  “When a coin or token no longer meets...

Bitcoin mining firm Marathon Digital Holdings has announced plans for a $250 million offering of convertible senior notes due in 2031. The latest private offering is targeted at “qualified institutional buyers.” The firm aims to use the proceeds for the acquisition of Bitcoin as well as corporate growth. The company also has the option to increase the offering by an additional $37.5 million, depending on market conditions. These notes, which will be unsecured and senior...

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Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

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...