Markets

San Francisco, CA, August 8th, 2024, Chainwire The one-of-a-kind exchange introduces unique features and benefits, setting a new standard in digital asset trading Figure Markets, a decentralized custody marketplace for digital assets, has launched the Figure Markets Exchange, the foundation for the company’s ambitious vision of creating a single platform for seamless trading across a wide range of assets — the “exchange for everything.” Initially launched as a US onshore exchange, plans are...

During the bloodbath that plagued financial markets on Monday, Cathie Wood’s investment management firm Ark Invest loaded up on shares of the largest American cryptocurrency exchange, Coinbase, ending months of selling the stock. According to a tweet from Ark Invest outlining its trade activity for August 5, the company purchased 93,797 Coinbase shares (COIN) worth approximately $17.8 million at an average price of $189 per share. Ark Invest Buys Coinbase Shares Ark Invest...

Crypto is making a comeback, and some unexpected players are stealing the show. PlayDoge (PLAY), crypto’s latest sensation, is turning nostalgia into cash as it races towards the $6 million milestone in its presale. This retro-style Play-to-Earn game isn’t just tugging at the heartstrings of ‘90s kids – it’s also got gamers and investors scrambling to get involved. PlayDoge Nears $6M In Its Viral Presale Phase In the crypto market, presales offer investors a chance to get in...

Meme coins are back in the green, and the market is heating up. DogWifHat (WIF) has been one of the top performers, with its price rocketing in the past two days. But WIF isn’t the only one rallying, since the new P2E meme coin PlayDoge (PLAY) is also generating massive buzz as its presale nears the $6 million mark. DogWifHat Soars as Investors Buzz Over 65% Rally DogWifHat is back in business. After a rough weekend, WIF has rallied, now trading around $1.76. That’s a 65%...

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Bitcoin whales have been actively accumulating significant amounts of the cryptocurrency over the past month during the market slump. On-chain activity has revealed that over 404,448 BTC, valued at approximately $22.8 billion, has been moved to permanent holder addresses in the last 30 days. Bitcoin Whale Accumulation CryptoQuant founder and CEO Ki Young Ju highlighted this in an August 6 post on X, saying, “I’m pretty sure something is happening behind the scenes.” This was...

Brisbane, Australia, August 7th, 2024, Chainwire Australian gemstone company NYBlue Pty Ltd has emerged as a key player working to redefine the global gemstone market. The company’s strategic venture involves a plan to secure control over the world’s blue zircon supply, a move that holds the potential to reshape the value dynamics of the global gemstone market.  Previously this month, the company released its whitepaper, detailing its current pre-sale and subsequent public float of its ‘real...

Former president and 2024 presidential candidate Donald Trump stated the importance of Bitcoin and the crypto market in a stream with well-known streamer Adin Ross. He warned the current administration about the ill effects of selling the US’ Bitcoin holdings instead of making the asset part of the country’s reserve. He mentioned how not focusing on Bitcoin at this level will prevent the US from innovating in the digital assets sphere, letting countries like China, a tremendous geopolitical...

The U.S. Securities and Exchange Commission (SEC) has asked a New York court to reject Coinbase’s subpoena, which seeks to compel the agency to produce documents related to crypto assets. The SEC described them as covering “essentially all documents that in any way relate to crypto assets.” SEC Opposes Coinbase’s Subpoena Request The motion filed on Monday represents the latest development in the legal battle between the SEC and Coinbase. The exchange is attempting to...

The ongoing turmoil in the Japanese and United States stock markets has triggered heightened volatility in the crypto space. This highlights the interconnectedness of global markets and Bitcoin’s growing correlation with traditional finance (TradFi) markets. Analysts at the crypto exchange Bitfinex explained in the latest Alpha report that Bitcoin’s rising correlation with TradFi markets could mean continued downward momentum for the digital asset if stock market declines...