Markets

The Blockchain Expo World 2024, the world’s largest blockchain and crypto expo, is set to take place at the Istanbul Expo Center from July 4-7, 2024. This event marks a significant milestone as Turkey’s first state-approved blockchain fair, highlighting the nation’s growing prominence in the global crypto market. This groundbreaking expo will bring together industry professionals and stakeholders from various sectors, including Metaverse, Cryptocurrency, NFT, WEB 3.0, and other innovative...

The crypto volume market share of the Turkish lira (TRY) has hit an all-time high amid the currency’s depreciation and foreign exchange volatility in the country. According to a report by crypto research platform Kaiko, the uptick in TRY’s crypto volume market share caused the currency to rally past the euro (EUR), becoming the third largest fiat currency by volume. TRY Becomes Third Largest Fiat by Volume Kaiko’s analysis found that TRY’s crypto volume market share hit an...

Bitcoin and the rest of the cryptocurrency market experienced a notable surge following the release of the latest US Consumer Price Index (CPI) data, and now eyes are on tonight’s Federal Open Market Committee (FOMC) meeting. Bitcoin and Ethereum posted gains of 3.4% and 2.43% over the past 24 hours, respectively. The crypto market remains uncertain, with BTC hovering at around $70,000, Ethereum struggling to get past $4,000, and investors treading with caution. However,...

[PRESS RELEASE – San Francisco, US, California, June 12th, 2024] DeFi Protocol, Asymmetry Finance, Announces Partnership with Ampleforth and Unveils afUSD, Redefining the Stablecoin Market Asymmetry Finance, a leading liquid staking tokens (LST) protocol, is set to launch its afUSD product in partnership with Ampleforth, marking a significant milestone in the DeFi landscape. Designed as a fully on-chain synthetic dollar, afUSD aims to offer competitive potential yields,...

[PRESS RELEASE – Lisbon, Portugal, June 12th, 2024] Azuro, the leading liquidity layer for onchain predictions, is using Olas, the principal network for autonomous AI agents, to leverage their AI stack for the development of an autonomous agent capable of operating across the Azuro ecosystem. Azuro is the frontrunner infrastructure layer for sport and entertainment prediction markets within EVM chains. Over 25 apps are operational on the protocol, with many others already in...

Ripple has acquired Standard Custody & Trust Company, a digital asset custodian regulated by the New York Division of Financial Services (NYDFS). This strategic acquisition is part of Ripple’s plans to expand into the growing stablecoin market, offering its users a stablecoin issued by a NYDFS-regulated entity. Those following Ripple’s ongoings first heard of its interest in purchasing the custodian a few months ago – now it has transpired. Standard Custody is the second custodian to...

Weeks have passed since the much-discussed Bitcoin halving, and despite the huge amount of excitement leading up to it, the market is still responding slowly. A small number of cryptocurrency analysts expressed skepticism, but positive anticipation dominated the market sentiment. Even though there have been brief periods of market price increases, experts feel that this is the ideal time to search the market for the top cryptocurrency projects because the post-Bitcoin halving period is...

United States Senator Elizabeth Warren (D-MA) is calling on the Federal Reserve to lower its interest rate target on Thursday – a move most analysts believe would be a boon for crypto markets. The senator’s request puts her in an ironic alignment with crypto investors, whose industry she has repeatedly tried to stifle with burdensome legislation and reporting requirements. Cut Interest Rates Now, Says Senator Warren In a letter to Fed chairman Jerome Powell on Tuesday, Warren...

Bitcoin futures interest tapped an all-time high in US dollar terms on Monday, reaching over 500,000 BTC worth $36.3 billion. Analysts say the overwhelming surge in open interest relates to a clever arbitrage play levied by institutional traders between Bitcoin’s futures and spot markets. The Cash And Carry Trade In a Tuesday newsletter, lead Glassnode analyst James Check theorized that leveraged funds are simultaneously shorting Bitcoin on the CME while buying up coins in...

Since Dogecoin’s debut in 2013, the meme coin market has seen significant growth, reaching a total market cap of $60 billion by June 2024. In March alone, the asset class attracted a whopping $13 billion in spot trading volumes on exchanges, surpassing major blue-chip cryptocurrencies such as Ethereum and Solana. However, this sector is grappling with risks. Red Flags Identified in Meme Coin Investments According to CoinShares’ latest report, the heavy concentration of assets...