On a mostly bearish day in the cryptocurrency market on Tuesday, Render (RNDR), Kaspa (KAS) and Tron (TRX) are top crypto gainers today and some of the only coins trading in the green over the past 24 hours. Each of these altcoins was last up between 1.5-5% in the past 24 hours. Bitcoin (BTC), meanwhile,…
Read more
As the Bitcoin (BTC) price consolidates just to the north of $63,000, investors are weighing up whether it could be the best crypto to buy now. Bitcoin continues to trade with gains of over 10% versus last week’s lows in the $56,000s. Softer-than-expected US jobs data last Friday helped ease fears about the Fed potentially…
Read more
QCP Capital, a prominent options trading desk for digital assets, has received initial approval to operate in Abu Dhabi, marking its expansion into the Middle East. The Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has granted in-principle approval to the company, making it the first digital-asset market maker and broker dealer from Singapore to…
Read more
Get your weekly, bite-sized digest of meme coin news. This week read about: Meme Coin News: Market Highlights Tesla’s Updated Payment Methods Include Dogecoin Dogeverse Presale Hits $13 Million Milestone Whale Withdraws 1.238 Trillion PEPE __________ Meme Coin News: Market Highlights The global cryptocurrency market cap is $2.47 trillion, down 1.5% in the last 24…
Read more
The Swiss National Bank’s (SNB) chairman of the governing board, Thomas Jordan, noted that the bank is exploring best ways to tokenize financial assets. Speaking at an event in Basel on Monday, Jordan noted that the Swiss National Bank is investigating alternative options to its wholesale CBDC. Outlining pros and cons of wholesale CBDC, Jordan…
Read more
The Australian Federal Court has delivered a ruling mostly in favor of Australia’s markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme. On Friday, Judge J Downes concluded that the Australian Securities and Investments Commission (ASIC) succeeded in its Unlicensed Conduct Case against BPS, according to court documents. However, the ruling excluded…
Read more
For the second month in a row, crypto venture capital funding has exceeded the $1 billion mark, highlighting continued investor interest in the industry. According to data from RootData, April witnessed $1.02 billion in funding spread across 161 investment rounds, slightly down from March’s $1.09 billion across 186 rounds. Nonetheless, this marks the first time since October-November…
Read more
The testing version of the ckETH minter on Internet Computer (ICP) mainnet has been upgraded, now featuring the Sepolia version of the USDC token. In a recent forum post, Christian Müller, Senior Software Engineer at DFINITY, revealed that users can obtain Sepolia ETH from various faucets available online and Sepolia USDC to engage with the Sepolia ETH…
Read more
After a prolonged period of continuous outflows, Grayscale’s Bitcoin Trust exchange-traded fund (ETF) recorded its first day of net positive inflows. According to preliminary data from Farside, on May 3, Grayscale’s Bitcoin Trust (GBTC) witnessed $63 million in net inflows. The positive momentum comes after an approximate $17.5 billion in outflows since the launch of 11 spot Bitcoin ETFs on January 11. Franklin Templeton’s Bitcoin ETF Sees Inflows …
Read more
In a major step towards launching its native token, ZRO, cross-chain interoperability protocol LayerZero successfully completed its first airdrop snapshot on May 1. The snapshot marks a crucial stage in the protocol’s development and has generated considerable excitement within the DeFi community. LayerZero Labs confirmed the completion of the airdrop snapshot via an X post…
Read more
