Shiba Inu (SHIB), the meme coin that gained considerable popularity in recent years, is currently navigating a phase of significant market fluctuations. Following an impressive rally in the first quarter of 2024, where its price reached heights of $0.00003629, the token has entered a downward trajectory. At present, it trades at approximately $0.00001364, marking a
Crypto
In 2024, the U.S. Securities and Exchange Commission (SEC) significantly escalated its crackdown on the cryptocurrency sector. By June of that year, the agency had imposed fines totaling nearly $4.7 billion, an astronomical increase of 3,018% compared to the roughly $150.3 million levied in 2023. This dramatic shift indicates not just the SEC’s intensified focus
In recent discussions, Steven Lubka, who is at the helm of private clientele and family offices for Swan Bitcoin, expressed a strong belief in Bitcoin’s impending rise, predicting it could breach the six-figure threshold by 2025. The confidence he showcases highlights a common sentiment among crypto enthusiasts: the market remains resilient and seems to decouple
The decentralized finance (DeFi) sector has surged in prominence, becoming a keystone of the cryptocurrency ecosystem. Amidst thousands of projects, insightful analysis on development activity can illuminate which platforms show promise for growth and community engagement. Recently, the crypto analytics platform Santiment released a report detailing the top ten DeFi projects based on their development
In a significant development for the cryptocurrency landscape, Grayscale, a well-known cryptocurrency asset manager, announced the launch of its new Trust dedicated to tracking Ripple’s native token, XRP. This move signals a notable pivot in the narrative surrounding XRP, especially in light of its ongoing legal battles and market volatility. With Grayscale’s track record of
In a significant development for cryptocurrency enthusiasts, Coinbase, the largest cryptocurrency exchange based in the United States, has launched its new Wrapped Bitcoin product, known as cbBTC, on two major blockchain platforms: Base and Ethereum. This launch follows the integration of the Lightning Network by Coinbase earlier this year, aimed at streamlining Bitcoin (BTC) transfers,
The landscape of cryptocurrency trading in the United States has experienced a significant shake-up with the recent actions of the Securities and Exchange Commission (SEC) against eToro. The financial services platform, known for its accessibility to retail investors, is set to discontinue trading for the vast majority of its cryptocurrency offerings. This decision, prompted by
Recent fluctuations in the cryptocurrency landscape witnessed Bitcoin (BTC) sinking to around $55,500 and Ethereum (ETH) dipping to $2,200. This decline triggered widespread anticipation of further struggles, leaving many to brace for a deeper recession in the market. Surprisingly, the market reacted differently than predicted; a swift rally in altcoins emerged, defying the bearish predictions
The cryptocurrency arena remains abuzz with speculation following the recent activity from a wallet tied to the now-defunct FTX exchange and its affiliated firm, Alameda Research. On September 12, the blockchain surveillance service PeckShield reported that this wallet redeemed a notable 177,693 Solana (SOL) tokens, with a staggering value of around $23.75 million. This transaction
Over the past two weeks, the cryptocurrency market has witnessed an 11% correction in bitcoin’s price, leading to extremely volatile trading conditions. Despite a brief rebound to $58,000, bitcoin still has a long way to go before reaching its all-time high levels. According to on-chain data from Santiment, wallets holding less than 1 BTC have
