Binance’s US-based exchange, Binance.US, has experienced a significant decline in its share of trading volume among USD-to-crypto trading exchanges. The decline in market share is visible in data analyzed by The Block, which shows that the exchange now holds a market share of just 4.35%, a significant decrease from over 16% in April. This market
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Solana (SOL) has shown a steady increase in price, indicating a notable recovery. Currently trading at $15.82, SOL has risen 22.6% from its recent low of $12.80. This upward movement is significant as it has successfully mounted the Fibonacci retracement level of Fib 0.618 at $15.33. SOL’s 20-day exponential moving average (EMA) currently stands at
On June 15, the total market capitalization of cryptocurrencies fell to its lowest level in three months, reaching $1.02 trillion. The past few weeks have seen a bearish trend fueled by regulatory uncertainty. While Bitcoin (BTC) and BNB (BNB) saw gains of 2.5%, XRP (XRP) dropped 5.2%, and Ether (ETH) traded down 0.7%. The 10-week-long
The 4Chan Coin has experienced an incredible surge, rising by 29% in the past 24 hours, with a current price of $0.000000000000179428. This represents a massive 1,300% gain in the last 30 days and an even more impressive 25,000% increase since the meme token launched. This surge has taken place amid the ongoing Reddit blackout,
According to analytics firm Glassnode, Bitcoin (BTC) is expected to face a period of “boredom” lasting up to one-and-a-half years as the bull market gathers momentum. In its latest weekly newsletter, “The Week On-Chain”, the firm predicted an “arduous” time for BTC holders as the cryptocurrency struggles to hold its ground, despite gaining 70% in
Coinbase has accused the Securities Exchange Commission (SEC) of avoiding its rulemaking petition as part of the ongoing legal case against the regulator. In April, the exchange sued the agency for failing to respond to its request for regulatory guidance for the digital asset industry. Coinbase had asked the SEC to issue regulatory guidelines by
ARK Invest CEO and Chief Investment Officer Cathie Wood has revealed that her flagship fund, Ark Innovation (ARKK), is adding to its position in Coinbase (COIN) despite the Securities and Exchange Commission (SEC) lawsuit against Binance, one of Coinbase’s biggest competitors. According to disclosure statements, ARKK purchased almost 330,000 shares of COIN on June 6,
Bitcoin has gained 6.5% after defending the $26,300 level following a momentary retest of the $25,000 support on June 15. However, the cryptocurrency has declined by 12.7% in the last two months, leading to a slightly bearish sentiment among investors. The dismissal of Binance.US’s temporary restraining order by Judge Amy Berman Jackson of the United
The Bank of England (BoE) and the Bank for International Settlements (BIS) Innovation Hub have conducted a trial named Project Rosalind to explore the potential of central bank digital currencies (CBDCs) for introducing “programmability” to money. The trial has highlighted that CBDCs could offer central banks and governments multiple new tools that they did not
The cryptocurrency market is ever-evolving, with new digital coins entering the market every day. DEXTools, a decentralized exchange tool, has compiled a list of the top trending cryptocurrencies on its platform. The list includes 4Chan, Unleash, Planet, AiDoge, and Scam. Trending Cryptocurrencies 4Chan, a token listed on Uniswap on May 1st, is the most trending