Browsing:Crypto News

SEC appears to embrace the approval of products tied to Ethereum futures contracts
9 months ago 1 min read

Ethereum Futures ETF Receives SEC’s Anticipated Approval

The U.S. Securities and Exchange Commission (SEC) appears to embrace the approval of products tied to Ethereum futures contracts, as reported by Bloomberg. Individuals familiar with the matter suggest that the regulatory body is unlikely to impede the path of these innovative investment offerings, signaling a positive stride for the cryptocurrency and financial markets. The report highlights that the SEC’s stance bodes well for the potential approval of Ethereum futures exchange-traded funds (ETFs). While the specific funds in question have not been officially disclosed, sources indicate that several candidates could garner SEC approval as early as October. This development could

Bitcoin's Dive to $26.1k Initiates Substantial Reset in Crypto Market Landscape
9 months ago 1 min read

Bitcoin’s Sharp Decline to $25k Before Bouncing Back to $26k

The recent sharp decline of Bitcoin, plummeting to $26.1k, has reverberated through the cryptocurrency market, unleashing a significant liquidation event that is reshaping market dynamics. This profound shift is evident in the alterations to Bitcoin’s perpetual funding rate and open interest, both of which have undergone notable transformations. The perpetual funding rate, a pivotal mechanism utilized by exchanges for perpetual futures contracts, has undergone a remarkable shift. Traditionally, long positions pay short positions during positive phases. However, the recent market turbulence has seen this rate tumble into negative territory. This reversal entails short positions periodically paying long positions, serving as

SHIB Sees 9% Decrease Amidst Shibarium Bridge Challenges
9 months ago 2 mins read

SHIB Faces 9% Decline as Shibarium Bridge Encounters Troubles

In a significant turn of events, Shiba Inu (SHIB) tokens have encountered a 9% decline over the past 24 hours, attributed to reported bridging issues stemming from the highly anticipated launch of the Shibarium network. The network’s debut, heralded with great excitement, was marred by transaction stalls and operational setbacks, casting a shadow over the much-anticipated ecosystem. Blockchain data has revealed that transactions within the Shibarium network came to an abrupt halt, persisting for a span of at least five hours. During this period, users encountered difficulties transferring a substantial sum of assets, including 954 ether (ETH) valued at $1.7

Shiba Inu's Cutting-Edge Shibarium Tier 2 Solution Goes Live
9 months ago 1 min read

Shiba Inu’s Shibarium Tier 2 Solution Officially Launches

Shiba Inu (SHIB), the cryptocurrency that once captured attention as a memecoin, has taken a significant step forward in its evolution. The project has introduced Shibarium, a layer-2 blockchain network built atop Ethereum that operates using SHIB tokens as transaction fees. This groundbreaking move demonstrates Shiba Inu’s ambition to transcend its memecoin origins and provide enhanced utility and value to its token holders. The launch of Shibarium marks a pivotal moment in Shiba Inu’s journey, as it aims to expand its horizons beyond the realm of memecoins. The layer-2 network is designed to bring added functionalities and benefits to the

Coinbase has received official authorization from the US NFA to introduce Bitcoin and Ethereum futures trading
9 months ago 1 min read

Coinbase Receives Authorization for Bitcoin and Ethereum Futures Trading Across the US

Coinbase, a leading cryptocurrency exchange, has received official authorization from the US National Futures Association (NFA) to introduce Bitcoin and Ethereum futures trading within the country. Designated by the Commodities and Futures Trading, the NFA’s approval marks a historic milestone, positioning Coinbase as the first platform to offer such derivatives to US customers. This pivotal move by Coinbase signifies a significant stride towards enabling broader participation in the crypto market. The newly acquired authorization effectively opens doors for access to regulated derivatives products, liberating US citizens from their previous exclusion from crypto futures trading. Described by Coinbase as a “watershed

SEI Token Skyrockets Over 3,000% on Exchange Debut
9 months ago 1 min read

SEI Token Soars Over 3,000%

Sei Labs, a tech firm dedicated to building solutions for the open-source layer 1 Sei blockchain, has made waves in the crypto realm with its recent announcement. On August 15, the company unveiled the beta phase mainnet for Sei, a blockchain renowned for its remarkable speed and efficiency. This milestone comes on the heels of Sei’s testnet alpha phase, during which it amassed an impressive 400 million transactions and created 7.5 million unique testnet crypto wallets. To mark the occasion, Sei also introduced its native token SEI, which enjoyed a spectacular debut by surging nearly 3,100% within a mere 24

RocketSwap a DEX paltform fell victim to a devastating hack that resulted in the theft of 471 ETH
9 months ago 2 mins read

RocketSwap a DEX platform fell victim to a hack that resulted in the theft of 471 ETH

RocketSwap, a decentralized exchange (DEX) operating on the Base Layer 2 network, recently fell victim to a hack that resulted in the theft of 471 ETH, equivalent to a staggering $870,000. The breach shed light on security vulnerabilities within the DEX, leading to a subsequent memecoin creation that caught the attention of both the crypto community and the wider public. The hack, which shook the crypto landscape, was traced back to a series of security lapses within RocketSwap. Among the identified vulnerabilities were the DEX’s utilization of offline signatures during the launchpad deployment and the controversial decision to store private

DOGE Tokens Awaken from 9-Year Slumber: Ancient Whales Move 7 Billion
9 months ago 1 min read

DOGE Tokens Awaken from 9-Year Sleep: Ancient Whales Move 7 Billion DOGE

The Dogecoin (DOGE) community witnessed the reawakening of four ancient whales that had remained inactive for over nine years. Beginning this year, these long-dormant whales have orchestrated significant movements, transferring a total of 6.8 million DOGE, valued at approximately $557,157 based on Dogecoin’s prevailing prices during their activity. The resurgence of these four ancient Dogecoin whales, which remained dormant for nearly a decade, has sparked intrigue within the cryptocurrency community. Each of these whales had been inactive for over nine years before making their recent transactions, hinting at a noteworthy change in the cryptocurrency landscape. The recorded transactions paint a

Hedera (HBAR) Price Soars Above $0.065 Amidst Key Partnerships and FedNow Support
9 months ago 2 mins read

Hedera (HBAR) Rockets as FedNow Integration Boosts Price

Hedera (HBAR) stole the spotlight on Monday morning as its price surged past the $0.075 mark, firmly establishing itself as a leader among the top 100 coins by market cap. This surge in value was accompanied by an astonishing 1,290% surge in its 24-hour trading volume, reflecting a significant increase in buying pressure. The HBAR token’s market dynamics have been driven by recent partnerships and adoption efforts, propelling it to a prominent position within the cryptocurrency landscape. CoinMarketCap’s data spotlighted Hedera’s meteoric rise, showcasing its ascent above the $0.075 threshold during the early hours of Monday morning (ET hours). The

Shiba Inu's Shibarium Layer 2
9 months ago 1 min read

Shiba Inu’s Shibarium Gains Bullish Momentum: Will This Send SHIB Price to the Moon?

The Shiba Inu community is abuzz with anticipation as Lucie, the Chief Marketing Strategist for Shiba Inu, takes to Twitter to unveil pivotal details about the imminent launch of Shibarium’s Layer 2 solution. This announcement has sent ripples of excitement through the Shiba Inu ecosystem, promising transformative enhancements that are set to reshape the blockchain experience for its users. Lucie’s Twitter thread on a Sunday morning served as a revelation, casting a spotlight on Shibarium’s Layer 2 and its game-changing attributes. This innovative solution is poised to redefine the Shiba Inu blockchain experience by introducing features like ultra-low transaction fees,

$XRP AUM Skyrockets 127% YTD with Institutional Inflows
9 months ago 2 mins read

$XRP’s AUM Rockets Up by 127% YTD, Garnering Significant Institutional Attention

Cryptocurrency investment products centered around the native token of the XRP Ledger, XRP, have witnessed an impressive surge in assets under management (AUM) by 127% in the current year. A recent milestone marked their sixteenth consecutive week of inflows, with a substantial $500,000 invested in these products. The dynamics behind this growth, including regulatory advancements and evolving market trends, are positioning XRP investment offerings in a promising light. According to the latest Digital Asset Fund Flows Weekly report by CoinShares, the substantial rise in AUM accounts for 12% of the total assets managed by these cryptocurrency investment products. The growing

A staggering 478 billion Shiba Inu (SHIB) tokens are making waves on the network
9 months ago 2 mins read

Almost 500 Billion Shiba Inu (SHIB) Tokens Transfer to Coinbase Exchange

A staggering 478 billion Shiba Inu (SHIB) tokens are making waves on the network, poised to make a significant entry into the renowned crypto exchange, Coinbase. This intriguing saga unfolds with the emergence of an anonymous whale whose strategic maneuvers have captivated the crypto community’s attention. The enigmatic journey commences with an unidentified whale residing at the address 0x37826510484bAe7E797B910f62094F95c263Fc35. This shadowy figure shrouded in mystery, embarked on a meticulous journey to amass SHIB tokens in various quantities, ranging from modest batches to substantial hoards. The sheer scale of this accumulation ignited curiosity within crypto circles, setting the stage for what

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