News - Optimisus

The U.S. Securities and Exchange Commission (SEC) has taken another step in the ongoing legal battle against Ripple Labs.

2 weeks ago 2 mins read

SEC Seeks Appeal After Ripple Court Ruling

The U.S. Securities and Exchange Commission (SEC) has taken another step in the ongoing legal battle against Ripple Labs. Last Friday, the SEC filed a request with the Southern District of New York, urging the court to reconsider its previous ruling on the agency’s lawsuit against Ripple. The SEC’s filing emphasizes the intricate legal issues surrounding the case, referring to them as “knotty legal problems.” This move comes after a summary judgment in July by Judge Analisa Torres, which determined that Ripple’s sales of its digital asset, XRP, to institutional investors violated securities laws. However, sales of XRP on public

the price of Solana (SOL) has experienced a significant drop of more than 6% amid FTX selloff.

2 weeks ago 2 mins read

Solana Takes a 6% Tumble Amidst Fears of FTX Selling

Over the last 24 hours, the price of Solana (SOL) has experienced a significant drop of more than 6%. This decline has sparked concerns within the cryptocurrency community, as fears circulate that the troubled crypto exchange FTX may be preparing to liquidate a substantial portion of its holdings, including various Solana-affiliated crypto assets. Data from Solscan reveals that FTX’s estate holds an impressive $1.5 billion in crypto assets on the Solana network. Within this substantial figure, Solana tokens themselves account for only $128 million. The remainder is comprised of a variety of Solana-based altcoins, often referred to humorously as “Sam

Most Shiba Inu and Crypto Investors Facing Losses

2 weeks ago 1 min read

Over 80% of Shiba Inu Investors Underwater

The crypto market, known for its volatility and potential for rapid gains, is currently presenting a challenging landscape for investors. Recent data from IntoTheBlock has shed light on the difficulties faced by Shiba Inu (SHIB) and its competitors. Let’s dive into the numbers and explore the current state of these digital assets. Despite the buzz surrounding the launch of Shibarium just last month, Shiba Inu (SHIB) investors find themselves in a tough spot. 83% of SHIB investors are currently facing losses. This is a significant figure, considering the excitement generated by Shibarium’s introduction. At the time of writing, SHIB was

Bitcoin (BTC) has recently seen a noteworthy surge, climbing over 2% in price

2 weeks ago 1 min read

Bitcoin Price Soars: Reaches $26,000 in Surge

Bitcoin (BTC) has recently seen a noteworthy surge, climbing over 2% in price—a development that marks a significant uptick after a period of relative stability. This uptrend has quietly impacted the broader landscape of exchange activity. But what does the overall supply trend on exchanges reveal over the past few weeks? On September 7th, Bitcoin displayed an upward trajectory when examined on a daily chart, closing with a price increase of more than 2% and reaching above the $26,000 mark. This event is notable because, aside from a price surge of more than 6% observed on August 29th, it had

2 weeks ago 1 min read

JPMorgan Explores Blockchain-Powered Deposit Token for Faster International Payments

JPMorgan Chase & Co., the largest bank in the United States, is reportedly contemplating the launch of a novel digital currency. This digital currency aims to expedite cross-border financial transactions. While the project is still in its early stages, insiders with knowledge of the matter, who chose to remain anonymous, revealed that JPMorgan is exploring the concept of a blockchain-based deposit token. This token would serve as a transferable digital currency, representing a deposit claim against the bank. It’s worth noting that JPMorgan has already laid much of the groundwork required to implement this innovative payment system. However, the bank

An individual appears to have suffered a substantial loss of $24 million in cryptocurrencies,

2 weeks ago 1 min read

Crypto Investor Falls Victim to $24 Million Phishing Scam

An individual appears to have suffered a substantial loss of $24 million in cryptocurrencies, and evidence suggests that a phishing attack was the likely cause of this devastating financial blow. The stolen assets, in this case, consist of liquid staking derivatives, specifically 4,851 Rocket Pool ETH (rETH) valued at around $8.5 million, and 9,579 Lido Staked ETH, worth around $15.6 million. This incident now stands as one of the largest individual cryptocurrency phishing attacks on record. Multiple cybersecurity firms have weighed in on the incident, pointing to a phishing tactic as the likely modus operandi. According to these experts, the

2 weeks ago 1 min read

Bitcoin HODLer Dominance Reaches New High

Recent on-chain data has revealed a notable divergence between Bitcoin’s long-term holders (LTHs) and short-term holders (STHs), reaching unprecedented levels. This divergence underscores the varying strategies and behaviors of different segments of the cryptocurrency market. In an analysis shared on X, an analyst highlighted the widening gap between two significant cohorts in the Bitcoin market: short-term holders (STHs) and long-term holders (LTHs). Understanding these distinctions is crucial for gaining insights into market dynamics. Short-term holders, or STHs, are investors who acquired their Bitcoin holdings within the past 155 days. On the other hand, long-term holders, or LTHs, consist of individuals

Binance will cease trading activities of AUDIO/BUSD

2 weeks ago 1 min read

Binance to Remove These Cryptocurrencies from Its Platform Starting September 8

Binance has decided to delist several spot trading pairs. This decision follows a routine assessment of all spot trading pairs, with a focus on factors such as liquidity and trading volume. Starting September 8, 2023, Binance will cease trading activities for a range of spot trading pairs. The initial list of removals includes trading pairs like AUDIO/BUSD, BAT/BUSD, BSW/BUSD, CITY/BUSD, CVX/BUSD, FORTH/BUSD, JUV/BUSD, and MOB/BUSD. Following this initial phase, the removal process will continue with OGN/BUSD, OMG/BUSD, PLA/BUSD, POLS/BUSD, REI/BUSD, RSR/BUSD, SCRT/BUSD, and TVK/BUSD. Lastly, ADA/BIDR, MATIC/BIDR, UTK/BUSD, and ZIL/BIDR will also be discontinued. It’s important to note that while

Crypto Visionary Arthur Hayes Foresees Bitcoin Bull Run

2 weeks ago 1 min read

Bitcoin Bull Run Predicted by Co-founder Arthur Hayes

Arthur Hayes, the co-founder and former CEO of BitMEX, has shared his outlook on the future of Bitcoin, suggesting that a bull run is already in progress and will become more pronounced in the coming 6–12 months. Speaking at Korea Blockchain Week, Hayes delved into his predictions for the Bitcoin market. Hayes, well-known for his involvement in the cryptocurrency space, anticipates a significant uptrend in the price of Bitcoin. He believes that while the bull run has technically started, its effects will become more conspicuous over the next half-year to a year. This projection aligns with the broader sentiment among

A crypto whale recently executed a massive sell-off, parting with a staggering 1.5 trillion tokens of the meme-inspired cryptocurrency PEPE.

2 weeks ago 1 min read

Whale Sells PEPE Tokens Worth $1.2 Million, Faces $242,000 Loss

A crypto whale recently executed a massive sell-off, parting with a staggering 1.5 trillion tokens of the meme-inspired cryptocurrency PEPE. This monumental sale, valued at around $1.2 million, took place on the renowned cryptocurrency exchange Binance. However, the outcome wasn’t as profitable as one might expect, as it resulted in a substantial net loss of $242,000. Data sourced from cryptocurrency analytics firm Lookonchain reveals that the whale initiated this move across three separate transactions. Interestingly, the whale acquired these tokens on August 24, depositing them into their wallet after a withdrawal of 1.5 trillion PEPE tokens, valued at $1.45 million

ARK Invest has officially submitted its application for an Ethereum Spot ETF to the U.S. Securities and Exchange Commission (SEC).

2 weeks ago 1 min read

ARK Invest Files for Ethereum ETF

ARK Invest has officially submitted its application for an Ethereum Spot ETF to the U.S. Securities and Exchange Commission (SEC). To bring this ETF to fruition, ARK Invest has joined forces with 21Shares, a well-established ETF provider with a strong track record in the industry. Together, they are set to launch the ARK 21Shares Ethereum ETF, a product designed to closely mirror the performance of Ethereum’s native cryptocurrency, ETH. So, what exactly sets this ETF apart? The ARK 21Shares Ethereum ETF aims to track ETH’s performance by utilizing the CME CF Ether-Dollar Reference Rate—New York Variant. This index is a

Binance.US exchange has revealed that it will remove OMG Network (OMG) from its platform on September 12

2 weeks ago 1 min read

Binance US to Remove OMG Network (OMG) Token from Platform

Binance.US, the US arm of Binance, the global cryptocurrency exchange, has revealed that it will remove OMG Network (OMG) from its platform on September 12, 2023. This decision came after Binance.US conducted a review of all digital assets listed on its platform. They considered several factors like the token’s risk, regulatory status, developer activity, network stability, community involvement, and ethical behavior. Binance.US concluded that OMG no longer meets its standards and decided to delist it to ensure a healthy crypto ecosystem. As a result, the price of OMG experienced a sudden drop. OMG holders on Binance.US can deposit their tokens