Cryptocurrencies appear to have staying power, Federal Reserves Chairman Jerome Powell said in June. Perhaps truer words have never been spoken, as the market value of all cryptocurrencies has doubled to $1.3 trillion this year, recovering from last years crash. More impressive is the renewed interest in centralized crypto-collateralized finance after last years controversial collapse
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Crypto derivatives trading became bigger than ever in March, but its share in the total market activity declined for the sixth consecutive month, according to London-based digital assets data provider CCData. Trading volume in futures and options tied to cryptocurrencies on centralized exchanges rose 86.5% to a record high of $6.18 trillion, translating to three
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Cryptocurrency trading volume cooled in April, registering the first decline in seven months as escalating geopolitical tensions and slower inflows into U.S.-listed spot ETFs weighed over the digital assets market. The cumulative volume in spot and derivatives markets fell by 43.8% to $6.58 trillion, a sharp retracement from Marchs record high of $9.12 trillion, according
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XRP price is up over 5% from the $2.50 support. The price is showing positive signs and might aim for a move above the $2.820 resistance zone. XRP price remained supported above the $2.50 level. It formed a base and started a strong increase above the $2.55 resistance zone, outperforming Bitcoin and Ethereum. The price
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While the Bitcoin price is hovering below the crucial resistance at $96,500, the liquidation heatmap on Binances BTC/USDT pair is sending powerful signals of a potential short squeeze to the upside. Analyst Kevin (@Kev_Capital_TA) shared his insights alongside the attached liquidation heatmap, noting signs of significant liquidity pools forming both above and below Bitcoins current
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The cryptocurrency market is in a freefall state, with numerous altcoins charting painful price declines over the past day and a few hours as well. Bitcoin’s landscape is not that much better even though its dominance is increasing as the asset plunged to a two-week low of under $94,000 minutes ago. Solana’s recent price performance
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The race to launch another crypto-based exchange-traded fund in the US continues in full force and XRP has reached another milestone as Bitwise’s filing has been officially acknowledged by the SEC. The 19b-4 filing, published in the Federal Register, means that the agency’s approval process has begun, while the interested parties have 21 days to
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Binance co-founder Changpeng Zhao (CZ) has denied speculation that the cryptocurrency exchange is up for sale. The former CEO has dismissed the claims as misinformation spread by competitors. Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale, Zhao stated on February 17 in a post on X. As a shareholder, Binance is
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Ben Chow, co-founder of DeFi and meme coin platform Meteora, resigned on Monday after being accused of financial misconduct and insider trading tied to the controversial LIBRA meme coin. This development came after growing concerns over his involvement in the project. Meow, the pseudonymous co-founder of Jupiter, a decentralized exchange on Solana, as well as
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Solanas SOL has rallied over 50% in two weeks, with Nasdaq-listed digital assets exchange Coinbase (COIN) proving to be a significant source of bullish pressures for the cryptocurrency, according to data tracked by Paris-based Kaiko. Since Oct. 25, SOLs cumulative volume delta (CVD) has increased by nearly $1 million on Coinbase, indicating net capital inflows.
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