Author: Max Bauer
DeFiLlama data indicates that the Solana chain has outpaced Ethereum in DEX transaction volume over the past week. Solana’s DEX transaction volume reached $12.006 billion, surpassing Ethereum’s $11.648 billion. Weekly DEX Performance
As August arrives, data from Santiment reveals that traders’ bullish sentiment towards major cryptocurrencies remains robust. Notably, several leading digital assets are experiencing heightened investor optimism and significant price movements. Bitcoin (BTC) Bitcoin (BTC) is witnessing the most bullish sentiment it has seen in 17 months. Ripple (XRP) Ripple (XRP) has seen its price surge by 29% over the past 30 days. This impressive performance is accompanied by the highest bullish sentiment in 14 months. Solana (SOL) Solana (SOL) continues to attract positive sentiment from traders, particularly after outperforming other altcoins in July. Ethereum (ETH) Ethereum (ETH) remains a favorite…
Changpeng Zhao (CZ), who has not been active on any social media platform since May 22, interestingly started following a Solana-themed news account. The development was reported by Big Crypto Alert, which tracks the social media activity of key figures in the cryptocurrency market. The news account that CZ follows does not seem to have any unusual features. With only 14,000 followers, it could even be considered a small account. On the other hand, CZ, who is currently in prison in the US, of course does not have access to any phone. Instead, he may have handed over his X…
A recent survey conducted in India highlights the significant influence of high cryptocurrency taxes and stringent anti-money laundering (AML) regulations on investors. The findings indicate a shift in investor preferences towards equity investments due to the current regulatory environment. The survey revealed that 58% of investors have a clear understanding of cryptocurrency tax regulations, while 52% are well-versed in AML regulations. Despite this awareness, the stringent regulations have steered many investors away from cryptocurrencies and towards more traditional equity investments. The Esya Centre, a prominent technology policy think tank, has weighed in on the issue. They have suggested that the…
Hong Kong-based family office Avenir Capital has significantly bolstered its cryptocurrency holdings, purchasing $383 million worth of Bitcoin spot exchange-traded funds (ETFs) in the second quarter of 2024. According to Trader T, Avenir Capital acquired substantial positions in two prominent Bitcoin ETFs: BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC). This significant investment aligns with broader trends in traditional finance as major institutions increasingly embrace digital assets. The move follows recent developments at Morgan Stanley, which is now empowering its wealth advisors to actively pitch these Bitcoin ETFs to eligible clients. As reported by CNBC, Morgan…
France has become the first major European Union economy to open its doors for applications for crypto asset services provider (CASP) licenses under the new Markets in Crypto Assets (MiCA) regulations. The Autorité des Marchés Financiers (AMF) announced on July 1 that it is now accepting applications, ahead of the wider implementation of MiCA provisions set for December 30 this year. In a statement posted on its website, the AMF outlined ten key aspects of the new legislation that will come into effect, including the responsibilities for custody and administration of crypto-assets on behalf of clients, as well as the…
In a strongly worded post on social media platform X, U.S. Senator Elizabeth Warren has urged Federal Reserve Chairman Jerome Powell to cut interest rates “now,” citing urgent concerns over the nation’s economic health. Warren’s post reads: “Federal Reserve Chairman Powell did not cut interest rates, which is a serious mistake. He has been repeatedly warned that waiting too long could put the economy in trouble. The employment data is flashing red lights. Powell needs to cancel the summer vacation and cut interest rates immediately – instead of waiting for 6 weeks.” Senator Warren’s message underscores her growing frustration with…
Cryptocurrency exchange Coinbase announced that it plans to list the Gravity (G) token, adding it to its listing roadmap. Although Coinbase does not guarantee a listing for the altcoins on the roadmap, so far there has not been a cryptocurrency on this roadmap that has not been listed. On the other hand, other recently added altcoins continue to be on the roadmap. These are QCAD (QCAD) and Stader (SD).
The cross-chain interoperability platform Wormhole is set to unlock 6% of its W tokens on August 3, 2024. After this, a total of 17% of tokens will be unlocked. The Wormhole Foundation will retain these tokens, designating them solely for future community-related projects. Following the unlocking, the distribution of W tokens will be as follows: This brings the total unlocking ratio to approximately 25.78%. According to the token economics roadmap, the next unlocking for strategic network participants, core contributors, guardian nodes, and ecosystem tokens is scheduled for April 3, 2025.
As the US election approaches in November, a YouHodler analyst has highlighted potential repercussions for the cryptocurrency market. Ruslan Lienkha, a senior analyst at the online exchange YouHodler, has suggested that an increase in Kamala Harris’ chances of defeating the pro-cryptocurrency incumbent, Donald Trump, could negatively affect Bitcoin’s price. Lienkha’s analysis indicates that a Harris victory would be bearish for Bitcoin, primarily because the regulatory environment is unlikely to change significantly. Cryptocurrency investors are closely monitoring Harris’ growing odds on various online prediction markets, perceiving a potential win by the current vice president as detrimental to the largest digital asset…