Category Archive: Cryptocurrency, No picture
DEX trading volume rises 15.7% in Q2, CEX activity drops
Key Takeaways DEX trading volume grew 15.7% in Q2 2024, while CEX volume dropped 12.2%. Uniswap maintained 48% DEX market share, while Binance held 45% of CEX market. Decentralized exchanges (DEXs) saw a 15.7% quarter-on-quarter increase in spot trading volume, reaching $370.7 billion in Q2 2024. This growth contrasts with centralized exchanges (CEXs), which experienced […]
BREAKING: LI.FI hit with an exploit, nearly $10 million drained so far
Key Takeaways Li.fi protocol exploit has drained nearly $10 million, affecting users with infinite approvals. Experts suspect a call injection attack, urging users to revoke approvals immediately. Interoperability protocol Li.fi cautioned users not to interact with any applications using their infrastructure, as they are investigating a possible exploit underway. Only users that have manually set […]
25% of US investors see crypto as a key asset in their portfolio
Key Takeaways 25% of Americans consider crypto a key component of their ideal investment portfolio. Gen Z indicates the highest ideal savings amount at $160,000, compared to $135,000 for Baby Boomers. One in four Americans views crypto as a key component of their ideal investment portfolio, according to a new study by Clarify Capital titled […]
Mt. Gox wallet makes small Bitcoin move, Bitcoin declines slightly
Key Takeaways A Mt. Gox wallet sent a small amount of Bitcoin to an unknown address on Tuesday. The wallet still holds over $8.8 billion in Bitcoin. A wallet linked to the defunct exchange Mt. Gox transferred 0.021 Bitcoin (BTC), worth around $1,300, to an unidentified address earlier today, according to data from Arkham Intelligence. […]
‘Asia’s MicroStrategy’ Metaplanet announces new Bitcoin purchase, boosts holdings to $14.5 million
Key Takeaways Metaplanet acquired $1.4 million worth of Bitcoin. This is Metaplanet’s sixth Bitcoin purchase in the last four months. Metaplanet, the Japanese public company often compared to MicroStrategy, has purchased 21.88 Bitcoin (BTC), worth 200 million Japanese Yen ($1.4 million), the company shared in a Monday post. The latest acquisition brings its total BTC […]
Bitcoin set for new all-time high in 2024 as worst correction ends, experts say
Key Takeaways Bitcoin rebounded 12% to $63,585 after a 25.2% correction lasting 42 days. Experts predict a new Bitcoin all-time high in 2024, possibly before summer ends. Bitcoin (BTC) regained momentum during the weekend and started climbing from the $56,000 price zone to the current $63,585.22, after a nearly 12% increase during this period. Along […]
Ethereum ETFs to launch July 23, Bloomberg analyst says
Key Takeaways Ethereum ETFs are scheduled to begin trading on July 23, as reported by Bloomberg analyst. Bitwise CIO projects $15 billion in inflows for Ethereum ETFs by the end of 2025. The starting date for spot Ethereum exchange-traded fund (ETF) trading in the US is July 23rd, according to Bloomberg ETF analyst Eric Balchunas. […]
Solana Name Service unveils major rebrand: A new era for .sol domains
The Solana Name Service (SNS), formerly known as Bonfida, has embarked on a new chapter with a strategic rebrand aimed at redefining digital identities on the Solana blockchain. This transition marks a significant shift in decentralized identity management and highlights the project’s growing influence in the Web3 space.Launched three years ago by a team of […]
PolitiFi tokens surge in popularity as US elections approach; Trump meme coins see higher returns
Key Takeaways MAGA token surged 51% after Trump’s shooting, reflecting increased crypto speculation on US elections. VanEck’s SOL ETF filing is viewed as a bet on the presidential election outcome. Crypto traders are increasingly using PolitiFi tokens to speculate on the US presidential campaign, with tokens linked to former president Donald Trump seeing significant price […]
“Bitcoin is a legitimate financial instrument,” says BlackRock CEO
Key Takeaways BlackRock CEO Larry Fink has shifted from a Bitcoin skeptic to a believer, calling it a legitimate financial instrument. BlackRock’s BUIDL fund has tokenized over $524 million in US Treasuries using the Ethereum blockchain. During his participation on CNBC’s Squawk On The Street, BlackRock’s CEO Larry Fink recognized his role as a previous […]
