The on-chain structured product market in the crypto industry, although currently small in comparison to the overall market, has shown potential for growth as it offers benefits such as transparency, security, accessibility, automation, and liquidity, and may further expand with regulatory approvals and improved technology infrastructure.
Rain Lõhmus, founder of Estonian bank LHV, is unable to access his $472 million worth of ether (ETH) because he lost the private key, highlighting the risk of permanently losing crypto assets.
Senator Elizabeth Warren and her congressional colleagues called for an investigation into Hamas' use of cryptocurrency for illicit financing, citing a figure of $130 million raised by the organization, but it turns out that this number was misinformation, leading to questions about the impact of false information on decision-making.
Former NYSE President Tom Farley's company, Bullish, fintech startup Figure Technologies, and proof Group are in competition to purchase the remnants of FTX, the collapsed cryptocurrency exchange founded by Sam Bankman-Fried, with the winner potentially restarting the exchange in 2023.
Dogecoin (DOGE) price reaches a three-month peak of $0.076, benefitting from increased investment by crypto whale investors and dominant buying momentum in the retail market, potentially leading to a rally towards the $0.1 mark.
Bitcoin has seen a 1.3% increase in the past day, but Sui (SUI) has been the biggest winner with nearly a 12% rise, while Chainlink (LINK) and Polygon (MATIC) have also experienced significant gains; interest in Bitcoin has waned despite recent hype surrounding a potential ETF approval.
Governments worldwide, including the United States, United Kingdom, and Canada, are establishing clear rules for taxing cryptocurrency, with crypto holders needing to understand how losses are taxed and how they can be offset to minimize tax liabilities.
Bitcoin and other cryptocurrencies are surging as positive factors drive up digital assets, with the potential for even greater gains due to the historically tight Bitcoin supply.
The non-profit organization Near Foundation has launched a new "NEAR DA" solution for data availability, aiming to offer a much cheaper alternative to posting data on the Ethereum blockchain, with costs estimated to be 8,000 times lower.
The STORJ price broke out from a long-term resistance level, reaching a high of $0.64, but it has yet to confirm the breakout with a weekly close above this area. If it does, it could reach a high of $0.70 or even $0.91, but a close below $0.50 would invalidate the breakout and lead to a potential 60% drop.
OPNX exchange has obtained a virtual asset service provider license in Lithuania, allowing it to offer spot crypto trading services in the European Union while adhering to high standards of compliance and security.
The Near Foundation has partnered with Polygon Labs to improve interoperability across chains by developing zkWASM, a zero-knowledge prover for WebAssembly (WASM) blockchains, which will simplify the validation process and enhance scalability, allowing chains to access shared liquidity in a unified ecosystem.
Binance releases a self-custody Web3 wallet that competes with TrustWallet, while HSBC plans to launch a custody service for tokenized securities in 2024, and Grayscale's investment product linked to Chainlink's LINK token trades at a 200% premium.
Blockchain-based game Illuvium is set to reach a wider audience of PC and mobile gamers with its listing on the Epic Games Store, aiming to overcome mainstream adoption barriers by removing the need for wallets and offering free gameplay.
Former partners at Polychain Capital, Niraj Pant and Akilesh Potti, have raised $25 million for their startup, Ritual, which aims to create decentralized computing infrastructure to challenge the dominance of big tech companies like Microsoft, Google, and Amazon in the AI industry.
The partnership between Polkadot and Cardano has led to a breakout in the DOT price, reclaiming key support levels and potentially signaling the start of a bullish trend reversal, with a target resistance of $10. However, a weekly close below the $4.40 area would negate this prediction and could lead to a drop to $3.56.
The European Banking Authority (EBA) has proposed new guidelines for stablecoin issuers that include minimum capital and liquidity requirements, aiming to ensure quick redemption and avoid crisis risks.
The United States Commodity Futures Trading Commission (CFTC) reported that approximately 50% of the cases it dealt with in 2023 were related to cryptocurrencies, with enforcement actions resulting in penalties, restitution, and disgorgement of over $4.3 billion.
HSBC Holdings Plc is planning to launch a digital asset custody service for institutional clients in collaboration with Ripple-owned firm Metaco, aiming to meet the growing demand for digital asset storage and tap into the potential $10 trillion market by 2030.
Athena Bitcoin plans to integrate the Lightning Network into 100 of its crypto ATMs in El Salvador in the next few months, allowing for faster transactions and reduced fees.
HSBC plans to launch a digital-assets custody service for institutional clients, focusing on tokenized securities, in partnership with Swiss crypto safekeeping specialist Metaco.
Cardano Foundation CEO Frederick Gregaard embraces the perception that Cardano is "boring" due to its academic approach and emphasis on peer-reviewed research, seeing it as a badge of honor for the network's resilience and adaptability.
Major updates in the cryptocurrency market include the launch of Tokenet, a new crypto lending platform, and the US Deputy Treasury Secretary's call for increased efforts against crypto use by militant groups; in terms of price action, the crypto market cap (TOTALCAP) is nearing the end of a bearish pattern, Bitcoin (BTC) has broken out from an ascending triangle, and the BLUR price has fallen after a rejection from a resistance area.
The market value of cryptocurrencies has doubled to $1.3 trillion this year, leading to a renewed interest in centralized crypto-collateralized finance after the collapse of industry giants BlockFi, Celsius, and others.
The price of Grayscale Chainlink Trust (GLNK) has soared 100% in a week, with the regulated product trading at a 200% premium to spot prices, indicating strong institutional demand for exposure to Chainlink's LINK.
Cryptocurrency exchange Binance has released a Web3 wallet that allows users to interact with the decentralized finance ecosystem, offering features such as asset management and cross-chain transfers, aiming to provide a user-friendly and secure environment while competing with MetaMask and Trust Wallet.
Bitcoin experienced significant price volatility as a "short squeeze" pushed it close to $36,000, with open interest reaching over $15 billion and traders predicting the event in advance.
OpenSea's investor, Coatue Management, has reduced its investment in the nonfungible token (NFT) platform from $120 million to $13 million, indicating a 90% decrease in valuation.
Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom, and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq.
Ripple is collaborating with payments fintech Onafriq to expand remittance capabilities in Africa and other regions by opening three new blockchain-based payments corridors.
Circle, the issuer of USD Coin (USDC), is considering an initial public offering (IPO) in early 2024 after a failed merger, according to Bloomberg sources.
The overall value of the cryptocurrency market reached a 16-month high, driven by a surge in altcoin rally and positive sentiment in traditional markets.
Solana's native coin, SOL, has seen a significant increase in value recently, becoming the biggest winner among major cryptocurrencies, due to its cheaper and faster functionality compared to Ethereum, attracting attention from companies like Visa and Shopify.
Wintermute founder and CEO Evgeny Gaevoy claims that the Near Foundation and Aurora reneged on an offer to convert $11 million worth of USN stablecoins, refusing to redeem them as agreed.
Analysts predict that Ethereum (ETH) is set to surge in the next few months, with a projected price of nearly $2,400, despite a possible brief correction beforehand.
Bitcoin mining companies Marathon Digital, Riot Platforms, and Iris Energy are considered overvalued compared to their competitors based on their enterprise value-to-sales ratio, according to MinerMetrics founder Jaran Mellerud, who expects investors to start looking at other players in the industry with lower valuation ratios.
Crypto investor Layah Heilpern plans to acquire Ethereum (ETH) during the bear market and sell during the bull market, citing its safety, smaller market cap than Bitcoin, and potential for higher returns.
Bitcoin Ordinals transaction volume reached its highest levels since May, with $14.7 million worth of assets traded on Tuesday, fueled by increased trading on OKX and Binance's support for image-based Ordinals.
More than 20 people have reported burning eye pain and vision problems after attending a party for NFT owners in Hong Kong, with organizers investigating potential causes, including UV lights used at the event.
Microsoft has removed a fraudulent Ledger Live app from its store after users lost at least $768,000 worth of cryptocurrency assets, with red flags indicating the fake app in the Microsoft Store.
Robinhood plans to launch crypto trading in the European Union in the coming weeks, despite a 55% decrease in crypto revenue from the previous year, hoping to attract new users in the market.
The U.S. Consumer Financial Protection Bureau is proposing to oversee large nonbank payment providers, including certain subsectors of crypto transactions, to ensure compliance with financial laws, with digital asset transactions included in their definition of "funds."
Bitcoin has been trading within a narrow range, but the gains and increased demand in futures and options suggest a bullish outlook for the cryptocurrency.
The Department of Justice (DOJ) may have the tools to start confiscating cryptocurrency at an unprecedented rate as the Internal Revenue Service (IRS) plans to increase cryptocurrency surveillance through new tax returns, according to a past report in response to Executive Order 14067.
International soccer superstar Lionel Messi has become a co-owner of Krü Esports, joining other soccer players in their involvement in the esports scene.
Elon Musk's Neuralink is developing an implantable vision chip to cure blindness, but the company's previous animal testing has resulted in the deaths of roughly 1,500 animals and severe suffering, prompting calls for an investigation into Musk for securities fraud.
Bitcoin's market demand is outpacing its supply, with 700,000 new addresses joining the network in one day, indicating positive momentum and potential price growth above $40,000, while altcoins, particularly Solana, XRP, and Cardano, are experiencing impressive growth and investor interest.
Bitcoin spiked nearly 3% to $35,500 due to a short squeeze, while solana led altcoin gains, contributing to the widening crypto rally and lifting the total cryptocurrency market cap to $1.3 trillion, its highest since May 2022.
Bitcoin's recent rally to a 2023 high is driven by a decrease in available supply, with smaller entities gobbling up 92% of the newly minted BTC and long-term holders reaching new highs compared to short-term holders.
Daily NFT trading volume reached a three-month high of $19.1 million, driven in part by a large purchase of a CryptoPunks NFT and an increase in sales following a segment on "The Simpsons" that mocked the NFT industry, although the market still lags behind its peak hype period.