MarketsThe Bitcoin market woke up to a turbulent day on Tuesday. The cryptocurrency, which hovered above $70,000 on Monday, gained about 1.2% in early Asian hours. Behind this sudden decline lies a development that shook the cryptocurrency market: Mt., which was once the largest Bitcoin exchange in the world. Transfer of approximately 107,000 Bitcoins from Gox wallets to an unknown address. Although the purpose of these transfers is not yet clear, market participants are eagerly waiting to see what impact this situation will have on the Bitcoin price.
May 28, 2024MarketsThe last two months have not been an exciting investment journey for Binance Coin (BNB) investors. Price action is stuck between $520 and $640, and neither the bullish (bulls) nor the bearish (bears) side has managed to breach this range.
May 27, 2024MarketsPolygon (MATIC) is preparing for an uptrend as the number of whale addresses holding the leading Layer 2 (L2) token begins to increase. This development creates a positive outlook for the MATIC market from both technical and fundamental perspectives.
May 27, 2024MarketsThe repercussions of the U.S. Securities and Exchange Commission (SEC)'s approval of spot Ethereum ETFs last week have reached South Korea. This approval increased pressure on South Korea's financial regulators to approve similar cryptocurrency investment funds (ETFs).
May 27, 2024MarketsFRIEND, the native token of Web3 social network Friend.tech, has experienced a significant drop in value. The drop comes after one of the protocol's co-founders, who goes by the pseudonym Racer, expressed his intention to leave Base, the Ethereum Layer-2 network developed by Coinbase, which hosts the project.
May 27, 2024MarketsScammers targeted popular crypto influencers on platform X under the ticker GCR late Sunday night. In the compromised account, he shared a post predicting the price of the ORDI token, causing short-term price increases.
May 27, 2024MarketsAptos, a layer-1 blockchain platform developed by former employees of Facebook, has set a new record in blockchain transactions. On May 25, Aptos surpassed Solana by recording a staggering 115.4 million transactions in a single day, significantly surpassing Solana's 31.7 million, according to Aptoscan. The increase in transaction volume not only broke previous records, but also exceeded Sui Network's L1 record of over 65 million by an impressive over 50%.
May 27, 2024MarketsGeoffrey Kendrick, Head of Forex and Digital Assets Research at Standard Chartered Bank, predicts that cryptocurrency ETFs for Solana and XRP could be approved by 2025, following the recent approval of Ethereum spot ETFs by the SEC.
May 27, 2024MarketsMicroStrategy CEO Michael Saylor introduced himself as a Bitcoin (BTC) "optimist" on the latest episode of Peter McCormack's YouTube show "What Bitcoin Did." Saylor also publicly warned against any moves that could impede the progress of the flagship cryptocurrency. “Bitcoin will be successful,” Saylor said. "He achieves it as quickly as possible and we must avoid the temptation to play with him."
May 27, 2024MarketsMalaysian authorities have busted a foreign exchange investment fraud and cryptocurrency ring operating in the country.
May 24, 2024MarketsAlgorand Foundation is on the agenda with its new advertisement, which humorously refers to two of the biggest obstacles to the integration of cryptocurrencies into daily life: speed and transaction fees. The ad, published on May 23, makes its claim clearly with its slogan: "When blockchain meets the real world, there is only one winner."
May 24, 2024MarketsKabosu, a Shiba Inu breed who was one of the most popular figures on the internet, passed away on May 24 at the age of 17. The death of Kabosu, who became the symbol of "Doge" memes and the Dogecoin cryptocurrency, deeply saddened his fans all over the world.
May 24, 2024MarketsWorldcoin is a crypto project that aims to prepare humanity for this era as the age of artificial intelligence appears on the horizon. The focus of the project is to ensure this readiness by raising privacy standards. It is aimed to keep privacy at the highest level with strategies such as data minimization, users having full control over their own data, personal storage, iris code deletion and secure multi-party calculation.
May 24, 2024MarketsThe cryptocurrency market has fun and sometimes surprising elements as well as projects that need to be taken seriously. Meme coins are cryptocurrencies that represent the fun side of this market, often based on internet jokes or pop culture references. Most of these meme coins are short-lived and associated with speculative trading activities. But recently, an unexpectedly rising meme coin has caught the attention of the cryptocurrency market: CorgiAI.
May 23, 2024MarketsThe Taker Call-Ask Ratio is a valuable data point that reflects the general trend of market participants. A ratio below 1 indicates that sellers are more dominant in the market, while a ratio above 1 indicates that buyers are more active. If investors set their own orders in the market, they are called "Makers". However, if they want to quickly buy or sell from existing orders in the market, they fall into the "Taker" category. Therefore, the Taker Call and Ask Ratio reflects the behavior of investors trying to capture the momentum in the market.
May 23, 2024MarketsThe cryptocurrency market has been experiencing significant fluctuations along with exciting developments recently. During this period, Ethereum (ETH), the second most valuable cryptocurrency after Bitcoin, is also closely followed. The possibility of spot Ethereum ETFs (exchange-traded funds) being approved in the US has increased activity in the market.
May 23, 2024MarketsThe cryptocurrency market has been witnessing both exciting developments and sudden fluctuations lately. Behind these fluctuations may be investor psychology as well as attempts to manipulate the market.
May 23, 2024MarketsWhile the cryptocurrency market has been going through active days lately, this activity has started to make leaps into traditional financial markets as well. Metaplanet, an investment company operating in Japan, has been surprising both the cryptocurrency world and the traditional finance industry with its Bitcoin investment strategy in recent weeks.
May 23, 2024 