Ethereum (ETH) is currently in a state of consolidation, having grappled with a lack of clear direction over the past week. Trading within a narrow band between $2,650 and $2,750, the cryptocurrency market is increasingly characterized by uncertainty. Investors are finding themselves in a pivotal moment as ETH struggles to regain momentum and overcome previous
Citadel Securities, a prominent player in traditional financial markets, is eyeing expansion into the realm of cryptocurrency market making. Reports from Bloomberg News on February 24 revealed that the firm aims to enhance liquidity on major cryptocurrency exchanges including Coinbase, Binance, and Crypto.com. This strategic pivot indicates Citadel’s intention to engage more actively in the
In recent times, a coalition of prominent financial industry organizations has stepped forward to advocate for a transformative shift in the regulatory landscape governing digital assets in the United States. Their collective message is clear: the current restrictions imposed by federal agencies obstruct the potential for American banks to innovate and compete in the rapidly
In an astonishing development within the blockchain world, Berachain, an EVM-identical Layer 1 blockchain, has recently achieved a striking milestone shortly after its Mainnet launch. In just 20 days, Berachain managed to eclipse established blockchains like SUI, Avalanche, and Arbitrum in terms of Total Value Locked (TVL), peaking at an impressive $3.27 billion. Though it
In a significant setback for the burgeoning cryptocurrency sector, Infini, a stablecoin bank, has been rocked by a security breach that siphoned off an astonishing $49 million in USDC. This incident serves as a critical case study in the vulnerabilities that exist within digital finance platforms, particularly concerning administrative controls that, if mismanaged, can lead
The world of cryptocurrency, particularly Bitcoin, has been characterized by its notable volatility, which often leaves investors and analysts scrambling for clarity amid the chaos. Currently, Bitcoin appears to be trapped in a consolidation phase, sparking debates about its next movement. According to prominent analysts, the prospect of a significant price drop appears increasingly likely,
As Bitcoin’s price starts to shift below essential technical thresholds, it invites scrutiny from traders and analysts alike. Recently, Bitcoin slipped beneath the significant 100-day moving average at $98K, now honing in on the crucial support level of $95K. This behavior showcases a subtle uptick in selling activity; however, the market’s accompanying low trading volume
OX.FUN, a crypto derivatives exchange that has become intertwined with the infamous narrative surrounding Three Arrows Capital, has recently found itself engulfed in controversy. Linked to its co-founders—Su Zhu and Kyle Davies—this exchange faces serious allegations of financial misconduct that resonate deeply within the cryptocurrency community. The unfolding drama began with claims that OX.FUN withheld
Bitcoin’s recent performance has showcased a volatile rollercoaster that underscores the unpredictable nature of cryptocurrency trading. After showing some resilience over the weekend by maintaining a price around $96,000, Bitcoin faced a steep decline that mirrored the challenges confronting many altcoins. This trend was evident as Bitcoin swiftly dipped to a multi-week low beneath $93,500
Recent economic reports have painted a concerning picture of the U.S. economy, notably highlighting a significant decline in the service-sector Purchasing Managers’ Index (PMI), which recently recorded its lowest point in over two years. This drop suggests that the economy may not be as resilient as previously believed, raising red flags for investors and policymakers