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Massive Surge in Robinhood's Q1 Crypto Trading Volume Amid SEC Scrutiny
May 9, 2024
Trading platform Robinhood disclosed a substantial increase of 224% year over year in their crypto notional trading volume during the first quarter of 2024, hitting a $36 billion figure. The …
Read moreControversial SEC Crypto Rules Slated for Veto by Biden Administration
May 9, 2024
The Biden administration has voiced its intentions to veto H.J. Res. 109, a resolution seeking to overturn the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121 (SAB 121) - …
Read morePEPE Underpinned by Investor Optimism Despite Market Disruptions
May 8, 2024
The meme cryptocurrency PEPE, once celebrated for its consistent growth, witnessed a nearly 10% price dip recently. Amid discussions about systemic withdrawals of tokens from a prominent exchange, many are …
Read moreEthereum Re-examined: Dencun Upgrade Pressures Ultrasound Money Concept but Network Activity Surges
May 8, 2024
Recent developments have put Ethereum, the world's second-largest cryptocurrency by market capitalization, under the microscope. Despite the fluctuations in pricing and predictions following its latest hard fork termed the Dencun …
Read moreBitcoin ETF Issuer Backs Solana's Soaring Growth amid Crypto Market Crash
May 8, 2024
After the crypto market crash in November 2022, Solana (SOL) has shown remarkable growth, with a year-to-date price increase of over 560%. Currently holding a market capitalization of $67 billion, …
Read moreBitcoin's Bull Cycle and Accumulation Trends Signal Market Uncertainty
May 8, 2024
Bitcoin's Bullish Upsurge and Ebb in AccumulationBitcoin achieved a staggering 280% rebound from its cycle lows around $15,500 in November 2022, to new all-time highs of approximately $73,000 by March …
Read moreJapanese Crypto Exchange Coincheck Strategizes Nasdaq Listing via SPAC Merger
May 8, 2024
Japanese crypto exchange, Coincheck, plans to join Coinbase as the second publicly listed crypto exchange organization in the United States. The crypto trading platform anticipates completing its Nasdaq listing in …
Read moreCrypto Investments Experience Unprecedented Outflows
May 8, 2024
Quick Take Recent data indicates a notable drop in investment enthusiasm among institutional investors as Bitcoin ETFs observed an outflow of $284 million last week, revealed by CoinShares. This bearish …
Read moreFTX's New Bankruptcy Plan Promises Over 100% Recovery for Creditors; Receives Mixed Reactions
May 8, 2024
The insolvent cryptocurrency exchange, FTX, has proffered a revised reorganization proposal assuring substantial returns for its creditors. According to the new plan, creditors with claims less than $50,000 could expect …
Read moreGrayscale Withdraws Proposed Ethereum Futures ETF Application
May 8, 2024
Grayscale, a leading crypto investment firm, has made a significant move by withdrawing its Ethereum Futures ETF application with the US SEC. This withdrawal, reported on May 7, could potentially …
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