Thu, March 28, 2024

Cryptocurrencies

Coinbase Shares Surge as it Agrees to a Settlement

Coinbase-SEC Battle: The Crypto Regulation War

Quick Look: The SEC has sued Coinbase for operating as an unregistered entity; the case proceeds as most dismissal attempts fail. Judge Katherine Polk Failla oversees the case, with pivotal decisions already shaping the future of crypto regulation. Coinbase’s readiness to confront SEC views highlights a critical juncture for Wall Street’s crypto integration. The ongoing …

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Cryptocurrencies, worldcoin

Worldcoin: Regulatory Storm Over Biometric Data

Quick Look: Amid concerns over minors’ data collection and consent issues, Portugal’s CNPD imposes a 90-day moratorium on Worldcoin’s biometric data gathering. Citing privacy worries, Spain announces a ban on Worldcoin operations, signalling growing regulatory scrutiny in Europe. With over 4.5 million people scanned globally, Worldcoin navigates legal hurdles amidst a surge in its token …

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Weekly Market Overview: Forex, Stocks, Crypto, Commodities. Kucoin

KuCoin Faces $273M Loss & AML Charges by U.S.

Quick Look: U.S. Department of Justice accuses KuCoin and founders of AML violations, intensifying scrutiny on exchanges. Alleged multibillion-dollar conspiracy results in a $273 million reduction in reserves and a 22% ERC-20 value drop. KuCoin assures uninterrupted operations despite indictments, amidst user withdrawals concerned about asset safety. KuCoin faces charges for lacking licenses, inadequate AML …

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Crypto Market Highlights – Ethereum,Coin,And,Bitcoin,In,Background.,Cryptocurrency,Eth,And,Btc.

Ethereum Giants Bet on BUDZ: Eyeing Crypto’s Next Boom

Quick Look: Ethereum whales are pivoting their investments toward Shiba Budz (BUDZ). Investors harbour high expectations for BUDZ, predicting a lucrative financial upswing. The investment shift marks a broader trend of capital flow into emergent cryptocurrencies with substantial growth prospects. Such strategic reallocation may set new investment precedents and propel innovation across the cryptocurrency landscape. A …

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Solana

Solana Jumps 15%, Avalanche Up 18% Post-Recovery

Quick Look: Solana (SOL) secures a 15% gain, escalating from $165 to $190 post-sell-off. Avalanche (AVAX) enjoys an 18% upturn, spurred by the Avalanche Foundation’s liquidity injection. Bitcoin (BTC) surpasses the $70,000 mark, indicating a buoyant market atmosphere. Following a notable sell-off, Solana (SOL) has majorly rebounded. Besides, it also showcased an impressive 15% gain, …

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Bitcoin

Bitcoin Soars 4.88% to $67,224 Amid $11B ETF Inflows

Quick Look: Bitcoin’s (BTC) price saw a notable increase of 4.88% on March 24, closing at $67,224. Grayscale BTC Trust reported significant outflows, with a weekly total netting -$2,001.3 million. Spot Bitcoin ETFs experienced a substantial $11 billion in net inflows. Assets under management, reaching $50 billion in just over two months. Based on historical …

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shib

SHIB’s 1.91% Surge Amidst Crypto Evolution

Quick Look: The price of SHIB has increased by 1.91% as of a recent Sunday, reaching $0.00002803858536.  The volatility is moderate, with a low risk/reward gauge. Currently, SHIB is trading near resistance, suggesting potential selling pressures ahead. This week, Shiba Inu (SHIB) stood out with its recent price increase and the consistent interest it garners …

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cryptocurrency - ada and more

ADA Eyes $12.6 Surge: 600K Wallets Fuel 2000% Rally

Quick Look: Armstrong predicts ADA could reach $5 from its current $0.614, backed by public interest and Cardano’s developments. Trend Rider analysis suggests ADA may surge to $12.6, quadrupling its all-time high, supported by recent trends. ADA’s metrics show growth potential: $29.80B fully diluted market cap, $23.35B circulating, and $27.96B trading volume. Armstrong’s outlook on …

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FTX

FTX Saga: $400M Vanished, Bitcoin Plummets 8%

Quick Look: The cryptocurrency market experienced a significant loss, shedding $400 value. Bitcoin witnessed its worst performance since the FTX collapse, dropping 8% to below $61,000. Grayscale’s ETF recorded a historic outflow, while the FTX descends sent shockwaves through the industry. In an unsettling turn of events, the cryptocurrency market has drastically declined, erasing $400 …

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Genesis, Gemini

$2 Billion Settlement for Gemini Earn Users

Quick Look Genesis seeks bankruptcy court approval for a settlement to compensate users affected by the Gemini Earn program’s closure. 100% reimbursement for suspended Earn users, with an initial 97% payout shortly after court approval. Around $2 billion in crypto, a significant increase from the service’s suspension value. The Gemini Earn program, a collaborative venture …

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MicroStrategy

MicroStrategy’s Bold $623M BTC Buy Boosts Holdings to 214K

Quick Look MicroStrategy acquired 9,245 BTC from March 11 to 18, 2024, totaling $623 million. This acquisition increases MicroStrategy’s total Bitcoin holdings to about 214,246 BTC. Funding for the purchase mainly came from a $592.3 million convertible debt offering and $30.7 million in excess cash. MicroStrategy’s aggressive Bitcoin investment influences market dynamics, with its shares …

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bitcoin

Bitcoin’s Record $73,797 High to 10% Drop

Quick Look Bitcoin (BTC) hit an all-time high of $73,797 on March 14. Grayscale and Fidelity ETFs saw significant outflows and inflows, respectively, indicating market volatility. Upcoming Federal Reserve FOMC meeting cited as a key factor for recent price fluctuations. The cryptocurrency market witnessed a week full of dramatic swings. A market monster, Bitcoin, reached …

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cryptocurrency - avalanche and others

Avalanche Soars 55% to $61, Highest Since TerraUST Crash

At a Glance: Avalanche (AVAX) witnesses a significant price recovery, soaring to $55.40. A recent spike to over $61 marks its highest point since the May 2022 TerraUST crash. Avalanche’s Layer-1 blockchain offers high throughput and scalability, shaping future blockchain innovation. Showcases a robust 55% growth over the past week amidst a bullish market trend. …

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Cardano (ADA) and its importance

Cardano Dips 9% in a Day, Launches USDM Stablecoin

Quick Look Cardano (ADA) has witnessed a significant price drop of over 9% in the last 24 hours, falling below $0.70. ADA’s trading volume dropped below $1 billion on March 16, signalling a decrease in trading activity and investor sentiment. The launch of USDM stablecoin aims to bring stability and innovation to the Cardano ecosystem. …

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Solana

Solana Hits 25-Month High: Eyes $250 Target

Quick Look Solana (SOL) witnesses a striking 14% increase in 24 hours, reaching a 25-month peak at $173.27. A substantial 51% price surge was observed over 30 days, with forecasts aiming for $250. RSI escalates to 80.50, hinting at potential overbuying amid bullish trends. Introduction of the Israeli Shekel-backed stablecoin, BILS, on SOL spurs optimistic …

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