Crypto derivatives trading became bigger than ever in March, but its share in the total market activity declined for the sixth consecutive month, according to London-based digital assets data provider CCData. Trading volume in futures and options tied to cryptocurrencies on centralized exchanges rose 86.5% to a record high of $6.18 trillion, translating to three
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Chris Dixon, founding partner at a16z Crypto, claims that misguided regulations fueled the meme coin explosion witnessed in 2024. The venture capitalist criticized the Biden administrations approach to digital assets, arguing that its restrictive policies stifled real innovation and left the market with mostly speculative tokens. Speaking to prominent crypto journalist Laura Shin on the
As expected, the US Fed didn’t lower the key interest rates in the first FOMC meeting of the year. BTC’s price had calmed over the past day or so at around $102,000 – $103,000 but started to lose value almost immediately after the decision came out. During the last FOMC meeting for 2024, the US
Crypto markets are down a further 2.7% on the day, with total capitalization falling to $3.6 trillion, and altcoins are taking the brunt of the fall. Capital is unlikely to rotate from BTC to alts because the majority of CT [crypto Twitter] is self-confessed to be mostly in altcoins, observed trader TXMC on Jan. 29.
Risk assets faced a meltdown caused by rising concerns over a Chinese artificial intelligence (AI) model created by the AI startup DeepSeek. This model, dubbed R1, rivals o1, another one created by the American AI research company OpenAI. At the time of writing, DeepSeeks AI assistant had dethroned ChatGPT as the most downloaded free app
Over the weekend, debate flared within the crypto community regarding the possible inclusion of other cryptocurrencies apart from Bitcoin in a proposed U.S. digital asset reserve, with XRP catching the most flak. Ripple CEO Brad Garlinghouse has now responded to the criticism, defending XRPs potential role while denouncing the divisive nature of maximalism in the
World Liberty Financial (WLF) – a venture linked to Donald Trump and his family – has been on an aggressive accumulation spree. In fact, the public wallet associated with WLF now holds $370.4 million in assets across 44 distinct cryptocurrencies. According to Santiment’s findings, these accumulation strategies signal its growing influence in decentralized finance (DeFi).
Brian Armstrong, who heads the largest crypto exchange in the United States, Coinbase, has suggested a rethink of the companys token listing process to respond to the incredibly high number of digital currencies being created every week. According to the crypto executive, approximately one million tokens are launched weekly, making it impossible to evaluate each
XRP price started a strong increase above the $2.850 zone. The price is now correcting gains and showing positive signs above $3.00. XRP price started a fresh increase from the $2.650 zone, outperforming Bitcoin and Ethereum. The price rallied above the $2.85 and $3.00 resistance levels. It even surged above $3.050. A high was formed
Four leading cryptocurrency exchanges have recently secured full licenses under the European Union’s Markets in Crypto-Assets Regulation (MiCA). MiCA, which became effective on December 30, 2024, provides a unified regulatory framework for crypto-asset service providers (CASPs) operating across the European Economic Area (EEA). Crypto.com announced on January 27 that its Malta entity received a MiCA
Digital asset investments saw $1.9 billion in inflows last week, bringing YTD inflows to $4.8 billion. Presidential orders proposing Bitcoin as a reserve asset likely influenced this surge in investments. Despite flat price movements, trading volumes reached $25 billion, making up 37% of trusted exchange activity. US President Donald Trump issued an executive order last
A rise in stablecoin deposits on exchanges is generally viewed as a sign of increased buying interest in cryptocurrencies. While USDC dominance has increased, the buying momentum in the US remains absent. Lately, USDC issuance has grown significantly, resulting in a notable inflow of the stablecoin into exchanges. During this period, however, deposits of its
Crypto derivatives trading became bigger than ever in March, but its share in the total market activity declined for the sixth consecutive month, according to London-based digital assets data provider CCData. Trading volume in futures and options tied to cryptocurrencies on centralized exchanges rose 86.5% to a record high of $6.18 trillion, translating to three
Rosseti Group – Russia’s leading electric grid operator – has announced its interest in becoming an operator for hosting mining infrastructure. The company told TASS that this initiative focuses on utilizing underloaded power supply centers, improving capacity utilization, and fostering economic growth. According to the report, Rosseti’s position as the largest grid company in the
Musk has begun to discuss using blockchain technology to streamline the government’s IT systems and cut unnecessary costs, according to recent reports. To wit, Musk is the new president’s official advisor on matters pertaining to government efficiency. President Donald Trump appointed him to head the DOGE: a White House office named the Department of Government
Dean Norris, best known for his role in Breaking Bad, has become the target of hackers again. His X account was recently compromised to promote a fraudulent meme coin named DEAN. An X user who shared a screenshot of the deleted posts described the incident as one of the most believable scams they had ever
After the quiet weekend, in which BTC stood primarily around $105,000, the asset’s price movements have turned sour, and it slumped to a weekly low of under $100,000. The altcoins have bled out even more heavily, with massive price declines from the likes of DOGE, XRP, ADA, SOL, and many others. Similar to the previous
Ethereum topped all blockchains in fee revenue for 2024, generating $2.48 billion over the year. This strong performance in fees, however, contrasted with ETH’s price, which underperformed expectations during the same period. All in all, Layer 1 and 2 blockchains collectively earned almost $6.9 billion from transaction fees last year. According to CoinGecko’s latest report,
Solana, the second-largest blockchain by Total Value Locked (TVL), has seen its ecosystem grow exponentially, driven by a rapid increase in the market value of its stablecoins. Data from the decentralized finance (DeFi) analytics platform DefiLlama shows that the networks stablecoin market cap had reached $10.7 billion at the time of writing. Previously, the highest
The Ethereum Foundation (EF), a non-profit supporting the Ethereum blockchain network, has established a multisig wallet to participate in the decentralized finance (DeFi) ecosystem. In line with this, the organization has initiated a transfer of 50,000 ETH worth approximately $165.3 million into the wallet. According to a January 20 X post by Hsiao-Wei Wang, recently
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