Crypto News

As the sun sets on yet another action-packed day in the world of cryptocurrency, there’s no shortage of developments to digest. Starting north of the border, Kraken has solidified its position in the Canadian market as a restricted dealer, just as challenges force some competitors like Gemini to retreat. By securing this registration, Kraken not only reaffirms its commitment to Canadian investors but also introduces conveniences like free Interac e-Transfer deposits, widening its appeal in a transforming regulatory landscape. In the arena of regulatory scrutiny, U.S. lawmakers, including Senator Elizabeth Warren, are urging the SEC to dive deeper into the dealings of World Liberty Financial. Linked to President Trump's family, this crypto firm is under the spotlight for potential conflicts of interest that could jeopardize market fairness and investor protection. Meanwhile, on Capitol Hill, the STABLE Act has advanced quietly but significantly, seeking to bring order to the worl...

Partnership with Crypto Foundation The startup, called Symbiosis Network, has joined forces with the Crypto Foundation, a non-profit organization focused on promoting the use of blockchain technology and cryptocurrency. The two have submitted a proposal to acquire TikTok in its entirety, including its vast user base and valuable algorithm. This partnership between a social media and adult content mogul and a crypto foundation has raised eyebrows in both industries. Stokely, who has built a successful platform with OnlyFans, sees an opportunity to expand his reach and diversify his business portfolio. Meanwhile, the Crypto Foundation sees TikTok as a potential platform to showcase the benefits and potential of blockchain technology and cryptocurrency to a massive audience. Opportunities for Growth and Innovation Both parties believe that the acquisition of TikTok would bring about significant opportunities for growth and innovation. W...

As the sun sets, let's wrap up the day's whirlwind of crypto headlines with a Crypto Talkies curated just for you. It’s been a day of strategic moves, market jitters, and notable achievements in the crypto world. Kristin Smith is making a notable transition as she prepares to leave the Blockchain Association to helm the newly unveiled Solana Policy Institute, marking another strategic pivot within the blockchain advocacy landscape. This move echoes throughout the industry, even as North Korean tech workers continue their infiltration efforts in European blockchain firms, particularly targeting Solana projects. Meanwhile, VanEck takes a bold step by filing for the first U.S. BNB ETF in Delaware. This move not only indicates increasing mainstream interest in Binance Coin (BNB) but also suggests a broader acceptance of crypto investment products. BNB's trading volumes surged as investors responded with enthusiasm, hoping for a price uptick. In the realm of market dynamics, X...

The Impact of Low Liquidity on Crypto Markets The cryptocurrency market has always been known for its volatile nature, with prices constantly fluctuating and unpredictable shifts in market sentiment. However, one factor that often goes overlooked is the impact of low liquidity on crypto markets. With the rise of decentralized exchanges and the increasing popularity of altcoins, low liquidity has become a common issue in the crypto space. Understanding Liquidity in Crypto Markets Liquidity refers to the ease with which an asset can be bought or sold without significantly affecting its price. In traditional markets, high liquidity is seen as a sign of a healthy and stable market. However, in the crypto space, low liquidity can have a drastic impact on prices and create market imbalances. In simple terms, low liquidity means that there are not enough buyers and sellers in the market, leading to low trading volume and large price swings. This ...

As the sun sets on another bustling day in the crypto world, there's plenty to unpack from the cascade of headlines that have graced our screens. Let's dive right into the highlights of this evening's sundown digest. Crypto investment products are showing signs of a cautious revival with last week's $226 million in inflows. Bitcoin (BTC) remains the frontrunner, attracting $195 million, while its altcoin counterparts, Ethereum and Solana, pulled in a collective $33 million. Despite a decline in total assets under management, this surge in inflows hints at a flicker of optimism among investors. Metaplanet, a Japanese firm, is making waves with its unique debt strategy. The company has raised 2 billion yen ($13.3 million) through zero-interest bonds to boost its Bitcoin holdings to a robust 4,046 BTC. This bold move underscores Metaplanet's confidence in Bitcoin's potential, even as market conditions waver. In a dramatic twist, a hacker who exploited $9.6 milli...

As the sun sets on another eventful day in the world of cryptocurrencies, we bring you a digest of the latest happenings that are sure to capture the attention of both seasoned investors and curious onlookers. First up, the Shiba Inu (SHIB) token has been experiencing a rollercoaster of fluctuations. Despite initial signs of a breakout, significant volatility has resulted in price drops that wiped out prior gains. The token has now retreated to critical support levels, with ongoing bearish trends indicating potential further losses. The sentiment surrounding SHIB remains negative as selling pressure grips the market. Meanwhile, over in Japan, regulatory discussions are on the horizon as the country's Financial Services Agency considers reclassifying cryptocurrencies as financial products. This move, aimed at addressing scams through the introduction of insider trading regulations, has stirred excitement among crypto enthusiasts. However, legislative hurdles loom large on the pat...

Crypto Clarity: A Game-Changer for U.S. Markets As the cryptocurrency market continues to gain widespread attention and adoption, it has also faced its fair share of challenges and uncertainties. One of the biggest hurdles for the industry has been the lack of clear regulations and guidelines from the U.S. Securities and Exchange Commission (SEC). However, with the recent appointment of Gary Gensler as the new SEC chair, there is hope for a much-needed shift towards crypto clarity. The End of Debanking: A Win for Crypto Another major issue that has plagued the crypto industry is the practice of debanking, where banks and financial institutions refuse to provide services to crypto-related businesses and individuals. This has hindered the growth and development of the industry, making it difficult for businesses and individuals to access traditional banking services. With the new SEC chair's commitment to foster innovation, there is a chanc...

Coinbase's Legal Chief Praises SEC Chair's Crypto Clarity Pledge As the crypto industry continues to gain mainstream attention, regulatory clarity has become a top priority for market participants. This is why the recent comments made by the incoming chair of the U.S. Securities and Exchange Commission (SEC) have been met with great enthusiasm from the community. SEC Chair Promises to Prioritize Crypto Clarity Gary Gensler, who has been nominated by President Joe Biden to lead the SEC, recently stated that he would prioritize providing clarity on the regulation of digital assets. This news has been welcomed by many, including Coinbase's legal chief, who believes that this will lead to a more transparent and open market for cryptocurrencies. End of Debanking Practices Another issue that has plagued the crypto industry is the practice of debanking, where financial institutions refuse to provide services to businesses or individu...

As the sun sets and we wrap up yet another eventful day in the world of cryptocurrency, let's take a moment to digest some of the key developments that have unfolded. A notable headline today featured the unfortunate closure of Harpie, a Coinbase-backed Web3 security firm. Despite raising $4.5 million and its ambitious vision of a theft-free crypto ecosystem, the firm has shuttered due to an unsustainable business model. This news is a reminder of the challenges Web3 companies face despite strong backing. In brighter news for Coinbase, they saw a legal victory as both South Carolina and Vermont dismissed staking lawsuits against them. This marks a positive trend for the crypto exchange, with Chief Legal Officer Paul Grewal noting the potential for other states to follow suit. Meanwhile, in fintech recovery efforts, Terraform Labs has announced plans to launch a claims portal by March 2025. This portal aims to aid creditors affected by the TerraUSD collapse, possibly settin...

As the sun sets and we wrap up yet another eventful day in the world of cryptocurrency, let's take a moment to digest some of the key developments that have unfolded. A notable headline today featured the unfortunate closure of Harpie, a Coinbase-backed Web3 security firm. Despite raising $4.5 million and its ambitious vision of a theft-free crypto ecosystem, the firm has shuttered due to an unsustainable business model. This news is a reminder of the challenges Web3 companies face despite strong backing. In brighter news for Coinbase, they saw a legal victory as both South Carolina and Vermont dismissed staking lawsuits against them. This marks a positive trend for the crypto exchange, with Chief Legal Officer Paul Grewal noting the potential for other states to follow suit. Meanwhile, in fintech recovery efforts, Terraform Labs has announced plans to launch a claims portal by March 2025. This portal aims to aid creditors affected by the TerraUSD collapse, possibly settin...

The Crypto Market is Booming The crypto market has been on a rapid rise in recent years, with the total market capitalization reaching over $2 trillion. This growth has been driven by the increasing adoption of cryptocurrencies by mainstream institutions and investors. As a result, many new crypto assets have emerged, each with its own unique features and use cases. Some of the top crypto tickers to watch include BTC, ETH, and ADA. The Rise of DeFi One of the biggest trends in the crypto world right now is the rise of decentralized finance, or DeFi. This refers to financial services and applications built on blockchain technology, allowing for decentralized and trustless transactions. DeFi has been gaining traction as it offers users more control over their assets and the ability to earn passive income through staking and lending. Some popular DeFi projects to keep an eye on include AAVE, UNI, and COMP. The Role of NFTs Non-fungible tokens, ...

As the sun sets and we wrap up yet another eventful day in the world of cryptocurrency, let's take a moment to digest some of the key developments that have unfolded. A notable headline today featured the unfortunate closure of Harpie, a Coinbase-backed Web3 security firm. Despite raising $4.5 million and its ambitious vision of a theft-free crypto ecosystem, the firm has shuttered due to an unsustainable business model. This news is a reminder of the challenges Web3 companies face despite strong backing. In brighter news for Coinbase, they saw a legal victory as both South Carolina and Vermont dismissed staking lawsuits against them. This marks a positive trend for the crypto exchange, with Chief Legal Officer Paul Grewal noting the potential for other states to follow suit. Meanwhile, in fintech recovery efforts, Terraform Labs has announced plans to launch a claims portal by March 2025. This portal aims to aid creditors affected by the TerraUSD collapse, possibly settin...

As the sun sets on yet another bustling day in the world of crypto, we gather around to wrap up the evening with a spotlight on the most significant events that have made waves. All eyes are on Capitol Hill as President Trump edges closer to eliminating a contentious IRS rule that demands DeFi platforms disclose their transactions. This move, recently supported by the U.S. Senate, has sparked anticipation as it could potentially ease the regulatory load on decentralized finance ecosystems with just a stroke of Trump's pen. Meanwhile, Google Cloud's recent entry as a validator on the Injective blockchain (INJ) has been heralded as a move that could revolutionize Web3 development. By committing to this role, Google aims to fortify the blockchain's security and reliability, thereby paving the path for innovative advancements in the tech space. On the trading front, The Blockchain Group's acquisition of 580 BTC underscores the ever-growing institutional embrace of crypto...

As twilight sets in, the crypto world continues to march forward with noteworthy events making headlines today. The U.S. Securities and Exchange Commission (SEC) is taking a proactive stance by hosting a series of expert roundtables to delve into the intricacies of crypto trading, custody, tokenization, and decentralized finance. Led by Commissioner Hester Peirce, this initiative signifies a shift from mere enforcement to genuine engagement with the industry. Meanwhile, Coinbase has thrown its weight behind Celo's successful upgrade to Ethereum Layer 2, utilizing Optimism's OP Stack to boost scalability, security, and Web3 adoption (CELO). The digital landscape isn't without its controversies, as highlighted by the arrest of crypto influencer Ben Armstrong, known as BitBoy, in Florida over alleged legal transgressions involving a Georgia court judge. This incident brings to the fore the potential legal pitfalls for prominent figures within the digital finance sphere. On a...

As the sun sets on another tumultuous day in the crypto world, there’s no shortage of stories to keep the crypto enthusiasts buzzing. Let's delve into the day's most intriguing events that are shaping the landscape of digital currencies. Firstly, Binance finds itself under scrutiny as it suspends an employee amid insider trading allegations. The employee in question is suspected of leveraging insider info from a previous role to gain early trading profits related to a token launch. This incident underscores the pressing need for robust internal controls and maintaining transparency in crypto exchanges to sustain trust and integrity within the market. Meanwhile, in the world of stablecoins, Circle has launched its USDC (USDC) stablecoin in Japan, in partnership with SBI Holdings. USDC is now the first dollar-backed stablecoin approved under Japan’s regulatory framework, marking a significant milestone in Circle's global expansion strategy. Over at Robinhood, Massachusetts...

As the evening settles in, let's dive into the whirlwind of activity that has stirred the crypto sphere today. First up, a touch of political influence in the crypto world as Donald Trump threw his weight behind the TRUMP coin on Truth Social. The endorsement triggered an immediate 10% price uptick for $TRUMP, although it soon lost steam despite a notable surge in trading volumes. This move once again underscores the power of public figures in swaying crypto markets, although the coin's volatility serves as a stark reminder of the risks involved. Shifting our focus to the institutional side, Metaplanet has expanded its Bitcoin treasury by purchasing 150 BTC at an eye-watering average price of $80,000 per coin, marking their total stash at 3,350 BTC. This addition reflects the ongoing corporate faith in Bitcoin's long-term value proposition and Metaplanet's impressive yield of 68.3% in 2025 so far. On the regulatory front, good news arrives for victims of a global cryp...

Stablecoin Adoption in Brazil: Finding Solutions to Illicit Use Cryptocurrency has been gaining traction in Brazil, with the country's market showing promising growth in terms of adoption and usage. However, concerns have been raised about the potential use of stablecoins for illicit purposes, such as money laundering and terrorist financing. The Concerns Stablecoins, such as Tether (USDT) and USD Coin (USDC), are cryptocurrencies that are pegged to a stable asset, usually a fiat currency like the US dollar. This makes them less volatile compared to other cryptocurrencies, making them a popular choice for users in Brazil. However, the stability and anonymity of stablecoins have raised concerns about their potential use for illegal activities. This has led to calls for stricter regulations and monitoring of stablecoin transactions. The Solution Tom Duff Gordon, VP at Coinbase, believes that there are ways to address the concerns about s...

As the sun dips below the horizon, casting its golden farewell, let's unwind with today's top stories in the crypto sphere. The U.S. SEC delivered a regulatory win for Bitcoin (BTC) and other proof-of-work cryptocurrencies by confirming that mining, whether solo or within a pool, does not fall under securities laws. This clarification brings a sigh of relief to miners and strengthens the stance of cryptocurrencies like Bitcoin. Meanwhile, across the pond, the European Central Bank (ECB) is making moves to roll out a digital euro. ECB Chief Economist Philip Lane voiced concerns about Europe's dependency on foreign tech payment services. The digital euro is a step towards financial autonomy, challenging stablecoins and tech giants for their stranglehold on economic sovereignty. Coinbase, one of the leading crypto exchanges, has taken matters into its own hands by proposing a comprehensive regulatory framework to the SEC. Their detailed proposal includes 36 recommendations aim...

However, the project failed to meet expectations and Square Enix has decided to pull the plug. Why Did Symbiogenesis Fail? Despite the hype surrounding Web3 and blockchain technology, Symbiogenesis failed to gain traction in the gaming community. The platform allowed players to purchase in-game items using cryptocurrency, but this concept was not well received by the majority of gamers. Additionally, the high transaction fees associated with using cryptocurrency made the purchasing process cumbersome and unattractive. Impact on the Crypto Market The news of Symbiogenesis' discontinuation has caused a stir in the crypto market. Many investors were banking on the success of this project to boost the adoption of cryptocurrency in the gaming industry. However, this setback has caused a dip in the prices of popular crypto tickers such as Bitcoin (BTC) and Ethereum (ETH). Lessons Learned for Future Web3 Ventures The failure of Symbiogen...

As the sun dips below the horizon, casting its golden farewell, let's unwind with today's top stories in the crypto sphere. The U.S. SEC delivered a regulatory win for Bitcoin (BTC) and other proof-of-work cryptocurrencies by confirming that mining, whether solo or within a pool, does not fall under securities laws. This clarification brings a sigh of relief to miners and strengthens the stance of cryptocurrencies like Bitcoin. Meanwhile, across the pond, the European Central Bank (ECB) is making moves to roll out a digital euro. ECB Chief Economist Philip Lane voiced concerns about Europe's dependency on foreign tech payment services. The digital euro is a step towards financial autonomy, challenging stablecoins and tech giants for their stranglehold on economic sovereignty. Coinbase, one of the leading crypto exchanges, has taken matters into its own hands by proposing a comprehensive regulatory framework to the SEC. Their detailed proposal includes 36 recommendations aim...