Crypto News

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...

Regulating Digital Assets in Vanuatu Vanuatu, a small island nation in the Pacific, has recently taken steps towards regulating digital assets. This move is aimed towards providing a safe and secure environment for cryptocurrency companies to operate within the country. The Vanuatu Financial Services Commission (VFSC) has been given the authority to issue licenses to crypto service providers, making the country one of the first in the region to have a licensing regime for crypto companies. Stringent Laws for Crypto Companies The newly passed legislation, known as the Virtual Asset Service Providers Act, has been described as “very stringent” by a government regulatory consultant. This means that crypto companies wanting to operate in Vanuatu will have to adhere to strict regulations and comply with international standards such as the Financial Action Task Force's Anti-Money Laundering, Counter-Terrorism Financing and Travel Rule standar...

Rep. French Hill Speaks Out Against Trump's Crypto Deals The cryptocurrency market has been abuzz with news of President Trump's recent involvement in the industry. Trump has shown interest in blockchain technology and has even been rumored to be considering launching his own cryptocurrency. However, not everyone is on board with the president's crypto dealings. Crypto Bills on the Horizon As the crypto market continues to gain mainstream attention, Congress has been working on multiple bills related to cryptocurrencies. These bills aim to provide regulation and oversight for the growing industry. Rep. Hill Breaks Party Silence on Trump's Crypto Involvement While many Republicans have remained silent on Trump's crypto dealings, Rep. French Hill has spoken out against the president's actions. Hill, a member of the House Financial Services Committee, expressed concerns about the potential risks and dangers of unregu...

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...

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...