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The US Securities and Exchange Commission (SEC) has been making headlines due to the significant fines imposed on crypto companies. In 2024 alone, the SEC imposed a staggering $4.68 billion in fines against various entities operating in the digital asset market. This unprecedented level of enforcement marks a turning point in the regulatory landscape for
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Bitcoin (BTC) faced a significant decline in price over the weekend after the release of August nonfarm payrolls (NFP) data. The price dropped by nearly 5% to trade below the $54,000 range, hitting its lowest level since early August. This downward trend in price led to the liquidation of $200 million in long positions, contributing
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Recent data from research firm Kaiko has revealed a significant decline in Coinbase’s market share, with smaller exchanges making substantial gains in recent months. Earlier in the year, Coinbase held over half of the US crypto market share, reaching a peak of nearly 55% in March. However, the latest report shows that its market share
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Despite its popularity, Ethereum has been underperforming compared to other top cryptocurrencies in the market. This downtrend has caused concern among investors as the price of ETH continues to drop, potentially falling below $2,000 once again. Recent market analysis has revealed a bullish pattern in the Ethereum price chart, indicating a possible reversal of the
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Friend.tech, a once-promising decentralized social media platform, has recently made a controversial decision to relinquish control of its smart contracts to Ethereum’s null address. This move has sent shockwaves through the platform’s ecosystem, particularly impacting the value of the FRIEND token. While the immediate market reactions have been notable, the implications of this decision go
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Crypto analyst Daan Crypto has recently highlighted a Bitcoin Rainbow Chart, providing valuable insights into the crypto’s current price action. According to Daan Crypto, Bitcoin needs to maintain a price above $60,000 in order to signal a bullish reversal in the market. The cryptocurrency is currently trading in the dark green region on the Rainbow
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