Coinbase recently submitted a scathing comment letter to the US Securities and Exchange Commission (SEC), highlighting significant flaws in the agency’s cost-benefit analysis of a proposed rule. In the letter, Coinbase argued that the SEC had failed to adequately assess the economic impact of the rule on efficiency, competition, and capital formation. One of the
Crypto
The once-prominent crypto hedge fund, Three Arrows Capital (3AC), has faced a catastrophic collapse, leading to liquidators pursuing a $1.3 billion lawsuit against TerraForm Labs. TerraForm Labs, the bankrupt digital assets company co-founded by Do Kwon, is accused of manipulating the market for Luna and TerraUSD, resulting in artificially inflated prices for these tokens. This
The recent data on US spot Ethereum ETFs reveals that there was a total inflow of $4.9 million on Monday. This marks a positive uptick in investor interest in Ethereum-related investment products. It is important to note that Grayscale Ethereum Trust (ETHE) experienced no withdrawals on this particular day, a notable occurrence considering the previous
The current market conditions are causing significant financial stress for new Bitcoin investors, as indicated by various metrics pointing to a bearish environment. Metrics such as the Short-Term Holder MVRV (Market Value to Realized Value) and the standard deviation (SD) of the short-term holder Cost-Basis highlight the losses that newer market participants are facing on
Sui (SUI) has experienced a significant surge in its price recently, with a remarkable 125% weekly increase. This surge was largely attributed to the launch of Grayscale’s Sui Trust, which provided investors with a familiar product focused on investing in the underlying asset. As a result, SUI is currently trading at around $1, marking a
Ethereum has emerged as a clear winner amidst the recent market downturn, with investors capitalizing on the price weakness to boost the inflows into the cryptocurrency. Data from CoinShares indicated that Ethereum attracted a staggering $155 million in inflows over the past week, bringing its year-to-date total inflows to $862 million – the highest since
Recent data from the cryptocurrency’s futures market has hinted at a potential rally for Ether (ETH). A CryptoQuant analyst pointed out a significant liquidation event that often signals a stabilization of the market and an increase in spot buying pressure. This could potentially lead to a price rally in the near future. ETH experienced a
Binance, the largest cryptocurrency exchange in the world, periodically reviews each digital asset listed on its platform to ensure they meet high standards and industry requirements. When a coin or token no longer meets these standards or if the industry landscape changes, Binance conducts a more in-depth review and potentially delists it. Recently, Binance announced
Last week, Ripple’s XRP experienced a significant price rally, surging by 20% in just one day to reach almost $0.64. This rally also saw its market capitalization surpass $35 billion, signaling renewed interest and optimism in the digital asset. The surge in XRP’s price came shortly after a court ruling in the ongoing Ripple v
Recently, analysts have been closely examining technical indicators and signals to forecast the trajectory of Bitcoin’s price. According to CoinGlass, the liquidity heatmap is currently indicating crucial first-test lines around $56,800. If BTC manages to bounce off this level, it may test higher price points, but a weak bounce could lead to further downside movements.