CRYPTO MARKET UPDATE

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Binance Launchpad Announces Arkham $ARKM

Binance, the leading cryptocurrency exchange, is thrilled to unveil Arkham (ARKM) as the 32nd project to be launched on its renowned Binance Launchpad. The much-anticipated webpage for Arkham is expected…
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ArcadiaFi Hack, $455K Loss on Ethereum and Optimism Networks

ArcadiaFi exploit on both the Ethereum and Optimism networks resulted in a staggering loss of $455,000. The exploit was facilitated through the manipulation of conversations and took advantage of vulnerabilities…
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Voyager Witnesses Net Outflow of $250 Million as Withdrawals Resume

Voyager, a popular cryptocurrency platform, recently reopened withdrawals on June 23, which led to a significant net outflow of $250 million worth of crypto assets. Despite the outflow, the platform…
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Hong Kong Launches New Licensing Regime for Crypto Asset Trading Platforms

Hong Kong has launched a new licensing regime for virtual asset trading platforms (VATPs). The Hong Kong Securities and Investment Institute (HKSI) has taken the initiative to develop the respective…

Bitcoin’s Hashrate Reaches New Heights, Price Surges by 14% in 30 Days

Bitcoin’s network hashrate has soared to unprecedented levels, reaching an average of 401 EH/s over the past seven days and an average of 445 EH/s in just three days, according…
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Exciting Developments are on the Horizon for Shiba Inu as Shibarium Launch Approaches

Shiba Inu as the highly anticipated launch of Shibarium, the project’s Layer 2 blockchain, approaches. With the official release date expected to be announced during the Blockchain Futurist Conference in…
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According to Matrixport, Bitcoin could reach $125,000 by the end of 2024

Bitcoin, the world’s most well-known cryptocurrency, has been a subject of intense speculation and price volatility since its inception. With its value constantly fluctuating, investors and analysts are always on…
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Bitcoin Ordinal Inscriptions Reach Record High as Payment Fees Decline

In a significant development for the crypto market, the number of Bitcoin Ordinal Inscriptions minted in a single day reached a staggering 350,000 on July 8, marking the highest daily…
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The Reserve Bank of Zimbabwe’s Gold-Backed Digital Currency

In a bid to stabilize Zimbabwe’s struggling economy, the Reserve Bank of Zimbabwe has embarked on a “dry run” test for the launch of a gold-backed digital currency. This innovative…
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Bitcoin Halving Expected to Double Production Cost, Increasing Pressure on Miners

The anticipated 2024 Bitcoin halving is predicted to have a profound impact on the production cost of Bitcoin, potentially doubling it to approximately $40,000. This change is expected to put…
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BlackRock Bitcoin ETF Announcement Sparks Surge in US Bitcoin Supply Holdings

In a significant development for the cryptocurrency market, Glassnode reported the announcement of BlackRock’s request for a Bitcoin Exchange-Traded Fund (ETF) on June 15th has triggered a notable surge in…
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China’s Changing Stance on Cryptocurrencies: Will the Crypto Ban be Lifted?

China’s relationship with cryptocurrencies has been characterized by a series of strict restrictions and bans. In 2021, the Chinese government imposed a ban on crypto trading and mining, which had…
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Justin Sun Redeems 30,000 stETH Worth $55.8 Million

In a recent transaction observed on the Ethereum blockchain, Justin Sun redeemed a substantial amount of stETH, reinforcing his active participation in the digital asset market. The transaction took place…
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Ripple and Stellar Lumens $XLM may collaborate with FedNow

As digital transactions become increasingly prevalent, the need for faster and more efficient payment systems has become paramount. Recognizing this demand, the Federal Reserve has developed FedNow, an instant payment…
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Grayscale Adds Lido $LDO Token to DeFi Fund

Grayscale, the leading digital asset management firm, has made a significant adjustment to its investment portfolio of decentralized finance (DeFi) funds. In this latest move, Grayscale has added the Lido…
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Oracle Red Bull Racing Partners with Sui Development Mysten Labs

Oracle Red Bull Racing, a renowned Formula 1 team, has recently announced a multi-year partnership with Sui development company Mysten Labs. This collaboration positions Sui as the official blockchain partner…
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JP Morgan: Evaluating the Impact of SEC Approval for Spot Bitcoin ETF

The potential approval of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States has been a topic of significant interest and speculation within the crypto market. However, according to…
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Sega’s COO Suspends GameFi Development

The Chief Operating Officer (COO) of Japanese gaming giant Sega expressed concerns about Play-to-Earn (P2E) games and blockchain technology. The COO stated that they find P2E games boring and are…
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