CRYPTO MARKET UPDATE

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Tether Includes Securities from Chinese Banks to Back Its USDT

Tether Holdings Ltd., the company behind the popular cryptocurrency stablecoin USDT, has listed securities issued by Chinese state-owned banks to support its USDT reserves. This information has come to light…
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Binance Announces Departure from Dutch Market

Binance, a leading cryptocurrency exchange, has announced its decision to leave the Dutch market, preventing new users from registering accounts. Existing Dutch residents will only be able to withdraw their…
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Binance Initiates Direct Swap of 1.25 Billion USDT-TRX

In a move aimed at ensuring stablecoin liquidity, Binance, one of the leading cryptocurrency exchanges, has announced a direct swap of 1.25 billion USDT-TRX for USDT-ETH with the Tether team.…
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Texas Regulator Files Securities Fraud Accusations Against Crypto Trading Platform Abra

Bloomberg reported The Texas State Securities Board has filed an emergency cease and desist order against crypto trading platform Abra and its CEO Bill Barhydt, accusing them of securities fraud.…
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Do Kwon Faces Extended 6 Months Sentence Amidst International Extradition Battle

DLnews Reported Do Kwon, and his associate Han Chang-Joon has entered a new phase as multiple legal decisions come into play. The Montenegro court has ordered that Kwon and Han…
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BlackRock Nears Filing for Bitcoin ETF

The cryptocurrency market, BlackRock, the world’s largest asset manager, is reportedly on the verge of submitting an application for a Bitcoin ETF (exchange traded fund). According to a recent report…
BITCOINHODLING

The Growing Illiquid Supply of Bitcoin Indicates Strong HODLing Trend

Glassnode reported the illiquid supply of Bitcoin is growing at an impressive rate of +119,000 BTC per month. This statistic highlights the concentration of coins into wallets that have a…
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USDT Untethered Fate: Navigating the Depegging Storm

The price of the USDC/USDT trading pair on Binance has been rapidly increasing and has now reached $1.0034, the highest level seen since June 13, 2022. This surge in value…
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Crypto Markets: Reaching the Bottom, Ideal Time for Long Positions

The crypto markets is currently experiencing its lowest trading volumes since the winter of 2019, with spot volumes averaging only 23 billion USD per 24 hours. This decline can be…
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Federal Reserve Pauses Rate Hikes, Cryptocurrencies Experience a Sudden Drop

Following the announcement from the Federal Reserve, the cryptocurrency market experienced a sudden drop. Bitcoin, the leading digital currency, plummeted to as low as $24,879 according to Coingecko. Ethereum, the…
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Bitcoin Plummets Below $25,000, Entering Prolonged Bear Market

In a major blow to the cryptocurrency market, Bitcoin (BTC) has plummeted below the $25,000 mark, reaching its lowest level in months. This significant drop has sent shockwaves throughout the…
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FPG MIT-Backed Crypto Prime Brokerage, Halts Trading

Floating Point Group (FPG) revealed that it had fallen victim to a cyber security breach. As a result, the company has temporarily halted all trading activities, including deposits and withdrawals.…
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GMX On-Chain Derivatives Records Massive Liquidation

On June 14, GMX, a platform known for its on-chain derivatives trading, witnessed an unprecedented amount of liquidation. As a result, GMX Trader, a leading participant in the derivatives market,…
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Brazil Passes New Law Regulating Cryptocurrency

Portaldobitcoin reported Brazil has passed a new law aimed at regulating the digital asset market. The law designates the country’s central bank as the primary regulator, granting it the authority…
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Korea Crypto lending Delio Suspends Withdrawals Due to Market Volatility

Delio, as one of South Korea’s largest crypto lending companies, plays a vital role in the country’s crypto ecosystem. By allowing users to lend and borrow various cryptocurrencies, Delio has…
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Adidas Will Launch Exclusive NFT-Linked Sneaker

Adidas Originals, the renowned sportswear brand, has joined forces with FEWOCiOUS, 20-year-old artist, to announce an exciting partnership NFT The emergence of Non-Fungible Tokens (NFTs) has revolutionized the digital art…
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MakerDAO Reports Record Annualized Income of $95 Million

MakerDAO, one of the leading decentralized autonomous organizations (DAOs) in the cryptocurrency space, has recently achieved a significant milestone. According to data from makerburn.com, MakerDAO’s annualized income has reached an…
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Uniswap v4 Whitepaper Reveals New Features and Innovations for Decentralized Exchanges

Uniswap v3 already revolutionized the DEX landscape by providing liquidity providers (LPs) with enhanced flexibility in deploying their liquidity. LPs were able to simulate any static automated market maker (AMM)…
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