CRYPTO MARKET UPDATE

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Coinbase Cloud Becomes Chainlink Oracle Node Operator

Coinbase Cloud, a leading cryptocurrency exchange and infrastructure provider, has announced its participation as a Chainlink oracle node operator. This strategic move aims to further the advancement of securely connecting…
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Tether Purchased $222 Million Worth Of Bitcoin To back Its USDT

Tether, the world’s largest stablecoin issuer, made headlines on Wednesday with its announcement of a significant investment in bitcoin (BTC). The company has purchased $222 million worth of bitcoin to…
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Ripple Announcing CBDC Platform For Central Bank

Ripple, a prominent company in the field of cryptocurrency, has made a significant announcement today with the unveiling of the Ripple CBDC Platform. This groundbreaking solution aims to empower central…
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$TURBOS and $SUIA Projects Witness Price Plunge

Within the Sui Network, two prominent ecological projects, TURBOS and SUIA, have faced a significant drop in their token prices. This sudden decline has raised concerns among investors and exchanges.…
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Ripple Lab Selected For Hong Kong Launches e-HKD Pilot Programme

The Hong Kong Monetary Authority (HKMA) has taken a significant step towards transforming the digital payments landscape by announcing the launch of the e-HKD Pilot Programme. With a focus on…
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BUSD Market Share on Binance Drops Below 10%, TUSD risen to 24%

BUSD’s market share on Binance has fallen below 10% for the first time since July 2021. As of May 18, 2023, BUSD’s market share stands at 9.9%, while TUSD’s market…
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Binance Reduces ETH Staking Withdrawal Processing Time to Five Days

Binance, the leading cryptocurrency exchange, has announced a significant reduction in the processing time for ETH Staking withdrawal requests. Effective from May 18, 2023, users can expect their ETH Staking…
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FTX Leadership Files Lawsuit Against Former CEO and Executives

FTX leadership has filed a lawsuit against its former CEO, Sam Bankman-Fried, co-founder Zixiao Wang, and former senior executive Nishad Singh. The lawsuit stems from a controversial $220 million acquisition…
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Bitcoin Mining Difficulty Reaches Record High

Bitcoin, the world’s most popular cryptocurrency, experienced a significant mining difficulty adjustment at block height 790,272. The mining difficulty, which measures the level of complexity miners face when attempting to…
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SEC Challenges Filecoin Security Status, Grayscale Responds

The U.S. Securities and Exchange Commission (SEC) recently expressed its opinion that Filecoin, a popular cryptocurrency, meets the definition of a security. As a result, the SEC requested that Grayscale,…
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Ethereum 2.0 Hits Record Monthly High with Over 2.2 Million ETH Staked

The month of May witnessed a significant milestone as over 2.2 million ETHs were staked to the ETH2 deposit contract. This unprecedented surge in staking activity marks a new monthly…
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Contributors Working Towards Launching Uniswap on Coinbase’s Layer 2 Base Network

Uniswap, the decentralized exchange (DEX) that has gained significant popularity in the world of decentralized finance (DeFi), is set to make a major advancement. Contributors to Uniswap are actively working…
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Uniswap Launches on Polkadot via Moonbeam Boosting DeFi

In a groundbreaking announcement, Uniswap, the largest decentralized exchange by volume, revealed its plans to launch on Polkadot through the Moonbeam network. This strategic move aims to leverage the benefits…
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Curve Finance Launches crvUSD UI and Announces Future Expansion

Curve Finance Introduces crvUSD UI and Plans to Expand Market Offerings. Curve Finance, a prominent decentralized finance (DeFi) platform, unveiled the launch of its new crvUSD UI. This user interface…
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The first Cardano SPO-Poll On Mainnet is Published

In an exciting development on the Cardano Mainnet, a new transaction with the ID *fae7bda85acb99c513aeab5f86986047b6f6cbd33a8e11f11c5005513a054dc8* has marked the initiation of the first CIP-0094 based Stake Pool Operator Poll. Stake Pool…
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Bitboy Breaks Promise, Sells All $BEN Tokens

Popular cryptocurrency influencer Bitboy has decided to sell all of his $BEN tokens, despite committing to not selling them for a period of six months. This unexpected move has left…
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Interest in Litecoin Surges as Speculators Seek Cheaper Alternatives

Bloomberg reported on bitcoin alternative Litecoin why its better for large adoption. Litecoin, launched 12 years ago as a transaction-friendly version of Bitcoin, has recently experienced a significant rally, surging…
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Ripple Major Expansion: Acquiring Swiss Crypto Custody Firm Metaco to Enhance Tokenized

Ripple, the global payment protocol and cryptocurrency company, has made a significant move in the crypto space with its recent acquisition of Swiss crypto custody firm Metaco. The deal, valued…
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