Charles Edwards, founder of Capriole Investments, a crypto hedge fund, highlighted his belief that PENDLE, a token functioning in the Decentralized Finance (DeFi) sector, is currently underappreciated. In a statement on platform X, Edwards emphasized two reasons for this assessment: first, its significant Total Value Locked (TVL), and second, its relatively small market capitalization. Edwards … Read more
On Thursdays morning, THETA, the indigenous digital currency of the decentralized Theta video delivery system, experienced a notable increase of approximately 9.12%, reaching a value of $3.0. In contrast, it had dropped to $2.76 the day prior. Based on CoinMarketCap’s statistics, THETA has experienced a gain of approximately 19.4% in the last week. Its trading … Read more
Uniswap, a decentralized crypto exchange, has announced its intention to respond after being issued a regulatory notice by the US Securities and Exchange Commission (SEC). Reacting to the SEC’s Wells notice on X, Uniswap CEO Hayden Adams noted: “I’m not surprised. Just annoyed, disappointed, and ready to fight.” The value of UNI, the native token … Read more
A researcher from South Korea’s Korbit crypto exchange, Kim Min-seung, who heads their Research Center, asserts that stock trading in the US holds considerable power over Bitcoin‘s price fluctuations. Min-seung pointed out that various elements are currently driving the fluctuations in the Bitcoin market instead of just a few standard macro factors that previously influenced … Read more
Binance, a well-known cryptocurrency exchange, has faced significant regulatory challenges in recent periods due to its ongoing dispute with the US Securities and Exchange Commission (SEC). Yet, during her appearance at the Paris Blockchain Week on April 10, Catherine Chen, Binance‘s head of institutional and VIP clients, described the $4.3 billion settlement reached between Binance … Read more
After over two months of significant Bitcoin outflows, the Grayscale Bitcoin Trust ETF (GBTC) experienced its smallest cash withdrawal on Thursday, with approximately $18 million being taken out based on market data. Since the Securies and Exchange Commission’s approval of spot Bitcoin ETFs in the US earlier this year, a total of around 300,700 Bitcoins, … Read more
The SEC, the United States securities regulatory body, has given Uniswap, a popular decentralized exchange (DEX), a warning signaling possible future legal proceedings. This notice, known as a Wells Notice, caused a significant drop in the value of Uniswap’s native token, UNI. Currently, UNI is priced at $9.37 on the market. In the past 24 … Read more
Officials in Paraguay are considering reversing their decision to ban Bitcoin mining after initially proposing such a measure last week. The proposed ban had gained some traction, but now there are plans to reevaluate the situation and ensure a carefully considered decision is made. Government officials have announced that a public hearing on Bitcoin mining … Read more
After the surprising 3.5% increase in US Consumer Price Index (CPI) for March was announced, causing higher-than-anticipated inflation, Wall Street and the crypto market experienced significant selling pressure. Later on, President Joe Biden shared his belief that the Federal Reserve would still reduce interest rates in 2023. Prior to this, various financial experts forecasted that … Read more
Recently, Stanislas Bernard, founder of Sinz 21st.Capital, explored the intricacies of Hong Kong’s potential approval of Bitcoin spot ETFs amid China’s deepening economic crisis. With China dealing with a historic debt-to-GDP ratio of 288% in 2023 and experiencing one of the most dramatic housing market collapses in three decades, the financial instability has led to … Read more