Month: July 2024

South Korea’s FSC Nominee Says Past Crypto Chaos Calls for Strong Investor Protection

by

Kim Byoung-hwan, the nominee for head of South Korea’s top financial regulator, the Financial Services Commission (FSC), expressed caution about corporations holding bank accounts for cryptocurrency transactions. Speaking at a parliamentary session on Monday, Kim, a former vice finance minister, emphasized: “Taking into consideration the chaos we have experienced in the virtual asset market in … Read more

Arkham Transfers $487.24 Million In $ARKM To Coinbase Prime For Compliance

by

In a significant move to meet regulatory and tax requirements, Arkham has withdrawn $487.24 million worth of $ARKM tokens from its vesting contract and transferred them to Coinbase Prime Custody. Within the past 48 hours, the Arkham team moved 304.5 million $ARKM, valued at approximately $477 million, to Coinbase Prime. Arkham Withdraws $487.24 Million in … Read more

POPCAT’s 117% Surge Sparks Mainstream Interest: A Potential Correction Ahead?”

by

POPCAT, a meme coin built on the Solana blockchain, has recently grabbed the attention of mainstream traders with a dramatic 117% price surge since July 11th. Such rapid increases often draw significant market interest but can also signal an impending correction, offering potentially better entry points for investors. 😺 POPCAT has drawn attention from mainstream … Read more

Binance Completes 28th Quarterly BNB Burn, Removing $971M Worth Of Tokens

by

Binance has just wrapped up its 28th quarterly BNB burn, eliminating a total of 1,643,699 BNB, which is valued at approximately $971 million. This latest burn did not include the Pioneer Burn Program, focusing solely on the regular quarterly reduction. Binance’s ongoing commitment is to burn BNB each quarter until half of the total supply, … Read more

Ethereum Struggles At $3,500 Resistance As Major Whales Make Moves Ahead Of ETF Launch

by

Since July 16th, Ethereum (ETH) has faced significant difficulty breaking through the $3,500 resistance level. This challenge is partly due to the 3.13 million addresses that acquired ETH at an average price of $3,547. Many of these addresses are currently holding their ETH at a loss, which contributes to increased selling pressure and complicates ETH’s … Read more

Crypto Market Rebounds: Biden’s Political Moves And Mt. Gox Activity Stir Up Volatility

by

After a surprising rebound over the past two weeks, Bitcoin and the broader cryptocurrency market have quieted down, especially as BTC approaches the $70,000 mark once again. The previous calls for a bear market in early July have faded as market sentiment shifts. 🤫 The crowd’s gone silent after Bitcoin and crypto have enjoyed a … Read more

You have not selected any currencies to display