Why is the crypto market down today?
Back to News The crypto market opened December with a sharp downturn, wiping out more than $200 billion in value and dropping to around $3 trillion, its lowest level in a week. The total market cap fell over 5% on Monday, coinciding with heavy liquidations across the futures market totaling more than $640 million. Bitcoin […]
Bitcoin Drops Below $86.5K as Crypto Market Sinks
Back to News Bitcoin dropped below $86,500 late Sunday, which caused the broad sell-off of the major cryptocurrencies. Besides the depressing macroeconomic situation, the investor confidence was also affected by the recents security concerns. The plunge came after the fast decline in just three hours from around $91,300 to nearly $87,000, thus wiping the asset’s […]
Crypto Exchange Volumes Sink to $1.6 Trillion, Lowest Since June
Back to News In November, a sharp decrease was witnessed in the spot trading activity of crypto exchanges. The monthly total volume dropped to $1.59 trillion, which is the lowest level since June. The decline represents a 26.7% slide from October’s $2.17 trillion, as the market conditions have changed around the digital asset landscape, and […]
Sony Bank Moves Toward Regulated USD Stablecoin Under GENIUS Act
Back to News Sony Bank’s push to issue a fully regulated USD-pegged stablecoin marks a significant development in the global digital payments landscape, aligning the company with U.S. federal standards while leveraging the wider Sony ecosystem. Through its U.S. subsidiary Connectia Trust, which is applying for a national bank charter, Sony is transforming entertainment, gaming, […]
BTC & ETH Options Expiry Signals Incoming Volatility
Back to News A significant batch of Bitcoin (BTC) and Ethereum (ETH) options is set to expire this Friday, with large open interest levels positioned near “max pain” zones — a scenario that often leads to heightened price volatility across the crypto market. 📉 Key Numbers Driving the Market Around 147,000 BTC options and 573,000 […]
Coinbase Ventures Targets RWAs, DeFi and AI Innovation
Back to News Coinbase Ventures, the investment division of the leading cryptocurrency exchange Coinbase, has announced a major strategic shift in its investment priorities for the coming year. The firm intends to concentrate its efforts on real-world asset tokenization, decentralized finance innovation, and supporting the advancement of artificial intelligence infrastructure throughout the digital ecosystem. In […]
Texas Invests $5M in BlackRock Bitcoin ETF, Eyes Self-Custody
Back to News The Texas state government has made a bold move to embrace digital assets by committing $5 million to BlackRock’s spot Bitcoin ETF, marking a significant point in its changing way of dealing with cryptocurrency. The money put into the ETF represents the first stage of a more extensive $10 million plan that […]
Ethena’s USDe TVL Falls Over 50% as Leverage Unwinds Across DeFi
Back to News Ethena’s artificial stablecoin USDe, has seen its total value locked drastically dropped in half, from $14.8 billion in October to $7.6 billion, despite the onchain usage continuing to grow. This more than 50% decrease is indicative of the fast dismantling of the accounts that were highly leveraged in decentralized finance markets, mainly […]
Fuse Crypto Receives SEC No-Action Relief for Sustainability-Linked Token
Back to News Fuse Crypto Limited received a letter from the SEC Division of Corporation Finance stating that the office will not recommend an enforcement action to the SEC if the company proceeds with the offering and selling of its token under the specified conditions. The letter from the division states that the division will […]
Japan to Mandate Emergency Reserves for Crypto Exchanges, Report Says
Back to News It is reported that Japan’s Financial Services Agency is planning new regulations that would impose on domestic cryptocurrency exchanges the requirement to have an emergency reserve fund to cover the losses resulting from incidents such as a hack or a security breach. This action is designed to raise the level of investor […]
SPSC Jumps 130% After Trump-Linked Crypto Backs Token
Back to News SPSC memecoin skyrocketed by almost 130% after a one-of-a-kind announcement from World Liberty, a crypto initiative related to the ex-U.S. President Donald Trump’s family, that it intends to pump the token. The promotional stunt caused a quick upturn of the memecoin in terms of trading volume, advertising loudness, and exposure in the […]
Exodus Acquires W3C in $175 Million Deal to Expand Crypto Payments Stack
Back to News Exodus Movement, a provider of a self-custody crypto wallet, has planned an acquisition of W3C Corp, along with its subsidiaries Baanx and Monavate, for a total consideration of $175 million. The deal represents a strategic shift of the New York-listed company to the next level. The company aims to combine crypto-to-fiat payments […]
