Author: News Room
Binance, the world’s largest cryptocurrency exchange, started the day with an altcoin announcement and announced that many new altcoin trading pairs were listed. Accordingly, Binance announced that it has listed BCH/USDC, LQTY/FDUSD, LTC/USDC, MASK/TRY, PENDLE/USDC and RDNT/TRY trading pairs. “To expand the list of trading options offered on Spot and improve users’ trading experience, Binance will open trading on the following altcoin trading pairs as of 03.04.2024 08:00 (UTC). Spot trading pairs listed are: BCH/USDC, PENDLE/USDC, LTC/USDC, MASK/TRY, RDNT/TRY and LQTY/FDUSD.” Binance also stated that the listed altcoin trading pairs will not be available in some countries, saying, “Currently, users…
Data shows that whales have sent a massive amount of Solana (SOL) to the Coinbase exchange as the asset falls below the $200 mark. According to data from Whale Alert, four whale addresses sent a total of 806,711 SOL tokens — worth $158.86 million at the time of writing — to Coinbase at around 09:00 UTC on April 1. The large whale movements come as the Solana price falls below the $200 mark in the middle of bearish market sentiment. You might also like: Dogecoin up by 20% this week ahead of ‘Doge Day’ SOL is up by 0.14% in…
The Chief Legal Officer (CLO) of Ripple, Stuart Alderoty has again provided insights into the court decision in the SEC v. Coinbase legal tussle. On March 27, U.S. District Judge Katherine Polk Failla ruled in favor of the SEC, allowing the Coinbase lawsuit to proceed to the discovery phase. Alderoty has been commenting on the decision since it went public. Over the weekend, he suggested that the SEC presented a facade that would require the regulatory agency to provide strong evidence to support its allegations when the trial commences. Alderoty Faults Court’s Definition of Crypto Ecosystem In a post yesterday,…
In the aftermath of the FTX scandal, a narrative unfolds around three individuals closely linked to Sam Bankman-Fried. As Bloomberg reported recently, Caroline Ellison, Nishad Singh, and Gary Wang, once integral to the cryptocurrency exchange, played pivotal roles in the events leading to Bankman-Fried’s recent 25-year sentence for a multibillion-dollar fraud. As per Bloomberg, the […] Read the full article here
Binance Labs is known for investing in blockchain projects. Recently, it reportedly began offloading GMT tokens, the governance token of the STEPN app. Recent transactions involving Binance Labs and a former Coinbase engineer have stirred the cryptocurrency market. Is Binance Labs Selling GMT Tokens? Spot On Chain, an on-chain analytics platform, reported that Binance Labs’ address, 0x2e5, moved 9.33 million GMT tokens worth $3.14 million to a Binance deposit address. With around 9 million GMT tokens still in its possession, the movement of these assets has led to speculation about Binance Labs’ intentions regarding its GMT holdings. “Binance Labs, a…
Jordan Fish, known as Cobie on the social media platform X, has helped launched a new project called Echo, aimed at revolutionizing angel investment in the crypto market by allowing investors to pool funds for large investments. Echo distinguishes itself not just as another investment platform, but as a tool for breaking down barriers in […] Read the full article here
Shiba Inu (SHIB), one of the industry’s most popular meme coins and crypto ecosystems, trailed behind other popular tokens like Dogecoin (DOGE) last week, with a price decline of 8% on the weekly scale. However, SHIB might be poised for further growth, according to popular analyst Captain Faibik (CryptoFaibik on X). The analyst, citing data from a 6-hour chart, highlights the emergence of a symmetrical triangle, which traders consider a bullish pattern characterized by lower highs and higher lows. $SHIB #Shiba another 2x Bullish Rally incoming ✍️ pic.twitter.com/srIRdxAfPm — Captain Faibik (@CryptoFaibik) March 31, 2024 In symmetrical triangles, an asset…
Quick Take Bitcoin closed March on a strong note, achieving its highest monthly and quarterly closing prices above $70,000. The leading digital asset by market cap has experienced significant growth in 2024, with a year-to-date rally of over 57%, driven by increasing institutional adoption and investor interest. However, the new quarter started with a sudden downturn as Bitcoin fell to $69,000 on Apr. 1, resulting in over $218 million in liquidations across the digital asset market in the past 24 hours, as reported by Coinglass. According to Coinglass data, out of the $218 million liquidated, $151 million was attributed to…
A meme coin pre-sale on Solana (SOL) had a bad outcome for investors this weekend. After raising over $40 million in SOL to deploy its BOBAOPPA token, the notorious figure Machi Big Brother staked around 170,000 SOL and allocated just 50,000 SOL to the meme coin liquidity pool. As a result, the BOBAOPPA price quickly crashed by almost 50% and sits at a 40% loss at the time of writing. The crypto community went to X to vent their frustrations about the price crash and, more importantly, that Machi Big Brother kept most of the funds raised in the pre-sale.…
Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade throughout the digital asset marketplace both in the short and long term,” they warned. Congress Members Want to Know SEC’s Classification of Ether Forty-eight U.S. lawmakers sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler last week regarding ether (ETH) potentially being classified as a security by the Commission. In their letter,…