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Today in Crypto: US Court Orders SEC to Respond to Coinbase's Rulemaking Petition Within 7 Days, Circle Gets Its Singapore MPI Licence, Cathie Woods Uses Drop in Coinbase Stock Price to Stock Up
7.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: US Court Orders SEC to Respond to Coinbase's Rulemaking Petition Within 7 Days, Circle Gets Its Singapore...
Bitcoin Trading at Premium on Binance US Amid SEC Lawsuit and Asset Freeze Motion
7.6.2023
As of June 7, 2023, recent data reveals that the value of bitcoin (BTC) is experiencing a premium on the Binance US exchange. The statistics show that on the American crypto trading platform, BTC is trading almost $400 higher for those utilizing the BTC/USD pair. Binance US Witnesses Bitcoin...
Bitcoin, Ethereum Technical Analysis: ETH Nears $1,900, as BTC Rebounds From 3-Month Low
7.6.2023
Bitcoin rebounded from a near three-month low on Wednesday, as traders moved to buy the latest price dip. Yesterday’s decline came as the U.S. Securities and Exchange Commission sued both Binance and Coinbase. Ethereum moved closer to $1,900 in today’s session. Bitcoin Bitcoin (BTC)...
Aave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet
7.6.2023
Aave Companies proposed two key features for the decentralized stablecoin in a governance post on Tuesday
Binance Records Significant Outflows of BTC, ETH, and Stablecoins Exceeding $1.45 Billion
7.6.2023
Binance, the world’s largest cryptocurrency exchange by trade volume, saw significant outflows of bitcoin, ethereum, and stablecoins starting on June 3, 2023, according to data from cryptoquant.com. In the past 68 hours, Binance has seen bitcoin outflows of around 15,438 BTC worth more than...
Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point
6.6.2023
On-chain data from Glassnode shows market participants averting risk and seeking shelter in stablecoins and BTC as the crypto market nears a decisive move
Optimism Completes ‘Bedrock’ Hard Fork, in Pursuit of Superchain
6.6.2023
Developers behind the layer-2 scaling solution for Ethereum say the upgrade will reduce gas fees and cut deposit confirmation times
Crypto Prices Rising Again After Regulatory FUD: Bitcoin, Ethereum & Meme Coins Bounce After Escaping SEC Wrath
6.6.2023
Despite a new round of regulatory FUD (fear, uncertainty and doubt) from the US Securities and Exchange Commission (SEC) in wake of their just-announced lawsuit against Coinbase, crypto prices are rising again.
Bitcoin (BTC), Ether (ETH) and a number of meme coins like Dogecoin (DOGE) and Shiba...
The Ethereum Shanghai upgrade: Everything you need to know
6.6.2023
The Shanghai upgrade allows validators to withdraw the staked ether (ETH) that has been locked in the network
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $26,000, as SEC Sues Binance
6.6.2023
Bitcoin plunged to its lowest point in over two months, as markets continue to react to the SEC versus Binance lawsuit. The Securities and Exchange Commission (SEC) is suing the crypto exchange for violation of U.S securities laws. Ethereum was also in the red, dropping below $1,800 in the process....
Binance Sees $700 Million in Ethereum Outflows Amid SEC Charges, Highest Since March Crypto Crisis
6.6.2023
The world’s largest crypto exchange, Binance, saw outflows of more than $700 million on the Ethereum network alone on Monday after news broke that the exchange is being sued by the US Securities and Exchange Commission (SEC).
The news of the outflows was shared by on-chain analysis platform Nansen...
Ethereum Price Prediction Following SEC's Exemption of ETH as a Security in Binance Lawsuit – Time to Buy?
6.6.2023
The price of Ethereum (ETH) has dropped by 3% in the past 24 hours, slipping to $1,816 as the cryptocurrency market reels from the news that the SEC has sued Binance and its founder Changpeng Zhao with 13 violations.
ETH hasn't been as badly affected as other cryptocurrencies by this news, with...
Global Investment Firm VanEck Predicts Ethereum's Price by 2030 – Here's What You Need to Know
6.6.2023
Global investment firm VanEck expects the price of ETH to reach $11,800 by 2030 given that Ethereum achieves $51 billion in annual revenue in that year.
The report, written by VanEck’s digital assets research head Matthew Sigel and its digital assets senior investment analyst Patrick Bush...
Binance sees $778M net outflows on Ethereum blockchain amid SEC charges: Nansen
6.6.2023
The SEC lawsuit against Binance led to an outflow of over $700 million worth of assets on Ethereum in the past 24 hours with outflows from the exchange still dominating inflows
Crypto sentiment index dips back to March ‘fear’ levels amid Binance lawsuit
6.6.2023
Meanwhile, total liquidations have topped $280M in the last 12 hours as crypto market sentiment has turned more fearful
Optimism 'Bedrock' Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to 'Superchain'
5.6.2023
The "Bedrock” upgrade will improve the usability of the chain by lowering gas fees and cutting deposit-confirmation times by 90% – pitched as a key step toward the Optimism network's goal of becoming a "Superchain."
Price analysis 6/5: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC
5.6.2023
Bitcoin and several altcoins took a beating on reports that the SEC filed a suit against Binance in the United States District Court
The secret to mastering Ethereum trades begins with Avorak AI
5.6.2023
Cryptocurrency trading amidst volatility and market dynamics can pose significant challenges to traders. Automation helps traders navigate the complexities of the competitive and ever-evolving world of Ethereum trading. Avorak AI Trade Bot stands as a game-changer, enabling traders to unlock their...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Start the Week Lower, as Market Volatility Remains High
5.6.2023
Cryptocurrency markets consolidated to start the week, with bitcoin trading below the $27,000 mark during today’s session. Volatility has been significantly higher in the past few days, as the unemployment rate in the United States surged to a multi-month high. Bitcoin Bitcoin (BTC)...
Ethereum Validator Activation Queue Grows: 90,000+ Validators Waiting in Line
5.6.2023
Ethereum faces congestion for validators to enter and begin staking in the protocol. According to data from Wenmerge, an information dashboard, more than 90,000 validators are waiting to provide protocol validation services on Ethereum. This means a validator entering the queue today must wait more...