Base Network Suffers 1st Downtime Since Debut, Halts Operations for 29 Minutes
Base, Coinbase’s (COIN) Ethereum layer-2 scaling product, ground to a halt for the first time since its 2023 debut, disabling critical functions including block production, deposits, withdrawals and flashblock operations for 29 minutes before service resumed. The incident occurred at 06:15 UTC as a result of an “unsafe head delay,” according to Base’s incident status […]
CFTC and SEC Launch Crypto Sprint to Reform U.S. Regulations
A new phase in crypto regulation officially began on August 1, as the Commodity Futures Trading Commission launched what it’s calling a “crypto sprint.” Acting Chair Caroline Pham confirmed that the CFTC is teaming up with the SEC, led by newly appointed Chair Paul Atkins, to fast-track parts of Trump’s crypto roadmap. This move follows […]
Crypto Spot Trading Initiative Launched by Caroline Pham in The U.S.
The U.S. Commodity Futures Trading Commission (CFTC) has announced a new initiative to allow spot crypto asset contracts to be listed and traded on officially registered platforms known as Designated Contract Markets (DCMs). This move is aimed at bringing regulatory clarity to how retail trading involving leverage, margin, or financing can legally take place under
Litecoin Surges Over 11% in a Week, Analysts Eye $350 Breakout Target
Litecoin (LTC) is making headlines this week as its price climbs steadily despite the overall calm in the crypto market. Over the past 24 hours alone, LTC jumped by 9.55%, and over the past week, it has gained more than 11% in value. At the time of writing, Litecoin is trading around $121.30, with a
110x Return in 3.5 Months: Trader Became Paper Millionaire With This Meme Coin
TL;DR Due to their volatile nature, meme coins have created another success story, turning a relatively small investment into a massive fortune. That precise nature, however, has also led to numerous crashes in the past, so traders should be wary when dealing with them and not follow and invest blindly. From $22.8K to $2.48M in […]
Verb Technology Secures $558 Million to Launch Public Toncoin Treasury
Verb Technology, listed on Nasdaq, is transitioning into a crypto treasury firm. The company announced a $558 million private placement. This deal is part of its plan to launch the first publicly traded Toncoin (TON) treasury. It also intends to rebrand as TON Strategy Co. after closing the transaction around August 7. 🚨JUST IN: VERB […]
CFTC Seeks Public Feedback on Spot Crypto Trading Rules
The CFTC unveils plans to allow spot crypto trading on registered futures exchanges. Public feedback is sought on listing crypto spot contracts by the August 18 deadline. Coordination with SEC’s Project Crypto signals potential unified U.S. crypto oversight. The U.S. Commodity Futures Trading Commission (CFTC) has launched a new initiative that could reshape how Americans […]
XRP Price May Be ‘Controlled’ By This Market, Says Analyst
An independent market analyst who tracks on-chain order-flow data says South Korea’s Upbit exchange may now wield outsized influence over the spot price of XRP, the world’s fifth-largest crypto-asset by market capitalization. In a series of posts on X, the trader known as “Dom” (@traderview2) published a chart of cumulative-volume-delta (CVD) across eight venues that […]
A Year Ago Today, Bitcoin Hit $49K on Yen Carry Trade Unwind, Now It’s Up 130%
One-year ago today, markets were rattled by the unwind of the yen carry trade. As Japan shifted toward a tighter monetary policy and bond yields rose, the strategy of borrowing in a low-interest currency like the yen to buy higher-yielding assets became less attractive. At the time, capital rapidly fled risk assets. Bitcoin (BTC) fell […]
From Airdrop to Freefall: Celestia’s Tokenomics Under Fire
When Celestia airdropped its TIA token to 580,000 users in 2023 it was the plat du jour among traders and investors, with the project saying the release aligned with a new “modular era.” However, despite rallying to a dizzying $20 price point in September, 2024, it has since slumped to less than $1.65 in a […]
New White House Order Could Punish Banks for Dropping Customers Over Beliefs
The White House is preparing an executive order that would penalize banks for cutting off customers over their beliefs. The order, reported on by the Wall Street Journal, is expected to be signed by President Donald Trump as early as this week. It would direct banking regulators to investigate whether financial firms violated the Equal […]
Dogecoin Is Bouncing Back But Experts Say This Coin Has The Best Risk to Reward Ratio Now
Dogecoin price has seen a noticeable bounce over the past week, climbing back above $0.21 after a dip driven by a decline in meme coin sentiment. Major influencers and retail traders are returning, spurring renewed interest. However, seasoned investors are cautious, watching for solid fundamentals before backing DOGE long-term. Meanwhile, beneath the noise of meme […]