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Since February 2024, Bitcoin (BTC) has traded in a price range between $60,000 and $72,000, with two deviations. This has carved a mostly neutral momentum for the leading cryptocurrency, now seeing its trading and transaction volume fade away. Finbold retrieved data from Santiment on June 2 showing both metrics with the BTC price, currently at $68,100. In particular, the seven-day trading volume plummeted below $14 billion to the same level as 2023, when Bitcoin traded below $30,000. Moreover, the chart evidences a lack of interest in Bitcoin trading and on-chain transaction volume s, with the second remarkably low. As observed, the network registered only 722,000 BTC moved in seven days. This contrasts with the 1.79 million BTC in October 2023, with a similar trading volume and half the price. Picks for you Economic meltdown imminent...

The Honduras banking regulator has implemented immediate measures prohibiting institutions under its authority from engaging in cryptocurrency trading .  In a resolution, the National Banking and Securities Commission or CNBS noted that the move takes effect immediately and aims to mitigate the risks of fraud and money laundering, Reuters reported on February 16.  Entities under its mandate are instructed not to ‘maintain, invest, intermediate, or trade in cryptocurrencies, crypto-assets, virtual currencies, tokens, or similar virtual assets not issued or authorized by the central bank’. Notably, this ban was imposed despite the absence of formal legislation regulating cryptocurrencies in the Central American country.  Picked for you Avalanche sell-off alert: Nearly $400M of unlocked AVAX 16 hours ago Funds locked in DeFi surged 100% in 4 months, reaching 2-year high 18 hours ago 3 cryptocurrencies to reach $100 billion market cap in 202...

Bitcoin miner Marathon Digital has seen its stock trading volumes soar, topping U.S. mid and large-cap stocks ahead of a potential spot Bitcoin ETF approval. In the past 24 hours, the firm’s trading volume exceeded 105 million shares, outperforming tech giants like Tesla, Apple, and Amazon, as per Yahoo Finance’s market data. Marathon Digital’s shares lead in trading volume over the past 24 hours | Source: Yahoo Finance Riot Platforms, another significant player in the Bitcoin mining sector, also marked a notable presence, ranking as the sixth most-traded stock with over 40 million shares traded in the same period. This surge in Bitcoin mining stock s is attributed to the mining industry’s expansion efforts in anticipation of the potential approval of a spot Bitcoin exchange-traded fund (ETF) in early January, coupled with the upcoming Bitcoin halving event in April. You might also like: Marathon Digital’s stock performance peaks in 2023 as BTC...

The anchored euro (AEUR) stablecoin, which is supposedly pegged to 1 euro, surged over 200% on Dec. 5 after being listed on the crypto exchange yesterday. Throughout most of the day, the AEUR-USDT trading pair hovered around $1.08, aligning closely with the prevailing EUR-USD exchange rate, as per Binance’s trading data. However, at approximately 17:45 UTC, the token’s value began to climb rapidly, accompanied by high trading volumes, reaching a peak of $3.25. Binance halts trading on euro stablecoin $AEUR after it pumped 170% pic.twitter.com/uHgxBgSLQM — db (@neuralinkdb) December 5, 2023 Binance responded to this unexpected volatility by halting trading of the token, as announced in a later X post. #Binance has suspended trading of $AEUR due to abnormal volatility. Thanks for your patience and our team is working towards reopening trading soon.https://t.co/F80OVDG1qk — Binance (@binance) December 5, 2023 AEUR is issued by Anchored Coins, a Swit...

Greed, irrationality and anxiety have contributed to chaos in the crypto market. Investors should work on self-improvement if they want the industry to succeed. In 2021, it seemed as if 10 new Disneys — and the next 20 Picassos — were emerging from blockchain and various nonfungible token (NFT) collections. Exorbitant NFT values that year signaled strong belief in many projects. But two years later, those “next Disneys” have delivered little. The situation has created significant market frustration and disillusionment among investors and enthusiasts alike. Project failures are often attributed to founders. Yet, the greed, anxiety, and irrationality prevalent among Web3 participants have also played a substantial role in the ecosystem. Related: 3 theses that will drive Ethereum and Bitcoin in the next bull market We’re in a complex environment where even the most skilled and visionary founders find it challenging to navigate the market dynamics. This often leaves a trail of unfinished...

According to recent data compiled on Dune Analytics, Banana Gun, a Telegram DEX trading bot, has shown daily trading volume of over $16 million. This is part of a growing trend in bot usage, which is now estimated to exceed a cumulative total of $4 billion. Banana bot active users The Dune Analytics dashboard shows that the trading bot registers approximately 19,000 trades daily among its 3,000 active users. Since its inception in June, the platform has garnered a substantial user base, boasting almost 46,046 lifetime users. This popularity is reflected in its lifetime trading volume , which has reached a substantial $589 million. Banana Gun Bot | Source: DuneAnalytics Banana Gun is just one of the categories of trading bots that developers create for users to easily trade meme coins, farm airdrops, and bridge tokens.  You might also like: Dune analytics finds false data on Uniswap’s NFT aggregator A subject of hacking Unfortunately, alon...

The world’s largest so-called decentralized exchange, Uniswap, has introduced a 0.15% fee on its most popular trading pairs — a move that will not benefit UNI tokenholders. Incredibly, Uniswap Labs founder Hayden Adams claims that this new fee is separate from Uniswap Protocol’s fee switch function, which UNI token holders govern. Aggravating UNI holders with this decision continues a long history of overlooking Uniswap’s curious coin offering. Indeed, the price of UNI has declined 91% since its all-time high. Worse, Uniswap functioned for two years without the need for any governance token. Coinciding with a generous allocation to Adams and a group of early insiders, Uniswap oddly bolted its UNI token onto its otherwise well-functioning ecosystem on September 16, 2020. With $3 billion in total value locked (TVL) and a #1 ranking on DEX volume leaderboards, Uniswap .org is by far the world’s most popular website to swap digital assets in a non-custodial manner. It has process...

An impending US government shutdown may be accelerating the launch of Ethereum futures ETFs, analysts suggest. Ethereum futures exchange-traded funds (ETFs) could start trading for the first time in the United States as early as next week, according to Bloomberg analyst s. On Sept. 28, Bloomberg Intelligence analyst James Seyffart said it was “looking like the SEC is gonna let a bunch of Ethereum futures ETFs go next week potentially.” His comments were in response to fellow ETF analyst Eric Balchunas who said he was hearing that the SEC wanted to “accelerate the launch of Ether futures ETFs.” “They want it off their plate before the shutdown,” he said, adding that he's heard the various filers to update their documents by Friday afternoon so they can start trading as early as Tuesday next week. Looking like the SEC is gonna let a bunch #Ethereum futures ETFs go next week potentially https://t.co/YoBD1d1ay8 — James Seyffart (@JSeyff) September 28, 2023 The U.S. government i...

Prosecutors claimed Nathaniel Chastain profited from inside information as to which NFTs would be featured on the marketplace. The former OpenSea manager who was accused of insider trading of NFTs has been convicted on May 3 of wire fraud and money laundering in a New York federal court, according to a report from Reuters. According to prosecutors, Nathaniel Chastain, a former Product Manager at OpenSea, was in charge of choosing which NFTs would be featured on the website’s non-fungible token (NFT) marketplace. After making these decisions, he frequently purchased these NFTs and then resold them after they had been featured, prosecutors said. He was charged with wire Fraud and money laundering on June 1 in connection with these alleged transactions.  OpenSea's home page displaying featured NFTs. Source: OpenSea The trial began on April 24 and has been watched closely by lawyers specializing in crypto-related issues. Some legal experts have argued that the outcome of the case may ...

Join Our Telegram channel to stay up to date on breaking news coverage Recently, a new annual Independent Reserve Cryptocurrency Index (IRCI) survey was conducted in Singapore, polling around 1,500 local residents on their stance in regard to cryptocurrency assets. The survey was conducted in February 2023; the results were published yesterday, March 28th. One of the most interesting findings is that Singaporean women are slightly more likely to make money from cryptocurrency investment or at the very least, break even than their male counterparts. How many Singaporeans 🇸🇬 do you think own #crypto? We surveyed over 1,500 Singaporeans about crypto, see our survey results in the thread below. 👇 🧵 1/7 — Independent Reserve (@indepreserve) March 29, 2023 The results of the survey The survey , conducted by the crypto exchange Independent Reserve, noted that 76% of women reported either profiting or breaking even. Their male c...

Different from traditional markets, the crypto market has its own set of key questions to consider when analyzing a project and its assets. Fundamental analysis is the process of finding the intrinsic value of an asset, with the goal to determine whether the asset is overvalued or undervalued. That information can then be leveraged along with technical analysis to decide whether to invest in or trade an asset. In cryptocurrency fundamental analysis, the approach is somewhat different than that typically used to evaluate legacy market assets. Crypto assets don’t have the historical data required, because there’s usually no history of earnings reports or profit and loss statements. For cryptocurrency analysis, all the available information on the asset needs to be sought out through research that includes investigating its use cases, its network, the team behind the project, vesting schedules, the list goes on. By looking at the right set of factors, traders can determine the fundamenta...

When evaluating the crypto market, Bitcoin Jack looks at multiple components from a self-made list, basing his analysis more on timing than specific price levels. Well-known Twitter personality Bitcoin Jack, who tweets as @BTC_JackSparrow, joined Cointelegraph’s Crypto Trading Secrets Podcast for an interview, which was recorded on Dec. 19. Jack covers many topics in the episode, including how he looks at the crypto space and prioritizes timing over price levels — “when” over “where.” Jack analyzes the crypto market based on a self-made list of possible risk factors.  “When I look at ‘when,’ I’m trying to figure out what’s going on and what I want to see in the market to happen before I kind of think that the list of risks dissipate out of the market enough,” he explained when answering a question about Bitcoin’s (BTC) price at the time of recording. Jack mentioned that he maintains a personal list that includes crypto industry entities, global economic factors and other component...