Ethereum Eyes $4,000 as Transaction Fees and TVL Surge
ETH price forms bullish pattern amid soaring network activity and renewed investor confidence Ethereum (ETH) is showing strong bullish momentum as it forms a classic technical pattern on the daily chart, signalling a potential price rally towards the $4,000 mark. With transaction fees hitting a three-month high and total value
Cetus DeFi Platform on Sui Blockchain Hacked for $260M, Majority of Funds Recovered
Cetus, the largest decentralised finance (DeFi) platform on the Sui blockchain, was exploited on Thursday, 22 May, resulting in the theft of over $260 million in various crypto assets. The incident marks the biggest DeFi hack in Sui’s short history, dealing a significant blow to its growing ecosystem. Major Exploit
Bitcoin Suisse Gains Regulatory Nod to Expand into UAE Market
Swiss crypto financial services firm Bitcoin Suisse has received in-principle approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), marking its first expansion outside the European Union. This move positions the company to offer regulated crypto services in one of the Middle East’s fastest-growing
Yield-Bearing Stablecoins Surge to $11B, Grabbing 4.5% of Market Share
Yield-bearing stablecoins have witnessed explosive growth in 2024, surging to $11 billion in circulation and now accounting for 4.5% of the overall stablecoin market. This marks a dramatic rise from just $1.5 billion and a 1% market share at the beginning of the year, according to a report released by
Germany Missed Out on $2.3B Profit by Selling Bitcoin Too Soon
The German government has come under scrutiny after missing out on over $2.3 billion in potential profit by selling its Bitcoin holdings in mid-2024. According to blockchain intelligence firm Arkham, Bitcoin was sold at an average price of $57,900, well below its current market value, which has surged over 80%
Supreme Court of India Urges Government to Regulate Cryptocurrency Amid Economic Concerns
Top Court Questions Crypto Regulation Despite Taxation India’s Supreme Court has questioned the government’s inaction on regulating cryptocurrencies like Bitcoin, despite having imposed a 30% tax on digital assets. The Court raised concerns about the potential risks posed by an unregulated crypto economy during a recent hearing linked to an
Australian Court Ruling Could Unlock $640M in Bitcoin Tax Refunds
A landmark court ruling in Australia may pave the way for up to $640 million in Bitcoin-related tax refunds, challenging the Australian Taxation Office’s (ATO) long-standing stance on cryptocurrency. Judge Rules Bitcoin Is ‘Money’, Not a Taxable Asset In a decision that could reshape the country’s cryptocurrency tax landscape, a
XRP Faces Potential Slide to $2 Amid Bearish Chart Pattern and Falling Futures Interest
XRP’s Bearish Head-and-Shoulders Pattern Signals Trouble XRP is flashing bearish warning signs as a classic head-and-shoulders (H&S) pattern confirms on its short-term chart, hinting at a potential price drop to the crucial $2 support level. The bearish setup coincides with a sharp decline in XRP futures’ open interest, declining trader
Ethereum Price Drops Below Key Support: Analysts Remain Optimistic
Ethereum (ETH) saw a sharp decline in price on 19 May, falling below a crucial support level as the broader cryptocurrency market underwent a widespread sell-off. Despite the downturn, several analysts view the dip as a potential buying opportunity, expecting a recovery in the near term. Ether Drops Over 5%
Tether Surpasses Germany in US Treasury Holdings Amid Market Volatility
Tether, the world’s largest stablecoin issuer, has overtaken Germany in US Treasury holdings, solidifying its position as a major force in the global financial landscape. The company’s strategic diversification into traditional assets such as US Treasury bills and gold has helped it absorb the recent volatility in the cryptocurrency market.
