Showing articles in DEX

SEC Faces Shift as Another Democrat Resigns, Leaving Republicans in Charge

Jaime Lizárraga's resignation from the SEC hints at a potential shift in the Commission's policies towards digital assets as chair Gary Gensler prepares to exit.

Market News

Dogecoin Soars After Elon Musk's Hint about Payment Features on X

Speculation around Elon Musk's recent tweet raises expectations for Dogecoin-related payment features on the social media platform X.

Crypto

AI-Driven Investment Fund Predicts Bitcoin Could Reach $140K

Intelligent Alpha's AI management forecasts an optimistic future for Bitcoin based on market conditions.

Business

Phantom Wallet Surpasses Coinbase as Memecoin Trading Popularizes On-Chain

Phantom, a decentralized crypto wallet, has outpaced Coinbase in the Apple App Store, reflecting traders' shift towards high-risk memecoins.

Policy

Polymarket Restricts Access for French Users Amid Legal Scrutiny

Investigation into Polymarket highlights legal issues in France as the prediction market blocks access to French traders.

Market Analysis

CoinDesk 20 Index Sees Significant Gains with XRP Leading the Charge

The CoinDesk 20 Index has experienced a notable increase, with XRP jumping 19.6% and Stellar following closely with an 18.9% rise.

Finance

Shift to Altcoins Begins as Gensler's Departure Approaches

Significant price movements in the crypto markets are observed as Gary Gensler prepares to exit his role at the SEC.

Policy

UK to Create New Regulations for Cryptocurrency and Stablecoins Soon

The U.K. is set to introduce a regulatory framework for the crypto industry early next year amidst evolving regulations in the European Union.

Policy

Binance Expands Compliance Team by 34% Amid Industry Evolution

Binance undertakes a major overhaul of its compliance department, expecting to increase its full-time compliance staff significantly by the end of the year.

Market News

Cardano's ADA Achieves a 2.5-Year Peak at 90 Cents with Whale Holdings Surpassing $12B

Cardano's ADA cryptocurrency reaches its highest price since May 2022 as large investors rally behind it.

Crypto

Bitcoin Approaches $100K Amid Record Crypto Market Valuation

Bitcoin is nearing the $100,000 mark, with the overall cryptocurrency market cap reaching an all-time high of $3.4 trillion fueled by strong demand and investor optimism.

Crypto

XRP Spikes 25% as Regulatory Climate Shifts Favorably

XRP experiences a notable surge in price amidst positive regulatory developments for crypto in the U.S.

Crypto

Solana's Token Hits New Heights Over $260 Amid Strong Market Activity

Solana's SOL token sees significant gains driven by meme coin trends and increasing decentralized finance (DeFi) usage.

Investment

Bitwise Enters Competition for Solana ETF Amid Regulatory Changes

Bitwise has become the latest firm to pursue a Solana exchange-traded fund (ETF) as the regulatory landscape shifts with Donald Trump's anticipated return to power.

Finance

MicroStrategy Sees 16% Drop Despite Bitcoin Surge Amid Valuation Concerns

MicroStrategy's stock declines significantly even as Bitcoin nearly hits $100,000, raising valuation questions.

Crypto

Charles Schwab to Directly Offer Cryptocurrency Services to Clients, Says Incoming CEO

Rick Wurster, the incoming CEO of Charles Schwab, indicates the bank's imminent plans to offer direct cryptocurrency investments to its clients, pending regulatory changes.

Finance

Media's Obsession with Crypto's Negatives Hides Significant Innovations

The media's focus on the least reputable aspects of cryptocurrency obscures genuine advancements in the sector, particularly in stablecoins, DePIN, and DeFi.

Blockchain

Ethereum's Proposal for Transformative Blockchain Overhaul

Leading teams in Ethereum's layer-2 networks react positively to a new proposal intended to enhance blockchain efficiency without making existing layers obsolete.

Policy

U.S. SEC Struggles After Court Ruling Reverses Crypto Dealer Rule

A federal court in Texas has mandated the Securities and Exchange Commission to repeal its newly defined dealer rule that impacted cryptocurrency firms.