Market News
Welcome to CoinEdition’s page for Market News! On this page, we’ll talk about all the latest developments in the cryptocurrency and blockchain market. CoinEdition ensures that you, our readers, are up to date with Market News happening 24/7 and from all over the globe. Market News, by definition, is important because these developments can quite literally affect the state of the market and thus your investments. Therefore, it is our responsibility at CoinEdition to compile all the Market News for posterity’s sake and for the sake of your investments. Therefore, grab your Press Releases and Announcements, and let’s dive into the shaky but exciting world of Market News here at CoinEdition.
BTC Targets $40K Mark After Overcoming the $38K Resistance
An X user shared in a post that BTC’s on-chain behavior is reflecting a cyclical pattern. At press time, BTC was trading at $38,765.40 following a 24-hour gain of 1.76%....
Sam Bankman-Fried On Suicide Watch While in Detention: Ex-Inmate
Borrello said the suicide watch lasted for only one day. Gene Borrello revealed that Sam Bankman-Fried was on suicide watch for a day while in jail. The ex-inmate said Bankman-Fried...
Reddit’s Official Moons Contract Renouncement Fuels Gains for MOON
In a recent statement, Reddit officially renounced the Moons contract and burned their remaining 98,000 Moons tokens. In a recent statement, the subreddit’s administrators declared, “The admins have officially renounced...
Altcoins on the Verge of a 2016-Style Rally, Says Crypto Analyst
Following the broader market recovery, altcoins saw considerable price booms, with some major tokens notching new annual highs. While that has slowed considerably, a crypto analyst predicts that another big...
Robinhood Shares Plans to Launch in the UK: Third Time Lucky?
The online trading and investment platform Robinhood shared on its official X page today that it will be making its way to the United Kingdom (UK) in early 2024. This...
US Warns Crypto Firms: Crack Down on Illicit Finance or Exit US Market
The U.S. government claimed that they would ban cryptocurrency companies from the U.S. economy and market if they failed to report and block illicit money flows. Deputy Treasury Secretary Wally...
IOTA Surges to 6-Month High with $100M DLT Foundation Launch
IOTA has announced the launch of the IOTA Ecosystem DLT Foundation in Abu Dhabi. This move marks a significant expansion of IOTA’s distributed ledger technology (DLT) into the Middle East....
Upbit Announces Listing of SPACE ID (ID) on Its BTC Market
The leading South Korean cryptocurrency exchange Upbit revealed in an announcement on its blog today that it will be listing SPACE ID (ID) on its Bitcoin (BTC) market. According to...
BIGTIME and STMX Enter South Korean Crypto Market via Bithumb
The popular virtual assets BIGTIME and STMX have landed in the South Korean crypto market via a leading local crypto exchange, Bithumb. In an official post, Bithumb announced that users...
Data Reveals GameFi Battles Existential Crisis, 2,127 of 2,817 Dead Games
The prominent market tracker Coingecko has published a new research report capturing the failures of the crypto-based GameFi industry. According to the report, the GameFi market, once hailed as the...
Cristiano Ronaldo’s Partnership with Binance Results in a Lawsuit
Footballer Cristiano Ronaldo has been sued by three investors for promoting Binance’s unregistered sale of securities. The investors allege that Ronaldo has been responsible for their losses as his promotions...
Grayscale Reports 24% Growth Sector Tracking NFTs, Web3 Games
In a recent report, Grayscale noted that its Consumer and Culture Crypto Sector saw significant growth alongside major cryptocurrencies like Bitcoin. Crypto applications covered in the sector include entertainment, music,...
Weekly Crypto Asset Inflow Strikes $346M, Highest Since 2021
A recent CoinShares report showed that $346 million was injected into the digital asset market last week in investment products. With that amount, it became the highest weekly inflow into...
AI Token Market Sees 200% Surge in Trading Volume, Crossing $3B
Over the past six weeks, there has been an outstanding increase in the cumulative weekly trading activities of cryptocurrency projects that focus on artificial intelligence. In a recent tweet, Kaiko,...
The FSB Recommends More Supervision for the Crypto Industry
According to the FSB, there is a need for increased regulation in the crypto industry. Multifunction crypto firms are those that combine trading and other activities, said the FSB. The...
Cryptocurrencies to ‘Eventually Leave the Scene,’ Says MAS Director
“Cryptocurrencies have miserably failed the test of money because they can’t keep value,” said Ravi Menon, managing director of the Monetary Authority of Singapore. At a panel discussion on the...
Crypto Analyst Considers the CFTC and Coinbase Move Illegal
Crypto trader Martin Folb, commonly known as MartyParty, shared that the Commodity Futures Trading Commission (CFTC) seeks information on subscriber behavior to “prove something” about the Bybit crypto exchange. He...
Memes on The Slide: DOGE, SHIB, PEPE, FLOKI and MEME Show Weakness
Led by Dogecoin (DOGE), the memecoin market has not had a good show since the start of November. For instance, DOGE’s value in the last 30 days has decreased by...
Top 7 Crypto Token Unlocks Expected to Happen in the Next 7 Days
According to Top 7 ICO, a crypto analytics platform, some of the biggest crypto tokens unlock events expected to happen in the next seven days involve DYDX, IMX, OP, SUI,...
Analyst Spots A Golden Cross On AltcoinMarketCap Monthly Chart
A renowned cryptocurrency analyst with the handle @el_crypto_prof on X (formerly Twitter) has alerted users to a forming trend in the altcoin market. According to the analyst, this event has...
XRPL Adoption By Banks Is Inevitable: Ripple Partner
Ripple recently secured a partnership with HSBC, a major global bank. Metaco’s CEO stressed the indirect correlation between Ripple’s success and XRPL’s. HSBC’s decision to partner with Ripple is not...
Crypto Analyst’s Weekly Watchlist: LINK, ATOM, DYDX, FXS, and More!
Cryptocurrency analyst ‘The DeFi Investor’ shared in an X post on Sunday what to expect in the world of decentralized finance and crypto. The analyst hinted at a busy week...
LUNC Soars to 3-Month High Post USTC’s Explosive Rally
TerraClassicUSD (USTC) has witnessed a significant surge, climbing over 160% within 24 hours. This surge, driven by a strategic investment by Terra Classic Labs (TCL), has had a cascading effect...
Link on the Verge of a Breakout as Staking Upgrade Set To Go Live
Technical indicators for Chainlink (LINK) suggest that the altcoin may surge soon as Chainlink Staking v0.2 is scheduled to start tomorrow. Following tomorrow’s launch, there will be a nine-day “Priority...
Circle Partners With SBI Holdings to Promote USDC Circulation in Japan
USDC issuer Circle has announced its partnered venture with SBI Holdings, the financial services company based in Tokyo, to promote the circulation of USDC and the establishment of Web3 services...
