Solana Down More Than 9% Within 24 hours
Over the past 24 hours, Solana’s (CRYPTO: SOL) price has fallen 9.27% to $120.87. This continues its negative trend over the past week where it has experienced a 22.0% loss, moving from $157.77 to its current price. The chart below compares the price movement and volatility for Solana over...
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Movement launches Public Mainnet Beta with a $250M starting TVL
The Movement Network Foundation has launched Movement Public Mainnet Beta, featuring permissionless smart contract deployment and a canonical Movement bridge. According to a press release sent to crypto.news, the Movement Public Mainnet is the first Move-based chain that settles to…...
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Bitcoin (BTC) Collapses Below $80K, What’s Next?
Boring days in the world of crypto have become such a rarity lately. Most leading digital assets have experienced huge volatility in the past several days, with Bitcoin (BTC) being an evident example. Its price briefly stabilized at around $86,000 over the weekend before heading south at the start...
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Facebook-Developed MoveVM Gets Closer to Ethereum Deployment With Public Mainnet Beta Launch
Blockchain firm Movement’s public mainnet is set to launch in beta, continuing the progress toward deploying Movement Virtual Machine (MoveVM) on Ethereum. The mainnet will roll out Monday with over $233 million worth of BTC, ETH, and native assets, MOVE, in liquidity raised through Movement’s Cornucopia program. Read more:...
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Cayman Islands Now Requires Licensing for Crypto Custody and Trading Companies
The Cayman Islands, an autonomous British Overseas Territory in the Caribbean that has attracted many crypto firms over the past several years thanks to its friendly regulatory structure, now requires companies that provide custody and trading services to obtain a license. According to the country’s updated Virtual Asset (Service...
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CoinW interview: Bitcoin dominance grows as altcoin market struggles
crypto.news caught up with CoinW to discuss the current crypto market climate, Bitcoin’s possible trajectory, ongoing macro tensions, and the beleaguered altcoin landscape....
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Crypto bloodbath drives options buying as volatility surges
The current crypto bloodbath is pushing investors to seek protection by buying options. According to Bybit X Block Scholes crypto derivatives analytics report, the current crypto market downturn has pushed investors to buy options as a way of hedging against…...
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Kraken secures UK EMI license, expanding crypto services for British users
Kraken has obtained an Electronic Money Institution license from the UK’s Financial Conduct Authority. The approval allows Kraken to issue electronic money and facilitate faster deposits and withdrawals for UK customers. With this authorization, the exchange can establish partnerships with…...
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$3.8 Billion in Bitcoin and Ethereum Outflows, What Does it Mean?
For the third week in a row, digital asset investment products have seen investors pull out funds. This past week alone marked a historic $2.9 billion in outflows which pushed the cumulative figure to $3.8 billion over three weeks. CoinShares stated that this reversal is likely influenced by the...
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Coinbase exec: U.S. crypto policy shift marks ‘huge regulatory unlock’
Coinbase’s regional director for Southeast Asia Hassan Ahmed discussed his thoughts on crypto’s current selloff and the implications of shifting U.S. policies in a Bloomberg interview. Ahmed said he is bullish on the long-term outlook for the digital asset industry…...
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