Grayscale has bought the dip and added 32K LTC coins to its Trust. Litecoin has enjoyed explosive growth as the preferred crypto pay option. In simpler terms, the value of cryptocurrencies, especially alternative coins, has dropped by around 30-40%, creating significant markdowns. For instance, Litecoin [LTC], which was previously worth over $112.8, is now trading … Read more
In March, Magic Eden, an online marketplace specializing in non-fungible tokens (NFTs) on the Solana blockchain, achieved its highest monthly sales volume. This figure exceeded that of the current industry frontrunner, Blur. The NFT trading volume on CoinGecko surged by 194.4% in March, reaching a total of $756.5 million. In contrast, Blur experienced only a … Read more
SOL’s Futures Open Interest has dropped to its lowest level in two months. Key technical indicators suggest that the coin’s price decline may continue. The open interest for Solana’s [SOL] futures contracts has dropped to its lowest point in the past two months, as reported by Coinglass, due to the overall market decline. The term … Read more
Bitcoin spot ETF sees zero netflow. GBTC holdings continue to decline. Since the successful authorization and debut of the Bitcoin [BTC] spot ETF, Grayscale’s Bitcoin assets have seen a decrease in value. For the first time since its inception, many platforms have reported no new investments following the ETF’s launch. Grayscale’s Bitcoin holdings halves A … Read more
After hearing the evidence presented during the trial, the jury is now considering their verdict on accusations against Avraham “Avi” Eisenberg for market manipulation and fraud linked to an $110 million scheme involving the Mango Markets decentralized exchange. In the United States District Court for the Southern District of New York on April 17, Judge … Read more
Senator Elizabeth Warren of the United States wrote a letter to Treasury Secretary Janet Yellen, expressing her concerns based on Deputy Treasury Secretary Wally Adeyemo’s testimony before the Senate Banking Committee on April 9. The focus of her letter was consistent with the discussion during the hearing: the importance of implementing effective measures against Money … Read more