Crypto World News
Crypto World News
The latest U.S. Consumer Price Index (CPI) report unveiled an inflation rate of 3.0%, surpassing the forecast of 2.9%. Core CPI climbed to 3.3%, sparking swift reactions across financial markets. Bitcoin, leading the crypto charge, initially dropped by 2.1% to…
Coincheck, a dominant cryptocurrency exchange in Japan, experienced a revenue jump of 75% in its third fiscal quarter ending on December 31, 2024. The increase, to ¥123.1 billion from ¥70.3 billion, came after it merged successfully with Thunder Bridge Capital…
New York State Senator James Sanders Jr. introduced the Crypto and Blockchain Study Act on February 12. The proposed legislation seeks to establish a task force of 17 members to evaluate the effects of widespread cryptocurrency use and the integration…
Coin Metrics has predicted a robust Q4 2024 for Coinbase, estimating $2 billion in revenue. This represents a 65% increase from Q3 2024 and a staggering 109% surge year-over-year. The bullish quarter was driven by heightened trading activity, spurred by…
Bitcoin’s prospects of becoming a $1.5 million asset are growing more probable, due to growing institutional interest, according to ARK Invest CEO Cathie Wood. In a video published on February 11, Wood pointed to the growing appeal of BTC to…
XRP is experiencing a downturn, currently priced at $2.40 after a 3.82% drop. With bearish signs emerging, traders are closely analyzing its next potential move. One prominent trader emphasized on Twitter that XRP’s price behavior mirrors a complex expanded flat…
Santiment’s latest data highlights a major shift in the crypto community’s focus. Bitcoin and top Layer 1 networks such as Ethereum, Solana, Toncoin, and Cardano dominate discussions. These foundational assets now account for 44.2% of conversations across crypto-related platforms. In…
Ethereum’s market is at a critical juncture as hedge funds take aggressive short positions while institutional investors continue accumulating. Data from CME reveals that leveraged funds’ net short positions have surged by 40% in a week and 500% over the…
The cryptocurrency venture capital market experienced a significant downturn in 2024, with total deal counts dropping from 653 in Q1 to just 351 in Q4—a sharp 46% decline. According to PitchBook’s Crypto VC Trends report, this marked a continuation of…
Gate.io, a leading cryptocurrency exchange, has announced a strategic partnership with Oracle Red Bull Racing, the eight-time World Drivers’ Championship-winning team. This multi-year agreement makes Gate.io the exclusive Crypto-Exchange Partner of the team, highlighting a major crossover between motorsports and…