Bitcoin (BTC) experienced a significant drop below the $40,000 level, causing panic in the market. Analysts at the Greeks.live service observed the decline and its impact on investor sentiment.
Asset management firms in Europe have reduced fees on their Bitcoin exchange-traded funds (ETFs) by more than 60% in response to increased competition from U.S. offerings. In an interview with the Financial Times, Gary Buxton, Head of ETFs at Invesco, discussed the fee reductions and the need to remain competitive in the market.
As Dogecoin and Cardano continue to trend, investors are also exploring the potential of Pushd in the ongoing presale.
Coinbase, Consensys, and Paradigm are among the crypto industry leaders urging the US Treasury to reconsider its proposed reporting requirements for crypto mixer transactions. They cite concerns over lack of specificity and resource allocation in their comment to the Treasury Department’s Financial Crimes Enforcement Network.
Congresswoman Maxine Waters has expressed concerns about Meta’s recent trademark filings in the crypto space. In a letter to Meta executives, Rep. Maxine Waters seeks clarification on Meta’s plans in web3 and its intention to expand in the crypto industry.
Discover the on-chain data trends that are influencing the current decline of Solana (SOL) and gain insights into the anticipated price action for the upcoming week.
The FTT token, the native cryptocurrency of FTX exchange, experienced a significant increase in value after news broke out about the sale of GBTC shares. Within the past 24 hours, the FTT token rose by over 10% to reach a price of $2.83. This surge in value was accompanied by a notable increase in trading volumes.
Analysts are optimistic about the future of Helium (HNT) and Pullix (PLX), with expectations of a rally for both tokens. Additionally, Pullix is currently in its presale phase, attracting attention from investors.
A breach in the Polygon network has resulted in unauthorized transactions and a loss of approximately $7 million. The compromised token, $GMEE, was affected due to a lapse in access control. Investigations are underway to determine the extent of the breach and identify the responsible parties.
Litecoin and Tron are both experiencing upward trends in their prices. At the same time, traders are focusing on the ongoing Meme Moguls presale.
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