Get your daily, condensed roundup of the latest blockchain and cryptocurrency news, delving into the lesser-known stories making waves today.
Market Movement: Today, the crypto market is witnessing a surge, with the total market capitalization up by 4% to $2.538 trillion over the past 24 hours. Notably, among the top 100 coins by market cap, only one, Celestia (TIA), has experienced a decrease, dropping by 4.6% to $10.18. Conversely, leading the gains are coins like CORE, Zebec Protocol (ZBC), and NEO, with increases of 40%, 31%, and 30%, respectively.
Top Performers: All top 10 coins are displaying positive movements today. Toncoin (TON) leads the pack with a nearly 13% increase to $7.1, followed by Solana (SOL) rising by 8.9% to $151.64. Notably, Solana developers have announced updates to address recent network congestion issues.
Market Insights: Ethereum (ETH) has surged by 7% to $3,237, while Bitcoin (BTC) has seen a 3% increase to $66,050. Moreover, digital asset investment products witnessed smaller outflows last week, totaling $126 million. Despite this, trading volumes experienced an increase, reaching $21 billion week-on-week.
Regulatory Developments: In significant news from Hong Kong, the Securities and Futures Commission (SFC) has approved the first spot Bitcoin and Ethereum ETFs, signaling growing acceptance and regulation in the cryptocurrency space.
Legal Proceedings: A US District Judge has sentenced Shakeeb Ahmed to three years in prison for hacking two decentralized cryptocurrency exchanges and stealing over $12 million worth of cryptocurrency. Ahmed, a former senior security engineer, has been ordered to forfeit the stolen funds and pay restitution to the affected exchanges.
KuCoin Airdrop: KuCoin exchange has completed an $8.95 million airdrop to users affected by withdrawal congestion and announced an additional $20 million gratitude airdrop to reward users. This initiative aims to foster a united and protected cryptocurrency ecosystem.
BtcTurk Event: BtcTurk, Türkiye’s first Bitcoin trading platform, is organizing the BtcTurk Bull Run event in Istanbul to celebrate the much-anticipated Bitcoin halving period. The event will include a variety of runs, a Bitcoin fair, and prize distributions to commemorate the significance of Bitcoin’s supply limit and halving.
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