Crypto Market Update: Significant Rise in Market Cap and Top Coin Prices
In the past 24 hours, the cryptocurrency market has experienced a notable 4% increase in its total capitalization, currently standing at $2.544 trillion as per data from CoinGecko. Most of the top 100 coins by market cap have seen appreciation during this period.
Furthermore, all top ten coins are exhibiting gains, with Dogecoin (DOGE) leading the pack with a remarkable 20% surge to $0.1622. Following closely, Cardano (ADA) has witnessed an 8% increase, reaching $0.7806.
Among the top cryptocurrencies, Bitcoin (BTC) has risen by 5.3%, reaching $65,034, while Ethereum (ETH) has appreciated by 2.7% to $3,496. BNB showed the least increase at 1.6%, reaching $419, with the remaining coins also showing appreciation ranging from 1% to 4%.
It’s worth noting that Bitcoin surpassed the $65,000 milestone, nearing its previous record of $69,000 achieved in November 2021. Additionally, the newly listed BlackRock iShares Bitcoin exchange-traded funds (ETF) have surpassed the iShares Silver Trust, accumulating $10 billion in assets under management (AUM).
Discovery of Alleged Crypto Money Laundering “Meta-Organization”
Singapore-based crypto analysts claim to have uncovered a vast money-laundering network dubbed a “meta-organization.” This network purportedly links Southeast Asia’s scam industry to various criminal activities, including ransomware attacks attributed to the Lazarus Group.
According to reports, individuals involved in Myanmar-based fraud, North Korean hackers, alleged financiers of Hamas, and others utilize this network to transfer illicit assets through the blockchain. Analysts emphasize the global reach and operational efficiency of this organization, highlighting its involvement with multiple illicit actors.
Patrick Tan, a Singapore-based crypto analyst, expressed concerns about regulators’ failure to detect and investigate suspicious activities within the crypto market. He emphasized the need for stronger regulatory measures to mitigate potential risks and safeguard investor interests.
CoinEx Launches Promotional Video Celebrating Bitcoin Halving
CoinEx, a prominent crypto exchange, has released a promotional video commemorating the upcoming Bitcoin halving event. Titled “Coin In CoinEx,” the 2-minute cinematic ad portrays the journey of a coin within the exchange’s ecosystem, symbolizing the transformative impact of Bitcoin halving on the crypto industry.
The video aims to underscore CoinEx’s commitment to promoting crypto adoption and simplifying the trading experience for users of all levels. CEO Haipo Yang reiterated the exchange’s dedication to lowering entry barriers and driving mainstream adoption of cryptocurrencies.
OKX Initiates Competition and Integrates Jupiter API for Solana Ecosystem
OKX, another major crypto exchange, has launched the Solana Super Season Thread Competition as part of its efforts to promote engagement and education within the Solana ecosystem. With a total prize pool of 500 USDC, the competition encourages participants to delve deeper into Solana’s features and functionalities while highlighting OKX’s support for the ecosystem’s growth.
In addition, OKX’s decentralized exchange (DEX) has integrated with the Solana liquidity aggregator Jupiter API, enabling users to access a wide range of liquidity sources and optimized routing for token swaps on Solana. This integration aims to enhance trading efficiency and provide OKX DEX users with improved access to decentralized token swaps within the Solana ecosystem.