The fallout from the U.S. Securities and Exchange Commission (SEC) lawsuits against major cryptocurrency exchanges Binance and Coinbase is starting to play out in the market. The legal action sent shockwaves throughout the crypto market, affecting many tokens in the lawsuits as evidence that the exchanges have been trading crypto securities. Analyzing the performance of these…
Bitcoin dominance is rising as crypto investors attempt to decipher the impact of the recent SEC lawsuits against Coinbase and Binance. Investors appear to be converting tokens proposed as securities by the SEC into less disputable assets such as Bitcoin. Crypto dominance Since the lawsuits were filed on June 6, the total market cap of the…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
Blockchain analytics firm Nansen reduced its staff count on May 30, citing harsh market conditions and excessive early growth. Nansen CEO Alex Svanevik said that the company has reduced its team by 30%. Svanevik said that the last year’s conditions have had a “brutal” impact on crypto markets. He said that although Nansen recently diversified…
Digital asset investment products have experienced six consecutive weeks of outflows, totaling $272 million, according to a May 30 report from CoinShares. This negative sentiment reflects the broader market trends, with investment products being more active than the overall digital asset space. The report highlighted that Bitcoin experienced a decline of $11 million, remaining the…
Algorand Foundation CEO Staci Warden played down the significance of ALGO’s underwhelming performance, saying, “We don’t think about price.” In a recent interview with Real Vision Crypto, Warden brushed aside the relevance of price, instead highlighting the Foundation’s success in attracting developers to the ecosystem and ensuring their success. “We are having a Cambrian explosion…
The United Kingdom’s core inflation reached 6.8% in April, its highest level since 1992, as CryptoSlate reported in a recent insight. This surge in inflation has occurred alongside a backdrop of declining interest rates for over 40 years, which has inflated asset bubbles across the board. Core inflation represents the fluctuation in the cost of…
During a recent Ask Me Anything (AMA) on the topic of the Crypto.com card, CEO Kris Marszalek said, “You can count on us to juice the benefits or add new benefits as the market recovers.” Crypto.com users rue aggressive cuts In the previous bull cycle, the Crypto.com card provided members with enticing benefits, such as…