Ethereum derivatives volumes on the CME have plunged sharply following the launch of spot Ethereum ETFs, reflecting reduced institutional interest. Trading volumes for Ethereum derivatives on the CME exchange experienced a significant decline in August as Ethereum futures volume plummeted 28.7% to $14.8 billion, while options volume dropped 37.0% to $567 million, marking the lowest
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AAVE, the native token of the decentralized lending platform Aave, has recently attracted attention from whales as its price surged by over 11% on Sep. 5. At the time of writing, Aave (AAVE) had climbed to become the 42nd largest cryptocurrency, up from its 47th position on August 20. The token’s market capitalization exceeded $1.98
Lobbying efforts by crypto companies have skyrocketed by 1,386% since 2017, reflecting the industry’s aggressive push to shape favorable regulations. As crypto becomes more integrated into the financial system, the stakes are higher than ever, driving companies to invest millions to ensure that the regulatory landscape aligns with their goals. Lobbying in the crypto industry
Following Binance and KuCoin, two more offshore cryptocurrency exchanges could receive the green light from India’s financial watchdog by March 2025. Sources familiar with the matter told a local media outlet that India’s Financial Intelligence Unit is reviewing registration requests from four off-shore exchanges. While the names of the platforms were not disclosed, the source
A newly evolved wallet drainer has unleashed a wave of scams targeting emerging blockchain ecosystems like TON and TRON, analysts say. Blockchain ecosystems like The Open Network and TRON seem to be under siege as the newly evolved AngelX wallet drainer unleashes a surge of scams, marking a significant escalation in cyber threats within the
The crypto market decided to take a nosedive over the weekend, with Bitcoin taking the express elevator down to below $60,000 for the first time since July 13. Observers took to X.com to blame the plummet on a cocktail of factors, including Israel’s bracing for potential attacks from both Iran and Hezbollah, with warnings of
The sudden shutdown of ZKX, a social derivatives trading platform on the Starknet layer-2 network, drew the ire of both investors and market makers. The closure, announced on July 30 by founder Eduard Jubany Tur, cited a lack of economic feasibility for the project as the primary reason. However, the abruptness and lack of communication
Two meme coins riding on the name of new Democratic presidential candidate Kamala Harris have seen notable fluctuations in the last 24 hours. Kamala Harris (HARRIS) has experienced a remarkable 115.46% increase over the past day and is currently trading at $0.001936. This surge is significant considering its market cap of $1.66 million and a
Persistent bearish forces from two weeks ago continue to impact the cryptocurrency sector, which saw its global market cap suffer a substantial loss of $350 billion, decreasing by 10.4% to $2.15 trillion by the end of the week. Here are our picks for top cryptocurrencies to watch this week: XRP breaks below bull pennant XRP
Crypto exchange WazirX has received tremendous criticism for its proposed “55/45” plan to socialize losses made from a recent attack on the platform. On July 27, WazirX started a poll to gauge public sentiment for a plan to get the exchange back up and running after the hack that saw it lose millions of dollars