Day: January 4, 2024

Thorchain Dominates Cross-Chain Trading Volume: What’s Next for RUNE?

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Thorchain, a cross-chain liquidity network, has emerged as a frontrunner in cross-chain transfers, surpassing its competitors in volume and transaction activity, on-chain data shows.  Thorchain Trading Volume Expands As Prominence Increases Citing Galaxy Research data, a user on X, Bullion, noted that Thorchain processed $4.82 billion in cross-chain transactions over the past 30 days, while Cosmos’ Inter-Blockchain Communication (IBC) protocol handled $3.35 billion worth of transactions during the same period. Among layer-2 bridges, Arbitrum Bridge led the pack with $1.21 billion in cross-chain volume. Others, like Polygon POS and Stargate, processed $564…

Bitcoin Price Nears $45K as Spot BTC ETFs Near Finish Line

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Dogecoin Volume Explodes 190% But DOGE Price Remains Low, What’s Going On?

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Dogecoin has had a hard time recovering from the flash crash that rocked the crypto market on Wednesday. After losing its hold on $0.09, the DOGE price has since been relegated back to the low $0.08 level where it continues to trade at the time of writing. Interestingly, this is happening at a time when the meme coin’s volume is seeing a significant rise, so what’s going on? Dogecoin Volume Rises Over 190% The Dogecoin daily trading volume has seen one of the most significant spikes in the last day…

ARK Invest sells another $25m worth of Coinbase shares

ARK Invest, led by Cathie Wood, sold 166,183 shares of Coinbase Global Inc., valued at around $25.3 million, continuing its trend of offloading shares of the cryptocurrency exchange. The firm’s latest filings reveal that the ARK Innovation ETF (ARKK) offloaded 145,048 Coinbase shares, while the ARK Next Generation Internet ETF (ARKW) sold 21,135 shares of the crypto exchange on Jan. 3 The sales come on the heels of ARK Invest divesting over $200 million worth of Coinbase shares in recent weeks, underscoring a significant shift in the firm’s investment strategy…

Valkyrie and ARK 21Shares file Bitcoin ETF registration of securities with SEC

Valkyrie and ARK 21Shares have recently submitted filings for spot Bitcoin ETFs, adding to the growing list of contenders seeking approval from the U.S. Securities and Exchange Commission. Valkyrie and ARK 21Shares have filed for 8-A registration of securities for a spot Bitcoin ETF with the SEC on Jan. 4, following the footsteps of Grayscale and VanEck earlier today and Fidelity, who filed yesterday. Lots of Bitcoin ETF issuers have amended their 8-A forms in recent weeks… ❓But what is an 8-A form….❓ SEC form 8-A is required by the…

CoinShares Reports $2.2 Billion Inflow

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CoinShares, a leading crypto asset investment firm, reported a substantial $2.2 billion inflows into digital asset investment products in 2023. This figure represents a notable 2.7-fold increase from the inflows seen in 2022, marking it as the third-largest year for such investments since 2017. According to James Butterfill, Head of Research at CoinShares, this increase signals a significant shift in investor sentiment and market dynamics compared to the previous year. Despite this uptick, the inflows remained under the record highs of $10.7 billion in 2021 and $6.6 billion in 2020.…

How news and rumors impact crypto market

The crypto market declined after the Matrixport report, raising questions about its vulnerability to manipulation and external influences. On Jan. 3, the crypto market cap plummeted by over 6%, erasing over $100 billion in value, a phenomenon that coincided with a research report from Matrixport, a prominent digital asset investment platform. Matrixport’s report speculated that the U.S. Securities and Exchange Commission (SEC) would reject all pending applications for spot Bitcoin ETFs, contrary to widespread expectations of approval in January.  The report’s release and subsequent coverage by crypto news outlets notably…

Taiwanese crypto exchange founder arrested for fraud: Report

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Authorities in Taiwan have reportedly arrested David Pan, the founder of Ace Exchange, for allegedly committing fraud using cryptocurrencies.  According to a Jan. 4 report from the Liberty Times, the Taipei City police arrested Pan and 14 others following raids on several locations, including Ace’s headquarters. The authorities reportedly alleged the individuals earned roughly 200 million Taiwanese dollars — $6.4 million at the time of publication — in illegal gains by deceiving investors with false crypto claims. In a Jan. 4 statement on X (formerly Twitter), Ace said any alleged…

XRP, cardano tank in crypto crash, investors flow to new altcoin

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto prices have plunged over the past 24 hours, but XRP and Cardano are among the biggest hit, down 9.08% and 8.54%, respectively.  However, market participants have found solitude in the newly launched presale Bitcoin Minetrix, which continues to gather pace despite the market turbulence. XRP and ADA plunge With apprehension rising as the SEC’s Jan. 10 deadline to approve Bitcoin ETFs nears, crypto financial services platform Matrixport released…

XRP Price Set To Spike As Ripple Enters Another $1.5 Trillion Industry

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Global crypto payments provider Ripple is poised to venture into a substantial $1.5 trillion industry, signaling a potential surge for XRP. The company is strategically positioning itself to provide solutions to the financial complexities within this industry. Ripple’s Strategic Expansion In a recent Wednesday report published on X (formerly Twitter), Ripple, a blockchain-based digital payments network, revealed its latest expansion target to be the $1.5 trillion IT industry. The crypto network has envisioned a transformative role for Ripple in the IT industry where difficulties with cross-border payments and other financial…