Wells notices are preliminary warnings that inform respondents of the charges the regulator is considering bringing against them. They usually lead to enforcement actions. Though Adams did not say exactly what the SEC has accused Uniswap of doing in his X post, Wells notices sent to crypto companies have, historically, alleged the unregistered offer and sale of securities. Source
One Solana (SOL)-based altcoin is soaring after landing a surprise listing on Coinbase, the top crypto exchange in the US. In an announcement via the social media platform X, Coinbase says it’s adding Shadow Token (SHDW) to its trading platform. Shadow Token is expected to be available on the platform starting Wednesday, at noon Eastern Standard Time. Amid the listing news on Tuesday, Shadow Token shot up from the day’s low of $1.83 to a high of $2.17, a gain of more than 18%. Shadow Token has since retraced slightly,…
Derivatives exchanges are a fixture of the on-chain landscape for speculating on token prices, with platforms such as dYdX and Vertex getting much of the attention and hundreds of millions of dollars in crypto deposits. In comparison, Stream, which emerged from beta testing just this week, has $5 million in total value locked. Source
Indices are a popular product in traditional finance with the Chicago Mercantile Exchange, S&P Futures or Nasdaq Futures, allowing traders exposure to the whole market. The new products would soon be complimented by a copy trading option, as well as on-chain U.S. Treasury Bills, WOO X chief operating officer Willy Chuang said. Source
The world of memecoins continues to be a rollercoaster ride, and Pepe (PEPE) is no exception. Recent on-chain data reveals a surge in tokens moving out of exchanges, potentially signaling a bullish sentiment among investors. However, conflicting indicators cast a shadow of doubt on the sustainability of this upward trend. Pepe Soars Out Of Exchanges, Suggesting Investor Confidence A significant development for PEPE is the movement of a large number of tokens away from exchanges. According to Santiment, a blockchain analytics platform, the supply of PEPE outside exchanges reached a…
March proved to be another breakthrough month for the cryptocurrency market, with spot volumes on the 10 largest exchanges growing by an average of 119% compared to March, responding to Bitcoin’s historical highs, which tested levels above $73,000. Trading activity among investors on the largest centralized platforms reached levels not seen since May 2021. The record-breakers over the past year, on the other hand, grew two, three, or even six times. In March, Bitcoin closed its seventh consecutive month of uninterrupted growth, adding another 17% to its value and setting…
The HashKey Group, an Asian entity specializing in digital asset services, has unveiled the HashKey Global exchange after securing a license in Bermuda to provide regulated digital asset trading services. The announcement was made today (Monday), marking a milestone for the firm headquartered in Hong Kong, with operational presence in Singapore and Tokyo. With the unveiling of HashKey Global, the firm is poised to expand its offerings, starting with spot trading services for 21 digital assets. Among the featured assets are popular cryptocurrencies such as bitcoin, ether, Tether’s USDT, and…
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The Bitcoin price has somewhat slowed down since reaching the unprecedented high of $73,000, moving mostly sideways since mid-March. However, with the halving event less than a fortnight away, all eyes will be on the premier cryptocurrency and all that pertains to it over the next couple of weeks. According to a recent on-chain observation, the BTC supply on exchanges has been on a steady decline over the past few months. This trend has sparked discussions on what this could mean for the Bitcoin price, both in the short and…
Coinbase has achieved a groundbreaking milestone by becoming the first international and largest cryptocurrency exchange to register as a Restricted Dealer with the Canadian Securities Administrators (CSA). This achievement, following Coinbase’s formal launch in August 2023, underscores its commitment to establishing a strong presence in the Canadian market, which it has identified as a key market for expansion. The journey towards registration began in March 2023 when Coinbase signed an Enhanced Pre-Registration Undertaking, demonstrating its dedication to regulatory compliance and operational excellence. In its pursuit of registration, Coinbase worked closely…