Market Analysis

CFTC Is Suing a DAO. Here’s Why DeFi Users Should Be Alarmed

Key Takeaways The CFTC has filed a lawsuit against the decentralized autonomous organization behind the Ooki Protocol, Ooki DAO, for allegedly running an illegal derivatives trading platform. The lawsuit marks the first time a government agency has charged governance token holders of a decentralized non-custodial blockchain protocol for allegedly breaking the law. The case could […]

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Market Analysis

The Dollar Is at a 20-Year High. That’s Bad News for Bitcoin

Key Takeaways The dollar index has jumped to 20-year highs above 112 thanks to the Federal Reserve’s economic tightening policy. While the dollar is soaring, Bitcoin and other cryptocurrencies are struggling due to the Fed’s interest rate hikes. While the dollar is currently rising against other currencies, a decline in inflation or an end to […]

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Market Analysis

Tornado Cash’s Code Is Back on GitHub

GitHub has restored the Ethereum coin mixer’s code to its website, but is still illegal to use the protocol for transactions. Key Takeaways GitHub has lifted a ban on Tornado Cash, restoring the platform’s code and profile to its website. Last week, the Treasury clarified that sanctions against Tornado Cash do not apply to its […]

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Market Analysis

“Cuckoo for Cocoa Puffs”: Ripple CEO Rips SEC as XRP Soars

Ripple CEO Brad Garlinghouse had choice words for the SEC today on Fox Business. Key Takeaways Ripple CEO Brad Garlinghouse went on Fox Business today to discuss the latest developments in the company’s lawsuit. Garlinghouse said the SEC had “lost its way” and was “cuckoo for cocoa puffs.” XRP shot up by 17% in the […]

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Market Analysis

Proposed U.K. Legislation Would Enable Harsher Crackdowns on Crypto Crime

The bill will provide greater powers to “seize, freeze, and recover” cryptocurrency. Key Takeaways The U.K. government has introduced new legislation called the Economic Crime and Corporate Transparency bill. The bill will give the government greater power to “seize, freeze and recover cryptoassets” used in crime. The bill is not strictly related to cryptocurrency and […]

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Market Analysis

Why Is ATOM on the Rise?

Key Takeaways ATOM is still up 152% since June lows, despite broader market weakness. The whitepaper for ATOM 2.0 is scheduled for release on the first day of Cosmoverse, on September 26. Cosmos community members believe ATOM 2.0 will revamp ATOM’s inflationary tokenomics. The details for ATOM 2.0 will be revealed in four days during […]

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Market Analysis

Total crypto market cap shows strength even after the Merge and Federal Reserve rate hike

Cryptocurrencies have been in a bear trend since mid-August after they failed to break above the $1.2 trillion market capitalization resistance. Even with the current bear trend and a brutal 25% correction, it has not been enough to break the three-month-long ascending trend. The crypto markets’ aggregate capitalization declined 7.2% to $920 billion in the […]

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Market Analysis

This Bitcoin long-term holder metric is nearing the BTC price ‘bottom zone’

A Bitcoin (BTC) on-chain indicator, which tracks the amount of coin supply held by long-term holders (LTHs) in losses, is signaling that a market bottom could be close. Eerily accurate Bitcoin bottom pundit As of Sept. 22, approximately 30% of Bitcoin’s LTHs were facing losses due to BTC’s decline from $69,000 in November 2021 to […]

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Market Analysis

Algorand Is Outperforming After a 15% Jump. Here’s Why

Key Takeaways Algorand has rallied 15% after revealing its appointment of Michele Quintaglie as its new Chief Marketing Officer. Quintaglie boasts experience at some of the world’s top firms, including Visa, Fidelity, and Raytheon Technologies.  Thanks to its partnership with leading soccer federation FIFA, Algorand is enjoying increased interest in the lead-up to the World […]

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Market Analysis

Ethereum risks another 10% drop versus Bitcoin as $15.4M exits ETH investment funds

Ethereum’s Merge on Sep. 15 turned out to be a sell-the-news event, which looks set to continue.  Notably, Ether (ETH) dropped considerably against the U.S. dollar and Bitcoin (BTC) after the Merge. As of Sep. 22, ETH/USD and ETH/BTC trading pairs were down by more than 20% and 17%, respectively, since Ethereum’s switch to Proof-of-Stake (PoS. ETH/USD and […]

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