Technical charts, particularly the shape of candlesticks, often reflect the psychology behind the market, highlighting trader sentiment and behavior. Since Friday, at least two bitcoin (BTC) candles have indicated bullish undercurrents at multi-month lows, providing a glimmer of hope for crypto bulls. The chart below shows that BTC’s price decline has stalled at the 200-day … Read more
The memecoin market has erased all of the gains that followed Donald Trump’s presidential victory in November 2024, having lost more than half of its value since December. According to CoinMarketCap data, the total market capitalization of memecoins stood at $54 billion on March 5, down 56% from $124 billion on Dec. 5, 2024. The … Read more
Ethereum’s highly anticipated Pectra upgrade was successfully deployed on its final testnet, Sepolia, marking a major milestone in the lead-up to the mainnet activation. However, potential delays remain as developers continue to address outstanding issues from a previous testnet failure. Ethereum’s Pectra upgrade has gathered significant community support as it aims to improve Ether (ETH) … Read more
A US state securities regulator is set to propose a strategy to protect Americans from a surge in digital asset fraud driven by increasingly sophisticated artificial intelligence tools. Claire McHenry, Nebraska Department of Banking and Finance (NDBF) deputy director and president of the North American Securities Administrators Association (NASAA), is set to present her testimony … Read more
The European Securities and Markets Authority (ESMA) clarified the status of custody and transfers of stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA). On March 3, Binance announced plans to delist nine non-MiCA-compliant stablecoins, including Tether’s UDSt (USDT), for users in the European Economic Area (EEA). Despite removing the affected tokens … Read more
Ethereum’s long-awaited Pectra upgrade took a major step forward early Wednesday with its successful deployment on the Sepolia test network. The biggest upgrade to Ethereum since 2024, Pectra consists of 11 major features, or “Ethereum improvement proposals” (EIPs), that will be shipped all at once. Together, the features aim to enhance staking, wallet functionality, and … Read more
Aave DAO, the autonomous organization that supports the lending and borrowing platform, proposed a major plan on Tuesday detailing steps to accrue value for the AAVE token and reward users. AAVE tokens are up 21% in the past 24 hours, beating a 3.5% bump in the broader market tracked by the broader CoinDesk 20 (CD20), … Read more
Brendan Gunn, the brother of Australian breakdancer Raygun, has been charged by the Australian securities regulator for running a crypto-linked fraud scheme. The Australian Securities and Investments Commission (ASIC) charge Gunn with a criminal offence, which carries a maximum three years imprisonment, a fine of $37,800 or both. Raygun, aka Rachael Gunn, is an Australian … Read more
Last week, prices for BlackRock’s spot bitcoin (BTC) exchange-traded fund (ETF) declined over 11%, with volumes reaching the highest since mid-November, according to data source TradingView. Over 331 million shares of the ETF, which trades under the IBIT ticker on Nasdaq, changed hands as the fund’s price dipped below the January support of $50.69, eventually … Read more
Iris Ramaya Au, the former girlfriend of admitted crypto fraudster Adam Iza, dubbed “The Godfather,” has agreed to plead guilty to a federal criminal tax charge. Au pled guilty to a single count of giving a false tax return “for failing to report more than $2.6 million in ill-gotten gains she obtained via her then-boyfriend’s … Read more