The cryptocurrency market has been on the rise, with the market capitalization increasing by 4% in the past 24 hours, reaching $2.544 trillion according to CoinGecko. Most of the top 100 coins by market capitalization have experienced appreciation during this period.
Notably, all of the top ten coins are in the green zone as per CoinGecko’s data. Dogecoin (DOGE) has shown the highest increase, surging by nearly 20% to $0.1622. Following closely is Cardano (ADA) with an 8% price rise to $0.7806. Moreover, Bitcoin (BTC) saw a 5.3% increase, reaching $65,034, while Ethereum (ETH) appreciated by 2.7% to $3,496. BNB saw the smallest increase at 1.6% to $419. Other coins also saw gains ranging from 1% to 4%.
BTC recently surpassed the $65,000 milestone, inching closer to its previous record of $69,000 set in November 2021. Additionally, the newly listed BlackRock iShares Bitcoin exchange-traded funds (ETF) have exceeded the iShares Silver Trust, accumulating over $10 billion in assets under management (AUM).
In a significant development, a US court has ruled that trading certain cryptocurrencies on secondary markets, including platforms such as Coinbase, should be considered securities transactions.
A group of crypto analysts from Singapore has revealed the existence of a sophisticated money-laundering “meta-organization.” This organization allegedly links Southeast Asia’s scam industry to various criminal activities, including ransomware attacks attributed to the Lazarus Group. The network involves Myanmar-based fraudsters, North Korean hackers, suspected financiers of Hamas, and others who exploit blockchain technology to move illicit assets.
The scale of this illicit operation has raised concerns among experts like Patrick Tan, who emphasize the need for regulatory agencies to step up efforts in detecting and investigating suspicious crypto transactions. Tan believes that the current lack of oversight poses risks to investors and could harm the integrity of the crypto market in the long run.
Meanwhile, CoinEx has launched a brand video promoting the upcoming Bitcoin halving event. The video, titled “Coin In CoinEx,” showcases the transformative journey of a coin entering the Web3 universe and evolving into Bitcoin. CoinEx aims to celebrate this milestone and highlight its commitment to making cryptocurrency trading accessible to all users.
In a similar vein, OKX has announced a Solana Super Season Thread Competition to engage users with the Solana ecosystem. The competition offers a prize pool of 500 USDC and seeks to encourage participants to explore and share insights about Solana. Furthermore, OKX’s decentralized exchange (DEX) has integrated with the Solana liquidity aggregator Jupiter API, enhancing liquidity and trading capabilities for users on the Solana chain.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
