DEX Volumes Fall in August, Ethereum Leads
Decentralized exchange (DEX) volumes fell in August, with Ethereum maintaining its lead among blockchain networks. Meanwhile, centralized exchanges (CEX) saw a slight increase in trading activity.
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Memecoins Struggle as New Altcoin Rollblock Surges
As Dogecoin and Shiba Inu face market challenges, investors turn to Rollblock, a promising new altcoin that has seen a 140% surge in its presale, reaching a $2.9M valuation.
Hong Kong Extends Crypto License Deadline, Eyes Global Hub Status
Hong Kong’s Securities and Futures Commission accepts a crypto license application from Hong Kong Digital Asset Xchange past the official deadline, signaling flexibility in its approach to become a global crypto hub.
Trump’s ‘SuperTrump’ NFTs: Blending Politics with Crypto
Donald Trump launches his fourth series of digital trading cards, featuring ‘SuperTrump’ and ‘Crypto President’ themes, amid growing intersection of politics and cryptocurrency.
Solana’s Market Slump
Solana (SOL) experiences a significant downturn in August, dropping from $180 to $138.37, with technical indicators and ecosystem performance suggesting potential further decline.
XRP Market Dynamics: Profit-Taking vs. Network Growth
Ripple (XRP) experiences significant profit-taking while maintaining price stability above $0.57, as network activity surges with a 30% increase in active addresses.
Dogecoin Price Analysis: On-Chain Signals to Watch
Dogecoin’s on-chain data reveals crucial insights into its potential price movements, with transaction volumes, whale activity, and network growth playing significant roles.
Litecoin’s Price Drop and Small Trader Exodus: Potential Bullish Signal?
Litecoin’s value has fallen 36% since April 1st, coinciding with a mass exodus of small traders, which some analysts view as a potential precursor to a bullish reversal.
Tether Aids DOJ in Recovering $5 Million from Crypto ‘Pig Butchering’ Scam
The U.S. Department of Justice, with assistance from Tether, has seized nearly $5 million in USDT linked to a ‘pig butchering’ crypto scam, demonstrating increased collaboration between law enforcement and crypto companies.
Russia Tests Crypto for International Trade Amid Sanctions
Moscow initiates trials for crypto exchanges to facilitate international payments, potentially circumventing Western sanctions and addressing payment challenges faced by Russian exporters.