Pepecoin Becomes Biggest Meme Coin Gainer With 70% Weekly Jump
The tokens racked up $800 million in trading volumes over the past 24 hours, data shows. Source
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BTC Price Rallies as TradFi Players Jump Into Crypto
Bitcoin, the world’s largest cryptocurrency by market value, rallied over the past 24 hours after various traditional finance firms announced moves into the crypto market, indicating bullish sentiment. Bitcoin jumped 8% on the day, pushing it to $28,800, after trading flat for the last few days at around $26,800. Altcoins
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French financial markets ombudsman reports jump in crypto-related mediations
Progress can have its drawbacks, as the French stock market regulator, the nongovernmental Autorité des marchés financiers (AMF), has noticed. According to the AMF ombudsman, digital asset-related mediations rose sharply in 2022, as did the number of registered digital asset service providers (DASPs).In its newly released 2022 annual report, the
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XRP Prices Jump as Hinman Speech Released in Ripple Labs Filing
Hinman suggested in his 2018 speech that bitcoin (BTC) and ether (ETH) were not securities, in his view. Source
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Jump Trading seeks to move Terra class action suit to California
Algorithmic and high-frequency trading firm Jump Trading is seeking to have the class action lawsuit against the firm moved from Illinois to a Northern district court in California, arguing that it would significantly speed up legal proceedings. The lawsuit was initially filed on May 9 by Taewoo Kim, individually and
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Cardano DEX Minswap Sees Volume Jump Driven by SNEK, BANK Meme Coins
Volumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows. Source
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Hardware Wallet Provider Trezor Sees 900% Jump in Sales amid Ledger Controversy
The controversy surrounding Ledger’s key-recovery service has boosted sales for its competitor Trezor. Besides, Trezor also addressed concerns over security and develops an auditable secure element through its sister company Tropic Square. The controversy surrounding Ledger’s recently released key-recovery service has ultimately benefitted hardware wallet competitor Trezor. Hardware wallet manufacturer Trezor
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Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD
A lawsuit filed in a district court in Illinois details Jump Trading's alleged involvement with Terra Labs in manipulating the price of algorithmic stablecoin TerraUSD (UST). According to court documents from May 9, the firm purchased millions of UST tokens in 2021 hoping to manipulate its value to reach $1. Plaintiff
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BTC, Crypto Liquidity on the Brink as Jane Street and Jump Exit
An absence of liquidity, which is what the crypto industry will experience as several market makers jump ship, causes an increase in volatility as it takes less capital to move an asset. This, coupled with this highly-leveraged nature of crypto markets, has the potential to create a credit risk that
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Jane Street and Jump Crypto Withdraws from US amid Regulatory Uncertainty
The exit of Jane Street and Jump Crypto will contribute to the liquidity crunch in the market segment and this outlook is unhealthy for the industry. Market-making firms Jane Street Group and Jump Crypto are retreating from crypto trading in the United States due to regulatory uncertainty in the country. According to
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