Category: Breaking

Indian crypto exchange CoinDCX’s co-founder Sumit Gupta has told CoinDesk that his company has established an investor protection fund, saying that if other exchanges did this too “it would be better for the eco system.”

The ominous-sounding technical price pattern could again trap bears on the wrong side of the market as the Bank of Japan plays down chance of a near-term interest rate hike.

Network-based memecoins rose 30% in the past 24 hours, leading gains as a sector as optimism around SOL ETFs heats up among some.

BTC has dropped over 13% this month, but all is not lost, according to key indicators.

ETH bounced over 18% in the past 24 hours to reverse losses from a steep fall on Monday, with some drawing eyes to the blockchain’s fundamentals.

The death cross is known to cause catastrophizing among inexperienced investors. But it’s an unreliable indicator.

“The bridge currently secures over $850M which is safe,” co-founder @Psycheout86 said in an X post.

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Anchorage began adding custody support for Solana-based tokens in 2022 and only added staking support last year

A single wallet sold $2 million worth of the token earlier Tuesday, causing market capitalization to fall from $55 million to as low as $2 million almost instantly.