Global

Recent reports from CCData reveal a significant decline in Binance's market share within the estimated $2 trillion cryptocurrency market, dropping from 42.7% at the start of 2023 to 36.6% currently.

As of now, Ethereum is experiencing a notable decline, reflecting a broader downturn in the cryptocurrency market. With a nearly 2% drop in value, Ethereum, alongside Bitcoin and other leading altcoins, is contributing to a decrease in the total market capitalization, which has fallen to approximately $2.17 trillion.

Bitcoin mining firm TeraWulf has announced a significant financial maneuver, selling its stake in a 200 megawatt Bitcoin mining facility to its partner Talen Energy for $92 million.

In a significant move to curb illegal cryptocurrency activities, Russian authorities have reportedly launched a crackdown on unauthorized crypto exchanges, conducting extensive raids in Saint Petersburg and surrounding areas.

The meme-inspired cryptocurrency Shiba Inu (SHIB) has experienced a remarkable surge in its burn rate over the past month, skyrocketing by nearly 250% to a staggering 2.4 billion tokens.

On October 3, 2024, Visa announced the launch of its Visa Tokenized Asset Platform (VTAP), a groundbreaking service designed to facilitate the issuance and management of fiat-backed tokens.