Global

The cryptocurrency market is experiencing a significant uptick in trading volumes, with projections indicating that the U.S. will spearhead this growth, surpassing $2 trillion in trading activity.

South Korea is implementing a new regulatory measure aimed at cryptocurrency operators in the country. Effective July 19, the Financial Services Commission (FSC) introduced the ‘Virtual Asset User Protection Act,’ which mandates a supervisory fee based on the operating revenue of South Korean crypto exchanges.

Bitbank Inc., a leading Japanese cryptocurrency exchange, is gearing up for a significant milestone by preparing for an initial public offering (IPO) on the Tokyo Stock Exchange (TSE). This move positions Bitbank as the second Japanese crypto exchange to seek a public listing, following Coincheck’s planned merger to go public on Nasdaq.

Spot Ethereum ETFs marked their first positive day since their launch, ending a four-day streak of negative performance. The rebound came after a week of substantial outflows, particularly led by Grayscale’s Ethereum Trust (ETHE), overshadowing the initial success of ETH-based investment products.

Riot Platforms, a major player in the Bitcoin mining industry, reported total revenue of $70 million for the recent quarter, a decrease from the $76.7 million recorded during the same period last year. This decline is largely attributed to the Bitcoin halving event that took place in April.

In a landmark fundraising event, former President Donald Trump raised an impressive $25 million from key figures in the cryptocurrency industry. This high-profile event, held at a Bitcoin conference in Nashville, marks one of the largest single fundraising events for Trump’s campaign to date.

Manchester United has ventured into the realm of Web3 with the launch of 'Fantasy United,' a new football game built on the Tezos blockchain for the upcoming 2024/25 season.

Bitcoin’s price dropped by 1.4% to $63,721 on Thursday, marking its first decline below $65,000 in a week. This decrease follows the US Federal Reserve's decision to maintain interest rates and concerns over escalating tensions in the Middle East.

A groundbreaking initiative by the Bank for International Settlements (BIS) and the Bank of England has unveiled Pyxtrial, a new system designed to deliver near real-time data on the liabilities and assets backing stablecoins.

Binance, one of the world’s leading cryptocurrency exchanges, has announced the listing of several prominent tokens, including Jito (JTO), Lido DAO (LDO), Stacks (STX), EOS, and Nervous Network (CKB).

In a significant development for the crypto and Web3 communities, Telegram has launched a new in-app browser designed to support decentralized websites, known as “TON Sites.”

Tether, the prominent stablecoin issuer behind the USDT token, has announced a remarkable financial performance for the first half of 2024, reporting record-breaking profits of $5.2 billion. This impressive figure reflects the company’s robust financial health and growing influence in the digital asset market.