Global

A well-known cryptocurrency analyst, recognized for accurately forecasting the cryptocurrency market bottom during the 2018 bear market, has recently stated their belief that the price of the smart contract platform Solana ($SOL) will increase further.

Over the past 24 hours, cryptocurrencies Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB) have all recorded slight gains in line with broader market movements, reflecting a blend of optimism and caution among traders.

Reportedly, the Australian Securities and Investments Commission (ASIC) has initiated legal action against two cryptocurrency companies and their directors for operating without licenses in Australia. These companies are accused of being involved in a complex scheme that led to investors losing AU$160 million, equivalent to $104 million.

Paul Grewal, chief legal officer of Coinbase, announced today in an X post that the company has filed a move to appeal a judge's ruling from last month that permitted the SEC to pursue its action against them.

A trading frenzy is set off by the U.S. approval of spot Bitcoin ETFs, which prepares the ground for Asia's growing institutional interest.

Memes have made a significant comeback in the 2024 cryptocurrency market surge, with many of the well-known ones regaining their previous all-time highs (ATH) and some even setting new ones.