Global #cryptocurrency

A mysterious cryptocurrency whale has made waves in the memecoin market by moving nearly $8 million worth of $PEPE from Binance, withdrawing 592 billion tokens after a recent price surge.

The price of meme-inspired cryptocurrency Dogecoin ($DOGE) has increased significantly during the last week by more than 10%. The increase in activity is ascribed to the increased interest signaled by whales, or huge investors.

The cryptocurrency landscape in Hong Kong is experiencing significant shifts following the recent announcement that OKX, a leading global cryptocurrency exchange, is withdrawing its application for a Virtual Asset Service Provider (VASP) license.

While Bitcoin and Dogecoin often steal the spotlight in crypto news, Litecoin, despite being a quieter presence, remains a significant player in the industry.

The Solana blockchain has emerged as a prominent player in the cryptocurrency arena, drawing attention for its impressive throughput and low transaction fees. Many experts see it as a formidable competitor to Ethereum's dominance.

Kabosu, the Shiba Inu who became famous as the face of the "Doge" meme and the Dogecoin cryptocurrency, passed away peacefully on May 24 at the age of 17.

In a significant ruling this year, the United States Securities and Exchange Commission (SEC) has approved the introduction of spot Ether exchange-traded funds (ETFs) in the country.

The Irish branch of Ramp Network, a crypto infrastructure firm based in the UK, has successfully obtained registration as a virtual asset services provider (VASP) in Ireland, as stated in a press release on Thursday.

Robinhood, a trading platform known for its commission-free model, has introduced gas-free trading on Arbitrum, the leading Ethereum Layer 2 network by Total Value Locked (TVL).

Montenegro recently hosted a meeting between its authorities and representatives from the US Securities and Exchange Commission (SEC) to address concerns regarding Do Kwon, the founder of Terraform Labs, responsible for the UST algorithmic stablecoin and crypto asset LUNA's fluctuations.

Recent speculation about the potential insolvency of the cryptocurrency exchange Bybit has caused widespread concern within the crypto community, leading to increased anxiety and conjecture.

On May 21, 2024, Ethereum exchange-traded funds (ETFs) in Hong Kong witnessed a surge in daily inflows, marking their highest since their launch on April 30.