Trading

On Wednesday, US prosecutors charged four crypto companies and 14 individuals in what is hailed as the first criminal prosecution targeting financial services firms for market manipulation and sham trading activities within the crypto sector.  Allegations Of Price And Trading Volume Manipulations According to a court filing by the US District Court of the District of Boston Massachusetts, one of the companies charged is crypto trading firm ZM Quant, which is registered in the British Virgin Islands. Prosecutors allege that…

The decentralized exchange (DEX) market started the week in positive territory. Its total trading volume increased by 75%, from $3.2 billion on Sunday, October 6 to $5.6 billion on Wednesday, October 8. DEX volume dominance remained steady at around 7%, with Uniswap V3 (Ethereum), Aerodrome SlipStream, and Raydium registering the highest trading activity.  The DEX token sector, currently valued at above $16 billion, didn’t lag behind, showing a nearly 80% growth in trading volume following the weekend. With gains exceeding…

Crypto trading firm QCP Capital says the “shallow sell-off” in crypto markets following Iran’s recent attack on Israel indicates healthy market demand for risk-on assets. Crypto Market Remains Well Bid For Risk Assets Despite Iran launching over 180 missiles toward Israel yesterday, the sell-off in traditional financial (TradFi) assets was relatively muted. The S&P 500 closed 1% lower, while U.S. benchmark West Texas Intermediate (WTI) oil prices rose 2%. In contrast, the digital assets market was hit relatively harder, with…

Dubai, United Arab Emirates, October 3rd, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has further enhanced its MetaTrader 5 (MT5) platform with the introduction of indices trading. This new feature allows Bybit users access to global markets, including key benchmarks in Hong Kong and China. Bybit MT5 allows crypto investors to use USDT directly to trade traditional assets, such as commodities, forex and now major indices, in the format of CFDs. This innovation opens doors for native…

Dubai, United Arab Emirates, October 1st, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to unveil the World Series of Trading (WSOT) 2024, the world’s longest-running crypto trading competition. This year, WSOT pushes boundaries, integrating centralized and decentralized trading, allowing participants to experience the trustless trading of the future.  Game-Changing Features Traders Will Love Individual traders can battle in three arenas depending on their capital size: lightweight, middleweight, and heavyweight. With separate prize pools for…

The long-anticipated trading of Eigenlayer’s EIGEN token began today, following the lifting of transfer restrictions that had been in place since the token’s launch in May. Major cryptocurrency exchanges including Binance, Kraken, Coinbase, ByBit, and OKX have listed EIGEN, providing liquidity to holders of the token, many of whom received it through airdrops earlier this year. In a statement released through X, the Eigen Foundation highlighted the importance of this milestone: “We’re thrilled to announce the unlocking of the EIGEN…

Shiba Inu (SHIB) has once again captured the spotlight, with trading volume soaring by 43.6% over the past week. Bullish investor confidence is driving the token higher as SHIB inches closer to key price levels. At the same time, the presale of AI-powered dating token GoodEgg (GEGG) is quickly approaching its target, with 3.8 billion tokens already sold. GoodEgg (GEGG) Gains Momentum While Shiba Inu (SHIB) enjoys its resurgence, another token is quietly gaining momentum. GoodEgg (GEGG), a Play-to-Date AI-powered…

In the ever-evolving world of cryptocurrency, few tokens have garnered as much attention as Dogecoin (DOGE). Initially created as a joke, DOGE has taken the market by storm, creating millionaires along the way. One such millennial millionaire recently made headlines after trading 8 million DOGE, worth approximately $937,920, for 390 million GoodEgg (GEGG) tokens. The move has sparked speculation that the AI-powered dating platform could be the next big thing, with analysts predicting a surge to $0.00031 for GoodEgg in…

Investor sentiment towards memecoins has surged dramatically, with Dogecoin (DOGE) leading the charge. DOGE’s trading volume jumped an impressive 51.80% to $1.68 billion, further solidifying its position as the top memecoin in the market. Alongside DOGE’s surge, the AI dating ICO GoodEgg (GEGG) has also captured attention, hitting a remarkable 3.8 billion tokens sold during its presale phase, signaling strong investor interest in the new project. GoodEgg (GEGG) Continues to Impress While Dogecoin (DOGE) continues its rise, the AI dating…