BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $29335 | 2.16% |
| ETHEREUM | $2075 | 1.19% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.31 T | 0.76% |
| TRADING VOLUME | $48.60 B | 7.05% |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| Avain | $0.0002933 | 165.13% |
| Timeseries | $0.0002612 | 159.93% |
| ALEX Lab | $0.2451 | 122.15% |
| Caketools | $0.0006085 | 97.98% |
| Agility LSD | $0.7698 | 82.87% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| MSQAURE GLOBAL | $1.81 | 84.00% |
| Matchcup | $0.0001157 | 64.29% |
| Strite | $0.0018 | 60.00% |
| Infinity Box | $0.0712 | 52.52% |
| AMATERAS | $0.003104 | 44.56% |
Major cryptocurrencies experienced a decline in value, with the global crypto market cap dropping by 1.1 percent to $1.31 trillion over the last day. Despite this, the total crypto market volume increased by 7.05 percent to $43.93 billion in the last 24 hours. It is important to keep a close eye on these fluctuations in the market to make informed decisions when investing in cryptocurrencies.
Major Events Around the World
In a recent court hearing, US District Judge Jed Rakoff denied the request of Do Kwon and Terraform to force the Securities and Exchange Commission to withhold its request for documents currently in the possession of the Singaporean regulator. The Singapore Monetary Authority, which is equivalent to the U.S. SEC, obtained the files from the defendants of Luna Foundation Guard, a cryptocurrency organisation established solely to raise funds for maintaining the UST stablecoin's $1 peg. During the hearing, Judge Rakoff emphasised the importance of transparency and cooperation in regulatory investigations. He noted that the SEC has a legitimate interest in obtaining the documents from the Singaporean regulator, as they could provide valuable insights into the operations of Luna Foundation Guard and its connection to the UST stablecoin.
On Monday, the U.S. Securities and Exchange Commission (SEC) filed accusations against Bittrex, a Seattle-based exchange. The SEC stated that Bittrex failed to comply with securities legislation by neglecting to register with the agency in multiple regions. This news has caused concern among industry experts, as a former SEC official has suggested that another major U.S. exchange may also be facing similar charges. The regulatory crackdown in the country has intensified, and it is imperative that all exchanges adhere to the necessary regulations to ensure the safety and security of investors.
On Monday, the New York State Department of Financial Services (DFS) took a significant step in finalising its oversight of crypto businesses registered with it. While the new set of regulations only applies to around 20 companies with the Bitlicense, their successful implementation could have a massive impact on the wider digital assets market. This news from the New York regulator comes as a positive development amidst a series of enforcement actions against crypto market participants in the US. It is important to note that the DFS is committed to ensuring the safety and security of consumers and investors in the rapidly evolving world of cryptocurrency. As such, these regulations are a necessary step towards achieving that goal.
COIN GABBAR Views:Bitcoin has experienced a significant increase over the past few weeks. However, it appears that this upward trend may be coming to a halt. On-chain data analysis reveals that although the crypto market may seem optimistic, there are indications of potential selling when examined more closely. As such, it is important to stay informed and educated about the latest news and trends in order to make informed investment decisions. Please stay tuned with us www.coingabbar.com
Also read: Baby Doge Coin Surges by 20% in a Single Day: Is it Worth Investing in?
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
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