BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $29275 | 0.51% |
| ETHEREUM | $1891 | 0.79% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.26 T | 0.30% |
| TRADING VOLUME | $43.20 B | 22.30% |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| QASH | $0.0060 | 155.67% |
| Aidos Kuneen | $0.65 | 120.91% |
| PalGold | $0.000049 | 110.25% |
| Asian Fintech | $0.0017 | 73.02% |
| Kepple | $0.0034 | 50.71% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| Bonfi | $0.000018 | 87.91% |
| SCOneX | $0.0020 | 47.69% |
| WeOwn | $0.00082 | 36.99% |
| Axe | $0.0035 | 36.98% |
| Egretia | $0.00018 | 35.90% |
On Friday, the cryptocurrency market showed significant volatility, with the two most valuable cryptocurrencies, Bitcoin and Ether, experiencing minor price fluctuations. The remaining top 10 cryptocurrencies, excluding stablecoins, had a mixed outcome during the trading session's closing. As traders eagerly anticipate the US Fed's meeting next week, the market remains optimistic about the future of cryptocurrency.
Major Events Around the World
As the largest cryptocurrency exchange in the world, Binance frequently faces regulatory scrutiny within the crypto market. This is particularly evident in the United States, where the Securities and Exchange Commission (SEC) has recently targeted crypto businesses for non-compliance. However, the SEC's "come forward and register" approach is nearly impossible for crypto companies to adhere to, as current US laws are not compatible with the blockchain ecosystem.
The U.S. Securities and Exchange Commission (SEC) has imposed a colossal fine of around $4 million on Coinme, a Seattle-based company. Furthermore, the financial watchdog has charged several other defendants in connection with the case for participating in the unregistered and fraudulent promotion of a cryptocurrency asset known as UpToken.
The Federal Bureau of Investigation (FBI) carried out a search warrant at the Maryland residence of Ryan Salame, a former high-ranking executive at FTX. The investigation alleges that former CEO Sam Bankman-Fried (SBF) orchestrated a massive fraud scheme that resulted in the loss of billions of dollars and ultimately led to the downfall of the cryptocurrency exchange.
COIN GABBAR Views: During Friday's trading session, the crypto market experienced significant choppiness, with Bitcoin and Ether showing slight fluctuations while the top 10 cryptocurrencies, excluding stablecoins, had a mixed closing. Despite the volatility, traders are looking forward to the upcoming US Federal Reserve meeting with optimism for the future of cryptocurrency. Overall, the market remains hopeful about the potential growth and adoption of digital assets. In order to successfully navigate the ever-changing and unpredictable markets, it is imperative to remain informed and knowledgeable about the latest trends, breaking news, technical and fundamental analysis, as well as expert opinions. Please stay tuned with us www.coingabbar.com
Also read: CTFC Collects Record $3.4B Bitcoin Fine in Crypto Fraud Case
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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