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As regulations tighten on centralized exchanges and users prioritize control over their assets, DEXs are expected to grow in popularity.
#Decentralized #exchanges
#Decentralized #exchanges
🌐 In 2024, the cryptocurrency market’s spot trading volume remained highly concentrated.
🔹 Binance led with a $7.23 trillion trading volume, capturing 46.59% of the market share.
🔹 The top 5 exchanges—Binance, Bybit, Crypto.com, OKEx, and Coinbase—accounted for 81.24% of the market share.
🔹 Medium-sized exchanges like Upbit, Huobi, and Bithumb Korea contributed significantly but held less than 10% market share individually.
🔹 Smaller exchanges like Coinone, Korbit, and Binance US had market shares below 0.2%, exerting minimal influence.
#crypto #MarketShare #exchanges #Binance
🔹 Binance led with a $7.23 trillion trading volume, capturing 46.59% of the market share.
🔹 The top 5 exchanges—Binance, Bybit, Crypto.com, OKEx, and Coinbase—accounted for 81.24% of the market share.
🔹 Medium-sized exchanges like Upbit, Huobi, and Bithumb Korea contributed significantly but held less than 10% market share individually.
🔹 Smaller exchanges like Coinone, Korbit, and Binance US had market shares below 0.2%, exerting minimal influence.
#crypto #MarketShare #exchanges #Binance
💡It's a fact: Binance, the best crypto exchange in the world 🌏
🦸 Binance's registered users increased by 47% in 2024, surpassing 250 million, the bitcoin exchange reported in its annual report.
🫶 The company called the achievement a "remarkable milestone" on its way to reaching its goal of 1 billion customers served.
➕ "Remarkably, we added 50 million users in less than six months, celebrating the 200 million mark in June," the platform's team emphasized.
🤴 Again, Binance's VIP client base increased by 116%, and its registered institutional users by 97%.
💱 "With options like Binance Wealth and the revamped Triparty Banking service, the exchange has become a gateway for institutions exploring the innovative potential of cryptocurrencies. As institutions drive the next wave of adoption, their growing presence on Binance reinforces the platform’s pivotal role in bridging traditional finance and Web3,” the statement read.
📢 Other highlights of the exchange’s year include:
🟨 A record-breaking 4.44 million requests processed per second;
🟨 Over $160 million in user assets under control;
🟨 A combined trading volume of $100 trillion.
📢 In terms of education and other initiatives:
🟨 Binance Academy has educated 44 million students;
🟨 The philanthropic arm has donated over $6.9 billion;
🟨 Binance Pay’s active user base has grown by 226%, and Binance Earn’s value locked by 144%.
“In 2024, we’ve doubled down on our commitment to strengthening compliance and security, investing hundreds of millions of dollars into these key programs. “Our internal compliance team has grown to 650 experts, allowing us to obtain regulatory approvals in 21 jurisdictions,” the Binance team said.
🟨 According to the report, as a result of anti-fraud measures, the exchange prevented potential user losses worth $4.2 billion, with $88 million in recovered funds.
“Strengthening our cooperation with law enforcement, our teams responded to nearly 65,000 requests and trained over 1,300 investigators from 80 countries,” Binance added.
🟨 At the beginning of 2024, Binance’s share of total trading volume on centralized exchanges fell to 34%, but by October, the figure had recovered to 41%, according to the data
#Binance #exchanges #best #statistics $BNB
$TWT
🫶 The company called the achievement a "remarkable milestone" on its way to reaching its goal of 1 billion customers served.
➕ "Remarkably, we added 50 million users in less than six months, celebrating the 200 million mark in June," the platform's team emphasized.
🤴 Again, Binance's VIP client base increased by 116%, and its registered institutional users by 97%.
💱 "With options like Binance Wealth and the revamped Triparty Banking service, the exchange has become a gateway for institutions exploring the innovative potential of cryptocurrencies. As institutions drive the next wave of adoption, their growing presence on Binance reinforces the platform’s pivotal role in bridging traditional finance and Web3,” the statement read.
📢 Other highlights of the exchange’s year include:
🟨 A record-breaking 4.44 million requests processed per second;
🟨 Over $160 million in user assets under control;
🟨 A combined trading volume of $100 trillion.
📢 In terms of education and other initiatives:
🟨 Binance Academy has educated 44 million students;
🟨 The philanthropic arm has donated over $6.9 billion;
🟨 Binance Pay’s active user base has grown by 226%, and Binance Earn’s value locked by 144%.
“In 2024, we’ve doubled down on our commitment to strengthening compliance and security, investing hundreds of millions of dollars into these key programs. “Our internal compliance team has grown to 650 experts, allowing us to obtain regulatory approvals in 21 jurisdictions,” the Binance team said.
🟨 According to the report, as a result of anti-fraud measures, the exchange prevented potential user losses worth $4.2 billion, with $88 million in recovered funds.
“Strengthening our cooperation with law enforcement, our teams responded to nearly 65,000 requests and trained over 1,300 investigators from 80 countries,” Binance added.
🟨 At the beginning of 2024, Binance’s share of total trading volume on centralized exchanges fell to 34%, but by October, the figure had recovered to 41%, according to the data
#Binance #exchanges #best #statistics $BNB
$TWT
Crypto Exchange Luno Receives License From South Africa’s Financial Regulator
Luno, a cryptocurrency exchange, becomes the first firm in South Africa to receive a Financial Services Provider license from the FSCA due to the declaration of crypto assets as financial products in 2002. Christo de Wit, Luno's South Africa manager, emphasized the importance of compliance and security for customers. FSCA approved licenses for 59 cryptocurrency exchanges out of over 300 applicants, as the regulatory body aims to protect consumers from risks and financial crimes related to crypto assets. The FSCA's framework addresses the need to regulate crypto assets in response to increased consumer interest and instances of abuse and fraud in the market
#cryptonews #crypto #exchanges #Write2Earn
Luno, a cryptocurrency exchange, becomes the first firm in South Africa to receive a Financial Services Provider license from the FSCA due to the declaration of crypto assets as financial products in 2002. Christo de Wit, Luno's South Africa manager, emphasized the importance of compliance and security for customers. FSCA approved licenses for 59 cryptocurrency exchanges out of over 300 applicants, as the regulatory body aims to protect consumers from risks and financial crimes related to crypto assets. The FSCA's framework addresses the need to regulate crypto assets in response to increased consumer interest and instances of abuse and fraud in the market
#cryptonews #crypto #exchanges #Write2Earn
South Korea moves forward with cryptocurrency regulation
Potential major regulatory changes for the #cryptocurrencymarket are being actively discussed in #SouthKorea this week. The Financial Service of Korea (FSC) is considering lifting the ban on spot ETFs, as well as allowing institutional investors to open accounts on #exchanges . These moves signal a softening of the supervisory authorities' stance towards digital assets and their integration into traditional finance. Since 2018, institutional players have been unable to trade cryptocurrencies due to strict requirements.
At the same time, cryptocurrency is increasingly being incorporated into Korea's legislative processes. According to the norms of the Civil Code, digital assets can be divided between spouses in the process of divorce. The Supreme Court of Korea already in 2018 recognized cryptocurrencies as intangible assets, which allows them to be taken into account in the division of property. Moreover, if one spouse suspects the other of having cryptocurrency accounts, the court can further investigate.
These measures reflect the growing importance of digital currencies as a financial instrument and their increasing use in various spheres of life - from investments to family law. The possible lifting of the ban on spot ETFs will create new opportunities for local investors, especially against the backdrop of the global trend towards the growing popularity of such funds.
In addition, the changes may strengthen South Korea's competitive position in the global cryptocurrency market. This will open up new prospects for the country to develop blockchain technologies and attract foreign investment.
However, it is important to note that despite these positive steps, cryptocurrency markets remain under the scrutiny of regulators. Possible changes will require careful consideration to balance the interests of both #investors and the state, while maintaining the necessary level of protection and transparency.
#MemeCoinTrending
At the same time, cryptocurrency is increasingly being incorporated into Korea's legislative processes. According to the norms of the Civil Code, digital assets can be divided between spouses in the process of divorce. The Supreme Court of Korea already in 2018 recognized cryptocurrencies as intangible assets, which allows them to be taken into account in the division of property. Moreover, if one spouse suspects the other of having cryptocurrency accounts, the court can further investigate.
These measures reflect the growing importance of digital currencies as a financial instrument and their increasing use in various spheres of life - from investments to family law. The possible lifting of the ban on spot ETFs will create new opportunities for local investors, especially against the backdrop of the global trend towards the growing popularity of such funds.
In addition, the changes may strengthen South Korea's competitive position in the global cryptocurrency market. This will open up new prospects for the country to develop blockchain technologies and attract foreign investment.
However, it is important to note that despite these positive steps, cryptocurrency markets remain under the scrutiny of regulators. Possible changes will require careful consideration to balance the interests of both #investors and the state, while maintaining the necessary level of protection and transparency.
#MemeCoinTrending
The EigenLayer project has been accused of defrauding investors' expectations
Blockchain protocol #EigenLayer ($EIGEN
), focused on restacking in the Ethereum network, has failed to meet #investors ' expectations, Alex Obchakevich, founder of cryptoanalytics company Obchakevich Research, is convinced.
The researcher emphasized that EigenLayer attracted a lot of attention in its early days and received a whopping $64.5 million from venture capital funds. EigenLayer promised “innovations in liquid staking, providing high returns for users and reliability for investors,” but failed to deliver, Obchakevich emphasized.
He explained that users of the EigenLayer protocol expected significant profits from the placement of their assets, but in fact the amounts were many times lower than expected, which caused a lot of dissatisfaction. For this reason, the transparency of the project was questioned.
In addition, the community suspected insider trading and market manipulation after EIGEN tokens were sold for a whopping $2 billion after #listing on major crypto #exchanges .
Meanwhile, the EIGEN token has soared nearly 7% in the past 24 hours and is up as much as 15.45% in the past seven days. The crypto asset is now trading just 13.5% below its all-time high of $4.53.
#moonbix
), focused on restacking in the Ethereum network, has failed to meet #investors ' expectations, Alex Obchakevich, founder of cryptoanalytics company Obchakevich Research, is convinced.
The researcher emphasized that EigenLayer attracted a lot of attention in its early days and received a whopping $64.5 million from venture capital funds. EigenLayer promised “innovations in liquid staking, providing high returns for users and reliability for investors,” but failed to deliver, Obchakevich emphasized.
He explained that users of the EigenLayer protocol expected significant profits from the placement of their assets, but in fact the amounts were many times lower than expected, which caused a lot of dissatisfaction. For this reason, the transparency of the project was questioned.
In addition, the community suspected insider trading and market manipulation after EIGEN tokens were sold for a whopping $2 billion after #listing on major crypto #exchanges .
Meanwhile, the EIGEN token has soared nearly 7% in the past 24 hours and is up as much as 15.45% in the past seven days. The crypto asset is now trading just 13.5% below its all-time high of $4.53.
#moonbix
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🔥Bitcoin is still in the red.
The price of Bitcoin has once again reached the ranges of $54,000 dollars, this as payments from the defunct exchange #MtGox and money transfers from the German government to different #exchanges occur.
#Bitcoin has been harassed by selling pressure amid the anticipation of MT Gox payments. While it is true, it was learned that the payment process would take days, however, some exchanges are announcing that they want to distribute these payments as soon as possible.
On the other hand, the German Government continues to move its #bitcoins to different centralized exchanges for a possible sale. So far it has already moved more than 50% of what it had a few days ago. The German Government currently owns 23,788 #BTC☀ , according to data from @Arkham Intelligence.
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Share and follow me for more 👈😎
$BTC
The price of Bitcoin has once again reached the ranges of $54,000 dollars, this as payments from the defunct exchange #MtGox and money transfers from the German government to different #exchanges occur.
#Bitcoin has been harassed by selling pressure amid the anticipation of MT Gox payments. While it is true, it was learned that the payment process would take days, however, some exchanges are announcing that they want to distribute these payments as soon as possible.
On the other hand, the German Government continues to move its #bitcoins to different centralized exchanges for a possible sale. So far it has already moved more than 50% of what it had a few days ago. The German Government currently owns 23,788 #BTC☀ , according to data from @Arkham Intelligence.
👉Do you want to continue learning about the crypto world?
Share and follow me for more 👈😎
$BTC
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🔥MT Gox is now starting to move funds to exchanges.
The wallets at #MtGox are already beginning to distribute #bitcoins and Bitcoin cash at #exchanges so that it is in charge of distributing to end users.
According to the @Arkham Intelligence platform, Mt gox moved about 48,641 BTC ($3.1 billion dollars) to different addresses, where an address belonging to an exchange has been identified.
The exchange that received the Bitcoins mentions through an official message that the bitcoins would be distributed within 7 to 14 days in the accounts assigned to the users.
👉Do you want to continue learning about the crypto world?
Share and follow me for more 👈😎
$BTC
The wallets at #MtGox are already beginning to distribute #bitcoins and Bitcoin cash at #exchanges so that it is in charge of distributing to end users.
According to the @Arkham Intelligence platform, Mt gox moved about 48,641 BTC ($3.1 billion dollars) to different addresses, where an address belonging to an exchange has been identified.
The exchange that received the Bitcoins mentions through an official message that the bitcoins would be distributed within 7 to 14 days in the accounts assigned to the users.
👉Do you want to continue learning about the crypto world?
Share and follow me for more 👈😎
$BTC
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case #solesbot
Chapter 5
a new stage within the Scam, in which more reasonable doubts appeared, but it continued “working.”
Raúl Soles turned out to be an entertainer in the best style of Don Francisco, just like an evangelical pastor, but with the cult of wealth and success. He presented himself as a man whose humble origins, which he could not hide due to the extravagance of the curious jewelry he wore, a collection of thick gold rings and a Rolex watch, and that particular hairstyle in the style of a singer they call Ozuna (from whose existence I also found out from this show), his speech, undoubtedly well studied, was based on premises obviously known within that entire movement of personal development, visualization of success and coaching, in fact, the guy did not give bad advice during the contacts he made with his fans on social media 🙄😅, in truth the guy was a star, an artist, a good scammer. 🤡
On the other hand, the Solesbot platform had new tools, new functions, it appeared to be increasingly complete and robust, however, the behavior of the functions that were most used, arbitration, deposits and withdrawals, began to present anomalies that many users They began to notice and report.
The numbers stopped adding up! 👀
The supposed arbitration robot presented “errors” 🤖💥, for which there was always an explanation: maintenance, improvements, connection failures with #exchanges , etc.
Chapter 5
a new stage within the Scam, in which more reasonable doubts appeared, but it continued “working.”
Raúl Soles turned out to be an entertainer in the best style of Don Francisco, just like an evangelical pastor, but with the cult of wealth and success. He presented himself as a man whose humble origins, which he could not hide due to the extravagance of the curious jewelry he wore, a collection of thick gold rings and a Rolex watch, and that particular hairstyle in the style of a singer they call Ozuna (from whose existence I also found out from this show), his speech, undoubtedly well studied, was based on premises obviously known within that entire movement of personal development, visualization of success and coaching, in fact, the guy did not give bad advice during the contacts he made with his fans on social media 🙄😅, in truth the guy was a star, an artist, a good scammer. 🤡
On the other hand, the Solesbot platform had new tools, new functions, it appeared to be increasingly complete and robust, however, the behavior of the functions that were most used, arbitration, deposits and withdrawals, began to present anomalies that many users They began to notice and report.
The numbers stopped adding up! 👀
The supposed arbitration robot presented “errors” 🤖💥, for which there was always an explanation: maintenance, improvements, connection failures with #exchanges , etc.
🚨🚨 13000 usdt Swiped to 0 / Big fraud by BITBNS🚨🚨.
BITBNS a crypto exchange That has Been operating in india since quite a long time and had suspended it’s withdrawals since nov last year. Is again In newses, Many Users of the exchange has complained that there Balance has turned into zero (As reported by Ht) One user reported His account has had 1.2 MILLION INR (nearly 13000 usdt equivalent ) crypto which has turned zero. Although the CEO of app has said that it’s just a minor glitch and nothing else . Noteably the exchange has been Accepting deposits but withdrawals are suspended.
Do you have ur money stuck anywhere ? comment 👇
Also avoid using such exchanges when trustable exchanges like binance Are in the space
#exchanges #ScamAlert
BITBNS a crypto exchange That has Been operating in india since quite a long time and had suspended it’s withdrawals since nov last year. Is again In newses, Many Users of the exchange has complained that there Balance has turned into zero (As reported by Ht) One user reported His account has had 1.2 MILLION INR (nearly 13000 usdt equivalent ) crypto which has turned zero. Although the CEO of app has said that it’s just a minor glitch and nothing else . Noteably the exchange has been Accepting deposits but withdrawals are suspended.
Do you have ur money stuck anywhere ? comment 👇
Also avoid using such exchanges when trustable exchanges like binance Are in the space
#exchanges #ScamAlert
How Exchanges Manipulate Prices for Profit Using Long and Short Positions!
Cryptocurrency exchanges often manipulate markets by exploiting long and short positions to trigger liquidations, stabilizing prices and profiting in the process. By intentionally pushing prices up or down, exchanges can force traders into liquidation, particularly those using leveraged positions. This not only stabilizes volatile prices but also allows exchanges to collect substantial fees from every trade and liquidation event.
Liquidity hunters, large players who exploit price movements, also benefit from this manipulation. They actively seek out price zones where liquidations are likely and push prices into those zones. When this happens, a chain of forced liquidations occurs, creating further volatility, which increases trading volume and profits for both the exchanges and liquidity hunters.
This practice raises concerns about fairness. Exchanges, which should serve as neutral platforms, often appear to act in their own interest, engineering volatility to trigger liquidations deliberately. The lack of regulation in the cryptocurrency market allows these actions to go unchecked, leaving retail traders at a disadvantage.
Without regulatory oversight, exchanges continue to profit from market instability, manipulating prices while creating an uneven playing field for traders. Retail investors, especially those using leverage, are most vulnerable to these tactics, often losing significant amounts due to unexpected liquidations.
In this environment, it becomes increasingly clear that exchanges aren't merely facilitators of trade but active players in a system skewed in their favor.
#liquidity #long #short #exchanges #profit
Liquidity hunters, large players who exploit price movements, also benefit from this manipulation. They actively seek out price zones where liquidations are likely and push prices into those zones. When this happens, a chain of forced liquidations occurs, creating further volatility, which increases trading volume and profits for both the exchanges and liquidity hunters.
This practice raises concerns about fairness. Exchanges, which should serve as neutral platforms, often appear to act in their own interest, engineering volatility to trigger liquidations deliberately. The lack of regulation in the cryptocurrency market allows these actions to go unchecked, leaving retail traders at a disadvantage.
Without regulatory oversight, exchanges continue to profit from market instability, manipulating prices while creating an uneven playing field for traders. Retail investors, especially those using leverage, are most vulnerable to these tactics, often losing significant amounts due to unexpected liquidations.
In this environment, it becomes increasingly clear that exchanges aren't merely facilitators of trade but active players in a system skewed in their favor.
#liquidity #long #short #exchanges #profit
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🤯 Binance's market share drops to four-year low.
The exchange's overall share of the total cryptocurrency market volume (spot and derivatives) has dropped to 36.6%.
💪 In contrast, Crypot . com has gained ground.
However, Binance is still the exchange with the largest market volume.
Which of these exchanges do you prefer?
🔥 = Binance
💪 = Crypto . com
🤔 = Coinbase
❤️ = Upbit
😊 = OKX
👀 = Bybit
🤯 = Kucoin
❤️🔥 = Bitget
#exchange #exchanges #criptomonedas. #SPOT #MarketSentimentToday
The exchange's overall share of the total cryptocurrency market volume (spot and derivatives) has dropped to 36.6%.
💪 In contrast, Crypot . com has gained ground.
However, Binance is still the exchange with the largest market volume.
Which of these exchanges do you prefer?
🔥 = Binance
💪 = Crypto . com
🤔 = Coinbase
❤️ = Upbit
😊 = OKX
👀 = Bybit
🤯 = Kucoin
❤️🔥 = Bitget
#exchange #exchanges #criptomonedas. #SPOT #MarketSentimentToday
Binance is introducing pre-market #Spottrading !
This new service enables users to buy and sell real #tokens prior to their official launch. 🚀
While other #exchanges provide similar features, they focus on derivatives rather than actual tokens.
Only tokens from #BinanceLaunchpool will be available for pre-market trading.💲
#BinanceLaunchpoolHMSTR
This new service enables users to buy and sell real #tokens prior to their official launch. 🚀
While other #exchanges provide similar features, they focus on derivatives rather than actual tokens.
Only tokens from #BinanceLaunchpool will be available for pre-market trading.💲
#BinanceLaunchpoolHMSTR
The distribution of positive and negative price change
#exchanges #distribution #movement
Do not forget to follow
#exchanges #distribution #movement
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#Advertising Bybit has good news for its users in Argentina: the Bybit Card is now available in physical form.
New users who request the card will be able to enjoy an attractive welcome bonus, in addition to the convenience of making purchases at millions of establishments directly with cryptocurrencies.
Here's how you can acquire the Bybit Card
#exchange #exchanges #argentina #Criptomonedas #criptomonedas"
New users who request the card will be able to enjoy an attractive welcome bonus, in addition to the convenience of making purchases at millions of establishments directly with cryptocurrencies.
Here's how you can acquire the Bybit Card
#exchange #exchanges #argentina #Criptomonedas #criptomonedas"
How the Major Exchange Coins / Tokens performed in May:
CEXs
Gainers: Up by 📈
🔵 BGB (Bitget): Up by 19%
🟡 $BNB (Binance): Up by 7.9%
🔵 GT (Gate. io ): Up by 4.7%
🟡 LEO (Bitfinex): Up by 2.2%
Losers: Down by 📉
⚫️ WBT (WhiteBIT): Down by 1.1%
🟢 KCS (KuCoin): Down by 1.1%
⚪️ OKB (OKX): Down by 7.1%
🔵 HT (Huobi): Down by 8.5%
🔵 MX (MEXC): Down by 13.7%
🔵 CRO (Crypto. com): Down by 16.1%
DEXs
Gainers: Up by 📈
🦄 UNI (Uniswap): Up by 28.7%
🎠 1INCH (1inch Network): Up by 22.6%
®️ RUNE (Thorchain): Up by 13,2%
🐦⬛ GNO (Gnosis): Up by 10.5%
🍣 SUSHI (SushiSwap): Up by 8.9%
🪐 JUP (Jupiter): Up by 2.1%
🧁 CAKE (PancakeSwap): Up by 0.9%
Losers: Down by 📉
🗼 XLM (Stellar): Down by 3.8%
📐 LRC (Loopring): Down by 4,4%
🍵 $OSMO (Osmosis): Down by 5,4%
Numbers are according to CoinGecko (3.05/3.06 - 10:30 UTC)
$UNI is the champion of the month
$CRO is the loser of the month
#exchanges #BNB_Market_Update #Uniswap’s
CEXs
Gainers: Up by 📈
🔵 BGB (Bitget): Up by 19%
🟡 $BNB (Binance): Up by 7.9%
🔵 GT (Gate. io ): Up by 4.7%
🟡 LEO (Bitfinex): Up by 2.2%
Losers: Down by 📉
⚫️ WBT (WhiteBIT): Down by 1.1%
🟢 KCS (KuCoin): Down by 1.1%
⚪️ OKB (OKX): Down by 7.1%
🔵 HT (Huobi): Down by 8.5%
🔵 MX (MEXC): Down by 13.7%
🔵 CRO (Crypto. com): Down by 16.1%
DEXs
Gainers: Up by 📈
🦄 UNI (Uniswap): Up by 28.7%
🎠 1INCH (1inch Network): Up by 22.6%
®️ RUNE (Thorchain): Up by 13,2%
🐦⬛ GNO (Gnosis): Up by 10.5%
🍣 SUSHI (SushiSwap): Up by 8.9%
🪐 JUP (Jupiter): Up by 2.1%
🧁 CAKE (PancakeSwap): Up by 0.9%
Losers: Down by 📉
🗼 XLM (Stellar): Down by 3.8%
📐 LRC (Loopring): Down by 4,4%
🍵 $OSMO (Osmosis): Down by 5,4%
Numbers are according to CoinGecko (3.05/3.06 - 10:30 UTC)
$UNI is the champion of the month
$CRO is the loser of the month
#exchanges #BNB_Market_Update #Uniswap’s
From Hacks to Highs: The Wild Ride of Cryptocurrency in 2024!
The year 2024 has been marked by unprecedented events that have reverberated across multiple sectors, particularly in the realms of #cryptocurrency , economics, and politics. As we navigate through this year, let’s take a look at some significant occurrences that have defined the landscape:
Major Events of 2024
Cryptocurrency Exchange Bankruptcies:Several high-profile cryptocurrency #exchanges , including some in India and Malaysia, have declared bankruptcy, leaving investors in the lurch.These collapses have led to a significant loss of trust in centralized exchanges.#hacks and Security Breaches:Multiple exchanges have experienced hacks, resulting in millions of dollars being stolen from unsuspecting users.The aftermath of these incidents has raised concerns about security measures and the overall integrity of digital asset platforms.Burning of Old Digital Currencies:Many legacy cryptocurrencies are engaging in token burn mechanisms to reduce supply and stabilize prices.This trend has sparked debates on sustainability and the long-term viability of certain coins.
$XRP 's Resurgence:#XRP has emerged as a frontrunner in the crypto market, driven by legal victories and increased adoption.Its narrative has shifted from a legal battleground to a potential market leader, influencing investor sentiment.Global Economic Challenges:The world is grappling with economic downturns, inflation, and rising interest rates, affecting markets and consumer confidence.Countries are facing mounting pressures to find effective solutions to these financial woes.U.S. National Debt Crisis:The United States is navigating a staggering national debt of $33 trillion, prompting discussions about fiscal responsibility and potential reforms.Solutions are being debated in Congress, but consensus remains elusive.2024 U.S. Presidential Election:The political arena is heating up as Donald Trump and Kamala Harris position themselves as the leading candidates.Their contrasting visions for America are shaping campaign strategies and voter mobilization efforts.Elon Musk's Influence:Elon Musk continues to make headlines with his ventures, including advancements in AI and space exploration.His impact on technology and popular culture remains profound, influencing market trends and public discourse.
Major Events of 2024 by Month
January
FTX and Voyager's Bankruptcy Proceedings: Continued fallout from the 2022 collapses.Launch of CBDCs: Several countries, including China and the EU, expanded their Central Bank Digital Currency initiatives.Bitcoin Price Rally: Bitcoin saw a 15% increase, sparking renewed interest in crypto.
February
Crypto Exchange Hack in Malaysia: A major exchange suffered a breach, resulting in millions lost.SEC vs. Crypto Companies: The U.S. SEC increased scrutiny on various crypto platforms.Ethereum Upgrade: The transition to Ethereum 2.0 gained traction with successful testnets.
March
Market Correction: A significant pullback in crypto prices led to panic selling.XRP Legal Victory: Ripple won a court case, boosting XRP's market position.Coinbase Layoffs: Coinbase announced layoffs amid declining trading volumes.
April
New Regulatory Frameworks: The EU proposed new regulations for cryptocurrency exchanges.Launch of NFT Marketplaces: Several platforms launched, aiming to capture the growing NFT market.Stablecoin Regulations: Discussions around stablecoin regulation intensified.
May
Hack of Indian Exchange: An Indian crypto exchange was hacked, causing significant investor losses.Bitcoin Mining Crackdown: China resumed its crackdown on Bitcoin mining operations.Elon Musk's Twitter Influence: Musk's tweets drove sudden price movements in Dogecoin.
June
Summer Market Slump: Crypto markets experienced a significant downturn.NFT Market Decline: Reports showed a sharp decline in NFT sales.Crypto Tax Guidelines: Various countries released updated tax guidelines for crypto traders.
July
Binance Regulatory Issues: Binance faced increased scrutiny from regulators in multiple countries.Introduction of Layer 2 Solutions: Several blockchain projects introduced Layer 2 scaling solutions.Launch of New Altcoins: Many new altcoins were launched amid a recovering market sentiment.
August
Return of Crypto Bull Run: Bitcoin and Ethereum prices began to rise again.Partnerships with Traditional Finance: Crypto platforms partnered with banks to facilitate fiat transactions.Major Hack on Global Exchange: A well-known global exchange experienced a breach, leading to heavy losses.
September
XRP Market Leadership: XRP continued to climb, solidifying its position in the top 5 cryptocurrencies.U.S. National Debt Concerns: Ongoing discussions about the implications of the $33 trillion national debt.Elon Musk's New Ventures: Announced plans for new space exploration projects.
October
Crypto Market Regulation Announcements: Major announcements from regulators about upcoming policies.Adoption of Blockchain Technology: Businesses began exploring blockchain for supply chain solutions.Market Volatility: Prices fluctuated significantly as traders reacted to regulatory news.
November
U.S. Elections and Market Impact: Market sentiment shifted based on election results.Adoption of Crypto by Retailers: More retailers began accepting cryptocurrencies as payment.Major Exchange Acquisitions: Acquisitions of smaller exchanges by larger players were announced.
December
Year-End Market Review: Analysts reported on the highs and lows of the crypto market in 2024.Forecast for 2025: Predictions for market trends and regulatory changes in the coming year.Final Crypto Hack of the Year: A last-minute hack on a prominent exchange highlighted ongoing security issues.
2024 Short Review:
The events of 2024 have shaped a turbulent landscape for the cryptocurrency market, reflecting a mix of regulatory developments, market volatility, and technological advancements. As the year concludes, the implications of these occurrences will likely influence strategies and policies in the years to come.
Analysis of the Current Landscape
The events of 2024 have highlighted the volatility and unpredictability of both financial and political spheres. The catastrophic failures of cryptocurrency exchanges serve as a stark reminder of the inherent risks involved in the digital asset space. As millions of dollars vanish due to hacks, investors are forced to reconsider their trust in these platforms and the future of cryptocurrency as a whole.
In parallel, the resurgence of XRP showcases how legal clarity can dramatically shift market dynamics. The coin’s journey from litigation to potential market dominance reflects broader trends in the crypto ecosystem, where regulatory clarity is increasingly sought by investors.
Meanwhile, global economic challenges are adding layers of complexity to the situation. Inflation and rising interest rates have placed pressure on consumer spending and investment, forcing countries to reevaluate their economic policies. In the U.S., the staggering national debt poses questions about fiscal sustainability and future growth.
The upcoming presidential election adds yet another layer of uncertainty. With candidates like Donald Trump and Kamala Harris vying for the highest office, their platforms will not only shape the political landscape but also have significant implications for economic policy and international relations.
As we observe the actions of influential figures like Elon Musk, it becomes clear that innovation and disruption will continue to play a crucial role in shaping the future. His endeavors in AI and space exploration signify a push towards a new technological era, even amidst economic turmoil.
In Nutshell
The events of 2024 encapsulate a pivotal moment in history, characterized by significant setbacks and transformative changes. The interplay between cryptocurrency turmoil, economic challenges, and political shifts will continue to influence global dynamics in the months to come. As we move forward, it is essential for investors, policymakers, and citizens to remain vigilant and adaptive in the face of these rapid changes.
Major Events of 2024
Cryptocurrency Exchange Bankruptcies:Several high-profile cryptocurrency #exchanges , including some in India and Malaysia, have declared bankruptcy, leaving investors in the lurch.These collapses have led to a significant loss of trust in centralized exchanges.#hacks and Security Breaches:Multiple exchanges have experienced hacks, resulting in millions of dollars being stolen from unsuspecting users.The aftermath of these incidents has raised concerns about security measures and the overall integrity of digital asset platforms.Burning of Old Digital Currencies:Many legacy cryptocurrencies are engaging in token burn mechanisms to reduce supply and stabilize prices.This trend has sparked debates on sustainability and the long-term viability of certain coins.
$XRP 's Resurgence:#XRP has emerged as a frontrunner in the crypto market, driven by legal victories and increased adoption.Its narrative has shifted from a legal battleground to a potential market leader, influencing investor sentiment.Global Economic Challenges:The world is grappling with economic downturns, inflation, and rising interest rates, affecting markets and consumer confidence.Countries are facing mounting pressures to find effective solutions to these financial woes.U.S. National Debt Crisis:The United States is navigating a staggering national debt of $33 trillion, prompting discussions about fiscal responsibility and potential reforms.Solutions are being debated in Congress, but consensus remains elusive.2024 U.S. Presidential Election:The political arena is heating up as Donald Trump and Kamala Harris position themselves as the leading candidates.Their contrasting visions for America are shaping campaign strategies and voter mobilization efforts.Elon Musk's Influence:Elon Musk continues to make headlines with his ventures, including advancements in AI and space exploration.His impact on technology and popular culture remains profound, influencing market trends and public discourse.
Major Events of 2024 by Month
January
FTX and Voyager's Bankruptcy Proceedings: Continued fallout from the 2022 collapses.Launch of CBDCs: Several countries, including China and the EU, expanded their Central Bank Digital Currency initiatives.Bitcoin Price Rally: Bitcoin saw a 15% increase, sparking renewed interest in crypto.
February
Crypto Exchange Hack in Malaysia: A major exchange suffered a breach, resulting in millions lost.SEC vs. Crypto Companies: The U.S. SEC increased scrutiny on various crypto platforms.Ethereum Upgrade: The transition to Ethereum 2.0 gained traction with successful testnets.
March
Market Correction: A significant pullback in crypto prices led to panic selling.XRP Legal Victory: Ripple won a court case, boosting XRP's market position.Coinbase Layoffs: Coinbase announced layoffs amid declining trading volumes.
April
New Regulatory Frameworks: The EU proposed new regulations for cryptocurrency exchanges.Launch of NFT Marketplaces: Several platforms launched, aiming to capture the growing NFT market.Stablecoin Regulations: Discussions around stablecoin regulation intensified.
May
Hack of Indian Exchange: An Indian crypto exchange was hacked, causing significant investor losses.Bitcoin Mining Crackdown: China resumed its crackdown on Bitcoin mining operations.Elon Musk's Twitter Influence: Musk's tweets drove sudden price movements in Dogecoin.
June
Summer Market Slump: Crypto markets experienced a significant downturn.NFT Market Decline: Reports showed a sharp decline in NFT sales.Crypto Tax Guidelines: Various countries released updated tax guidelines for crypto traders.
July
Binance Regulatory Issues: Binance faced increased scrutiny from regulators in multiple countries.Introduction of Layer 2 Solutions: Several blockchain projects introduced Layer 2 scaling solutions.Launch of New Altcoins: Many new altcoins were launched amid a recovering market sentiment.
August
Return of Crypto Bull Run: Bitcoin and Ethereum prices began to rise again.Partnerships with Traditional Finance: Crypto platforms partnered with banks to facilitate fiat transactions.Major Hack on Global Exchange: A well-known global exchange experienced a breach, leading to heavy losses.
September
XRP Market Leadership: XRP continued to climb, solidifying its position in the top 5 cryptocurrencies.U.S. National Debt Concerns: Ongoing discussions about the implications of the $33 trillion national debt.Elon Musk's New Ventures: Announced plans for new space exploration projects.
October
Crypto Market Regulation Announcements: Major announcements from regulators about upcoming policies.Adoption of Blockchain Technology: Businesses began exploring blockchain for supply chain solutions.Market Volatility: Prices fluctuated significantly as traders reacted to regulatory news.
November
U.S. Elections and Market Impact: Market sentiment shifted based on election results.Adoption of Crypto by Retailers: More retailers began accepting cryptocurrencies as payment.Major Exchange Acquisitions: Acquisitions of smaller exchanges by larger players were announced.
December
Year-End Market Review: Analysts reported on the highs and lows of the crypto market in 2024.Forecast for 2025: Predictions for market trends and regulatory changes in the coming year.Final Crypto Hack of the Year: A last-minute hack on a prominent exchange highlighted ongoing security issues.
2024 Short Review:
The events of 2024 have shaped a turbulent landscape for the cryptocurrency market, reflecting a mix of regulatory developments, market volatility, and technological advancements. As the year concludes, the implications of these occurrences will likely influence strategies and policies in the years to come.
Analysis of the Current Landscape
The events of 2024 have highlighted the volatility and unpredictability of both financial and political spheres. The catastrophic failures of cryptocurrency exchanges serve as a stark reminder of the inherent risks involved in the digital asset space. As millions of dollars vanish due to hacks, investors are forced to reconsider their trust in these platforms and the future of cryptocurrency as a whole.
In parallel, the resurgence of XRP showcases how legal clarity can dramatically shift market dynamics. The coin’s journey from litigation to potential market dominance reflects broader trends in the crypto ecosystem, where regulatory clarity is increasingly sought by investors.
Meanwhile, global economic challenges are adding layers of complexity to the situation. Inflation and rising interest rates have placed pressure on consumer spending and investment, forcing countries to reevaluate their economic policies. In the U.S., the staggering national debt poses questions about fiscal sustainability and future growth.
The upcoming presidential election adds yet another layer of uncertainty. With candidates like Donald Trump and Kamala Harris vying for the highest office, their platforms will not only shape the political landscape but also have significant implications for economic policy and international relations.
As we observe the actions of influential figures like Elon Musk, it becomes clear that innovation and disruption will continue to play a crucial role in shaping the future. His endeavors in AI and space exploration signify a push towards a new technological era, even amidst economic turmoil.
In Nutshell
The events of 2024 encapsulate a pivotal moment in history, characterized by significant setbacks and transformative changes. The interplay between cryptocurrency turmoil, economic challenges, and political shifts will continue to influence global dynamics in the months to come. As we move forward, it is essential for investors, policymakers, and citizens to remain vigilant and adaptive in the face of these rapid changes.
🚀 🚀🚀🚀🚀🔥🔥🔥🔥🔥
90-day website traffic to #crypto exchanges has increased 45% from the Aug-Oct figures, suggesting that retail is gradually returning to the market.
#crypto⭐️ #marketupdate #exchanges $BNB #BTC
90-day website traffic to #crypto exchanges has increased 45% from the Aug-Oct figures, suggesting that retail is gradually returning to the market.
#crypto⭐️ #marketupdate #exchanges $BNB #BTC
🚨Crypto Losses to #hacks Exceed $313M in August 🚨
Cryptocurrency hackers stole $313.86 million in digital assets across more than 10 #cyberattacks in August, raising significant doubts about the broader acceptance of the asset class.
The alarming figure highlights a growing trend of sophisticated #cybercrime targeting the crypto industry.
This wave of thefts has prompted renewed calls for stricter regulation and better security measures within the sector.
The recent hacks add pressure on #exchanges and custodians to bolster their defenses and protect user assets.
🌐Source: #Cointelegraph
Follow me to keep yourself updated ❗❕❗
Cryptocurrency hackers stole $313.86 million in digital assets across more than 10 #cyberattacks in August, raising significant doubts about the broader acceptance of the asset class.
The alarming figure highlights a growing trend of sophisticated #cybercrime targeting the crypto industry.
This wave of thefts has prompted renewed calls for stricter regulation and better security measures within the sector.
The recent hacks add pressure on #exchanges and custodians to bolster their defenses and protect user assets.
🌐Source: #Cointelegraph
Follow me to keep yourself updated ❗❕❗
#Fastnews
Binance Market Share dropped from 50% to 30.1% this year while facing regulatory challenges.
#Binance #exchanges #crypto #regulation
Binance Market Share dropped from 50% to 30.1% this year while facing regulatory challenges.
#Binance #exchanges #crypto #regulation