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Singapore-based cryptocurrency exchange Phemex has said that it is “looking into” reports of a hack after one of its hot wallets was drained for $29 million worth of crypto tokens. Crypto security firm Cyvers reported “multiple suspicious transactions” from the Phemex hot
The outlook for bitcoin (BTC), the world’s largest cryptocurrency, is positive, and its price is expected to remain elevated in 2025, German lender Deutsche Bank (DB) said in a report Wednesday. A more favorable regulatory and political backdrop in the U.S., growing
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin and most major cryptocurrencies are weaker after Chicago Mercantile Exchange, a proxy for institutional activity, denied reports of listing futures tied to XRP and SOL. Traditional markets are also holding their breath
Ethereum layer-2 protocols are processing transactions faster than ever, with Coinbase’s BASE at the forefront of this progress. According to data from growthepie.xyz, the cumulative transaction throughput for layer 2s has skyrocketed to 29.64 million gas units per second (Mgas/s), the highest
Bitcoin (BTC), the largest cryptocurrency by market capitalization, is likely to hit record highs on more than 70 days this year, more than triple last year’s number, if the price continues to mirror 2017’s performance. It’s already on the way, hitting $109,000
Volatility traders looking to capitalize on significant price swings may soon find opportunities. A key indicator suggests that bitcoin (BTC), currently above $100,000, resembles a coiled spring poised to release energy in either direction. The indicator is the rolling 60-day price range,
Bitwise has officially submitted a registration filing for a dogecoin exchange-traded fund (ETF) as memecoin demand grows within the market. A “Bitwise Dogecoin ETF” was submitted late Wednesday and appeared on the Department of State’s Division of Corporations in the U.S. state
An earlier leak on the website of Chicago Mercantile Exchange (CME) showing regulated XRP (XRP) and Solana (SOL) futures could start trading on Feb. 10 pending regulatory approval was an “error,” a representative of the company told CoinDesk. “A beta page from
U.S. Commodity Futures Trading Commission Chairman Caroline Pham, the Republican commissioner who just took over the agency as President Donald Trump returned to the White House, ushered out many of the agency’s top officials under predecessor Rostin Behnam, the Democrat who’d been
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