Cryptocurrency News & Live Updates
Synopsis
The Securities and Exchange Commission of the Philippines is cracking down on unregistered crypto platforms, including Bybit and OKX, along with eight others. They face potential penalties under new regulations.
The Philippine SEC has cautioned the public about using Bybit, OKX, and eight other cryptocurrency exchanges because they haven’t complied with the updated Crypto Asset Service Provider (CASP) guidelines. The agency emphasized the dangers faced by Filipino investors, notably the possibility of scams and the absence of any legal protections. In other news, Ethereum is seeing substantial accumulation by large holders and institutions, with its price currently around $3,667. However, the $3,800 level presents a challenge, despite recent trends pointing towards bullish sentiment from major investors. Separately, the BONK token is indicating a possible rebound, supported by recent token destructions, while TOWER’s value has skyrocketed by over 100% after Animoca Brands announced a buyback. The cryptocurrency market is evolving quickly, marked by increased regulatory oversight and changing market dynamics. Investors are closely monitoring these factors for any impact on their investments.
Show more
Philippine SEC Focuses on Bybit, OKX Due to Registration Issues
The Philippines SEC is targeting Bybit, OKX, and eight other crypto exchanges for functioning without proper authorization, warning that they may face legal repercussions based on the revised crypto laws.
Can Ethereum Surpass $3,800 Amid Significant Buying?
Ethereum’s value has climbed above $3,700 as major buyers, including whales and institutions, increase their holdings. The question is, can it regain the $3,800 price point before the week concludes?
Ethereum Demonstrates Stability with Increasing Binance Activity
Currently priced at $3,667, Ethereum has shown a 4% gain over the last 24 hours, maintaining positive momentum for the month, in spite of some volatility. Open interest in ETH on Binance has reached a record $8.7 billion, suggesting growing market participation.
Will Token Burning Drive BONK’s Price Upward?
BONK’s price is preparing for a possible 60% surge as ongoing token destructions are creating upward pressure. Important support is holding steady at $0.000025–$0.000026.
TOWER Token Jumps More Than 100% Following Buyback Announcement
TOWER, the gaming utility token, experienced a 102% increase in value after Animoca Brands CEO Yat Siu revealed plans for a token buyback, leading to questions about the long-term viability of this surge.
Ethena’s Price Weakens After Significant Token Release
Ethena (ENA) is facing downward pressure due to concerns about liquidity and a large token unlock. It’s currently trading at $0.586, a 2.9% decrease over the past day.
Solana Seeker Phones Being Delivered to Over 50 Countries
Solana Mobile has begun global distribution of its Seeker smartphones, reaching over 50 countries with tens of thousands of units en route, following strong pre-orders and a design focused on web3 functionality.
North Korean Hackers Targeting Crypto Companies Using Remote Job Scams
Cybersecurity experts are warning that North Korean IT professionals are using false identities to infiltrate cryptocurrency firms, stealing millions of dollars through fraudulent remote job applications.
Bitsonic CEO Receives Another Jail Sentence for Fraud
Shin Jinwook, the CEO of Bitsonic, has received a longer prison sentence after being convicted of defrauding customers of more than $72,000 through deceptive activities involving the exchange’s own token.
Could This Coin, Priced Under $0.000001, Outperform Ethereum?
While Ethereum continues to be a leader in DeFi and smart contracts, the emerging Pepeto coin is creating excitement for its potential to rival ETH’s growth during the upcoming market cycle.
Bitpanda Reports Record Profits Amid Expansion Efforts
Bitpanda has announced its most profitable year to date, with revenue more than doubling, boosted by strategic partnerships and regulatory-compliant offerings, which is positioning the company for further expansion in 2025.
SEC Permits Select Stablecoins to Be Used as Cash Equivalents
The Securities and Exchange Commission has released preliminary guidelines that allow particular U.S. dollar-backed stablecoins to be treated as cash equivalents on company financial statements, with the intention of modernizing cryptocurrency regulations.
CFTC Approves Spot Crypto Trading on Registered Exchanges
The Commodity Futures Trading Commission (CFTC) has given the go-ahead for trading of spot crypto contracts on federally registered exchanges, signifying a major step towards federal regulation of digital asset markets.
Pantera Capital Leads $20 Million Investment in Robot OS Developer
Pantera Capital spearheaded a $20 million funding round for OpenMind, a company seeking to build a decentralized operating system for robots to improve collaboration across various robot manufacturers.
Ascend Accelerator Program Launched for RWA-Focused Startups
The Ascend startup accelerator aims to provide assistance to startups concentrating on Real World Assets (RWAs), providing mentorship and investor connections, with the goal of increasing institutional participation in the $24 billion RWA market.
Barry Silbert Returns as Grayscale’s Chairman
Grayscale Investments has welcomed back its founder, Barry Silbert, as chairman of the board, along with other new executive appointments, as the company prepares for future growth.
MemeCore Sees 24.14% Increase, Showing Strong Bullish Indicators
MemeCore has surged by 24.14%, indicating a bullish Elliott Wave pattern, suggesting potential for further gains if key resistance levels can be broken through.
Nexus Mutual Pays Out $250,000 to Victims of Arcadia Hack
Nexus Mutual has disbursed $250,000 to users affected by the $3.5 million Arcadia Finance exploit, marking a significant insurance payout on the Base blockchain.