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The cryptocurrency community witnessed the advent of several meme coins over the past couple of years. The asset that closely resembled the success of Shiba Inu (SHIB) was PEPE. Despite not being a canine-themed asset, PEPE managed to shine in its own way. The asset managed to record a 1094% uptick throughout the past 12 months making it one of the most promising coins. However, the meme coin seems to have lost its way as it was seen dropping. Also Read: XRP Phase 4 Begins: 3 Key Markers To Watch Our As Ripple Begins Ascent Can PEPE Carry 2024’s Momentum Into 2025? Source: NewsBTC The PEPE market seems to struggling. The asset recorded a 31% drop throughout the last month. Earlier this month, the meme coin was trading at a high of $0.00002184 before slumping down to a low of $0.00001137. During press time, the asset was trading at $0.00001265 after dropping by 2.32% over the past 24 hours. Source: CoinMarketCap PEPE is not the only meme coin that has been on a downtrend. Most asse...

As summer 2024 approaches, the debate intensifies between Bitcoin (BTC) and Ethereum (ETH), two major players in the cryptocurrency market. Bitcoin is increasingly viewed as a digital gold, offering stability in times of economic uncertainty. This perception is supported by its reduced volatility post-halving, now lower than that of many S&P 500 companies, according to Fidelity . Ethereum continues to push the envelope with technological innovations like the recent Dencun upgrade, which aims to cut fees and enhance scalability. However, these changes have brought back inflationary aspects, moving away from the deflationary trend set by the 2022 Merge. Picks for you Crypto wallet adds pay-per-use access to premium subscription AIs 58 mins ago Economist taunts Bitcoin replacing fiat is like ‘a sideshow in Las Vegas’ 3 hours ago Here’s when the XRP price could hit $0.62 4 hours ago Whale alert: 10-year inactive Bitcoin wallets move 1,000 BTC 4 hours ag...

Bitget’s report reveals a 250% surge in custodial assets, driven by BTC ETF anticipation. Institutional adoption fuels growth, with rising interest in Bitcoin and Ethereum ETFs. Short-term storage dominates, with 77% of custodial accounts used for short-term purposes. Bitget, a prominent cryptocurrency exchange and Web3 company, has released a report uncovering a remarkable surge in assets under third-party custodial accounts. The report reveals a staggering 250% surge in assets under custody within the past four months. This surge is intricately linked to the anticipation and eventual approval of the BTC ETF, signalling a pivotal moment in the cryptocurrency market. The research draws on data from Bitget’s third-party custodial accounts, initiated through collaborations with digital asset custody providers, including Copper and Cobo. The surge in custodial accounts is not only a testament to the performance of the crypto market but also indi...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The United States Securities Exchange Commission’s (SEC) eleven Bitcoin ETF approvals, which took over a decade of efforts by fund managers to accomplish, have institutionalized Bitcoin, allowing digital assets to seep into investors’ portfolios in the US forever. With the two largest digital asset exchanges—Coinbase and Binance—still battling in court with the SEC, digital asset investors should beware that to protect investors, federal agencies SEC, Commodity Futures Trading Commission (CFTC), Financial Crimes Enforcement Network (FinCEN), Internal Revenue Service (IRS) and Office of Foreign Assets Control (OFAC) during 2023 ramped up legal enforcement efforts against world’s largest digital asset exchanges reaching a wide range of misconduct, that occurred in both US and foreign jurisdictions.   You might also like: ...

Join Our Telegram channel to stay up to date on breaking news coverage The UAE has been building a strong relationship with the cryptocurrency industry in some of its regions, but now, the federal financial regulatory agency of the UAE seeks to offer licenses to crypto companies that would allow them to offer virtual asset services country-wide. According to the recent announcement by the nation’s Securities and Commodities Authority (CSA), all virtual asset service providers who wish to operate in the country will have to submit an application to obtain the license. The applications should be submitted to the CSA itself. The only companies exempt from going through the process are those already owning the licenses to operate in financial free zones. Meanwhile, cryptocurrency companies that operate in the emirate of Dubai will still have to be in compliance with Dubai’s own, local financial regulator — Virtual Asset Services Authority (VARA). In other words, D...