Why is the crypto market down today?

Bitcoin plunged to $29,000 on July 24, signaling that bears are trying to seize control. It looks like the failure to hold on to the higher levels may have tempted short-term bulls to book profits and aggressive bears to initiate short positions.Although the near term looks bearish, long-term investors remain unfazed, and they continue to hold…

As a proof-of-stake layer-1 protocol, ParallelChain intends to deliver an architecture that operates in confidentiality while allowing to validate transactions. 325 Total views 6 Total shares Digital asset investment firm GEM Digital Limited (GEM) has committed $50 million to finance ParallelChain Lab following the launch of its mainnet and native token listing, XPLL, in Q4…

New rules under the MiCA framework may encourage big banks to enter the DeFi space, potentially complicating compliance for native crypto projects.

Ethereum's native token Ether (ETH) has been forming an inverse-cup-and-handle pattern since May 2021 on the weekly chart, which hints at a potential decline against Bitcoin (BTC). ETH/BTC weekly price chart featuring inverse cup-and-handle breakdown setup. Source: TradingViewAn inverse cup-and-handle is a bearish reversal pattern, accompanied by lower trading volume. It typically resolves after the price breaks…

The United States Securities Exchange Commission (SEC) has announced that it is looking for ways to expand the classification of “accredited investor,” with potentially major implications for capital formation of firms hesitant to meet full public reporting requirements.The amendments and who gets to be accreditedPer a Dec. 18 announcement on the SEC’s website, the regulator…

Sunday, April 7 — most of the top 20 cryptocurrencies are seeing moderate to notable gains on the day by press time, as Bitcoin (BTC) climbs over the $5,100 mark.Market visualization courtesy of Coin360Bitcoin’s price has seen a gain of two and a half percent on the day, trading at around $5,156 by press time,…

Impermanent loss relates to a condition wherein investors end up losing assets they had previously dedicated to providing liquidity to a liquidity pool. 331 Total views 13 Total shares Zircon Finance, an automated market maker (AMM) and a decentralized exchange on Moonbeam, announced the launch of a mainnet network to address investors’ challenges related to…

Donald Trump’s advisers said they would recommend the US President sign a resolution repealing the IRS rule into law if passed by the House and Senate. David Sacks, the AI and crypto czar in the Trump administration, said the White House will support congressional efforts to rescind the Internal Revenue Service (IRS) decentralized finance (DeFi)