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- 1 Crypto news is essential for investors who want to be one step ahead in their trade.
- 2 By knowing what’s happening in the industry, they can forecast and plan better.
- 3 With the latest news, crypto users can know what to expect from the markets.
There’s a lot that happens in the crypto sphere. It’s a rapidly evolving industry whose bedrock is a technology that radically changes everything. It has plenty of tokens that are emerging to take this technology ahead. So, there’s always lots of news that users get to hear from this space. Knowing the news of the crypto sphere is essential for crypto investors. With profound insights, they can plan their trade in a better way. So let’s take a dip into the recent happenings in the industry.
Recent Crypto News To Be Aware Of
These events throw light on the latest happenings in the domain. They help users build a perspective and expect forthcoming events.
Bitcoin is Still a Favorite of Options Traders Doing Shorting
Bitcoin’s price volatility is giving an opportunity to options traders to do shorting. The recent fluctuation in the crypto’s price has made it possible. Many traders have found a chance to do spot-ETF trading too. Additionally, it is encouraging the holders to bring risk strategy and active management. While BTC is bringing certain metrics, its value did not rise for some time.
CRV Strengthing As Curve Retrieved 73% of Lost Crypto
Recently, Curve became a victim of a big hacking attack. The hackers siphoned off tokens worth millions of tokens. But there’s been a recovery of funds and the market is positive about it. The attackers have returned 73% of the stolen assets. All things considered, it is quite a speedy recovery. It may help the DeFi ecosystem function the same way it was before the heist.
Huobi’s Stablecoin Reserves Take A Dip Due to Legal Action
Nansen.ai revealed a report that worried Huobi’s investors and the team. As per the data, its user withdrew stablecoins worth $44.8 Million in the last week. It has resulted in a 30% dip in the stablecoin reserves. Supposedly, the reason behind this seems to be the arrest of several executives of the company. However, Huobi has denied this report.
Miami Mayor Will Take Campaign Donations in Bitcoin
Miami Mayor Francis Suarez has openly supported cryptocurrency. He even introduced some government-backed projects, including digital assets. Lately, he announced that he’d accept presidential campaign donations in Bitcoin. In an interview, he said it’s a step toward democratizing wealth. He expressed his admiration for blockchain and said it would bring many positive changes.
Cardano Transactions Registered a 49% Spike Last Quarter
Things are going pretty well for Cardano right now. The protocol registered a 49% hike in transactions, and markets are gung-ho about it. This could be a result of the multiple upgrades that happened this year. The technical enhancements attracted many new users as well as developers. The outcome of all of it is now visible to the users.
Conclusion
The more users know, the better they can play in the trade. That’s why it’s important to know about the industry. These updates will help keep tabs on the crypto sphere. They help users learn about the space more with in-depth perspectives.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
