OKX, the world’s fourth-largest cryptocurrency exchange by trading volume, is discontinuing support for tether (USDT) trading pairs in the European Economic Area (EEA). This decision precedes the European Union’s (EU) adoption of the Markets in Crypto-Assets (MiCA) regulation, set to fully come into effect on December 30, 2024. MiCA will introduce tighter controls on the usage of certain stablecoins within the region.An OKX spokesperson explained that the delisting aims to facilitate the introduction of euro on-ramps for EEA-based customers. He added that this adjustment impacts only a minor portion of the exchange’s user base. In addition to phasing out USDT…
Author: Web3 Daily Press Staff
DOT could rise as high as $17 if it breaks through the key resistance around $10. On-chain metrics showed that spot buyers were buying DOT aggressively. According to analyst Michaël van de Poppe, Polkadot’s [DOT] upswing in the last 24 hours could be the start of a run that drives the price to an all-time high. In the post, the analyst considered DOT’s performance versus Tether [USDT] and the one against the Bitcoin [BTC] pair. van de Poppe mentioned that the token formed higher highs and lower lows against USDT. North is the direction A higher high and lower low…
Bitcoin Ordinals project NodeMonkes flipped Bored Ape Yacht Club earlier Monday with a market capitalization of 7,300 BTC, around $490 million, according to cross-chain NFT marketplace Magic Eden. By comparison, Bored Ape Yacht Club’s market capitalization at the time was 136,500 ETH, or around $483 million, according to the NFT analytics site NFT Price Floor. The Ethereum-based Apes are back on top, as of this writing, but the collections remain close—there’s less than $30 million worth of crypto between their respective market caps, as of this writing. Launched in December, NodeMonkes is a collection of 10,000 8-bit monkey-themed digital collectibles.…
Dogecoin (DOGE) has performed very mixed lately, with the cryptocurrency dropping in price dramatically over the past week but trading volume surging. At press time, DOGE is down 7% today and over 18% in the last seven days. On the flip side, DOGE’s trading volume remains encouraging at $2.1 billion, over 450% higher than 30 days ago. Hence, price predictions for Dogecoin are very mixed. This trading volume includes multiple whale transactions recently, indicating that there is still plenty of interest among big investors in the dog-themed meme coin. However, it just hasn’t shown the price performance to show its…
Base’s user metrics soared following the Dencun upgrade, achieving record low transaction costs and an all-time high of 855,000 daily active users.The upgrade slashed Base transaction fees by 99.9% from the fees on Ethereum.The upcoming Coinbase smart wallet may further boost Base’s growth by making it easier for users to gain access to decentralised apps and assets.User metrics on Base, an Ethereum layer 2 network that was incubated by centralised crypto exchange Coinbase, have surged since Ethereum’s Dencun upgrade went live on March 13, lowering transaction fees on layer 2 networks by as much as 98%.Dencun was a series of…
The steadfast hold of Ethereum (ETH) at the $4K mark is attracting significant interest in the Kelexo (KLXO) presale from Chainlink (LINK) and Uniswap (UNI) investors. This interest is indicative of the crypto community’s readiness to embrace Kelexo’s (KLXO) innovative lending solutions, viewing it as a promising opportunity amidst the bullish momentum of Ethereum (ETH).Ethereum (ETH) Maintains Its DeFi FoundationEthereum (ETH), holding strong at the $4,000 mark, continues to be the bedrock for the growing DeFi sector. Its resilience and steady growth underscore the robustness of the ecosystem it supports, encouraging investors to seek out platforms built on Ethereum (ETH)…
With the markets gaining significant strength, the Cardano price is again facing extreme upward pressure, which has compelled the token to remain stuck at a crucial support. While the Avalanche price recorded more than 35% weekly gains, the ADA price registered a similar loss at the same time. This may eventually enable the AVAX price to flip Cardano to become the 8th largest crypto according to the market cap. Cardano (ADA) Price Analysis The Cardano price appears to be following the trend set by Ethereum to some extent, which follows slow and steady growth. Although the token is feared to…
Amidst a vibrant tapestry of digital currencies where new contenders continually emerge Koala Coin (KLC) marks its territory, captivating investors with its intriguing blend of meme magic and financial utility.Now in its 1 phase and valued at $0,014 Koala Coin (KLC) is indicative of its Busting investor appeal. This wave of enthusiasm for Koala Coin (KLC) rides on the crest of fluctuating fortunes for stalwarts such as Bitcoin Cash (BCH) and Litecoin (LTC). These tokens recent market adjustments have spurred the search for novel, promising ventures.The Evolution and Potential of Bitcoin Cash (BCH)Recently the cryptocurrency arena has watched as veteran…
Binance CEO Richard Teng has been in the news lately thanks to his insights into the symbolic significance of the number three within the cryptocurrency domain. During a recent presentation to the Thai community, Teng expanded on his embrace of this numerical symbol, emphasizing its representation of commitment to three vital entities: Users, regulators, and partners. Taking to X (formerly Twitter), Teng noted, “It represents my commitment to 3 key groups of stakeholders: (i) users; (ii) regulators; (iii) partners.” Exploring numerical meanings in cryptocurrency He delved deeper into the cultural and numerical significance of the number three, highlighting its ties to…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market is brimming with excitement over Ethereum’s possible breakthrough to $4,000, and hence, their radar is up for not just the leading cryptocurrencies but also promising projects like Kelexo. However, with talks around the Kelexo presale, the recent debates conducted with the Ripple (XRP) community on integrating USDC into the Ripple Ledger have given rise to topics of curiosity and discussion. Ripple and USDC: Navigating integration talks Lately, this has shifted to discussing the likely integration of…