Crypto News

DOGE, XRP and XLM are the most traded cryptocurrencies on Upbit since Donald Trump's election victory. The latest activity points to a pivot toward metaverse tokens. If you think the Terra/Luna crash of 2022 left lasting scars on the South Korean crypto community, you are wrong. With the bitcoin (BTC) bull market in full swing, Koreans are again diving in head first and snapping up smaller cryptocurrencies.Trading volume on South Korea's largest exchange, Upbit, which accounts for over 70% of the country's total activity, has skyrocketed 11-fold to $14.3 billion since the Nov. 5 U.S. presidential election that saw pro-crypto candidate Donald Trump emerge victorious, according to data source Coingecko.Driving this exceptional volume growth are XRP, dogecoin (DOGE) and other...

The Bank of Russia’s report highlights the potential benefits of tokenizing real-world assets but also emphasizes the need for a clear regulatory framework. Expanding the Value of Traditional Assets While tokenization has the potential to increase liquidity for real-world assets, among other benefits, a Bank of Russia report notes that Moscow’s legal framework for tokenizationSource link

Sky Mavis, the web3 gaming firm behind Axie Infinity, laid off 21% of its workforce last week.The web3 firm’s co-founder and CEO Trung Nguyen said on X on Saturday that the layoffs were not related to the company’s budget or financial health.“Instead, it is a strategic move that allows for a sharper focus and positioning Sky Mavis for hypergrowth in 2025 and beyond,” he said.According to Nguyen, the move came despite the year being “one of valuable growth and evolution”. Going forward the company will focus on its core products rather than trying to build products for all users, he said. The web3 creator will concentrate on its Ronin Wallet and Waypoint, Mavis Marketplace, Axie Infinity, Web3 game publishing, and...

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we explore a proposal by Max Keiser that would make El Salvador a pioneer in nation-state debt issuance to purchase bitcoin. Latam Insights Encore: El Salvador Can Follow Microstrategy’s Playbook and BeSource link

Bitcoin pared last week’s gains Sunday with a price drop from $98,500 to as low as $95,500 in late U.S. hours, before recovering, in a move that sent the broader crypto market tumbling. BTC dropped more than 3.5% at peak, with a technical and sentimental pullback starting on profit-taking, as expected, from near the $100,000 mark late Friday. XRP and dogecoin (DOGE) fell more than 5% to lead losses among majors. Solana’s SOL, ether (ETH), Cardano’s ADA and BNB fell between 2-5%, before recovering in early Asian hours Monday.Overall market capitalization fell 2.4%. The broad-based CoinDesk 20 (CD20), a broad-based liquid index tracking top tokens, is down 1.48% in the past 24 hours. Markets largely recovered in early Asian hours Monday, bringing down...