Coingape Staff
Cryptocurrency News LIVE Updates: Bitcoin, the world’s first-ever digital currency, once again curated a tidal wave of speculations across the broader crypto market on Thursday as the token briefly slipped below the $42 mark. As of press time, the token noted a 2.10% plunge over the past 24 hours and is currently trading at $42,025, whereas, the price continuously moved to and fro the $42K mark today, birthing additional inferences among crypto market enthusiasts. Meanwhile, top altcoins like Ethereum, XRP, and Solana noted a 2%-7% drop, nabbing significant attention across the crypto market.
On the other hand, Federal Reserve Chair James Powell spotlighted the Fed’s decision to keep the interest rates unchanged till the next FOMC meeting. Powell stated that the current inflation is too high when compared to the 2% target rate set by the central bank. Aligning with this, the Federal Reserve ruled out the decision to keep the benchmark rate in the 5.25%-5.50% range, echoing a wave of frenzy across the U.S.
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01:57:45 PM IST, 1 February 2024
Crypto News LIVE: Binance Inscriptions Marketplace Unveils Binance Web3 Wallet Integration
The Binance Web3 wallet is now accessible on the Binance Inscriptions Marketplace, as per a recent statement by Binance. With this, the crypto exchange aims to jack up BRC-20 tokens, facilitating a seamless user experience on its platform.
The Binance Web3 wallet is now available on the Binance Inscriptions Marketplace (only supports Binance app version 2.78 and above) and supports BRC-20. EVM inscriptions are browser accessible within the wallet. The Binance Web3 Wallet FAQ document “How to Manage BRC-20 Assets…
— Wu Blockchain (@WuBlockchain) February 1, 2024
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01:30:54 PM IST, 1 February 2024
Crypto News LIVE: Arthur Hayes Accumulates 500K PENDLE From Binance
BitMEX founder Arthur Hayes recently withdrew 500K PENDLE from Binance, a prominent cryptocurrency exchange, at $2.57. With this, the BitMEX founder now holds 1.34 million PENDLE with an unrealized estimated profit of $1.45 million.
Arthur Hayes (@CryptoHayes, #BitMEX founder) withdrew 500K $PENDLE ($1.28M) from #Binance at $2.57 ~35 minutes ago.
Currently, he holds 1.34M $PENDLE ($3.54M) with an estimated profit of $1.45M (+70.4%) (all unrealized).$PENDLE seems to be bouncing back after his withdrawal.… pic.twitter.com/gAqengrTkV
— Spot On Chain (@spotonchain) February 1, 2024
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01:08:14 PM IST, 1 February 2024
Crypto News LIVE: OKX Amalgamates ZetaChain
OKX, a renowned cryptocurrency exchange, recently revealed that the firm is integrating ZetaChain, an EVM-compatible L1 blockchain, into its platform. With this, the exchange now supports seamless building of interoperable DApps across any chain, including Bitcoin.
We have integrated @zetablockchain, an EVM-compatible L1 that builds interoperable DApps spanning any chain, including #Bitcoin ✨
🎁 Check $ZETA airdrop and Cryptopedia rewards
🔁 Explore ZetaChain DApps
✅ Supported on both App and Extension Wallet pic.twitter.com/7L7dRlBmmW— OKX Web3 (Wallet | DeFi | NFT) (@okxweb3) February 1, 2024
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12:50:55 PM IST, 1 February 2024
Crypto News LIVE: Fed’s Decision Of Unchanged Rates Fuels Bank Run
The Federal Reserve’s recent stance on unchanged interest rates is likely to propel a bank run in the U.S. This mirrors the increased selling pressure seen on U.S. bank stocks after New York Community Bancorp’s (NYCB) stock dipped 38%.
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12:22:49 PM IST, 1 February 2024
Crypto News LIVE: UK Police Grabs £1.4 Mln Worth Of Bitcoin
The British law enforcement body recently seized Bitcoin worth $1.7 billion from a woman linked to a Chinese investment fraud of $6 billion. The woman, Jian Wen, is a 42-year-old UK citizen who reportedly denies all allegations against her.
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11:56:52 AM IST, 1 February 2024
Crypto News LIVE: XRP Whale Offloads 53 Mln XRP To CEXs
On-chain data spotlighted by blockchain tracker Whale Alert suggests that an XRP whale recently shifted 52.8 million XRP to CEXs Bitstamp and Bitso. The unknown wallet, r4wf7enWPx…5XgwHh4Rzn, was noted making the transfer in a series of two transactions.
🚨 29,100,000 #XRP (14,723,014 USD) transferred from unknown wallet to #Bitstamp
— Whale Alert (@whale_alert) January 31, 2024
🚨 23,700,000 #XRP (11,984,272 USD) transferred from unknown wallet to #Bitso
— Whale Alert (@whale_alert) January 31, 2024
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11:32:03 AM IST, 1 February 2024
Crypto News LIVE: Top Analyst Says Ethereum’s Run To $3500-$4000 Still Possible
Leading crypto market analyst Michael van de Poppe recently stated that Ethereum, a prominent token, can still reach the $3,500-$4,000 mark in the coming 3-6 months following the marking of significant developments. This includes the Dencun upgrade final testnet on February 7 and the recent buzz around spot ETH ETF.
#Ethereum is still ready for $3,500-4,000 in the coming 3-6 months.
– Dencun upgrade -> final testnet February 7th.
– Ethereum Spot ETF hype.
– Bitcoin rotation after halving towards the rest of the ecosystem. pic.twitter.com/bs3W5WomMi— Michaël van de Poppe (@CryptoMichNL) January 31, 2024
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10:43:46 AM IST, 1 February 2024
Crypto News LIVE: Shiba Inu Burn Rate Soars 200%
As per Shiba Inu’s burn tracker Shibburn, the meme coin’s burn rate jumped 219.78% over the past day, nabbing significant attention globally. A staggering 15.57 million SHIB has been incinerated in the last 24 hours, falling in line with the jump in SHIB burn rate.
HOURLY SHIB UPDATE$SHIB Price: $0.0000089 (1hr -0.07% ▼ | 24hr -2.37% ▼ )
Market Cap: $5,251,553,293 (-2.19% ▼)
Total Supply: 589,291,864,206,827TOKENS BURNT
Past 24Hrs: 15,573,546 (219.78% ▲)
Past 7 Days: 117,784,032 (-42.71% ▼)— Shibburn (@shibburn) February 1, 2024
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
