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Bybit, one of the top three crypto exchanges by trading volume, has reported a significant surge in EUR trading volume following the launch of its EUR Zero Fees Fiesta campaign in April this year, according to the information shared with Finbold on May 30.  The campaign highlights Bybit’s dedication to expanding the European market and offering a competitive and cost-effective platform for European traders. Bybit climbs to #2 in the Netherlands  Since the launch of the EUR Zero Fees Fiesta campaign, Bybit has seen a 13% average daily increase in trading volume for EUR pairs.  Picks for you Did McDonald's just reveal the real inflation rate? 11 mins ago AI revises Shiba Inu price prediction for end of 2024 ...

Pangolin, a multi-chain DEX platform, has surged to multi-month highs. PNG price reached highs of $0.31 as new team outlined comeback roadmap for the DEX Pangolin (PNG), an Avalanche decentralized exchange ( DEX ) platform, is experiencing a price uptick as major altcoins struggle amid Bitcoin’s battle to keep the $50,000 level. PNG is the native governance token of the Pangolin DEX. It is 100% distributed to the community with no team, advisors or investor allocations. The multi-chain DEX platform launched on Avalanche in 2021. Pangolin (PNG) price soars PNG rose more than 200% on Friday to trade at highs of $0.31 as 24-hour trading volume jumped to over $4.7 million. The surge in daily trading volume over the past day represents a staggering 5,500% increase, according to data from CoinMarketCap. The Pangolin market cap has jumped to over $54 million, doubling over the past 24 hours. Why is Pangolin price skyrocketing? Gains for PNG price alm...

In a stark contrast of trading volumes, the debut of Ethereum futures ETFs on CME witnessed a modest start, with trading activity in the first 15 minutes hovering below $2 million. This pales in comparison to their Bitcoin-based counterparts, which boasted volumes a hundred times greater. Bloomberg analyst Eric Balchunas suggests that these numbers are common for new ETFs but relatively low for Ethereum (ETH), given its market size. According to Balchunas, the top performer was Valkyrie’s ETF, based on a combination of the first and second-largest cryptocurrencies by market capitalization, with a trading volume of $787,000. VanEck’s Ethereum futures-only ETF had a modest volume of just over $300,000. Pretty meh volume for the Ether Futures ETFs as a group, a little under $2m, about normal for a new ETF but vs $BITO (which did $200m in first 15min) it is low. Tight race bt VanEck and ProShares in the single eth lane. pic.twitter.com/F9AHtrVcVf — Eric Balchunas (...

Alongside the declining trading volumes, the number of Bitcoin Ordinals transactions dropped by 97% to just 20,571 in mid-August. DappRadar has pointed to an “alarming plunge” in Bitcoin Ordinals nonfungible token user activity, with trading volume s tanking around a whopping 98% since May. In an Aug. 17 report, DappRadar highlighted its data showing that the total Bitcoin Ordinals sales volume had decreased from peak levels of $452 million in May to roughly $3 million as of Aug. 14. In line with that drop, the number of transactions also declined by around 97% to 20,571 within that same time-frame. Ordinals trading volume and sales count. Source: DappRadar. DappRadar described it as a grim scenario for the Ordinals market, but did also emphasize that more time is required to determine whether this is a “temporary setback” or something that represents a “systemic problem of Bitcoin-based NFTs.” “This steep decline in both sales volume and count within such a short period is alarmi...

Irrespective of the market conditions, market participants have been accumulating crypto assets. However, during the second quarter, the trade volume has not been appealing. As illustrated below, the aggregate number stood below $2 billion, the lowest since 2020. A recent Kaiko research report pointed out that Binance registered the “strongest drop.” The volume on the largest exchange dropped by nearly 70%. This was likely a consequence of the exchange re-introducing fees for its “most liquid” BTC pairs. Nevertheless, the state of affairs on other exchanges was also similar. The volume on Coinbase, Kraken, OKX, and Huobi also dropped by over 50% in Q2. Source: Kaiko Well, Coinbase has been consistently making it to the headlines of late. Over the past few days, several Bitcoin ETF applications have been re-filed, with Coinbase being added as the surveillance partner. The shares of the company are up, by over 13% over the past week. However, Coinbase has ...