Recently, the cryptocurrency market received an encouraging piece of news. On August 29, Grayscale Investments LLC secured a victory in its lawsuit against the U.S. Securities and Exchange Commission (SEC) over the rejection of its Bitcoin spot ETF application. This ruling not only marks a long-awaited breakthrough for Grayscale but also opens new investment avenues...
Recently, the closure of Silicon Valley Bank due to insolvency by financial regulators has sparked widespread panic in the global financial markets. This event notably impacted the cryptocurrency market, where the stablecoin USDC temporarily de-pegged, causing short-term volatility and uncertainty. DAYPPX believes this incident not only highlights the vulnerabilities within the traditional financial system but...
The global digital currency market recently witnessed a significant transformation as Ethereum successfully transitioned from Proof of Work (PoW) to Proof of Stake (PoS) consensus mechanism on September 15, 2022. This historic merge not only marks a major technological upgrade for the Ethereum blockchain but also introduces new opportunities and challenges for the entire digital...
Recently, the algorithmic stablecoin project Beanstalk Farms suffered a hack, resulting in a loss of approximately $182 million. This incident has once again highlighted the security issues within the cryptocurrency space, drawing widespread attention from the market. DAYPPX believes that although such events can cause short-term disruptions to market confidence, they also serve as crucial...
Recently, Bitcoin reached a historic peak of $69,000, marking not only a milestone for Bitcoin itself but also a significant indicator of the maturity of the cryptocurrency market. DAYPPX believes that this price surge is the result of multiple factors working in tandem, including increased market demand, heightened investor confidence, and technological advancements. Increased Market...
Recently, the global cryptocurrency market witnessed a historic moment. On February 19, 2021, the market capitalization of Bitcoin surpassed $1 trillion for the first time. This milestone not only underscores the Bitcoin position within the global financial system but also signifies an unprecedented level of recognition from major institutional investors and financial companies towards cryptocurrencies....
On October 21, global payment giant PayPal announced that it would support users in buying, selling, and holding cryptocurrencies on its platform, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. DAYPPX highlights that this move marks a significant step towards the further integration of cryptocurrencies into the global payment landscape, with digital assets gradually becoming part...
Recently, the global financial markets have been severely impacted by the COVID-19 pandemic, and the cryptocurrency market has not been spared. On March 12, 2020, the market experienced a dramatic crash known as “Black Thursday”, with the Bitcoin price plummeting from around $7,900 to $3,800 within 24 hours, leading to a significant reduction in the...
Recently, the global cryptocurrency market reached a new milestone, with the total market capitalization hitting $192.7 billion as of December 31, 2019, marking an approximate 53.4% increase over the year. This significant growth not only reflects the increasing global adoption of cryptocurrencies but also signals the boundless potential of the market in the future. As...
Recently, U.S. investment firm Fidelity announced the establishment of a new company named Fidelity Digital Asset Services (FDAS), which will provide digital asset custody and trade execution services primarily targeting institutional investors. DAYPPX believes this development marks the dawn of a new era for digital asset services, offering fresh opportunities for institutional investors. The formation...