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Toncoin trading has exploded recently. The cryptocurrency, linked to the TON blockchain, saw its volume jump 148% in one day. This surge sent the TON price above $5, sparking investor interest. Also Read: Putin’s Bitcoin Boom: $3 Billion Gain Last Year, Now Eyeing Market Dominance Toncoin’s Meteoric Rise: What Investors Need to Know Source – Bitcoinist Unprecedented Trading Frenzy Toncoin volume spiked across exchanges. Let’s look at the data: Source: CoinGlass This chart shows the TON OI-Weighted Funding Rate and volume across major exchanges. Binance leads with $278.77M in volume, followed by Bybit at $111.17M. Price Recovery and Market Sentiment The TON price has shown a strong recovery: Source: CoinMarketCap As we can see, after dropping to around $4.60 in early September, Toncoin rebounded. It broke through the $5 mark and reached peaks above $5.20, indicating renewed bullish sentiment. Also Read: Will Trump vs Harris Debate Affect Bitcoin’s September Price Pace? ...

By Tom Analysis, SoSoValue Researcher The Hong Kong Securities and Futures Commission officially announced the list of approved virtual asset spot ETFs, including the Bitcoin spot ETF and Ethereum spot ETF under ChinaAMC (Hong Kong), Harvest International and Bosera Asset Management. These six spot ETF products opened for subscription from April 25th to 26th and were listed on the Hong Kong Stock Exchange on April 30th. Through the subscription, the six Hong Kong spot ETFs obtained a decent initial scale. According to SoSoValue data, the total net value of the three Bitcoin ETFs is $248 million, and the total net value of the three Ethereum ETFs is $45 million, with a total net value of nearly $300 million; while the first-day total net value of the US Bitcoin spot ETF products, excluding Grayscale (GBTC), was only $130 million. However, in terms of first-day trading volume, Hong Kong’s cryptocurrency ETFs are far smaller than their counterparts in the United States. According to SoSoV...

Base’s decentralized exchange (DEX) volume has hit new highs. New cryptocurrency Rebel Satoshi creates waves in the market amid investor excitement around its potential. Analysts say Rebel Satoshi could be one of the best memecoins to buy; could it outperform Shiba Inu? The world of cryptocurrency continues to be something of a rollercoaster ride, with established players vying for dominance alongside new projects clawing their way to the top. Two stories have captured the attention of crypto enthusiasts in recent days: the surging trading volume on Base’s decentralized exchange (DEX) and the meteoric rise of the memecoin Rebel Satoshi ($RBLZ). Base’s DEX volume hits new heights Base’s decentralized exchange (DEX) has recently been making waves in the crypto community. Data from Dune Analytics reveals a staggering surge in trading volume, reaching a record high of $1.2 billion on March 30. This marks a significant milestone for Base...

Volumes at Synthetix surpassed its nearest DEX competitor, but contracting user activity across decentralized exchanges could be a red flag. Synthetix weekly trading volumes surpassed $1 billion, overtaking decentralized derivatives exchange GMX to become the second-most active platform. The trading volume data from Token Terminal shows that Synthetix did more than twice the trading of GMX in the seven-day period starting May 17, thanks to Optimism (OP) token incentives for perpetual swap traders. The Synthetix (SNX) token has encountered resistance at the $2.50 level after gaining around 10.3% in the last seven days, per CoinGecko data. On the other hand, GMX and dYdX are experiencing a decline in trading activity, while their native tokens are eyeing bearish targets based on technical levels. OP incentives drive Synthetix volumes Synthetix offers perpetual futures contracts on layer-2 rollup Optimism via a decentralized application called Kwenta. The Synthetix community approved a p...