The post Ethereum Price Prediction: Can ETH Recover After ETF Outflows? appeared first on Coinpedia Fintech News Ethereum (ETH) price has suffered significant bearish sentiment in the past four months amid heightened midterm market uncertainty triggered by the U.S. tariff wars. The large-cap altcoin, with a fully diluted valuation of about $224 billion and a 24-hour average trading volume of $25 billion, has dropped more than 54 percent since December 2024. Ethereum Whales Cash Out The Ethereum network has experienced a huge cash outflow in the past few weeks amid leadership change from the Ethereum Foundation . The U.S. spot Ether ETFs have recorded a net cash outflow of nearly $200 million in the past three weeks. Interestingly, even BlackRock’s ETHA has been bleeding, whereby it recorded a net cash outflow of $11 million on Tuesday. According to on-chain data analytics from Coinglass, the Bitcoin miner reserves have been declining exponentially in the past years to hover about 1.92 million. Meanwhile, the overall supply of Ether on centralized exchanges increased by about 81,397 ETH units in the past 24 hours to about 15.01 million coins. Heavy Liquidation of ETH Whale at Hyperliquid Exchange Earlier on Wednesday, an Ether whale opened a long position of 175,179 ETH, worth about $335.6 million, with 50x leverage on the Hyperliquid trading platform. According to on-chain data , the whale investor actively closed 14,945 ETH positions, worth about $28.7 million. As a result, the whale investors left 160,234 ETH, worth around $306.8 million, to be liquidated, hence making a profit of $1.86M, which caused Hyperliquidity Provider(HLP) to lose $4 million in the past 24 hours. The notable loss on Hyperliquid raised alarm over the impact of high leverage causing liquidity drain. Furthermore, the entrance of a couple of similar traders could easily drain the liquidity for Hyperliquid pools. In response, Hyperliquid announced the reduction of Bitcoin and Ether leverage from 50x to 40x and 25x respectively. Regarding commentary and questions on the 0xf3f4 user's ETH long: To be clear: There was no protocol exploit or hack. This user had unrealized PNL, withdrew, which lowered their margin, and was liquidated. They ended with ~$1.8M in PNL. HLP lost ~$4M over the past 24h. HLP's… — Hyperliquid (@HyperliquidX) March 12, 2025 Ether Price Prediction Model Ethereum price has suffered bearish sentiment against Bitcoin for the past years and is currently retesting the lowest level since May 2020. Despite being the DeFi leader, with more than $45 billion in total value locked (TVL) and over $122 billion in stablecoins market cap, Ethereum price has already singled bearish sentiment in the macro outlook. #Ethereum must bounce now, otherwise it might dump to ~$1,670 pic.twitter.com/z8VzywUmD1 — Carl Moon (@TheMoonCarl) March 12, 2025 After closing below a crucial support level of around $2.1k in the last two weeks, Ethereum’s price faces further midterm selloff towards $1.5k unless a V-shaped reversal happens.
On March 13th, COINOTAG reported a significant surge in trading volume on the Upbit exchange, with a remarkable $23.2 billion transacted within a 24-hour period, according to CoinGecko data. Notably,
HONG KONG, March 13, 2025 /PRNewswire/ — DeriW , the world’s first zero-gas-fee decentralized perpetual exchange operated by CoinW, has officially launched its public testnet, marking a pivotal step toward a new era of DeFi derivatives trading. This testnet isn’t a generic trial run – it’s a full-featured preview of DeriW’s high-performance, user-centric platform, designed to demonstrate concrete improvements in usability, speed, and security. Early users and developers can now experience lightning-fast trades, up to 100x leverage, and robust security measures in a realistic environment as DeriW prepares to challenge industry incumbents. A Closer Look at the Testnet: Usability, Performance & Security DeriW’s testnet is engineered to feel like a production-ready exchange. Usability is key: traders can quickly connect their self-custody wallets and begin trading cryptocurrencies like Bitcoin and Ethereum with up to 100x leverage and a low 0.02% transaction fee. The platform offers multiple order types (market, limit, take-profit, stop-loss) and a diverse selection of tokens, from major assets to emerging projects. With its zero gas fee model, DeriW eliminates blockchain transaction costs, enabling rapid order placement and frictionless trading—comparable to centralized exchanges. On the performance front, the DeriW testnet showcases the platform’s cutting-edge infrastructure. Built on the Arbitrum Orbit Layer 3 network (DeriW Chain), it leverages optimistic rollup technology and a custom WASM/Geth-based architecture. In practical terms, this translates to extremely high throughput and low latency. With a capacity of up to 80,000 transactions per second, testnet traders can execute orders smoothly with minimal latency, ensuring the platform stays responsive even during intense trading activity. Security measures are woven deeply into the testnet’s design, reflecting DeriW’s priority on protecting users. By building on Arbitrum’s L3, DeriW inherits Ethereum’s battle-tested security properties and decentralization while adding its own enhancements. All trades and collateral remain on-chain under users’ self-custody, eliminating the custodial risks found in centralized exchanges. To further harden the platform, DeriW launched a comprehensive bug bounty program in tandem with the testnet. Security researchers and users are incentivized with bounties ranging from 100 to 100,000 $DER tokens for identifying vulnerabilities. Additionally, the testnet operates with a closed-fund liquidity mechanism and an automatic risk recalibration system that ensure stability even under extreme market conditions. These concrete measures give testnet participants confidence that the platform’s performance comes without compromising safety. How DeriW Stacks Up In an increasingly competitive DeFi derivatives arena, DeriW’s testnet is already demonstrating unique advantages over other leading platforms’ test networks: Gas Fees & Trading Costs: DeriW distinguishes itself with its zero gas fee model. Every trade on DeriW’s testnet is executed without on-chain transaction fees, which is a stark contrast to many competitors. DeriW’s approach of truly on-chain, gas-free trading gives it an edge in user experience – traders get the convenience of a CEX-like feel without sacrificing on-chain transparency. Performance Throughput: When it comes to raw speed, DeriW sets a high bar, delivering up to ~80,000 TPS—exceptional among decentralized exchanges. In comparison, some newer standalone-chain DEXs offer around 10,000 TPS—better than legacy Ethereum-based platforms but only an eighth of DeriW’s capability. This firmly places DeriW among elite, next-generation exchanges that support high-frequency trading at scale. Notably, DeriW achieves this impressive throughput while remaining fully EVM-compatible and secured by Ethereum, powered by the Arbitrum Orbit framework—a key differentiator validated by real user conditions on its testnet. Leverage and Trading Features: High leverage is a hallmark of derivative exchanges, and DeriW doesn’t disappoint. It offers up to 100x leverage on major trading pairs, which is higher than most decentralized competitors. By providing 100x, DeriW is catering to a segment of traders who seek higher risk-reward profiles, similar to offerings on some centralized futures exchanges. Importantly, DeriW couples this with advanced order types (stop-loss, take-profit, etc.) on the testnet, ensuring traders have tools to manage the risk that comes with high leverage. This combination of flexibility and control is critical – and DeriW is showing that even in a testnet environment, users can practice sophisticated trading strategies that rival those on established platforms. Liquidity Model & Price Execution: Perhaps the most innovative aspect differentiating DeriW is its Pendulum AMM liquidity pool. Unlike traditional order books or static AMMs with oracles, DeriW’s pool dynamically adjusts liquidity based on traders’ positions. This “pendulum” approach optimizes asset utilization in real-time, supporting volumes beyond initial capital, reducing slippage, and providing deeper liquidity. While orderbook-based DEXs rely on market makers—vulnerable to slippage during volatility—DeriW’s closed-fund model and automatic risk recalibration ensure solvency and stability, combining order-book depth with AMM efficiency. Security and Decentralization: All leading DeFi derivatives platforms prioritize security but use different approaches. Some rely on decentralized validators, others utilize their own consensus mechanisms with federated validators, and another inherits security from Arbitrum Layer 2. DeriW leverages Ethereum’s robust security via Arbitrum’s rollup, enhanced by its unique UBPK (Unstolen Browser Private Key) mechanism that ensures private keys remain securely stored within user browsers. Benchmarks and Performance Metrics in Context Thanks to Arbitrum Orbit’s efficient consensus and block production, DeriW’s block time is expected to be on the order of a second or less, which is similar to other DEXs 0.2s block time advantage. Achieving near-instant finality is crucial for traders who might otherwise worry about timing and MEV (Maximal Extractable Value) issues. Although detailed latency stats are still being gathered, the user experience goal is clear : make on-chain trading on DeriW feel as immediate as trading on a centralized platform. Another important metric is uptime and reliability during the test. The DeriW team is closely monitoring system uptime and recovery from any crashes or network issues. A robust exchange must handle network spikes, degraded conditions, or attacks without downtime. By publishing these performance metrics and comparing them with industry standards, DeriW intends to demonstrate transparently where it stands. So far, the absence of gas fees and high throughput capacity on testnet have enabled continuous trading even when simulating thousands of concurrent users – something that might clog less scalable testnets. The platform is also tracking how its automatic risk controls (like the pendulum mechanism) perform quantitatively: e.g., maintaining targeted liquidity levels, keeping slippage near zero, and ensuring the funding rates and PnL (profit and loss) for liquidity providers stay within expected bounds. These technical benchmarks, once validated on testnet, will serve as proof points that DeriW can handle real-world volumes and stress when it goes live. Expected Outcomes & Next Steps Before Mainnet Launch The testnet phase is not just a demo for DeriW – it’s a critical period for learning and refining. The main goals include collecting user feedback on the trading interface and features, uncovering any bugs or security vulnerabilities, and optimizing the platform’s performance under realistic conditions. DeriW is actively analyzing user interactions with its new liquidity model (including preferred leverage levels, popular trading pairs, and responses to zero fees) to refine fee structures and risk management. Incentive initiatives, such as the Supernova event, serve both as promotional tools and practical stress tests to ensure the platform performs reliably under high trading volume. Feedback collected through community channels will directly guide improvements, prioritizing user-identified issues in ongoing development sprints. By Q2 2025, DeriW plans to transition from testnet to mainnet alongside the $DER Token Generation Event (TGE), officially launching its economic and governance models. Prior to mainnet launch, the team will thoroughly fine-tune smart contracts, bolster infrastructure, and enhance the user interface based on insights gained from testnet users. The roadmap beyond mainnet is ambitious: by Q3 2025, DeriW plans to introduce a professional-grade API for algorithmic traders and support custom trading pairs. By Q4 2025, the goal is to cultivate a global trading community and further improve the user experience through community-driven enhancements—all built upon the foundation established during the testnet. Engaging the Community and Conclusion DeriW actively keeps the community engaged and informed with regular testnet updates, transparent performance metrics, and ongoing social media interaction. Early testnet adopters gain not only rewards but also valuable firsthand experience, positioning them advantageously for the mainnet launch. Backed by the seasoned CoinW exchange group, the meticulous approach to this testnet demonstrates readiness for prime time. DeriW’s testnet isn’t just another generic launch—it’s a bold demonstration of innovation, combining proven DeFi strengths with fresh enhancements. By benchmarking against industry leaders, DeriW signals its ambition to lead in decentralized trading. The coming months will be critical, but current progress suggests DeriW is well-positioned to convert testnet success into a transformative mainnet launch. Users can stay tuned as DeriW moves from testnet to mainnet, carrying forward the insights and confidence gained during this trial by fire. About DeriW DeriW is the first zero-gas-fee decentralized perpetual contract exchange, blending Ethereum’s security with Layer 3 scalability to deliver CEX-like efficiency in a decentralized framework. Operated by CoinW’s seasoned fintech team, it redefines trading with 80,000 TPS throughput, ensuring speed, transparency, and trustless execution. Website: www.deriw.com Twitter: @deriwfi Telegram: https://t.me/deriwfinance Discord: https://discord.com/invite/deriwfinance
Get ready for the tech event of the year! Nvidia GTC 2025 is just around the corner, and for those in the crypto and tech space, this is a conference you absolutely cannot miss. While San Jose will be buzzing with in-person attendees, Bitcoin World is ensuring you won’t miss a beat, bringing you coverage right from the ground. But the best part? You can witness the groundbreaking announcements and insights from the comfort of your own screen. Let’s dive into how you can watch Nvidia GTC 2025 , including the highly anticipated keynote from CEO Jensen Huang. How to Watch the Unveiling of Innovation at Nvidia GTC 2025 Can’t make it to San Jose? No problem! Nvidia understands the global interest in their groundbreaking technologies and is making key sessions accessible to everyone online. The centerpiece, the Jensen Huang Keynote , will be livestreamed directly from the SAP Center on Tuesday at 10 a.m. PT. Mark your calendars! The best part is, accessing this pivotal moment in tech history is incredibly simple: Nvidia Website: Head over to Nvidia.com . The livestream will be readily available on their homepage, and you won’t even need to register. Talk about seamless access! YouTube: For those who prefer YouTube, Nvidia will also be broadcasting the keynote on their official YouTube channel. Subscribe now and set a reminder so you don’t miss the live event. These platforms will ensure you have front-row seats to all the major announcements and insights that Nvidia GTC 2025 has to offer, no matter where you are in the world. Jensen Huang Keynote: What Revolutionary Announcements to Expect? The Jensen Huang Keynote is always the highlight of GTC, and this year promises to be no different. Industry insiders and tech enthusiasts are buzzing with anticipation about what Huang will unveil. Here’s a sneak peek at what’s likely on the agenda: Blackwell Ultra GPU Series: Rumors are rife that we’ll finally get a detailed look at Nvidia’s next flagship GPU series, Blackwell Ultra. Expect performance benchmarks, architectural deep dives, and potential applications that will redefine computing power. For those in crypto, this could mean significant advancements in mining efficiency and AI integration within blockchain technologies. Next-Gen Rubin Chip Architecture: Building on the Blackwell momentum, Huang is also expected to shed light on the next-generation Rubin chip architecture. This future-forward look will give us a glimpse into Nvidia’s long-term vision and the direction of computing in the years to come. AI Innovations Across Industries: Beyond GPUs, Nvidia is deeply invested in artificial intelligence. Expect a plethora of AI Conference updates spanning various sectors. Automotive, robotics, healthcare, and enterprise solutions are all likely to feature prominently. For the crypto world, AI advancements are increasingly relevant, influencing everything from algorithmic trading to blockchain security. The keynote is not just a product showcase; it’s a visionary statement about the future of technology and Nvidia’s role in shaping it. Prepare for some mind-blowing revelations! Beyond the Keynote: Exploring the Depths of Nvidia GTC 2025 While the Jensen Huang Keynote is the star attraction, Nvidia GTC 2025 is a vast ecosystem of knowledge and innovation. Nvidia.com is your portal to access the full spectrum of virtual and on-demand sessions. Here’s a glimpse of what awaits you: Workshops: Dive deep into practical skills with workshops on topics like “efficient large language model customization.” These hands-on sessions are perfect for developers and tech professionals looking to enhance their expertise. Conversations: Engage with thought leaders in discussions like “generative AI for core banking.” These conversations offer strategic insights into how AI is transforming industries and creating new opportunities. Demos: Explore cutting-edge applications through demos of specialized datasets, including domains like biology. Witness firsthand how Nvidia’s technology is being applied to solve real-world problems and push the boundaries of scientific discovery. From enterprise solutions to groundbreaking AI applications, Nvidia GTC 2025 is a treasure trove of information. Whether you are interested in the latest advancements in GPUs like Blackwell Ultra GPU , the future of chip architecture with Rubin, or the broad impact of AI, GTC has something for everyone. Why Nvidia GTC 2025 Matters to the Crypto and Tech World Nvidia GTC isn’t just another tech conference; it’s a pivotal event that sets the stage for future technological advancements. For the cryptocurrency and broader tech community, Nvidia GTC 2025 offers a crucial window into: Future Computing Power: The unveiling of the Blackwell Ultra GPU and insights into the Rubin architecture directly impact the computational landscape. This is vital for crypto mining, blockchain infrastructure, and the development of decentralized AI applications. AI Integration: Nvidia’s focus on AI permeates every aspect of GTC. Understanding these advancements is critical for crypto projects looking to leverage AI for enhanced security, scalability, and user experience. Industry Trends: GTC provides a comprehensive overview of where the tech industry is heading. From automotive to healthcare, the applications of Nvidia’s technologies reveal emerging trends and investment opportunities. In essence, staying informed about Nvidia GTC 2025 is essential for anyone operating in the fast-paced world of crypto and technology. It’s about anticipating the future and positioning yourself at the forefront of innovation. Conclusion: Don’t Miss Out on the Nvidia Revolution Nvidia GTC 2025 is poised to be a landmark event, showcasing revolutionary advancements in GPUs, AI, and beyond. Make sure you tune in to the Jensen Huang Keynote and explore the wealth of sessions available online. Whether you are a seasoned crypto professional, a tech enthusiast, or simply curious about the future of technology, GTC offers invaluable insights and inspiration. Don’t just watch the future unfold – be a part of it by experiencing Nvidia GTC 2025 . To learn more about the latest AI advancements, explore our article on key developments shaping AI technology features.
The post Ethereum Stuck in a Bear Trap, New ATH Above $5000 May be on the Horizon appeared first on Coinpedia Fintech News The crypto markets seem to have digested the bearish pressure as some of the tokens demonstrate strength. The Ethereum price remains accumulated within a narrow range, hinting at the possibility of an excess price compression. As a result, the bulls are unable to exert pressure, as it could fade quickly with the bears possessing a significant dominance. Therefore, the ETH price could be stuck in a bearish well, but from a wider perspective, the token has laid a bear trap, which could result in a 200% upswing in the next 3 to 6 months. Will ETH Price Reach $5000? The latest pullback in the ETH price has compelled the token to lose one of its pivotal supports that it has held since July 2022. After the drop, the bearish activity reduced without an attempt to drag the price lower close to $1500. This suggests the bulls remain vigilant and are preventing excess price drain. Moreover, the historical price pattern suggests the ongoing consolidation has happened before, which has triggered a 175% rise to form a new ATH at $4,870. With similar trading conditions, the ETH price is believed to rise and form a new ATH slightly above $5000, but the current market dynamics display a diverse price action. The historical price action of Ethereum suggests the price is very close to a complete bearish exhaustion phase. The weekly RSI is about to hit the lower threshold, which has happened after the price marked ATH in 2018 and 2021. The drop in RSI came in time with the rise in the bearish activity, leading the token towards the bottom of the descending trend. Currently, the ETH price seems to be an inch away from marking the bottoms, which could be close to $1500 as RSI remains at 33, and a drop below 20 could trigger a strong rebound. Therefore, the Ethereum price could maintain a continued descending trend and test the local support at $1580. Here the bulls are expected to trigger a rebound and initiate a strong ascending trend towards a new ATH, probably above $5000.
A recent withdrawal of 23 million SOL raises market stability concerns. The "death cross" indicator signals potential price declines for Solana. Continue Reading: Massive SOL Withdrawal Sparks Concerns Over Market Stability The post Massive SOL Withdrawal Sparks Concerns Over Market Stability appeared first on COINTURK NEWS .
Solana started a recovery wave above the $120 resistance zone. SOL price is now consolidating and might struggle to recover above the $132 resistance. SOL price started a fresh decline below the $150 and $140 levels against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a short-term rising channel forming with support at $124 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $132 zone. Solana Price Faces Resistance Solana price struggled to clear the $155 resistance and started a fresh decline, like Bitcoin and Ethereum . SOL declined below the $140 and $132 support levels. It even dived below the $120 level. The recent low was formed at $114 before the price recovered some losses. It climbed above the $120 and $122 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $151 swing high to the $114 swing low. Solana is now trading below $130 and the 100-hourly simple moving average. There is also a short-term rising channel forming with support at $124 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $128 level. The next major resistance is near the $130 level. The main resistance could be $132 and the 50% Fib retracement level of the downward move from the $151 swing high to the $114 swing low. A successful close above the $132 resistance zone could set the pace for another steady increase. The next key resistance is $140. Any more gains might send the price toward the $150 level. Another Decline in SOL? If SOL fails to rise above the $132 resistance, it could start another decline. Initial support on the downside is near the $124 zone. The first major support is near the $120 level. A break below the $120 level might send the price toward the $114 zone. If there is a close below the $114 support, the price could decline toward the $100 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is near the 50 level. Major Support Levels – $124 and $120. Major Resistance Levels – $128 and $132.
Ripple’s landmark approval in Dubai marks a significant milestone for blockchain technology in the UAE, highlighting the region’s commitment to crypto innovation. This regulatory advancement positions Ripple at the forefront,
Cryptocurrency users in New York, brace yourselves! A significant announcement just dropped from one of the biggest names in the crypto exchange world. Coinbase, a leading platform for buying, selling, and managing digital currencies, has declared it will be ending support for three specific tokens – FLOKI (FLOKI), Turbo (TURBO), and Gigachad (GIGA) – for its New York-based users. This news, delivered via a concise update on X, has sent ripples through the crypto community, raising questions about regulatory pressures and the future availability of certain digital assets in specific regions. Let’s dive into the details of this urgent development and unpack what it means for you. Why is Coinbase Delisting Tokens in New York? Coinbase’s decision to halt support for FLOKI, TURBO, and GIGA for New York users boils down to their commitment to maintaining high listing standards and adhering to regulatory frameworks. In their announcement, Coinbase explicitly stated that they regularly monitor the digital assets listed on their platform to ensure they continue to meet their stringent listing criteria . While the specifics behind why these particular tokens no longer meet these criteria for New York users weren’t detailed, it’s highly likely to be linked to the evolving landscape of crypto regulations , especially within the state of New York. New York is known for having some of the strictest regulatory environments for cryptocurrencies in the United States. The state’s Department of Financial Services (NYDFS) operates under a framework that requires virtual currency businesses to obtain a ‘BitLicense’ to operate within the state. This license is notoriously difficult to acquire and maintain, demanding rigorous compliance and reporting standards. It’s plausible that FLOKI, TURBO, and GIGA, or the way they are structured or traded, might not align with the NYDFS’s current requirements, leading Coinbase to preemptively discontinue support to remain compliant. Here’s a quick breakdown of the key factors likely contributing to Coinbase’s decision: Stringent New York Regulations: New York’s BitLicense and regulatory scrutiny are among the toughest in the US, requiring exchanges to be extremely cautious about the assets they offer. Ongoing Asset Monitoring: Coinbase actively reviews listed assets to ensure they continuously meet their internal standards and legal requirements. Proactive Compliance: Delisting tokens might be a proactive step by Coinbase to avoid potential regulatory conflicts and maintain its operational license in New York. Risk Mitigation: Certain tokens might be deemed as carrying higher regulatory or compliance risks in New York, prompting exchanges to remove them. Impact of Crypto Regulations on Exchanges and Users The Coinbase delisting incident serves as a stark reminder of the significant impact crypto regulations have on both cryptocurrency exchanges and their users. Regulatory uncertainty and varying compliance standards across different jurisdictions create a complex operating environment for exchanges. This can lead to: Limited Asset Availability: Users in highly regulated regions like New York may have access to a smaller selection of cryptocurrencies compared to users in less regulated areas. Increased Compliance Costs: Exchanges face higher operational costs in complying with diverse and evolving regulations, which can sometimes be passed on to users through fees or limited services. Market Fragmentation: Differing regulatory approaches can fragment the cryptocurrency market, creating regional discrepancies in asset availability and trading rules. Potential for Delistings: As regulations tighten or become clearer, exchanges might need to delist certain tokens to maintain compliance, disrupting users who hold those assets. For users in New York specifically, this situation highlights the importance of understanding the regulatory landscape of their state and how it affects their cryptocurrency activities. It also underscores the need to stay informed about exchange policies and potential changes in asset support. What Happens to Your FLOKI, TURBO, and GIGA on Coinbase? If you are a Coinbase user in New York holding FLOKI, TURBO, or GIGA, it’s crucial to understand what this delisting means for you and what actions you need to take. Here’s a clear timeline and actionable steps: Date & Time Action Details April 14, 2 PM ET Trading Discontinued Coinbase will cease trading for FLOKI, TURBO, and GIGA for New York users. You will no longer be able to buy or sell these tokens on Coinbase if you are in New York. After April 14, 2 PM ET Withdrawal Only You will still be able to withdraw your FLOKI, TURBO, and GIGA tokens from Coinbase to an external wallet that supports these assets. Recommended Action Plan Your Next Steps If you hold these tokens on Coinbase and are in New York, decide whether to withdraw them to a personal wallet or sell them before the delisting date if possible (depending on trading availability before April 14, 2 PM ET). Actionable Insights for New York Users: Check Your Portfolio: Immediately review if you hold any FLOKI, TURBO, or GIGA on your Coinbase account. Plan for Withdrawal: If you wish to keep holding these tokens, ensure you have a compatible external wallet and understand the withdrawal process on Coinbase. Consider Selling (If Possible): Depending on market conditions and your investment strategy, you might consider selling these tokens before the trading halt, if trading is still available leading up to April 14th. Stay Informed: Keep an eye on Coinbase’s official communication channels for any further updates or instructions. Navigating Crypto Regulations and Exchange Delistings The situation with Coinbase delisting tokens in New York underscores a broader trend in the cryptocurrency space: the increasing influence of regulatory oversight. As the industry matures, regulatory bodies worldwide are stepping up their efforts to provide frameworks for digital assets. While these regulations aim to protect investors and ensure market integrity, they also bring challenges for exchanges and users alike. For cryptocurrency users, navigating this evolving landscape requires: Due Diligence: Research and understand the regulatory environment in your jurisdiction and how it impacts your crypto activities. Choosing Compliant Exchanges: Opt for exchanges that demonstrate a strong commitment to regulatory compliance, even if it means slightly fewer asset choices. Diversification of Platforms: Consider using multiple exchanges or decentralized platforms to mitigate risks associated with regional restrictions or delistings on a single platform. Staying Updated: Continuously monitor regulatory news and exchange announcements to adapt your strategies proactively. Conclusion: Staying Ahead in a Regulated Crypto World Coinbase’s decision to discontinue support for FLOKI, TURBO, and GIGA in New York is a significant event that highlights the growing intersection of crypto regulations and exchange operations. For users in New York , it’s a call to action to understand the implications and take necessary steps to manage their holdings. More broadly, it’s a signal to the entire crypto community about the increasing importance of regulatory compliance and the need to navigate the digital asset space with awareness and adaptability. As the cryptocurrency landscape continues to evolve, staying informed and proactive will be key to thriving in this dynamic and increasingly regulated environment. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
The cryptocurrency market is currently experiencing significant fluctuations, with Ethereum at the forefront of this volatility. According to data shared by Ki Young Ju, the founder and CEO of CryptoQuant,