Armstrong Rockets to Capitol Hill, While Reddit's Moons Orbit Kraken
Reddit's Moons are buoyed by Kraken, Armstrong readies for a political dance, and Celsius does the altcoin shuffle
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Reddit Moons Token Surges 104% as Kraken Hints at Potential Listing
The native token of r/CryptoCurrency users on Reddit, Moons, has surged by 104% as Kraken hinted at a potential listing of the token on its exchange. Reddit users earn Moons based on their activity in the subreddit and can use them for tipping. The token's value doubled to $0.19 in the past 24 hours.
Kraken Share of US Spot Trading Volumes Reaches 18-Month High
Kraken's share of U.S. spot trading volumes has reached an 18-month high, more than doubling within the past 18 months. The increase is attributed to the growing number of users on Kraken's Pro app, which offers spot trading, margin trading, and staking.
Coinbase CEO to Meet US House Democrats on Wednesday
Coinbase CEO Brian Armstrong will meet with a group of U.S. House of Representatives Democrats to discuss the future of digital asset legislation. The meeting will cover topics such as tax, national security, privacy, and climate.
Justin Sun Faces Charges of Covertly Buying Stablecoin TUSD
The founder of Archblock has accused Justin Sun of secretly acquiring the stablecoin TrueUSD (TUSD). Sun has vigorously denied the claims.
New Poll Shows 72% Confident About Crypto Despite 99% Unable to Explain It
A new nationwide poll shows that 72% of respondents are confident that cryptocurrency will still exist and be used regularly in society 10 years from now. However, only 1% of respondents were able to explain how cryptocurrency works, indicating a major knowledge gap among American adults.
Despite BlackRock, Don’t Expect a Flood of Spot-Bitcoin ETFs Soon: Experts
Despite recent news that BlackRock has submitted a proposal for a spot bitcoin exchange-traded fund (ETF), experts believe that the approval of such ETFs may still be a while away.
Celsius Moves $59.4 Million in Altcoins to Potentially Sell for BTC, ETH
Celsius, a troubled crypto lender, has moved $59.4 million worth of altcoins, including LINK, MATIC, SNX, AAVE, BNB, ZRX, 1INCH, and XAUT, to potentially sell for BTC and ETH. This is the second time this month that Celsius has prepared a large amount of altcoins for transfer.
As always, stay tuned for more updates in crypto!