Here is what happened yesterday in the crypto market:
LIBRA Fallout Influences Crypto Markets and FTX Payouts
Crypto markets exhibit a bearish trend, primarily influenced by the fallout from LIBRA, as Bitcoin remains relatively stable with a slight drop of 0.7%. The broader market sentiment is cautious as FTX repayments begin to roll out, potentially impacting overall market confidence. Read more
Mastercard Shifts Focus to Practical Crypto Solutions
Mastercard’s crypto division is no longer in an experimental phase, according to Raj Dhamodharan. The company aims to provide real-world solutions that can facilitate broader adoption of cryptocurrency among consumers. Read more
Major Cryptocurrencies Decline, Solana and XRP Lead the Way
The crypto market experienced a significant drop with Solana (SOL) and XRP at the forefront. This downturn comes as U.S. markets remain closed for Presidents’ Day, raising concerns among traders. Read more
$50 Airdrop for Trump’s Official Memecoin Amid Market Slide
In an interesting development, Donald Trump’s official memecoin, TRUMP, is engaging its supporters with a $50 airdrop, even as the memecoin sees a decline. This reflects the ongoing volatility in the crypto space. Read more
Robinhood Plans Crypto Product Launch in Singapore
Robinhood is set to introduce crypto products in Singapore after finalizing its deal to acquire Bitstamp, marking a significant expansion of its offerings in the Asian market. Read more