Ethereum’s exchange holdings plunge to 5-year low

Ethereum (ETH) balances on crypto exchanges have plunged to a five-year low, triggering speculation on its future price action. Intriguing developments have always marked the ebb and flow of the crypto market, and this week is no exception.  The show&#…

Hotbit suspends operations, citing unfavorable market conditions 

Сrypto exchange Hotbit is shutting down due to unfavorable market trends and deteriorating operating conditions, making it impossible to remain in business. Hotbit users are advised to withdraw their assets from the platform before June 21. Hotbit, a H…

Gemini uploads proof-of-reserves data to CoinMarketCap

Gemini, a major player in the cryptocurrency exchange arena, recently announced via Twitter that its proof-of-reserves data is now available on CoinMarketCap. The tweet also mentioned that more detailed information about their proof-of-reserves can be …

Ether balances on centralized exchanges hit new lows, data shows

The ethereum (ETH) balance held by exchanges has declined to a new five-year low of 17,945,575.311 ETH. The number of ETH wallet addresses holding 100+ coins has also reached a six-month low of 46,858, data shows. Despite the current correction…

Indian authorities urged to restore access to UPI for crypto exchanges

An Indian crypto exchange and a policy firm have independently made appeals to the government, urging the restoration of access to the national Unified Payments Interface (UPI) for crypto firms.