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Coinbase Posts US $1.45 Billion in Revenue as Crypto.com Outshines in Trading Volume
Crypto.com has jumped to the top of monthly transaction volume rankings for USD-based exchanges. The platform owned 38.5% of the market share in July, compared to main competitor Coinbase with 35.77%. Despite falling down the leaderboard, Coinbase’s L2 scaling solution, Base, propelled the company to a successful Q2. Coinbase beat market expectations to post US $1.45b in revenue last quarter. July has seen Crypto.com surge up the exchange rankings for platforms supporting USD. The US-based company has been a fixture in the crypto sector for years, but has endured a relatively lean past 24 months. The last time Crypto.com won...
OpenSea to Launch Revamped NFT Marketplace
By Philip Maina 4 weeks agoWed Nov 06 2024 12:05:22 Reading Time: 2 minutes OpenSea plans to recreate the NFT marketplace and relaunch it next month OpenSea CEO Devin Finzer said they’ve “been quietly cooking” the new platform Finzer didn’t disclose what features they intend to add or remove from the marketplace Two months after receiving a Wells Notice from the SEC , NFT marketplace OpenSea has revealed plans to revamp the platform. Although it’s yet to disclose the features or the point of focus for the new platform, its CEO Devin Finzer said they’ve “been quietly cooking” and rethinking...
Ethereum Technical Analysis: ETH Faces Persistent Downtrend Despite Strong Market Activity
On August 12, 2024, ethereum (ETH) was priced at $2,683, fluctuating within a 24-hour range of $2,523 to $2,720. With a market capitalization of $321 billion and a trading volume of $17.58 billion, ether continues to exhibit significant market activity. However, technical indicators suggest ongoing challenges in breaking through key resistance levels, hinting at a bearish trend across various timeframes. Ethereum The 1-hour chart highlights ethereum’s recent recovery from $2,508.6 to $2,720, accompanied by increasing volume, indicating some short-term bullish momentum. Despite this, the price is struggling to maintain levels above $2,700, signaling potential difficulties ahead. Should ethereum fail to...
