Daily Crypto News Digest: Significant Developments in the Cryptocurrency Market
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In today’s cryptocurrency news, the market is showing positive momentum, highlighted by major developments that could shape its future. Here’s a summary of the latest updates from the world of crypto.
Market Overview: Crypto Prices Surge
The cryptocurrency market has been experiencing a significant upswing for three consecutive days. As of now, the global cryptocurrency market capitalization has increased by 4% in the last 24 hours, reaching approximately $3.39 trillion. This surge is reflected in the daily trading volume, which stands at $213 billion—its highest level in several days following a recent downturn.
All ten of the largest cryptocurrencies are in the green today. Ethereum (ETH) leads the charge with a remarkable 20% increase, now trading at $2,346. Following closely are Dogecoin (DOGE) and other cryptocurrencies that have also seen double-digit growth. DOGE has risen by 13.3%, bringing its price to $0.2071, and the best performer among the top 100 coins today is Pepe (PEPE), which has surged by 37.6% to $0.00001275. Despite the overall positive market trends, Bitcoin (BTC) is showing a slight decrease of 4%, currently priced at $102,992. The only two coins out of the top 100 experiencing minor declines are LEO Token (LEO) and Bitcoin Cash (BCH), both down around 0.5%.
Gemini Expands Its Reach in the EU
Gemini, a well-known cryptocurrency exchange, is making headlines with its recent acquisition of an Investment Firm License from the Malta Financial Services Authority (MFSA). This new license allows Gemini to offer regulated derivatives throughout the European Union (EU) and European Economic Area (EEA) under the Markets in Financial Instruments Directive II (MiFID II).
Gemini aims to launch derivative products for both retail and institutional customers, including perpetual futures. The company expressed optimism about its ability to open new opportunities in the European market through this licensing. Over the coming months, Gemini is committed to meeting the necessary conditions to roll out these innovative products across Europe, with plans to follow up with a Markets in Crypto-Assets Regulation (MiCA) license.
The International Crypto Trading Cup Kicks Off
In a groundbreaking development for the cryptocurrency trading community, the International Crypto Trading Cup (ICTC) 2025 has officially launched today. Marketing itself as the world’s first global crypto trading tournament, the ICTC will take place over two days, featuring two separate six-hour live trading sessions.
Participants will engage in trading on crypto futures using WhiteBIT futures pairs through the TradingView platform, which will be streamed live. The event promises to deliver expert commentary, live strategy breakdowns, and insights from professional traders. Competitors can choose to enter as individuals or as teams, and audience members have the opportunity to vote and predict outcomes in five categories, with a total prize pool of 6,500 USDT available for those whose predictions align closely with actual results.
CleanSpark Reports Strong Quarterly Revenue
In other news, Bitcoin miner CleanSpark has released its quarterly financial results for the period ended March 31, showing impressive growth. The company reported quarterly revenues of $181.7 million, a significant increase of 62.5% compared to $111.8 million during the same period last year.
Despite this growth in revenue, CleanSpark reported a net loss of $138.8 million for the quarter, which marks a shift from its previous year’s net income of $126.7 million. This loss translates to $0.49 per share, but the company remains focused on strategic expansion without resorting to dilutive capital. CleanSpark continues to enhance its asset management efforts, emphasizing Bitcoin’s role as both a productive asset and a key component of its balance sheet strategy.
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