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The Ethereum price jumped 12% in the last 24 hours to trade at $2,505 as of 03:18 a.m. EST on trading volume that dropped 30% to $39 billion. This development follows Tron founder Justin Sun’s decision to buy the dip, purchasing 14,884 ETH worth approximately $36 million from the leading cryptocurrency exchange Binance, according to data from blockchain analytics platform Spot On Chain.  Justin Sun (@justinsuntron) withdrew 14,884 $ETH ($35.97M) from #Binance 10 hours ago! This brought the total amount of $ETH he accumulated since Feb to 392,474 $ETH (est. cost: $1.19B, now worth: $995M). Note that Justin Sun also deposited a net amount of 49M $USDT to #HTX in… pic.twitter.com/43dHfK4U74 — Spot On Chain (@spotonchain) August 6, 2024 Rumors had initially circulated that Sun had liquidated his positions after the Bitcoin price dipped to $49,781, but Sun confirmed that such rumors were false. The rumors about our positions being liquidated are false. We r...

The UK first announced plans to become a global crypto hub in April last year — but a new report by an independent, cross-party group within parliament has warned that time is running out if the UK wants to emerge as an international leader. On Monday, the crypto and digital assets all-party parliamentary group (APPG) published 53 recommendations for how the UK government should act. Taking views from crypto regulators, experts, and parliament sessions, the group found that the UK “still remains in the very early stages of regulation.” While progress has been made since former chancellor and current prime minister Rishi Sunak first announced plans to become a global crypto leader, “much of the progress thus far has focused on specific issues without being part of a wider strategy.” The government needs to define a clear, overarching action plan to deliver on its vision, the APPG urged. The report comes at a crucial time for the UK . The UAE and Hong Kong have recently outlined cle...