Bitmart

News 2025 August 28, 12:01 (9 days ago )

6h Crypto Recap: Bitcoin, Solana, Tron, PiCoin, Dogecoin – Market Buzzing!

In the latest developments, #Bitmart has withdrawn its application for a cryptocurrency exchange license in Hong Kong, citing regulatory challenges. This move comes amid increasing scrutiny from authorities in the region, affecting the exchange's operational strategy.

Meanwhile, #Tron has proposed a 50% reduction in transaction fees to enhance its competitiveness. The proposal aims to address inflation concerns while attracting more users to its platform.

In a notable incident, reports emerged that #KanyeWest's YZY Coin has suffered significant losses, amounting to $74 million for traders. This development has raised questions about the viability of celebrity-backed cryptocurrencies.