Oct 11, 09:15 AM

Crypto Market Thrives in Q3 2024 with Bitcoin at $61,150, Ethereum at $2,415, and SEC suing Cumberland

In the third quarter of 2024, the cryptocurrency market experienced significant growth, with the launch of Ethereum exchange-traded products (ETPs) and substantial investments in Bitcoin ETPs. Major developments included the introduction of Uniswap's Ethereum Layer 2 network, Unichain, and legal actions involving the SEC, which sued crypto market maker Cumberland for operating as an unregistered securities dealer. Additionally, crypto inflows in Argentina surpassed those in Brazil, while the UAE welcomed OKX to its market. Other notable events included the launch of blockchain savings bonds in Palau and a lawsuit against the SEC by Bitnomial regarding XRP classification. Bitcoin rebounded to $61,150, while Ethereum was priced at $2,415. The market also saw a surge in memecoins and a notable rise in Uniswap's token value by 25% ahead of the Unichain launch.