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Raydium is now available in the following locations: Raydium shoots up by 35% overnight

Raydium is one of several Solana-native tokens to surge today taking RAY to an 83% weekly climb Raydium is an innovative automated market maker (AMM) and liquidity provider for the Solana-based decentralised (DEX) exchange Serum, and its RAY token is up by 33% today. A whole basket of Solana projects have rallied over the past…

Raydium is one of several Solana-native tokens to surge today taking RAY to an 83% weekly climb

Raydium is an innovative automated market maker (AMM) and liquidity provider for the Solana-based decentralised (DEX) exchange Serum, and its RAY token is up by 33% today. A whole basket of Solana projects have rallied over the past week, and Raydium now stands at a weekly gain of 83.3%.

If you’re interested in learning more about this hidden gem, keep reading. Find out where you can buy RAY right now.

How and where to purchase Raydium in the UK and other countries

Although RAY coins are a DEX-oriented token, they can also be purchased on traditional exchanges or crypto broker platforms. To get started, you will need to register with a regulated website. This can be done in a matter of minutes. To get started, choose a partner from the list below and deposit. You can now invest in crypto with confidence because both of our recommendations are reliable, safe, and secure.

eToro

eToro offers some of the best multi-asset trading platforms in the world, with the lowest fees and commission rates. Its social copy trading capabilities make it an excellent choice for beginners.


Get RAY today with eToro

Coin Kong Trader

Coin Kong allows for quick buying and selling cryptocurrencies. This is a great choice for those who are new to cryptography. It offers excellent support, transparency and security.


Get RAY today with Coin Kong Trader

What is Raydium?

Raydium acts as the AMM and liquidity provider for the Serum decentralised exchange, which is built using the Solana Blockchain. Raydium uses a hybrid AMM/order book model to give the DEX greater liquidity access, which allows Serum to compete effectively with other DEXs.

The RAY token has many uses. It can be staked to receive a portion of the protocol’s fees. It can also be used to purchase new tokens via initial DEX offering (IDOs). And it can vote on platform governance proposals. RAY’s centrality in such a rapidly-growing ecosystem has made it very attractive, leading to a price increase.

Should i buy RAY right now?

Raydium clearly shows a breakout towards the upside in its 7-day chart. Raydium’s daily gains are the highest of any Solana-based stock. The price is now $6. 51, RAY has completed a rounding-bottom pattern, providing it with a strong and stable platform to begin a journey back up to its all-time high.

RAY 7-day chart. Source: CoinMarketCap

The coin reached $16. 13 back in May, and this price will come into view if RAY can persist with its upward climb. RAY could move higher sooner than expected if the market, and especially Solana-based coins, can maintain its bullish momentum.

This article is informational only — none of the contents should be construed as financial or investment advice.

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Vote postponed to renominate SEC commissioner Caroline Crenshaw

Senate Banking Committee chair Sherrod Brown called it a “disgusting smear campaign against Caroline Crenshaw” The vote was postponed minutes before it was due to begin by Brown No date has been set for Crenshaw’s renomination A US Senate vote to renominate Democrat Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been…


US SEC Commissioner Jaime Lizárraga to resign in January

  • Senate Banking Committee chair Sherrod Brown called it a “disgusting smear campaign against Caroline Crenshaw”
  • The vote was postponed minutes before it was due to begin by Brown
  • No date has been set for Crenshaw’s renomination

A US Senate vote to renominate Democrat Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been postponed.

The vote was originally scheduled on December 11; however, it was postponed minutes before it was due to begin, reports Bloomberg. Sherrod Brown, the Senate Banking Committee chair, delayed the vote. When Brown requested the vote occur later that day, Republican senators blocked his request.

Brown later released a statement saying that corporate special interests are running a “disgusting smear campaign against Caroline Crenshaw.”

No date has been set for her renomination.

Earlier this week, crypto and blockchain advocacy groups voiced their opposition to Crenshaw’s renomination.

In a letter to Brown and Senate Banking Committee Ranking Member Tim Scott, the Blockchain Association and the DeFi Education Fund argued that Crenshaw’s actions have undermined Congress’s mandate to establish clear regulatory policies for the crypto industry.

In their letter, they mention Crenshaw’s “continued opposition to the approval of a spot Bitcoin ETP.”

Following the news of Crenshaw’s reappointment, Brian Armstrong, CEO of Coinbase, took to X to say: “She tried to block the Bitcoin ETFs, and was worse than Gensler on some issues (which I didn’t think was possible).”

A Republican-majority SEC?

The delay to Crenshaw’s renomination opens up the possibility of a three-person Republican SEC once Donald Trump enters the White House in January. Crenshaw’s term at the SEC officially ended in June; however, if she’s renominated she would be the only Democratic SEC commissioner.

The SEC can make up to five commissioners, but no more than three can form the same political party. Current SEC chair Gary Gensler, a Democrat, is stepping down on January 20, and SEC Commissioner Jaime Lizárraga, also a Democrat, will step down on January 17.

Last week, Trump nominated pro-crypto Paul Atkins, a Republican, as chair of the SEC.

Including Gensler and Lizárraga, the three remaining SEC commissioners include Republicans Hester Peirce and Mark Uyeda.


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Australia fines Kraken operator $5 million for non-compliance

Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements. The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations. Kraken crypto exchange’s Australian operator firm has been slapped with a AU$8 million ($5.1 million) fine for…


Kraken shutting down its NFT marketplace just a year after its launch

  • Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements.
  • The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations.

Kraken crypto exchange’s Australian operator firm has been slapped with a AU$8 million ($5.1 million) fine for non-compliance with Australian regulations.

The Australian federal court fined Bit Trade following a lawsuit by the Australian Securities and Investment Commission. In its order, the court said that the Kraken crypto exchange operator must comply with the country’s crypto regulations.

The court ordered that the exchange ought to pay 8 million Australian dollars as a penalty for non-compliance with the local regulations. Notably, Kraken recently announced a licensed broker offering for clients in Australia.

Bit Trade failed to comply with regulations

In August this year, the court ruled in favour of the Australian Securities and Investment Commission. The regulator had filed a case accusing Bit Trade of issuing a credit facility without following the legal proceedings.

ASIC argued that Bit Trade did not make the target market determination, a requirement to protect investors. Between October 2021 and August 2023, ASIC stated that the firm offered a margin extension to 1,100 users which cost them a loss of over $5.2 million without following the legal requirements.

The market regulator’s demand was Bit Trade to pay a fine worth 20 million Australian dollars. On their argument, Bit Trade put their limit to a maximum of four million Australian dollars. The penalty follows these proceedings, and the Kraken operator in Australia has 60 days to comply with the order.

In addition, the firm would cover for all the commissions court proceedings costs.

Kraken has faced regulatory hurdles in the US too, with the Securities and Exchange Commission (SEC), suing the exchange earlier in November 2023.

SEC’s allegations include Kraken offering of unregistered activities and operating as an unregistered broker. In August 2024, a US court denied the exchange’s motion that sought to dismiss the SEC’s lawsuit.


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Saylor and Bukele Discuss How El Salvador Can Accelerate Global Bitcoin Adoption

Michael Saylor has met with Salvadoran President Bukele to discuss accelerating global bitcoin adoption as El Salvador strengthens its position, continuing to accumulate bitcoin despite IMF-driven policy adjustments. Michael Saylor Meets Nayib Bukele to Discuss Bitcoin Strategy Michael Saylor, executive chairman of Microstrategy (Nasdaq: MSTR), met with El Salvador’s President Nayib Bukele on Feb…
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