Author: NBTC
BingX is launching USDC-margined trading, a Launchpad and Launchpool as it celebrates its sixth anniversary. The platform plans to expand to Turkey, Vietnam and Argentina The exchange will also collaborate on a Netflix documentary aimed at animal protection and conservation. Crypto exchange BingX is set to expand its crypto services and products to Turkey, Vietnam and Argentina, according to a press release published on Monday. The exchange’s global expansion will include localized products and campaigns, as well as key partnerships. BingX to launch USDC-margined futures trading BingX will also launch USDC-margin futures trading on its platform. There are also plans…
Bitcoin’s fall to $61,000 over the past week has flushed out its fair share of leverage. Look no further than Bitcoin’s futures market, where the total value of futures contracts traded on major exchanges has plummeted by $5.2 billion during that span, according to Coinglass. As of this writing, open interest for Bitcoin futures contracts stood at $28.3 billion on Wednesday. “This absolutely is a deleveraging event,” Amberdata’s Director of Derivatives Greg Magadini told Decrypt in an interview, adding that growing geopolitical tensions in the Middle East and stronger-than-expected economic data in the U.S. have recently thrown crypto off-kilter. After…
Ethereum ($ETH) saw a significant surge in value today, jumping 14% to reach $3,540 within a couple of hours. This happened after a series of tweets from notable figures in the financial analysis community. Bloomberg’s senior ETF analyst, Eric Balchunas, announced an increase in the estimated odds of a spot Ether ETF approval by the U.S. SEC to 75%, up from 25%. This optimistic update was shared in response to a tweet from Nate Geraci, President of ETF Store. Update: @JSeyff and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this…
Dragonfly Capital’s Haseeb Qureshi raised concerns about theories of recent listings on Binance, hinting at complexities behind market fluctuations. The drop in prices of tokens listed on Binance over the past six months might not be the result of venture capital dumping, but rather a more nuanced interplay of market dynamics, suggests Dragonfly Capital managing partner Haseeb Qureshi. In an X article published on May 19, Qureshi raised concerns over data published by @tradetheflow_, who found that recent Binance listings, dubbed “high FDV, low float” tokens, have experienced significant declines despite initial optimism. Looking at all the new listing of…
CoolWallet, known for its innovative blend of hardware and software in a mobile-first approach to crypto wallets, is taking a significant leap forward by partnering with Orderly Network. This collaboration is set to introduce a pioneering decentralized exchange (DEX) offering, focusing on perpetual contracts (perps) trading directly from the user’s wallet. This move not only expands CoolWallet’s capabilities beyond simple asset swaps but also marks its first venture into the world of perp DEXs, developed on the robust Orderly Network. This integration leverages Orderly Network’s advanced omnichain infrastructure, designed for permissionless Web3 trading, to enhance the trading experience for CoolWallet…
The reports say that the bull market of Bitcoin (the biggest crypto asset) has primarily ended. Santiment, a crypto market intelligence platform, has recently disclosed that the top crypto saw this termination of the bull market following its market value dipping by 16%. The analytics platform added that Bitcoin has seen a sixteen percent decline since its all-time high value of up to $73.6K. On the 14th of March this year, BTC reached the above-mentioned figure. 😧 According to the #crypto crowd, the #bullmarket has essentially come to an end after #Bitcoin’s -16% market value drop since the #AllTimeHigh of…
Ethereum, the second-largest cryptocurrency by market capitalization, is currently poised at a crucial juncture, with a prediction of a potential breakout. Prominent crypto analyst Jelle recently pointed out that Ethereum is nearing the end of a falling wedge pattern, a situation often interpreted as a bullish signal in technical analysis. This consolidation period, often called accumulation, may be largely due to market participants awaiting the upcoming decision from the US Securities and Exchange Commission (SEC) on the approval of the much-anticipated spot Ethereum ETF. With this critical announcement expected later in the week, buyers and sellers appear to be in…
Hong Kong’s first crypto-asset tax reporting software, FinTax was launched today. The software will help in calculating crypto-asset salary tax and profits tax. Hong Kong has witnessed numerous advancements in the digital assets sector these past few weeks. Notably today, TaxDAO, a Web3 Finance and Tax organisation launched the first crypto-asset tax reporting software earlier today. The software formerly named Intax was upgraded to FinTax and began seed funding today. With the launch of e-CNY wallets last week, and the approval of BTC and ETH Spot ETFs, the capital has been leading China into the world of digital assets. The…
Manta Network has joined forces with Celestia, ORA, and Hyperbolic to introduce a comprehensive suite of AI tools at Manta Pacific. This collaboration aims to encompass the entire AI development lifecycle, including training, deployment, and inference. The initiative is set to leverage Universal Circuits enhanced with Manta AI, backed by Hyperbolic’s DePIN infrastructure for decentralized GPU access, and ORA’s innovative AI oracle. 🚀 @OraProtocol’s On-chain AI Oracle (OAO) is live on #MantaPacific, enabling scalable and verifiable AI inference on the network!Developers can now use OAO to build LLM-powered on-chain applications.Dive in 👇 https://t.co/nglVDfeGdS — Manta Network (🔱,🔱) #MantaRenewParadigm (@MantaNetwork) May…
Backpack, a British Virgin Islands-regulated crypto exchange and wallet provider, says Shiba Inu (SHIB) trading is now live on its platform. The exchange made the announcement in a tweet today, stating that trading for the canine-themed token has gone live. Trading is live for $SHIB — https://t.co/uqi9xnDDn0 Dog token fun pic.twitter.com/JJAmf0f1vC — Backpack 🎒 (@Backpack) May 20, 2024 Notably, Backpack paired Shiba Inu against Circle stablecoin (USDC), as trading commenced today at exactly 10:00 AM (UTC). Although Shiba Inu trading has commenced on Backpack, the exchange did not disclose whether it has enabled deposit and withdrawal services for SHIB. Backpack…