Author: NBTC
Crypto exchange Gemini said its defunct Earn product users will begin receiving approximately 97% of their frozen digital assets by the end of this month. According to a recent statement, the exchange clarified: “As a reminder, the initial distributions will be in kind. This means, for example, that if you had lent one bitcoin in the Earn program (as of November 16, 2022 — the date Genesis suspended redemptions), you will receive one bitcoin back. And it means that you will receive any and all appreciation of your assets since you lent them into the Earn program.” Notably, the exchange’s…
The 2024 Bitcoin halving is only two days away, and there are already varying expectations of what might happen to the BTC price once the event is completed. One way to get an idea of how it could play out for the Bitcoin price, though, is through historical data and how the cryptocurrency has performed at times like these. Bitcoin Price Trends For Previous Halvings There have been three halvings so far since Bitcoin was first launched in 2009 and with each one, Bitcoin has demonstrated various reactions to the event. The first halving took place on November 28, 2012,…
Bloomberg analysts Eric Balchunas and James Seyffart, who announced minutes ago that the approval probability of Ethereum Spot ETFs increased from 25% to 75%, published a new statement. Analysts shared that they had received new information and thought that the SEC could make a 180-degree turn regarding the Ethereum Spot ETF. In his post minutes ago following the previous announcement, James Seyffart stated that the 75% rate in question was for 19-b forms, which had a final decision date of May 23. May 23 is known as the deadline for the SEC to decide whether to reject or approve VanEck’s…
State Street, the second-oldest bank in the US, is actively searching for a leader for its digital assets solutions team. Despite its rich history stretching back to 1792, State Street’s entrance into the crypto space is relatively recent. While the bank has invested and partnered with others to build its digital asset services in the last few years, regulations remain a hurdle, slowing down its ability to directly offer crypto custody and trading services. In 2021, the bank leaped into the institutional crypto trading arena by partnering with interbank trading platform Pure Digital. This partnership involved State Street lending its…
Popular canine-themed token Shiba Inu (SHIB) has continued to attract the attention of crypto traders in India as it became the most traded coin on WazirX in April. The leading crypto exchange announced this in a post yesterday, emphasizing that SHIB was the most traded token on its platform throughout last month. Top five traded coins on WazirX in April’24: 🚀 $SHIB🚀 $BTC🚀 $DOGE🚀 $PEPE🚀 $ETH Which one did you trade the most? pic.twitter.com/Fc1E76f8Lk — WazirX: India Ka Bitcoin Exchange (@WazirXIndia) May 3, 2024 SHIB Outperforms BTC and DOGE The data suggests that WazirX traders are actively engaged with Shiba…
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…