The recent surge in Ethereum derivatives volume indicates that investors have little confidence in the upcoming launch of Spot Ethereum ETFs. Despite expectations of a price rally for the second-largest crypto asset, data from Laevitas shows that Ethereum’s fixed-month contracts have an annualized premium of only 11%. This lack of bullishness is further highlighted by
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Recently, a US court has granted Binance US permission to invest certain customer fiat funds in US Treasury Bills. This move comes after the exchange requested court approval to invest about $40 million in $10 million increments over four weeks. The investments will be made through a trading account on TreasuryDirect in US Treasury bills
According to a market strategist, Bitcoin, the largest cryptocurrency in the world, has finally put an end to its downtrend. The strategist believes that Bitcoin is now potentially heading towards a new price target due to the positive shift in its market value. A well-known crypto analyst known as ‘Rekt Capital’ has informed his large
Ethereum made a significant move this week, closing with a 12% price increase. This recovery came after a strong market rally that allowed ETH to establish $3,300 as a key support level. Now, with a new base in place, buyers are eyeing the $4,000 mark as their next target. However, it is important to note
Planetarium Labs has recently announced the upcoming release of Immortal Rising 2, the highly anticipated sequel to the immensely popular Immortal Rising franchise. With the game being built on the Immutable platform, players are already showing excitement for early access and exclusive in-game rewards as the launch date approaches. Immortal Rising 2 is set to
Gods Unchained has been creating a buzz in the NFT gaming industry, with its recent surge in activity showcasing its growing popularity. Unlike many other games that are struggling to make an impact in the current market, Gods Unchained stands out with its unique gameplay and engaging experience. The game’s native token, GODS, has witnessed
Shiba Inu, a popular meme coin, recently experienced a significant 450% increase in its burn rate. This surge led to the destruction of almost 50 million tokens, ultimately reducing the circulating supply of SHIB. While the USD equivalent of this burn may seem insignificant at first glance, continuous efforts in this area could potentially have
In recent years, there has been a growing trend of supporting political candidates based solely on their pro-crypto views. However, Ethereum co-founder Vitalik Buterin warns against this narrow focus, urging individuals to consider broader values such as individual freedoms and technological advancement. While cryptocurrency is indeed a significant aspect of the industry, Buterin emphasizes the
The Basel Committee on Banking Supervision has recently unveiled its final disclosure framework for banks’ involvement in the cryptocurrency market. This framework, known as DIS55, aims to enhance transparency and ensure a consistent regulatory approach in the evolving field of digital assets. The Committee has been working on these updates for over a year, with
Crypto analyst Rekt Capital has provided insights into the potential future trajectory of Bitcoin. According to his analysis, Bitcoin may not be ready for its next significant move upwards just yet. Rekt Capital highlighted the importance of establishing $65,000 as a new support level for the cryptocurrency. He emphasized the need for a successful retest
BlockFi, a crypto lender that recently emerged from bankruptcy, has announced a significant step towards repaying its clients. The firm declared that the first interim distribution of funds to clients will be facilitated through Coinbase starting this month. The distribution will be carried out in batches over the next few months, beginning in July. Eligible
DeFi Technologies, a well-known Canadian fintech company, has recently made significant moves in the cryptocurrency market by acquiring a substantial amount of Bitcoin (BTC) and other altcoins. The company announced that it had purchased an additional 94.34 BTC, adding to the 110 BTC it acquired in June. In addition to Bitcoin, DeFi Technologies expanded its
Bitcoin’s price has managed to bounce back from a period of bearish price action, signaling a potential for a new all-time high in the near future. The daily chart shows that the price has found support at the $56K level and has reclaimed the 200-day moving average around $60K. However, breaking above the $65K resistance
Stardust, a leading web3 gaming infrastructure company, has recently unveiled Starbase, a groundbreaking platform that combines consumer rewards and social gaming. Starbase offers an immersive experience by integrating player rewards and social gaming into a single space filled with exciting missions and challenges. Whether you are a casual gamer or a hardcore enthusiast, Starbase has
The recent announcement by the German government regarding the sale of all its Bitcoin holdings has created quite a stir in the crypto community. The move was a result of the digital asset seizure from the infamous movie piracy website, movie2k. With approximately 49,858 BTC sold off in just two weeks, the government disclosed proceeds
Crypto exchange OKX recently announced its decision to select Malta as its Market in Crypto-Assets (MiCA) hub. This strategic move is aimed at catering to the needs of the 450 million residents of the European Union. By establishing a presence in Malta, OKX intends to offer services that are in compliance with local regulations, while
Cyvers Alert, a blockchain security firm, recently reported that the Indian exchange WazirX fell victim to an exploitation scheme, resulting in the loss of approximately $235 million. The firm’s system detected multiple suspicious transactions involving WazirX’s Safe Multisig wallet on the ETH network, where a total of $234.9 million worth of funds were moved to
The recent announcement of MON Ventures, a new investment fund by MON Protocol, has sent shockwaves through the blockchain gaming industry. The fund, led by former senior executives from major gaming and media companies, aims to support blockchain gaming studios globally. With a focus on seed and pre-TGE stage applications, MON Ventures is positioning itself
In a recent forecast presented by Joe Burnett, Senior Product Marketing Manager at Unchained Capital, a compelling argument is made for Bitcoin reaching a valuation of $750,000. Burnett emphasizes the importance of assessing Bitcoin’s potential within the broader context of the global financial ecosystem, pointing out that the market may be overlooking crucial factors in
Recently, Shiba Inu (SHIB) experienced a significant surge in price, with a nearly 20% jump in just two weeks. However, this rally was short-lived as the price dropped by 4.5% in the past 24 hours, now sitting at around $0.00001868 according to CoinGecko’s data. The decline in SHIB’s price was accompanied by a plunge in
Recently, leading crypto exchange OKX made the difficult decision to discontinue its services in Nigeria. This move came as a direct result of the regulatory changes imposed by the Nigerian government. OKX sent out emails to its Nigerian users, informing them that they had until August 30 to withdraw their assets from the exchange. After
The gaming industry is in the midst of a significant transformation. Gone are the days of traditional console games, as players now have access to a plethora of mobile applications and online platforms. This shift has been further fueled by the rising popularity of social messaging apps like Telegram, opening up new avenues for innovative
The launch of spot Ethereum ETFs has been highly anticipated by investors, with Chief Investment Officer of Bitwise, Matt Hougan, predicting that these inflows could drive the Ethereum price to new record highs. In his recent client note, Hougan emphasized the significant impact that ETF flows could have on the price of Ethereum, surpassing even
Bitcoin developer Samson Mow has been a vocal advocate for Bitcoin reaching $1 million in value. He remains unwavering in his conviction that the cryptocurrency will hit this unprecedented price point. Mow recently reiterated his bullish stance and even provided a timeline for when he expects Bitcoin to achieve this milestone. Mow attributes his optimism
Crypto exchange OKX has made the decision to cease operations in Nigeria due to local regulations. In an email statement to Nigerian clients, OKX announced that users have until Aug. 16 to close their positions on the platform. After this date, users will only be able to withdraw their funds and contact customer service for
In a groundbreaking announcement, Azarus has revealed that it will be powering the official Twitch live streams for the upcoming Evolution Championship Series. This partnership marks a significant milestone in the world of Esports, as Azarus brings its innovative Web3 overlay platform to enhance the viewing experience for fans of fighting games. The Evolution Championship
Hong Kong’s financial regulators have recently announced the conclusion of a consultation period regarding a licensing program initiative for fiat-referenced stablecoin (FRS) providers. This initiative aims to address the rising trend of digital assets and ensure monetary and financial stability in the region. During the consultation period, which ended in February, the regulators received 108