Month: February 2024

quick take Three cryptocurrency futures ETFs in Hong Kong achieved record highs on Thursday, as trading resumed on Wednesday following the Lunar New Year break. Hong Kong’s trio of crypto futures exchange-traded funds reached new price peaks as Bitcoin surpassed $52,000 on Thursday. The CSOP Bitcoin Futures ETF, the pioneer in Hong Kong, surged by…

Over the past four days, the price of Bitcoin has surged to reach a new peak for 2024, tracing back to February 12th. This significant rise in value coincides with investors moving a staggering $1.6 billion worth of Bitcoin into long-term storage. The surge in buying pressure, particularly driven by investors flocking to newly launched…

An elaborate prank orchestrated by Bitcoin supporters created the illusion that U.S. Senator Elizabeth Warren, a vocal opponent of cryptocurrency, had authorized a flag to be flown over the U.S. Capitol in honor of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. However, this incident does not signify a sudden change of heart from Senator Warren…

With Bitcoin experiencing a recent resurgence driven by the approval of spot Bitcoin ETFs, anticipation surrounding the halving, and shifting macroeconomic trends, interest is once again piqued in the cryptocurrency sphere. Amid this renewed excitement, cryptocurrency firms that weathered the storm of the crypto winter are seizing the opportunity to capitalize on the market’s momentum….

The crypto market research platform Kaiko recently provided detailed comparisons between two major cryptocurrency exchanges, Binance and OKX. According to Kaiko’s data, Binance emerges as the exchange with higher liquidity when compared to OKX. Kaiko’s website offers valuable insights into the relative volume and liquidity of various crypto exchanges, with a key metric being the…

The discussion surrounding XRP’s classification has been reignited recently, spurred by remarks from former Ripple director Sean McBride and the World Bank’s 2021 classification of XRP as a “stablecoin.” However, what’s intriguing is that this classification occurred over two years ago. So, why the sudden resurgence of interest? A Look Back: The World Bank’s 2021…

Ronin, an Ethereum sidechain tailored for blockchain gaming, made an announcement on Thursday regarding the reduction of RON token rewards for liquidity providers on its Katana decentralized exchange (DEX) beginning in March. Sky Mavis, the company behind the network and its flagship game Axie Infinity, outlined its plan to gradually decrease liquidity pool token emissions…

Senator Elizabeth Warren, representing Massachusetts, could soon face a potential political opponent who is supportive of cryptocurrency. According to The Boston Globe, John Deaton is contemplating running for the Massachusetts Republican Party’s nomination for the US Senate. Warren, seeking her third term in office after winning her seat in 2012, is up for re-election this…

summary To commemorate Valentine’s Day, Shiba Inu introduced the SHEboshis collection, which pays tribute to women’s empowerment and includes NFTs with in-game functionality. SHIB Magazine discloses the portion of NFT proceeds designated for SHIB burns. The developer team behind Shiba Inu is introducing a new digital collectible project named SHEboshi. These non-fungible tokens (NFTs) utilize…

in brief Gold exchange-traded funds (ETFs) have experienced significant outflows since the launch of the 10 Bitcoin ETFs on January 11th. Conversely, the Bitcoin ETFs have witnessed substantial inflows, with the two largest accumulating nearly $10 billion in assets under management (AUM) just over a month after their launch. It’s important to note that this…