Recently, Coinbase’s non-US exchange achieved a significant milestone by reaching over $1 billion in daily trading volume on February 20th. This marked the first time that the exchange surpassed the $1 billion mark in terms of trading volume, indicating a significant growth trajectory for the service. According to live data, as of 8:15 pm UTC
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The Hong Kong Monetary Authority (HKMA) recently introduced new regulatory standards for the sale and distribution of tokenized financial products by authorized institutions. This initiative is aimed at fostering innovation in the field of tokenization while also ensuring strong consumer protection. The guidelines set forth by the HKMA clearly define the scope of tokenized products
Wall Street Memes has recently implemented a major new burn mechanism that is set to shake up the $WSM token dynamics. This deflationary force will see a significant 5% of the total $WSM supply heading for the furnace, marking a departure from the original plan of a 10% buyback of Net Gaming Revenue. The burn
AltLayer, a rollups platform focusing on blockchain scalability, recently announced that they have raised an impressive $14.4 million in a strategic funding round. The fundraising round was co-led by Polychain Capital and Hack VC, with the aim of expanding the company’s team and advancing its rollup infrastructure. Other participants in the funding included OKX Ventures,
Ethereum is currently showing positive signs above the $2,850 support level. The price is slowly moving higher above the $2,800 support zone and is trading above $2,850 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,910 on the hourly chart of ETH/USD. These indicators suggest that
In a recent strategic move, the People Power Party (PPP) in South Korea has proposed a further two-year delay in the implementation of crypto taxation ahead of the upcoming general elections. This decision has sparked a discussion about the implications of pushing back taxation on virtual assets to January 2025. The PPP’s decision to explore
In a recent announcement, popular cryptocurrency exchange Binance revealed its decision to discontinue trading and subscription services for its leveraged token offerings. This move, set to take effect on Feb. 28, will impact tokens such as Bitcoin, Ethereum, and Binance Coin (BNB). Binance will be delisting leveraged tokens including BTCUP, BTCDOWN, ETHUP, ETHDOWN, and BNBUP,
The Bitcoin open interest has been steadily increasing in recent weeks, coinciding with a continuous climb in the price of the cryptocurrency. This surge in open interest reflects a growing interest in Bitcoin, especially after the United States Securities and Exchange Commission (SEC) approved Spot Bitcoin ETFs for trading. The open interest in BTC has
In recent times, the cryptocurrency market has seen a surge in popularity, with record inflows into crypto investment products. According to CoinShares, these products received just under $2.5 billion in inflows last week, bringing the yearly total to $5.2 billion. This influx of capital has primarily been driven by the approval of spot Bitcoin ETFs,
NEAR Protocol has been on a steady upward trajectory since the beginning of the year, with the latest market data showing a significant increase of almost 30% bi-weekly. This surge in value is a clear indicator that investors are increasingly showing enthusiasm towards the recent advancements in the broader market and the innovative developments within