Bitcoin Whales Take Charge as Number of $100K Transactions Surge

Advertisements The number of transactions of over $100,000 on the Bitcoin blockchain rose to a new year-to-date high last week. Bitcoin’s (BTC) onchain activity suggests whales, or investors with ample capital supply and the ability to influence market trends, have been active during the cryptocurrency’s recent move above $35,000. The number of transactions processed onContinue reading “Bitcoin Whales Take Charge as Number of $100K Transactions Surge”

CME on the Cusp of Replacing Binance as Top Bitcoin Futures Exchange

Advertisements With a notional open interest (OI) of $3.54 billion, CME is now the second-largest bitcoin futures exchange. The regulated Chicago Mercantile Exchange (CME) is climbing ranks on the list of largest bitcoin (BTC) futures and perpetual futures exchanges by open interest in a move reminiscent of the early stages of the 2020-21 bull run.Continue reading “CME on the Cusp of Replacing Binance as Top Bitcoin Futures Exchange”

Floki Pounces on Trillion Dollar RWA Narrative With New TokenFi Platform

Advertisements “The tokenization industry is projected to be a $16 trillion industry by the year 2030,” Floki lead developer ‘B’ told CoinDesk in a Telegram message. Floki developers will today launch a tokenization platform dedicated to the rising real-world asset (RWA) segment in an effort to position the former memecoin project as a serious DeFiContinue reading “Floki Pounces on Trillion Dollar RWA Narrative With New TokenFi Platform”

Taiwan Crypto Regulation Gets Going With First Reading of Digital Asset Bill

Advertisements The bill sets the groundwork for defining a virtual asset and how exchanges should operate in the country. Taiwan took its first steps toward regulating digital assets, introducing a crypto bill to the Legislative Yuan for its first reading. The Virtual Asset Management Ordinance Draft bill seeks to define virtual assets, set operational standardsContinue reading “Taiwan Crypto Regulation Gets Going With First Reading of Digital Asset Bill”

Bitcoin’s Recent Outperformance Fueled by Institutional Demand, JPMorgan Says

Advertisements There has been a significant bitcoin inflow into larger wallets, which suggests institutional investor demand, the report said. Optimism about the approval of a spot bitcoin (BTC) exchange-traded-fund (ETF) by the U.S. Securities and Exchange Commission (SEC) continues to grow, JPMorgan (JPM) said in a research report on Wednesday. This optimism is reflected inContinue reading “Bitcoin’s Recent Outperformance Fueled by Institutional Demand, JPMorgan Says”

Dogecoin, Shiba Inu Jump 9% as Crypto Traders Take Riskier Bets

Advertisements The two popular meme coins have mostly underperformed crypto majors in the past week. Popular meme tokens dogecoin (DOGE) and shiba inu (SHIB) jumped some 9% in the past 24 hours, which suggests crypto traders are taking riskier bets on the back of bitcoin’s (BTC) outperformance. Although there were no immediate catalysts for SHIBContinue reading “Dogecoin, Shiba Inu Jump 9% as Crypto Traders Take Riskier Bets”

Bitcoin’s Rise Fuelled by U.S. Investors Buying Ahead of Potential Spot ETF Approval: Matrixport

Advertisements While most cryptocurrency owners are based in Asia, the buying power of U.S. traders is much bigger, the report said. The world’s largest cryptocurrency, bitcoin (BTC), has risen 25% in the last month, with most of these gains accumulating during U.S. trading hours, crypto services provider Matrixport said in a note on Wednesday. “ThisContinue reading “Bitcoin’s Rise Fuelled by U.S. Investors Buying Ahead of Potential Spot ETF Approval: Matrixport”

Bitcoin’s Surging Perpetual Funding Rates Make Arbitrage Trades Attractive

Advertisements The funding fee arbitrage involves selling perpetual futures while simultaneously buying the cryptocurrency in the spot market. The strategy currently offers an annualized yield of over 10%. Arbitrage strategies, among the most popular approaches during previous crypto market bull runs, are back in vogue thanks to the widening spread between prices for perpetual futuresContinue reading “Bitcoin’s Surging Perpetual Funding Rates Make Arbitrage Trades Attractive”

Friend.Tech User Dumps Keys Worth $1.5M, Switches to Bitcoin App

Advertisements Newer opportunities have stalled Friend.Tech’s initial growth wave, and applications such as New Bitcoin City are quickly emerging as one of the biggest bets. A popular Friend.Tech user dumped 850 ether (ETH) worth of keys late on Monday before apparently switching over to New Bitcoin City, a similar social app built on Bitcoin. XContinue reading “Friend.Tech User Dumps Keys Worth $1.5M, Switches to Bitcoin App”

Bitcoin Bears Lose $178M as Prices Break Past $34K

Advertisements Traders on crypto exchanges Binance, Huobi and OKX were hit for $50 million each, suggesting a large amount of leverage used on those platforms. Bearish bets on bitcoin (BTC) have cost traders over $178 million in the past 24 hours as prices soared past a critical resistance level. The jump in bitcoin prices cameContinue reading “Bitcoin Bears Lose $178M as Prices Break Past $34K”

Sam Altman’s Worldcoin Switches Orb Rewards Plan to Boost WLD Supply

Advertisements Users will receive WLD tokens, instead of USDC, starting Tuesday, as per a new developer document. The ambitious and controversial Worldcoin (WLD) project will switch operator rewards from USDC stablecoins to its WLD tokens on October 24, increasing the tokens’ circulating supply in the open market. “The WLD token was launched with a relativelyContinue reading “Sam Altman’s Worldcoin Switches Orb Rewards Plan to Boost WLD Supply”

Lawmaker Tom Emmer Throws Hat in Ring for House Speaker Role

Advertisements The House hasn’t had a speaker since the beginning of October, threatening any further advancement of crypto bills sitting before the legislative body. Congressman Tom Emmer (R-Minn.), who’s sponsored a number of crypto-related bills over the past few years and is a co-chair of the Congressional Blockchain Caucus, said Saturday he’s making a bidContinue reading “Lawmaker Tom Emmer Throws Hat in Ring for House Speaker Role”

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