Around $2.7 billion worth of Bitcoin and Ether options are scheduled to expire on May 24, offering valuable insights into market sentiment within the crypto sphere. As per a post by Greeks.live on X, there are approximately 21,000 Bitcoin options set to expire, with a put/call ratio of 0.88. This indicates a relatively balanced stance … Read more
Hong Kong-based cryptocurrency exchange Gate.HK is shutting down due to its failure to meet the local licensing requirements set to be enforced from June 1 onwards. The Securities and Futures Commission of Hong Kong (HKSFC) mandated that all crypto exchanges in the region must obtain an operational license. Exchanges that didn’t apply for a license … Read more
The Solana blockchain has emerged as a prominent player in the cryptocurrency arena, drawing attention for its impressive throughput and low transaction fees. Many experts see it as a formidable competitor to Ethereum’s dominance. As we move into 2024, there’s considerable optimism surrounding SOL, Solana’s native token, with some predicting it could surpass the $400 … Read more
Dan Gambardello, a prominent market analyst and founder of CryptoCapitalVenture, has identified Cardano (ADA) as a potential beneficiary following the SEC’s recent approval of spot Ethereum exchange-traded funds (ETFs). In a video on X, Gambardello referenced Coinbase’s chief legal officer, Paul Grewal, who noted that Ethereum is now classified as a commodity. Gambardello suggested that … Read more
BlackRock’s spot Ethereum ETF, listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol $ETHA, follows the SEC’s approval of eight spot Ethereum ETFs. These ETFs, including those from VanEck, Fidelity, Franklin, Grayscale, Bitwise, ARK Invest & 21Shares, Invesco & Galaxy, and BlackRock’s iShares Ethereum Trust, are proposed for listing on Nasdaq, … Read more
Lending protocols offer a solution to this challenge by enabling DeFi users to deposit assets like ETH or BTC and borrow stablecoins, which can then be exchanged for other assets such as AI tokens, real-world asset (RWA) tokens, or meme coins. When employed prudently, lending empowers savvy DeFi users to optimize their returns. They can … Read more
Robinhood, a trading platform known for its commission-free model, has introduced gas-free trading on Arbitrum, the leading Ethereum Layer 2 network by Total Value Locked (TVL). The feature, launched on May 23, enables users to execute trades without incurring gas fees on the Arbitrum network through Robinhood Wallet. For decentralized exchange (DEX) services, Robinhood has … Read more
In the midst of significant developments spanning various markets and industries, tangible assets such as gold, silver, and cryptocurrencies appear poised on the brink of a substantial bullish cycle, as indicated by a leading crypto trading expert who deems them essential components of investment portfolios. Prominent crypto analyst Michaël van de Poppe recently underscored the … Read more
Recent speculation about the potential insolvency of the cryptocurrency exchange Bybit has caused widespread concern within the crypto community, leading to increased anxiety and conjecture. A notable mistake on Arkham’s on-chain analysis platform erroneously indicated a sharp decline in Bybit’s assets, exacerbating fears. Bybit Provides Clarification About the Rumors of Insolvency Rumors that were initially … Read more
Upbit, the biggest cryptocurrency exchange in South Korea, unveiled the introduction of OAS, a token linked to its Oasys platform, aimed at bolstering both USDT and BTC markets. Upbit to Introduce OAS for BTC and USDT Pairs Oasys is a framework for smart contracts created especially for Web3 games. In the 24 hours that followed … Read more