Litecoin ($LTC) recently celebrated its thirteenth birthday, and in a significant development for the cryptocurrency, it may soon be on track for exchange-traded fund (ETF) approval. This follows a recent filing by Canary Capital, a digital asset investment firm founded by Valkyrie co-founder Steven McClurg, marking the first application for a Litecoin ETF. Price Surge … Read more
FractureLabs, a game development company, has filed a lawsuit against Jump Trading, alleging that the financial firm manipulated the price of its DIO token in late 2021. Jump Trading, known for its algorithmic trading and significant presence in the crypto market, is accused of breaching its market-making contract with FractureLabs during a crucial fundraising period. … Read more
OKX, one of the world’s largest cryptocurrency exchanges, has made headlines with its recent announcements regarding trading pairs. As part of its continuous efforts to optimize trading options and enhance user experience, the exchange will implement significant changes in its offerings. Upcoming Delistings On October 24, 2024, OKX will delist several trading pairs, including: BLOCK/USDT … Read more
Grayscale Investments is taking another step towards expanding its ETF offerings by seeking to transform its Digital Large Cap Fund into an exchange-traded fund (ETF). The WSJ reports that the New York Stock Exchange has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) on behalf of Grayscale, requesting approval for the … Read more
Bitnomial, a crypto derivatives exchange company, has announced the upcoming launch of its Botanical platform, a U.S.-regulated perpetual futures trading platform. Botanical aims to provide a compliant alternative to decentralized exchanges (DEXes) and VPN-based workarounds commonly used for perpetual futures trading. Key Features of Botanical: Regulated Trading Environment: Botanical is regulated by the U.S. Commodity … Read more
Crypto exchange HTX has announced a significant partnership with TradingView, a popular charting platform and social network for traders. This collaboration enables HTX users to trade digital assets directly within the TradingView platform, streamlining the trading process and enhancing user experience. HTX: A Long-Standing Player in the Crypto Space Founded in 2013, HTX has established … Read more
As the cryptocurrency landscape continues to evolve, recent movements in Ethereum’s perpetual futures market indicate a notable shift in sentiment among investors. With anticipation surrounding the upcoming US presidential election, market participants are increasingly taking long positions on Ethereum, suggesting optimism for potential price movements. Market Dynamics and Price Adjustments Ethereum’s price has seen significant … Read more
Tether (USDT), the leading stablecoin by market capitalization, is considering a foray into lending for international commodities traders, particularly in developing markets. With Tether’s established profitability and strong global connections, this move could create lucrative opportunities amid growing competition in the stablecoin sector. Tether’s Global Reach According to a recent Bloomberg report, Tether has enjoyed … Read more
In the realm of Ethereum exchange-traded funds (ETFs), the BlackRock iShares Ethereum Trust (ETHA) has emerged as a standout performer, recording an impressive daily net inflow of $14.313 million. This brings its total historical net inflow to a substantial $1.223 billion, underscoring growing confidence in Ethereum as a viable investment vehicle. Following closely behind, the … Read more
On October 14, the United States saw its largest inflow day for spot Bitcoin exchange-traded funds (ETFs) in over four months, with more than half a billion dollars flowing into the market. According to data from Farside Investors, the 11 ETFs recorded aggregate net inflows of $555.9 million, marking the highest daily net inflow since … Read more