Recently, a US court granted Binance US the authority to invest specific customer fiat funds, currently held at BitGo, in US Treasury Bills. This decision came after the exchange requested court approval to invest approximately $40 million in $10 million increments over a period of four weeks. The funds will be invested through a trading
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The volume of ETH derivatives indicates a lack of confidence among investors in the upcoming Spot Ethereum ETFs. Despite the imminent launch of these funds, the fixed-month contracts annualized premium for Ethereum is only at 11%, which is relatively low. This suggests that crypto traders are not as bullish on ETH’s price as one might
A recent declaration by a market strategist has set the tone for a potential turnaround in the world of cryptocurrency. Bitcoin, the largest cryptocurrency in the market, is said to have finally concluded its downtrend. The strategist’s analysis points towards a new price target for Bitcoin, driven by a positive shift in its market value.
Planetarium Labs is set to change the landscape of Web3 gaming with their upcoming release of Immortal Rising 2. As a follow-up to the highly successful Immortal Rising franchise, this new game is already generating buzz among players eager to experience the next evolution in gaming technology. Immortal Rising 2 will be built on the
Ethereum, the second-largest cryptocurrency by market capitalization, had an impressive week with a 12% price increase. This recovery came amidst a market-wide rally, allowing ETH to establish $3,300 as a key support level. The next target for Ethereum is $4,000, which also serves as a crucial resistance level. The optimism in the market is palpable,
Gods Unchained has been making a significant impact in the NFT gaming world, with its recent surge in activity showcasing its growing popularity. Standing out among other games in the market, the unique gameplay and engaging experience offered by Gods Unchained has captured the attention of many players. The native token of the game, GODS,
Shiba Inu, a popular meme coin, recently experienced a substantial increase in its burn rate, with an impressive 450% surge in the past 24 hours. This surge led to around 50 million tokens being sent to a null address, reducing the circulating supply and potentially increasing scarcity. Despite the USD equivalent of the burn being
Ethereum co-founder Vitalik Buterin has recently spoken out against the trend of solely supporting political candidates based on their pro-crypto views. He emphasized the significance of broader values such as individual freedoms and technological advancement. Buterin warned that a myopic focus on cryptocurrency could potentially undermine the fundamental principles that sparked the industry’s movement. Buterin
BlockFi, a crypto lender that recently emerged from bankruptcy, has taken a significant step towards repaying its clients. The company announced that it would begin the first interim distribution of funds to its clients through Coinbase. This process will start in July and continue in batches over the following months. According to BlockFi, eligible clients
DeFi Technologies, a prominent Canadian fintech company, has been making significant waves in the cryptocurrency market lately. With a core focus on diversifying its treasury strategy, the company recently announced the acquisition of another 94.34 BTC, adding to the 110 BTC it initially purchased in June. In addition to Bitcoin, DeFi Technologies has also ventured
