Hong Kong is set to make history on July 23 with the launch of Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK). This innovative exchange-traded fund (ETF) by China Southern Asset Management Co., Ltd (CSOP) is specifically designed to allow investors to capitalize on declines in the price
Crypto
The recent CoinShares report highlighted a substantial rise in investment in digital asset products, reaching $1.35 billion last week. This influx of capital contributed to a total of $3.2 billion over the past three weeks. Additionally, trading volumes for Exchange Traded Products (ETPs) surged by 45% week-over-week, amounting to $12.9 billion. Despite these impressive figures,
Ripple’s XRP has experienced a significant surge in price, rising by 40% in just two weeks. This sudden increase has caught the attention of analysts and traders alike, leading to speculation about the future potential of XRP. Despite a brief dip below $0.55, XRP is currently trading above $0.60, with many industry participants predicting even
Ethereum has undoubtedly made its mark on the blockchain landscape over the past ten years. The journey began with its initial coin offering (ICO) in 2014, where Ethereum sold 2,000 ETH per unit per BTC in a fully permissionless environment. This ICO set the stage for Ethereum’s rise to become the second-largest cryptocurrency by market
After Joe Biden announced his withdrawal from the 2024 presidential race on July 21, 2024, presidential meme coins experienced significant volatility. The news not only affected tokens linked to Biden and his family but also had an impact on potential Democratic replacements. Immediately following the announcement, the Joe Biden-linked Jeo Boden (BODEN) token suffered a
Bitcoin’s price saw a positive reaction following President Joe Biden’s announcement of quitting the 2024 presidential race, reaching a multi-week high of over $68,000. This surge showcased the volatility in the cryptocurrency market, with altcoins also experiencing fluctuations. Bitcoin’s Recent Price Volatility Bitcoin has been through several periods of price volatility in recent weeks. After
The partnership between Kraken and Tottenham Hotspur marks a significant collaboration between the cryptocurrency exchange and the iconic football club. This alliance aims to leverage cutting-edge technologies like blockchain to enhance the experiences of clients and fans alike. Kraken and Tottenham Hotspur share a vision of making crypto accessible to everyone, similar to the accessibility
The past week has been quite eventful for the cryptocurrency market, with Bitcoin leading the charge. Despite not being the top performer, Bitcoin surged by an impressive 11% over the past seven days. The price chart shows a steady upward trend since July 14th, with BTC trying to break the $68K level but facing resistance
Bitcoin, the leading cryptocurrency, is currently experiencing a surge in price that has caught the attention of crypto investment firm Mechanism Capital. Andrew Kang, the co-founder of Mechanism Capital, recently took to Twitter to share his thoughts on Bitcoin’s unexpected strength in the market. Despite facing challenges in market structure dynamics earlier in the month,
Three individuals were recently arrested by the Hong Kong police for allegedly defrauding a businessman out of HK$3.11 million in crypto assets. The accused individuals offered the victim three bundles of counterfeit HK$1,000 banknotes during a transaction at a Mong Kok office. The fraudulent scheme was uncovered when the victim, a 44-year-old businessman, was instructed