Trade Crypto Now

14 июля 2024 07:40

🪙 Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Share

Even with several high-profile collapses and de-pegging events in recent years, stablecoins have continued to capture market share from fiat, reflecting strong demand increasingly. Although the stablecoin market is still highly concentrated, with Tether’s USDT at the forefront, its dominance has been eroding over the last two years. In 2024, USDT’s market share on centralized exchanges (CEXs) dropped from 82% to 74% per Kaiko’s estimates.

Source

@TradeCryptoNow

Trade Crypto Now

13 июля 2024 07:51

🟠 Seven Years of Binance: CEO Richard Teng Shares Insights on Achievements and Future Goals

Binance is celebrating its seventh anniversary, reflecting on its growth and achievements in the rapidly evolving cryptocurrency industry. In an open letter, Binance CEO Richard Teng shared his insights and perspective on the company’s journey and future.

Source

@TradeCryptoNow

Trade Crypto Now

12 июля 2024 07:39

🇺🇸 CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities

During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market volatility and fraud, the chairman advocated for expanded regulatory powers to safeguard investors and maintain financial stability. He also referenced a recent court ruling that reaffirmed the status of the two largest cryptocurrencies as commodities.

Source

@TradeCryptoNow

Trade Crypto Now

11 июля 2024 17:12

🚀 Exciting News! 🚀

Hey everyone! 🌟 Ready to get your hands on a FREE Airdrop? 🤑 Click on the link below to join the fun!

🔗 Join the Bot

Rumor has it that this amazing opportunity is brought to you by the same team behind NotCoin! 🌐✨ Don't miss out on this chance to start the bot and claim your free airdrop. 🎉

Hurry up, you don't want to be the only one missing out! 🚀💰

👉 Start Now

#Airdrop #Crypto #Freebies #JoinNow

Trade Crypto Now

10 июля 2024 07:05

🪙 Circle’s USDC Emerges as Top Beneficiary of EU’s Push for Compliant Stablecoins

The MiCA regulation has created an increased demand for compliant stablecoin, with Circle’s USDC emerging as a primary beneficiary of the trend. In its latest report, Kaiko revealed that non-compliant stablecoins account for 88% of the total stablecoin volume, at present. But Europe’s Markets in Crypto-Assets Regulation (MiCA), which was implemented on June 30, is expected to change this dynamic, resulting in market makers favoring compliant stablecoins over non-compliant alternatives.

Source

@TradeCryptoNow

Trade Crypto Now

09 июля 2024 07:46

💰 Metaplanet Announces Bitcoin Purchases Totaling Nearly $2.5 Million

Metaplanet, a Tokyo-listed public company, has disclosed it has completed bitcoin purchases amounting to 400 million yen (almost $2.5 million). The company, which vowed to use bitcoin as a strategic reserve asset to navigate the uncertainties of the Japanese economy and the devaluation of the yen, acquired 42.466 bitcoin at an aggregate price of $58,600 per bitcoin.

Source

@TradeCryptoNow

Trade Crypto Now

08 июля 2024 09:47

💰 Jack Dorsey Envisions Bitcoin Replacing US Dollar — Foresees BTC Reaching $1 Million

Billionaire Jack Dorsey foresees a future where bitcoin could supplant the U.S. dollar as the dominant global currency. He envisions a scenario where bitcoin’s value could soar to $1 million by 2030. Highlighting the cryptocurrency’s decentralized nature, Dorsey underscores its potential to democratize financial systems and reduce reliance on traditional banking institutions.

Source

@TradeCryptoNow

Trade Crypto Now

07 июля 2024 17:12

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.

Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!

🔗 Join now: @Cryptocurrency_Inside

#advertising

Trade Crypto Now

05 июля 2024 18:42

💰 Bitfinex says bitcoin faces low liquidity as institutional participation wanes during summer

Fewer institutional participants are actively trading in the market due to summer vacations, leading to lower liquidity, according to Bitfinex. Bitcoin sell pressure has been exacerbated by fund managers being away on vacation for the for the summer, making the market very illiquid," Bitfinex analysts told The Block. The analysts added that data shows profit taking is continuing from the long-term bitcoin holder cohort. "Even those who have held bitcoin for a period of 3-4 years, we see long-term holder cohorts continuing to remain risk-off for now and exiting spot positions.

Source

@TradeCryptoNow

Trade Crypto Now

05 июля 2024 06:45

💰 German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data Shows

The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s BTC liquidation, Tron founder Justin Sun has offered to purchase the remaining bitcoin off-market from the German government to minimize any price impact on the cryptocurrency.

Source

@TradeCryptoNow

Trade Crypto Now

04 июля 2024 09:51

💰 Riot Platforms boosts bitcoin mining production by 19% in June as Marathon Digital sees slight decline

Bitcoin mining firms across the industry have released statistics detailing their mining activity and energy consumption in June, as the companies continue to respond to the dramatic shift from April's halving event with greater investment in the latest-generation infrastructure and long-term energy procurement deals. Riot Platforms managed to outperform its bitcoin mining activity from May with a 19% increase in the number of bitcoin mined month-over-month, earning 255 BTC in June compared to 215 BTC in May.

Source

@TradeCryptoNow

Trade Crypto Now

03 июля 2024 06:35

💰 CleanSpark mined 445 bitcoin last month, exceeds mid-year hashrate target of 20 EH/s

CleanSpark mined 445 bitcoin last month, up from May’s 417 mined. The bitcoin miner said it exceeded its mid-year target of 20 EH/s in operational hashrate due to its acquisition of five new bitcoin mining sites in Georgia. The company sold 8.06 bitcoin in June at an average price of approximately $67,514 per bitcoin, according to a press release. The average hashrate throughout the month was 17.85 EH/s.

Source

@TradeCryptoNow

Trade Crypto Now

02 июля 2024 10:24

📣 Starknet allocates additional 50 million STRK to DeFi program

The Starknet Foundation has announced an additional 50 million STRK allocation to its DeFi Spring program, according to details published on Monday. DeFi Spring 2.0 is Starknet Foundation’s new commitment to growing the decentralized finance (DeFi) ecosystem of Starknet, an Ethereum Layer-2 rollup ecosystem.

Source

@TradeCryptoNow

Trade Crypto Now

01 июля 2024 07:02

💰 Runes TXs on Bitcoin tank over 88% in June

Runes, a new token standard on the Bitcoin blockchain, has seen its daily average transaction count plummet over 88% from its highest point in June. According to Dune Analytics data from Crypto Koryo, the average daily Runes transactions from June 22–28 was 37,820, reflecting a nearly 90% drop from the 331,040 daily average recorded between June 9–15.

Source

@TradeCryptoNow

Trade Crypto Now

30 июня 2024 00:35

🔵 Coinbase to launch CFTC-regulated futures trading for 5 altcoins

Coinbase Derivatives plans to launch margined futures contracts for Avalanche (AVAX), Chainlink (LINK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHIB). On June 28, the service published an announcement and submitted filings to the CFTC to list each contract under a self-certification model.

Source

@TradeCryptoNow

Trade Crypto Now

13 июля 2024 17:42

🟠 Binance Seeks to Reduce Stake in Operator of South Korean Crypto Exchange Gopax to 10%

Binance is reportedly seeking to reduce its stake in the South Korean crypto exchange Gopax’s parent company, Streami, to approximately 10%. Binance’s mooted sale of the stake to Megazone comes just over a year after Binance acquired the controlling stake. The exchange needs to offload the stake well before the August 11 deadline for reporting changes related to renewing real-name accounts.

Source

@TradeCryptoNow

Trade Crypto Now

12 июля 2024 17:49

💰 US Bitcoin ETFs Continue Inflow Streak, Funds Now Hold 4.47% of BTC’s Market Cap

The U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows on Thursday, marking five consecutive trading days of positive movement. The ETFs accumulated $78.93 million, with Blackrock’s IBIT leading by bringing in $72.09 million. Among the 11 spot bitcoin ETFs trading in the U.S., a total of $78.93 million was recorded in inflows, with IBIT capturing the bulk by securing $72.09 million. At the time of writing, data from the IBIT web portal indicates that Blackrock’s BTC fund now holds 314,204.3 BTC.

Source

@TradeCryptoNow

Trade Crypto Now

11 июля 2024 21:22

💰 Malaysian crypto miners stole $722 million worth of power: energy official

Cryptocurrency miners in Malaysia stole at least RM3.4 billion ($722 million) worth of power between 2018 and 2023, the country’s energy official said. Akmal Nasrullah Mohd Nasir, deputy energy transition and water transformation minister, said on Wednesday that the illegal crypto mining activities have become more widespread, local news website Malay Mail reported.

Source

@TradeCryptoNow

Trade Crypto Now

11 июля 2024 07:44

💰 Bitcoin whales are accumulating at their fastest rate since April 2023: CryptoQuant

Bitcoin long-term holders are adding to their holdings at the fastest monthly rate since April 2023, according to CryptoQuant analysts. "Bitcoin whales have been increasing their holdings at a monthly growth rate of 6.3%, the fastest pace since April 2023, indicating rising demand for bitcoin," CryptyQuant said. Wednesday's market report from the analytics firm noted that the increase in bitcoin demand from long-term holders is supporting the digital asset's price.

Source

@TradeCryptoNow

Trade Crypto Now

09 июля 2024 22:02

🪙 Invesco Galaxy sets spot Ethereum ETF fee at 0.25% in latest round of filings

Issuers for the Invesco Galaxy Ethereum exchange-traded fund set its fee at 0.25% in the latest round of filings as firms seek to launch spot Ethereum ETFs. The fund disclosed its fee in an amended S-1 registration statement filed to the U.S. Securities and Exchange Commission on Tuesday. Invesco Galaxy's fee is a bit higher than other firms that have disclosed. VanEck set its fee at 0.20% after Franklin Templeton set its at 0.19% last month.

Source

@TradeCryptoNow

Trade Crypto Now

08 июля 2024 17:58

💰 Bitcoin OTC desk balances hit over 300,000 BTC

Bitcoin’s total OTC desk balance demonstrates notable trends correlated with price fluctuations. The chart from CryptoQuant highlights the relationship between Bitcoin price movements and OTC desk balances, which have shown significant activity throughout 2024. The recent surge in OTC desk balances reaching over 300,000 BTC aligns with Bitcoin’s price hitting around $55,000.

Source

@TradeCryptoNow

Trade Crypto Now

07 июля 2024 19:37

🪙 Tron develops gas-free stablecoin for Ethereum and Tron chains

Tron founder Justin Sun has revealed that his team is building a gasless stablecoin solution to make peer-to-peer transfers free for all. Sun hopes to integrate the stablecoin solution on the Tron blockchain in the fourth quarter, followed by Ethereum and other Ethereum Virtual Machine-compatible public chains soon after. “Transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves,” Sun explained in a July 6 X post.

Source

@TradeCryptoNow

Trade Crypto Now

06 июля 2024 14:37

💰 Bit Digital, Iris Energy report declining Bitcoin output, rise in hash rate YoY

Bit Digital and Iris Energy reported June Bitcoin (BTC) mining results on July 5, posting one-year hash rate increases alongside reduced BTC output since April. Bit Digital reported a hash rate of 2.57 exahashes per second (EH/s) as of June 30, up from 2.54 EH/s in May and 1.78 EH/s in June 2023. The firm produced 61.7 BTC in June, down 2.5% from May. In earlier reports, the company said it produced 63.3 BTC in May and 119.3 BTC in April.

Source

@TradeCryptoNow

Trade Crypto Now

05 июля 2024 17:09

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.

Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!

🔗 Join now: @Cryptocurrency_Inside

#advertising

Trade Crypto Now

04 июля 2024 20:57

📊 Crypto market sees $295 million in liquidations across exchanges over past 24 hours

Bitcoin has been beset by heavy selling pressure in the past 24 hours, causing the digital asset to fall below the $60,000 support level and reaching a recent low of around $57,800. There were over $77 million in bitcoin long liquidations across centralized exchanges in the past 24 hours — out of a total of $92 million in liquidated BTC positions, according to data from Coinglass. The broader cryptocurrency market saw over $295 million in liquidations on centralized exchanges, with around $259 million in long positions.

Source

@TradeCryptoNow

Trade Crypto Now

03 июля 2024 23:11

🏦 KuCoin to enforce 7.5% VAT on Nigerian trades amid regulatory changes

Crypto exchange KuCoin said it would start collecting a 7.5% value-added tax on trading fees from its Nigerian users on July 8. The platform explained that the 7.5% fee would be applied to each trade’s transaction fees, not the transaction amount. It added that the fee covers all transaction types that Nigerian users can perform on its platform.

Source

@TradeCryptoNow

Trade Crypto Now

02 июля 2024 20:29

💰 Bitfinex report notes renewed profit realization by long-term bitcoin holders

Bitcoin long-term holders, who had paused profit-taking since early May, appear to have begun selling off their holdings again, according to Bitfinex analysts. "Long-term holders of bitcoin are resuming their sales, and continued high levels of profit realization by long-term holders means the near-term outlook for bitcoin is vulnerable." Bitfinex analysts said.

Source

@TradeCryptoNow

Trade Crypto Now

01 июля 2024 18:47

🇯🇵Sony expands into crypto with the acquisition of Amber Japan

Sony Group, a leading conglomerate in Japan, is set to launch a crypto exchange following its acquisition of Amber Japan. This acquisition comes over two years after the Singapore-based Amber Group acquired DeCurret, a regulated Japanese crypto exchange, and rebranded it as Amber Japan. Reports revealed that the exchange faced significant challenges in 2022 due to its exposure to the collapsed FTX exchange, leading to substantial losses.

Source

@TradeCryptoNow

Trade Crypto Now

30 июня 2024 09:59

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.

Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!

🔗 Join now: @Cryptocurrency_Inside

#advertising

Trade Crypto Now

29 июня 2024 08:36

💰 Solana ETF Approval Odds Rise Amid Potential Political Shifts, Analyst Says

Bloomberg’s senior ETF analyst has stated that the odds of a Solana exchange-traded fund (ETF) being approved within the next 12 months are closely linked to the likelihood of a change in the U.S. presidency. He noted that it is “safe to say the chances of both are higher today than they were yesterday.”

Source

@TradeCryptoNow