In a recent development, a US court has granted Binance US the permission to invest a portion of its customer fiat funds, currently held at BitGo, in US Treasury Bills. This decision comes after the exchange requested the court’s approval to invest around $40 million in $10 million increments over a span of four weeks.
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The recent surge in Ethereum derivatives volume suggests that investors have little confidence in the Spot Ethereum ETFs, despite the imminent launch of these funds. Data from Laevitas reveals an annualized premium of 11% on Ethereum’s fixed-month contracts, indicating a lack of bullish sentiment towards ETH’s price. This lack of confidence is further highlighted by
In recent news, a market strategist has made a bold declaration regarding Bitcoin (BTC), stating that the world’s largest cryptocurrency has finally concluded its downtrend. The strategist believes that Bitcoin may be on its way to achieving a new price target, driven by a positive shift in its market value. This news comes as a
Ethereum showed a promising recovery this week, with a 12% price increase. The market rally allowed ETH to establish $3,300 as a key support level, setting a new base for further growth. The next target for buyers is $4,000, which also serves as a key resistance level. Optimism is returning to the market, with potential
Planetarium Labs is set to launch Immortal Rising 2, the much-anticipated follow-up to the popular Immortal Rising franchise. This new game will be built on the Immutable platform, offering early access and exclusive in-game rewards to attract players as excitement builds for the official launch. Immortal Rising 2 aims to build on the success of
Gods Unchained has been creating a buzz in the NFT gaming sector, standing out from its competitors with its unique gameplay and engaging player experience. The recent surge in activity on the platform is a clear indication of its growing popularity among gamers. The game’s native token, GODS, has also witnessed a significant price increase,
Shiba Inu, a popular meme coin, recently experienced a significant increase in its burn rate, with tokens being sent to a null address resulting in a 450% surge. While the USD equivalent may seem insignificant at first glance, the continuous efforts in this area could potentially have a positive impact on the price of SHIB.
In a recent statement, Ethereum co-founder Vitalik Buterin cautioned against solely backing political candidates based on their pro-cryptocurrency views. While acknowledging the significance of support for the crypto industry, Buterin emphasized the importance of broader values such as individual freedoms and technological progress. By focusing solely on cryptocurrency advocacy, Buterin argued that the fundamental principles
In a recent analysis by crypto analyst Rekt Capital, insights were provided into the future trajectory of Bitcoin. According to Rekt Capital’s assessment, the flagship cryptocurrency might not be quite ready for its next leg up, which could potentially see it climb back above $70,000. Rekt Capital mentioned in a social media post that Bitcoin
DeFi Technologies, a Canadian fintech company, has been making waves in the crypto industry with its recent acquisitions and strategic moves. The company has been actively adding Bitcoin to its balance sheet, along with expanding into altcoins like Solana and CORE tokens. This article will delve deeper into DeFi Technologies’ recent acquisitions and explore the