Bybit recently made a decision that has sent shockwaves through the cryptocurrency community. The exchange has removed China from the list of countries whose citizens are restricted from using its services. This unexpected move has raised eyebrows and sparked debates about the implications for both Bybit and the Chinese market. By allowing Chinese users to
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In a recent report by Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM), it was revealed that Bitcoin, Ethereum, and Solana have been consistently outperforming traditional assets in terms of annualized returns. With annualized returns of 141%, 152%, and 224% respectively, these crypto assets have far surpassed traditional assets such as Gold, which only
Traders’ positions are reflecting a moderate level of excitement in the market regarding the upcoming launch of spot Ethereum ETFs. While the week may have been relatively uneventful, the expectations surrounding these funds are high. Analysts at K33 Research are predicting that the arrival of Ethereum ETFs could potentially follow a similar explosive path as
Bitcoin, the digital currency that has been causing a stir in the financial world, is once again at the center of attention. This time, it is due to the mounting stress within the US banking system. Some experts are predicting a significant surge in Bitcoin’s value, with some even going as far as forecasting a
Binance, a global blockchain ecosystem and cryptocurrency exchange giant, has recently announced the launch of the inaugural Binance World Championship. With a staggering rewards pool of over $4.2 million, this competition is set to make waves in the world of cryptocurrency. The championship is not just about the prizes, but about celebrating the diverse range
The market seems to be underestimating the evolving attitude of Washington towards cryptocurrencies, according to Bitwise CIO Matt Hougan. In a memo dated June 4, he pointed out that the political landscape in the US has been shifting towards a more positive stance on crypto in recent weeks. If the impact of this change had
The upcoming auction at Sotheby’s on June 18, featuring a curated selection of Bored Ape Yacht Club-centric Ethereum NFTs from Yuga Labs, comes at a crucial time for the NFT market. The auction aims to not only gauge the fine art community’s interest but also to determine the lasting value of Ape-themed digital assets. However,
The upcoming House Appropriation budget has the potential to hinder the implementation of the US SEC’s controversial Staff Accounting Bulletin 121 (SAB 121). According to FOX Business reporter Eleanor Terrett, the bill includes a policy rider that prohibits the SEC from using appropriated funds to enforce the rule. The inclusion of this provision raises questions
Recent data has revealed a significant drop in the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges. This decrease indicates that the two largest crypto tokens by market cap are potentially gearing up for substantial upward movements, as a supply squeeze looms. According to BTC ECHO analyst Leon Waidmann, Glassnode data shows that the
In a recent blog post, Coinbase CEO Brian Armstrong stressed the need for regulatory clarity in the crypto industry. He highlighted the significant investment Coinbase has made in policy efforts and emphasized the company’s commitment to continuing these investments as regulations evolve globally. Armstrong outlined two primary paths to achieving regulatory clarity: creating new case