Author: Andrei Ionescu
MicroStrategy’s stock (MSTR) has reached an unprecedented level of correlation with Bitcoin (BTC), according to data from MSTR-tracker. Recently, the 100x ratio of MSTR to BTC price surpassed 0.5 for the first time, marking a new milestone in the company’s close ties with cryptocurrency market dynamics. Premium Over Bitcoin Holdings Surges MSTR’s stock price has also recorded a 3.4% premium over its net asset value (NAV) of Bitcoin holdings, reflecting heightened investor interest in the company’s cryptocurrency strategy. Since the beginning of the year, MSTR has surged approximately 197%, significantly outperforming Bitcoin’s own price growth over the same period. Strengthening…
Binance Futures is set to expand its offerings with the launch of SLERFUSDT and SCRTUSDT perpetual contracts on November 21, 2024, at 11:30 UTC, enabling leverage of up to 75x for traders. Details of the Launch The contracts are USDⓈ-margined, and the funding rate will have a maximum range of +2.00% / -2.00%, settled every four hours. Trading Features Binance Futures allows users to trade these contracts using the Multi-Assets Mode, which provides flexibility in margin assets. For instance, traders can use BTC as margin when trading SLERFUSDT or SCRTUSDT. Dynamic Risk Management Binance will actively monitor and adjust contract…
OKX, one of the leading cryptocurrency exchanges, has announced the upcoming launch of USDT-margined perpetual swaps, margin trading, and Simple Earn services for three new tokens: DEGEN, SLERF, and ARKM. These services will be available across web, app, and API interfaces starting November 21, 2024, providing users with enhanced trading options. Key Launch Details 1. Perpetual Swap Trading OKX will introduce perpetual swaps for the following trading pairs: Funding Fee Details:To manage initial market volatility, the funding fee upper limit will be temporarily capped at 0.03% until 4:00 PM UTC on November 21, 2024. After this, the funding fee cap…
Binance, the world’s largest cryptocurrency exchange, announced it will remove and cease trading on several spot trading pairs as part of its routine market quality review. The changes, aimed at protecting users and ensuring market integrity, will take effect on November 22, 2024, at 03:00 (UTC). Spot Trading Pairs to Be Removed The following pairs will be delisted: Key Notes for Users This decision follows Binance’s regular assessments of trading pairs based on factors such as liquidity and trading volume, as part of its commitment to maintaining a high-quality trading environment.
On November 18, Bitcoin spot exchange-traded funds (ETFs) experienced a robust total net inflow of $255 million, signaling continued investor confidence in the flagship cryptocurrency. In contrast, Ethereum spot ETFs recorded a total net outflow of $39.08 million, reflecting a divergence in market sentiment between the two leading digital assets. Breakdown of Bitcoin Spot ETF Activity The significant inflows into these prominent ETFs highlight growing institutional interest and the expanding adoption of Bitcoin as an investment asset. Ethereum Spot ETFs See Decline In contrast, Ethereum spot ETFs recorded a total net outflow of $39.08 million, suggesting a cooling of enthusiasm…
Gemini, the U.S.-based cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has announced its entry into the French market following its registration as a Virtual Asset Service Provider (VASP). This expansion positions Gemini as a key player in the European Union’s evolving crypto landscape under the Markets in Crypto-Assets (MiCA) regulatory framework. Strategic Move into France France’s proactive regulatory stance and growing crypto adoption were pivotal in Gemini’s decision to launch in the country. The exchange, which operates in over 70 countries, highlighted France’s supportive approach to the digital asset industry as a significant factor. “France’s proactive engagement with and…
Binance, the leading cryptocurrency exchange, has announced the addition of new trading pairs and enhanced Trading Bots services on its Spot platform, further expanding its offerings and enhancing the user trading experience. New Trading Pairs on Binance Spot Starting November 20, 2024, at 08:00 (UTC), Binance will launch trading for the following pairs: Zero Maker Fees for ETH/EURI Pair Binance has introduced a promotion offering zero maker fees for the ETH/EURI trading pair. This promotion will begin alongside the new pair launch and continue until further notice, providing users with cost-efficient trading opportunities. Trading Bot Services Binance will also enable…
As Bitcoin approaches a fresh all-time high, analysts at Bernstein have identified major catalysts that could propel its price to $200,000 by the end of 2025. Bernstein’s team, led by Gautam Chhugani, highlighted both political and regulatory developments as key drivers of the next Bitcoin cycle in a note to clients on Monday. Key Catalysts Driving the Prediction Political Shifts Favoring Bitcoin The recent U.S. presidential election of Donald Trump and his potential pro-Bitcoin appointments have fueled optimism. Notably, candidates like Robert F. Kennedy Jr. and Pete Hegseth have been nominated for high-profile roles, while speculation surrounds the potential appointment…
Tokyo-listed Metaplanet is ramping up its Bitcoin (BTC) acquisitions with plans to issue one-year bonds to fund additional purchases, mirroring a strategy pioneered by U.S.-based MicroStrategy. The company announced on Monday via X (formerly Twitter) that it will issue 1.75 billion yen ($11.3 million) in ordinary bonds with an annual interest rate of 0.36%. The funds raised will be fully allocated to increasing its Bitcoin holdings. Strategic Move Amid Market Dynamics Metaplanet entered the Bitcoin market in April 2024, viewing the cryptocurrency as a hedge against Japan’s national debt and the yen’s volatility. Since then, the company has amassed 1,018…
As Europe prepares for sweeping cryptocurrency regulations, Dutch fintech firm Quantoz has announced the launch of EURQ and USDQ, stablecoins pegged to the euro and U.S. dollar, respectively. Backed by Kraken, Tether, and Fabric Ventures, Quantoz aims to capture a share of the European stablecoin market amid growing demand for regulatory-compliant digital assets. Regulatory Readiness and Launch Details Quantoz’s stablecoins will be issued on the Ethereum blockchain and fully backed by fiat reserves and liquid financial instruments such as government bonds. The firm holds an Electronic Money Institution (EMI) license from the Dutch Central Bank, allowing it to comply with…