Author: Andrei Ionescu
Binance has announced its support for the Wise Monkey (MONKY) airdrop, which will reward holders of FLOKI (FLOKI) and ApeCoin (APE) with MONKY tokens. Airdrop Details and Eligibility Snapshot Dates: Airdrop Ratios: Eligibility Criteria: Technical Details and Timeline MONKY Listing on Binance Supporting this airdrop does not guarantee that MONKY will be listed on Binance. The token will go through Binance’s rigorous listing review process before any trading decision is made. Binance reaffirmed its commitment to handling all technical requirements for users participating in the airdrop, ensuring a seamless process for eligible holders.
OKX announced plans to delist two trading pairs, GFT/USDT and GFT/USDC, as part of its routine review to maintain a robust trading environment. The delisting will take place between 9:00 am and 9:30 am UTC on December 3, 2024. Key Details on the Delisting Execution Time: Asset Consolidation: Deposit and Withdrawal Suspension Managing Untradable Assets Once delisting is complete, users can access their GFT holdings under Assets > Funding > Untradable assets. Commitment to a High-Quality Trading Environment OKX stated that it remains committed to monitoring all trading pairs and applying its delisting and hiding guidelines when necessary to ensure…
The United States could see rapid progress in cryptocurrency regulation under President-elect Donald Trump, according to Faryar Shirzad, Coinbase’s Chief Policy Officer. Shirzad expressed optimism about crypto-friendly legislation advancing quickly once Trump takes office in January, supported by a Republican-controlled Congress. Pro-Crypto Momentum in Washington Shirzad highlighted Trump’s strong pro-crypto stance and the GOP’s majority in both the House of Representatives and the Senate as pivotal for advancing legislation. “We have the most pro-crypto Congress ever [in] history, and we have an extraordinarily pro-crypto president coming into office,” Shirzad said at a U.K. event hosted by the Coinbase-backed advocacy group…
Spot cryptocurrency trading reached new heights in November, with monthly trade volume across exchanges hitting $2.71 trillion, the highest level since May 2021. This figure more than doubled October’s $1.14 trillion volume, underscoring a resurgence in market activity. Key Players and Market Trends Data from The Block revealed that Binance accounted for approximately 36% of November’s volume, processing over $986 billion. Other major players included Crypto.com, Upbit, and Bybit, each surpassing $200 billion in monthly trade volume. Significant growth was observed across regions, highlighting a global surge in trading activity. Bitcoin and Ethereum futures also saw remarkable growth. Bitcoin futures…
Matrixport, a leading digital asset platform, has released a report highlighting the potential impact of U.S. President-elect Donald Trump’s cabinet appointments on the cryptocurrency industry. Trump has nominated three key figures to lead the Treasury Department, the Commerce Department, and the Securities and Exchange Commission (SEC), all of whom are reportedly crypto-friendly and recognize the inevitability of digital assets in modern finance. Crypto Integration into U.S. Economy According to Matrixport, if these nominations are confirmed, the U.S. could see an accelerated integration of cryptocurrency into its economic framework. The 2024 narrative of “Bitcoin as digital gold” may evolve into a…
OKX, the second-largest offshore cryptocurrency exchange, has published its 25th proof of reserves, revealing notable increases in user and platform assets. The snapshot, taken on November 13, highlights robust growth across Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) holdings. Key Highlights BTC Holdings: User Bitcoin assets increased by 1.87% compared to the last snapshot on October 8.ETH Holdings: Ethereum holdings saw a significant rise of 7.90% during the same period.USDT Holdings: Tether assets surged by an impressive 15.37%.Total Reserves: OKX now holds $26.611 billion in reserve assets, marking a monthly increase of $1.883 billion. Commitment to Transparency OKX continues to…
The once-booming momentum of memecoins has slowed considerably since mid-November, with price data suggesting a shift in market dynamics. Meanwhile, decentralized finance (DeFi) tokens have surged in popularity, buoyed by renewed investor interest and positive sentiment. Memecoin Market Stalls The GMCI Memecoin Index, which tracks the performance of top meme tokens by market capitalization, has remained stagnant over the past few weeks. The index currently stands at 508.5, fluctuating around the 500 mark since mid-November. This comes after an impressive rally earlier in the month, when the index jumped from 274.5 on November 1 to 523.5 by mid-November. “The memecoin…
MARA Holdings, the world’s largest publicly traded bitcoin miner, has significantly expanded its cryptocurrency reserves by purchasing 6,474 bitcoin worth approximately $615 million. This acquisition brings the company’s total bitcoin holdings to 34,794 BTC, valued at nearly $3.3 billion, according to its latest announcement. Details of the Acquisition MARA stated it plans to allocate approximately $199 million from the raised funds to repurchase existing convertible notes due in 2026. The remaining proceeds, approximately $160 million, are earmarked for further bitcoin acquisitions and corporate initiatives. Market Impact and Stock Performance Broader Market Context Challenges and Outlook While MARA has been aggressively…
Japanese-listed company Metaplanet, often compared to U.S.-based MicroStrategy for its significant focus on Bitcoin, announced plans to raise up to 9.5 billion yen (approximately $62 million USD). The funds will be used to further accelerate Bitcoin accumulation, cementing its position as one of the largest corporate holders of the cryptocurrency. The company revealed its fundraising strategy involves issuing floating exercise price stock subscription rights, a financial instrument allowing flexibility in subscription pricing. This mechanism is expected to appeal to investors looking to capitalize on Bitcoin’s upward momentum. Current Bitcoin Holdings Metaplanet disclosed that its total Bitcoin holdings have reached 1,142.287…
Cryptocurrency exchange XT.com has suspended withdrawals on its platform following reports of a suspected $1.7 million hack. The exchange announced the suspension on November 28, attributing it to “wallet upgrade and maintenance.” Hack Allegations and Response Shortly after the announcement, blockchain security firm PeckShield reported an “abnormal transfer” from XT.com wallets, suggesting a potential breach. The exchange later acknowledged the issue, stating there had been an “abnormal transfer of platform wallet assets,” but it has not yet confirmed the incident as a hack. XT.com reassured users that their assets are secure, noting the platform “maintains reserves 1.5x greater than user…