Author: Andrei Ionescu
Binance Futures announced it will introduce a USDⓈ-Margined 1000CATUSDT Perpetual Contract on October 21, 2024, at 12:30 (UTC), offering traders up to 75x leverage. The new listing aims to enhance users’ trading experience and broaden the range of futures products available on the platform. Key Contract Features The 1000CATUSDT contract will allow users to trade at high leverage, with USDⓈ-margin requirements. Binance noted that the Multi-Assets Mode will be available for the new contract, enabling users to use other assets—such as BTC—as margin, subject to applicable asset haircuts. Adjustable Trading Conditions Binance reserves the right to modify the specifications of…
Legal & General (L&G), a prominent UK-based pension and investment management firm overseeing $1.5 trillion in assets, is preparing to enter the growing world of blockchain-based tokenization, following the footsteps of other traditional finance leaders like BlackRock, Franklin Templeton, and Abrdn. Tokenization Trend Gains Momentum Tokenization refers to the process of representing traditional assets such as money-market funds backed by U.S. Treasuries via blockchain-based tokens. The financial industry has increasingly embraced tokenization for its potential to improve efficiency, reduce costs, and expand access to new investor groups. BlackRock’s BUIDL fund on the Ethereum blockchain is one prominent example, and other global financial institutions such as State Street and Franklin Templeton have launched…
Bitcoin is on the cusp of breaking the $70,000 barrier as investors closely monitor the upcoming U.S. presidential election, now just two weeks away. Early Monday in Asia, Bitcoin surged to a high of $69,450 before easing to $68,768 by 11:30 a.m. in Hong Kong. “The $70,000 mark represents a significant psychological resistance point, aligning closely with Bitcoin’s all-time high of over $73,700 set in March this year,” said Min Jung, an analyst at Presto Research. Election Uncertainty Boosts Bitcoin Sentiment The looming November 5th presidential election is driving attention toward Bitcoin, which has become a mainstream political issue. “For…
Upbit, one of the world’s most trusted digital asset exchanges, announced that it will list Cat in a Dog’s World (MEW) on its KRW market starting October 21, 2024, at 4:00 PM (KST). MEW Listing Details Important: Users must ensure they select the correct network (MEW-Solana) for deposits. Transfers using networks not supported by Upbit will not be processed, potentially leading to significant delays in returning the funds. Trading Restrictions Previous Day’s Closing Price (BTC Market)BTC ValueKRW EquivalentMEW0.00000013 BTC12.21 KRW About MEW MEW, short for Cat in a Dog’s World, is a meme coin issued in March 2024 on the…
Singapore-based DBS Bank has introduced a new suite of tokenized banking services aimed at helping institutional clients optimize liquidity management, streamline workflows, and enhance business resilience. The DBS Token Services will provide real-time payment settlements using a permissioned blockchain that is Ethereum Virtual Machine (EVM)-compatible. This blockchain integrates with DBS’s core payment engine and multiple industry payment networks, offering clients access to faster, more efficient payment solutions. Permissioned Blockchain for Compliance and Control Unlike open blockchains, permissioned blockchains grant the creator more control over who can access or interact with the network, making them suitable for businesses and governments. According…
Plasma Network has raised $3.5 million in a funding round led by Bitfinex to enhance access to Tether’s USDT stablecoins on Bitcoin. The round also saw participation from high-profile investors, including Christian Angermayer, and venture firms such as Split Capital, Anthos Capital, Karatage, and Manifold Trading. This initiative aims to reintroduce USDT to Bitcoin after the Omni Layer—a Bitcoin-based platform that supported USDT—was discontinued in 2023. Bridging Bitcoin and Ethereum for Stablecoin Payments Plasma will launch as an Ethereum Virtual Machine (EVM)-compatible sidechain, allowing Ethereum-compatible smart contracts to run seamlessly while settling transactions on Bitcoin. This solution aims to maintain…
Binance has announced the addition of Lumia (LUMIA) to multiple services, expanding its availability across the Binance ecosystem. Below are the specific rollout schedules and features: LUMIA Rollout Details Earn Buy & Sell Crypto Convert Margin Trading With this integration, Binance aims to provide users with more ways to engage with LUMIA across earn products, crypto purchases, trading, and margin.
Global cryptocurrency exchange Binance has announced it will end Scroll (SCR) Pre-Market trading on October 21, 2024, at 09:00 (UTC) and officially list the token for spot trading on October 22, 2024, at 08:00 (UTC). New Spot Trading Pairs for SCR The following trading pairs will be introduced: The deposit address for SCR is now available, allowing users to start depositing the token from October 21, 10:00 (UTC) in preparation for trading. Withdrawals will open on October 23, 2024, at 08:00 (UTC). Key Listing Details The seed tag will be applied to the SCR listing, indicating that the token is…
Kraken, one of the largest crypto exchanges, has launched kBTC, a wrapped bitcoin (BTC) token. The token will initially be available on Ethereum and OP Mainnet, with 1:1 backing by bitcoin held in Kraken’s custody. kBTC: Bringing Bitcoin to DeFi Wrapped tokens like kBTC allow cryptocurrencies such as bitcoin and ether (ETH) to be used in decentralized finance (DeFi) ecosystems that typically run on other blockchains. With kBTC, Kraken aims to accelerate DeFi adoption, enabling BTC holders to trade, lend, and borrow on DeFi platforms without the need to sell their holdings. Mark Greenberg, Kraken’s global head of asset growth and management, commented: “We believe in an…
Ethereum co-founder Vitalik Buterin has outlined a long-term vision to achieve 100,000 transactions per second (TPS) across Ethereum’s Layer 1 (L1) and Layer 2 (L2) networks. Buterin detailed this goal in a blog post on Thursday, emphasizing that the rollup-centric scaling roadmap will remain central to Ethereum’s strategy but will require further refinements. “The Surge” and the Path Ahead Buterin described the upcoming phase of the roadmap as “The Surge,” which focuses on completing the rollup-based scaling vision while maintaining robustness, decentralization, and security at the L1 level. “Our task is to bring the rollup-centric roadmap to completion and solve…