Author: Andrei Ionescu
Iran is moving to regulate cryptocurrencies instead of imposing limitations, as the government seeks to embrace the benefits of digital assets, according to Minister of Economic Affairs and Finance Abdolnaser Hemmati. Key Highlights New Regulatory Framework The Central Bank of Iran released a document summarizing upcoming cryptocurrency regulations, as reported by state-run Nour News. The framework aims to: Crypto’s Growing Role in Iran Economist Mohammad Sadegh Alhosseini estimates that Iranian investors currently hold between $30 billion and $50 billion in crypto assets—equivalent to approximately one-third of Iran’s gold market. This highlights the growing significance of digital currencies in the country’s…
South Korea’s largest cryptocurrency exchange, Upbit, has announced plans to list Movement (MOVE) on December 9 at 20:00 KST. The listing will feature trading pairs in KRW, BTC, and USDT, providing users with multiple options to trade the token. What Is Movement (MOVE)? Movement is an Ethereum Layer 2 solution designed to enhance scalability and transaction efficiency. It supports both MoveVM and EVM transactions, offering compatibility with Ethereum’s ecosystem while enabling faster and more cost-effective operations. Key Listing Details Market Significance The listing of MOVE on Upbit highlights the growing demand for Ethereum Layer 2 solutions in the cryptocurrency market,…
Binance Futures announced plans to delist the USDⓈ-M MAVIAUSDT, OMGUSDT, and BONDUSDT perpetual contracts. The delisting will occur following an automatic settlement at 09:00 (UTC) on December 16, 2024, marking the removal of these contracts from the platform. Key Details of the Delisting Impact on Arbitrage Strategies Binance’s Funding Rate Arbitrage Bot will also adjust to the delisting: User Advisory Binance encourages all users to manage their positions and arbitrage strategies proactively to avoid unexpected losses during the automatic settlement process. For more details and updates, visit Binance’s official announcements.
California-based healthcare company Semler Scientific has significantly increased its bitcoin holdings, purchasing an additional 303 BTC for $29.3 million between November 25 and December 4. This latest acquisition brings the Nasdaq-listed firm’s total bitcoin treasury to 1,873 BTC, valued at approximately $184 million at current market prices. Details of the Purchase Bitcoin Strategy and Performance Semler’s chairman, Eric Semler, highlighted the success of the firm’s bitcoin strategy, reporting a 78.7% BTC yield since the approach was adopted in the third quarter. “Our BTC yield demonstrates the strong performance of our bitcoin strategy, which continues to enhance value for shareholders,” said…
Following Bitcoin’s historic surge past $100,000 this week, Standard Chartered has forecasted that the cryptocurrency’s price could double by the close of 2025. Analyst Geoff Kendrick shared the optimistic outlook in a note on Thursday, citing strong institutional adoption as a key driver for the predicted growth. Price Target: $200,000 Kendrick outlined that Standard Chartered’s $200,000 price target for Bitcoin is “achievable,” particularly with continued institutional interest. “We would turn even more bullish if BTC saw rapid uptake by U.S. retirement funds, global sovereign wealth funds (SWFs), or even a potential U.S. strategic reserve fund,” Kendrick noted. He added that…
Bankrupt cryptocurrency exchange Mt. Gox transferred nearly 24,000 BTC, valued at approximately $2.4 billion, to an unidentified wallet address late Wednesday, according to data from Arkham Intelligence. The recipient, an unmarked wallet identified as “1N7jW…1u8Yp,” received 24,051.75 BTC from Mt. Gox’s cold storage, marking the first significant transfer from the defunct exchange since November 12. Uncertain Implications for Creditors It remains unclear whether the latest transfer is connected to Mt. Gox’s planned repayment of creditors. Historically, similar large transfers have preceded repayments facilitated through centralized exchanges like Bitstamp and Kraken. Earlier this year, the exchange postponed its repayment deadline from…
December 3 marked another strong day for cryptocurrency spot exchange-traded funds (ETFs), with Bitcoin and Ethereum ETFs recording significant net inflows. Bitcoin ETFs Maintain Momentum Ethereum ETFs Extend Growth Streak Market Context The continued inflows into Bitcoin and Ethereum spot ETFs highlight growing confidence among institutional and retail investors in regulated crypto investment products. Both Bitcoin and Ethereum prices have experienced upward trends, further fueling interest in these ETFs. With BlackRock and Fidelity leading the market, analysts view these sustained inflows as a sign of increasing mainstream adoption of cryptocurrencies through traditional financial instruments. The consistent growth across Bitcoin and…
In a significant market move, Binance’s exchange token, BNB, has surged by approximately 20% in the past 24 hours, according to data from CoinGecko. This impressive rally has pushed BNB’s market capitalization ahead of Solana’s SOL, securing its position as the fifth-largest cryptocurrency. As of the latest data, BNB’s price has reached a record high of $776, reflecting strong investor interest and renewed confidence in the Binance ecosystem. The price increase highlights the ongoing demand for exchange-based tokens, which have gained traction as integral components of their respective platforms’ operations. The leap in BNB’s value comes amid broader market volatility,…
Binance Futures has announced the launch of two new USDⓈ-margined perpetual contracts: KAIAUSDT and AEROUSDT, offering traders leverage of up to 75x. These contracts aim to expand the platform’s trading options and provide enhanced flexibility for users. Launch Details Traders can verify the contract details through the following addresses: Key Features Risk Management Binance may adjust contract specifications, including leverage, tick size, and margin requirements, in response to market conditions to ensure a secure trading environment. This latest addition reinforces Binance Futures’ commitment to diversifying trading instruments and catering to the evolving needs of its global user base.
Binance.US has officially announced the listing of Pepe (PEPE), a meme-inspired cryptocurrency, on its platform. Deposits for PEPE on the Ethereum network are now open, with trading for the PEPE/USDT pair set to begin on December 5, 2024, at 3 a.m. PST / 6 a.m. EST. Pepe (PEPE) is a digital asset built on the Ethereum blockchain and inspired by the widely recognized internet meme character, Pepe the Frog. Launched as an ERC-20 token, PEPE has gained substantial traction among crypto enthusiasts, driven by its strong social media presence and an active community. The addition of PEPE to Binance.US marks…