Author: Andrei Ionescu
OKX has announced the upcoming launch of Simons Cat (CAT) on its platform, detailing the timeline for deposits, trading, and withdrawals. Launch Schedule Project Overview Simons Cat (CAT) is a meme coin inspired by the popular British animated series Simon’s Cat, created by Simon Tofield. The token aims to strengthen the brand’s presence in the Web3 space while supporting global initiatives for cat feeding and rescue programs. The new listing aims to attract both crypto enthusiasts and fans of Simon’s Cat, combining meme culture with meaningful real-world initiatives. Investors and traders interested in the CAT/USDT pair are encouraged to participate…
Binance Futures has announced the launch of the MOODENGUSDT perpetual contract, set to go live on October 25, 2024, at 10:00 (UTC). The new USDⓈ-margined contract will offer traders the opportunity to leverage their positions up to 75x. Key Details of MOODENGUSDT Perpetual Contract Funding Rates and Adjustments Multi-Assets Mode Support The Multi-Assets Mode will allow traders to use multiple margin assets for trading the MOODENGUSDT perpetual contract. For instance, users can utilize BTC as margin when engaging in MOODENGUSDT trades. This launch broadens Binance’s trading options and caters to users seeking diverse instruments and high-leverage opportunities. As always, traders…
In its latest weekly report, Matrixport emphasizes that the ongoing demand for bitcoin (BTC) and gold is driven by two major macroeconomic forces: the efforts by central banks to reduce reliance on the U.S. dollar and the rapid rise in sovereign debt levels. The report projects that these dynamics will continue to fuel the long-term growth of both assets, encouraging investors to consider including them in their portfolios. Strong Performance in 2024 So far in 2024, bitcoin and gold have significantly outperformed traditional assets. Bitcoin has surged 59% this year, while gold is up 31%, exceeding returns from bond ETFs…
The SOL/ETH pair on Binance has extended its impressive winning streak, rising over 15% since October 1. However, technical indicators now suggest the rally may have gone too far, signaling possible short-term corrections. SOL/ETH Pair Overbought on Strong Solana Momentum After recording gains for four consecutive months, the SOL/ETH spot pair set a new high of 0.069 ETH on Wednesday. The rise follows a surge in Solana network activity, driving renewed interest in the cryptocurrency. However, the 14-day Relative Strength Index (RSI)—which measures the speed and magnitude of price movements has climbed above 70, indicating overbought conditions. The RSI is…
The Aragon Association has announced plans to dissolve its operations, offering all Aragon (ANT) holders the opportunity to redeem their tokens for ETH at a fixed rate of 0.0025376 ETH per ANT. In line with the dissolution process, Binance will facilitate the ETH redemption for ANT holders with balances on the platform after October 27, 2024, 23:59 (UTC). Redemption Process Timeline Users unwilling to participate in the redemption must withdraw their ANT tokens before October 27, 2024, 23:59 (UTC). After this deadline, withdrawals of ANT will be unavailable, and users will automatically enter the redemption process. Important Notes for Users…
Japanese investment firm Metaplanet Inc. has raised 10 billion yen ($66 million) through a stock rights offering as part of its strategy to bolster bitcoin investments. The company disclosed on Wednesday that 13,774 shareholders participated in the 11th stock acquisition rights plan, allowing them to purchase shares at a discounted price. The subscription period ran from September 6 to October 15, with the total amount raised strengthening the firm’s financial position for future investments. Bitcoin-Centric Investment Strategy While the official filing did not detail specific plans for the new funds, Metaplanet has been actively increasing its bitcoin reserves since May,…
Bitcoin’s mining difficulty surged by 3.9% to a new all-time high of 95.67 trillion terahashes (T) on Tuesday, according to data from Glassnode. The increase reflects rising competition within the mining industry, which has been supported by record levels of hashrate and higher mining revenue—indicators that suggest a potential bitcoin bull run may be on the horizon. Mining Difficulty and Hashrate Reach New Highs Bitcoin’s mining difficulty, which determines how hard it is to mine a new block, has increased 27% so far this year, rising from 72T to 95.67T. Out of 22 difficulty adjustments in 2024, 13 have been…
Spot bitcoin exchange-traded funds (ETFs) in the U.S. experienced a shift to net outflows on Tuesday, ending a seven-day run of inflows that had drawn in over $2.67 billion. According to SoSoValue data, 12 spot bitcoin ETFs recorded a total net outflow of $79.09 million. The outflows were driven entirely by Ark and 21Shares’ ARKB, which saw $134.74 million leave the fund. Fund Performance Breakdown Tuesday’s $79 million in net outflows reduced the cumulative inflows across the 12 bitcoin ETFs to $21.15 billion. Trading volume for these ETFs also declined, falling to $1.4 billion from $1.76 billion on Monday. The…
Binance has announced it will delist and cease trading for several digital assets as part of its routine evaluation process to ensure listed assets meet high industry standards. The delisting will take effect on November 6, 2024, at 03:00 (UTC). Tokens to Be Delisted Delisting Process and User Impact Why Binance is Delisting These Assets Binance reviews assets based on several key factors, including: The decision reflects Binance’s ongoing efforts to protect users and maintain market integrity by adapting to changing industry dynamics. Users are advised to check their accounts and ensure they have withdrawn or reallocated any affected holdings…
Avalanche has announced the launch of the Avalanche Card, offering users the ability to spend WAVAX, USDC, sAVAX, and other digital assets wherever Visa is accepted. Key Features of the Avalanche Card: The initiative aims to make cryptocurrency more accessible for everyday use, bridging the gap between digital assets and traditional payment systems. Join the Waitlist Today Users are invited to join the waitlist and be among the first to access the Avalanche Card. Full terms and conditions can be found through the link provided by Avalanche. This launch reflects Avalanche’s commitment to expanding its ecosystem and delivering innovative solutions…