Author: Andrei Ionescu

BlackRock’s IBIT Spot Bitcoin Exchange-Traded Fund (ETF) has reached a major milestone, surpassing 500,000 BTC (approximately $48 billion) in assets under management (AUM). The achievement comes less than a year after its debut on January 11, making it one of the fastest-growing ETFs in history. As of November 29, IBIT held 496,854 BTC, according to the fund’s latest disclosures. A single-day net inflow of $338.3 million (approximately 3,526 BTC) on Monday pushed its total holdings to 500,380 BTC, according to data from K33. Rapid Accumulation and Market Impact “This is unprecedented growth,” said Vetle Lunde, Head of Research at K33.…

Binance, one of the world’s largest cryptocurrency exchanges, has announced the addition of new trading pairs and enhanced trading bot services on its Spot platform, effective December 4, 2024. New Trading Pairs To broaden its range of trading options and improve user experience, Binance will open trading for the following pairs at 8:00 AM UTC on December 4: Expanded Trading Bots Services Binance will also roll out trading bot functionalities to optimize trading strategies across various pairs: Fiat Clarification The exchange clarified that BRL (Brazilian Real) and EUR (Euro) represent fiat currencies and are not digital assets. This update aligns…

Chainlink’s native token, LINK, soared by 29% on December 3, as supporters positioned it as the genuine “bank coin,” drawing comparisons with XRP. The surge pushed LINK to a high of $25.32, up from $16.54 a week earlier, representing a 53% gain over seven days. The rally follows a series of developments in Chainlink’s ecosystem and renewed debates within the crypto community regarding LINK’s role in connecting blockchain networks with traditional financial systems. LINK Gains Momentum Amid Comparisons to XRP LINK’s rise coincided with a notable rally by XRP, which recently climbed to $2.46 before retreating. XRP’s surge came as…

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…