Author: Andrei Ionescu
Less than a year after their debut, U.S. spot Bitcoin exchange-traded funds (ETFs) have surpassed a major milestone, collectively recording over 500,000 BTC in cumulative net inflows. The achievement, reached on Wednesday, highlights the growing popularity and influence of these investment products in the cryptocurrency market. Key Figures and Milestone Details The 12 U.S. spot Bitcoin ETFs launched on January 11, 2024, have absorbed more than 2.5% of Bitcoin’s circulating supply, currently estimated at 19.8 million BTC. This equates to over 500,925 BTC in total inflows, according to K33 Head of Research Vetle Lunde. On Wednesday alone, $223.1 million flowed…
Global cryptocurrency exchange OKX has announced the launch of OKSOL, a Solana liquid staking token, on December 11, 2024. The move aims to enhance asset utilization while providing users with staking rewards. Key Features of OKSOL 1. Dual Functionality 2. Stability and Security 3. Redemption Options 4. Capital Efficiency Trading Details Two spot trading pairs, OKSOL/USDT and OKSOL/SOL, will be available: Opening Trading Restrictions To protect users from volatility during launch: This launch positions OKX to meet the growing demand for liquid staking solutions while providing a secure, flexible, and efficient experience for Solana users.
Rootdata has released its latest ranking of the top 15 Crypto + AI projects by market value, shedding light on a growing sector that bridges cryptocurrency with artificial intelligence. The projects on the list include RENDER, FET, TAO, WLD, VIRTUAL, AIOZ, AI16Z, PRIME, ROSE, GRASS, GOAT, ARKM, ACT, IO, and ATH. The Rise of Crypto + AI The intersection of cryptocurrency and AI has become a hot topic in recent months, sparking widespread discussions and controversies. These projects aim to integrate blockchain technology with AI to enhance areas such as decentralized computing, data sharing, machine learning, and tokenized AI services.…
Binance, the leading global cryptocurrency exchange, has announced the removal of three spot trading pairs as part of its regular market quality review. The delisting aims to protect users and ensure a high-quality trading environment. Trading Pairs to Be Removed Effective December 13, 2024, at 03:00 UTC, Binance will cease trading on the following pairs: Impact on Users Reasons for Delisting Binance periodically evaluates its listed pairs based on multiple factors, such as liquidity, trading volume, and market conditions. The decision to delist these pairs reflects a commitment to maintaining a robust and efficient trading market. For accurate and up-to-date…
Binance Futures has announced the launch of USDⓈ-margined perpetual contracts for four new trading pairs, offering up to 75x leverage. The new contracts will enhance the platform’s range of trading options and improve user experience. Launch Schedule The new perpetual contracts will go live on December 10, 2024, as per the following schedule: Key Features Trading Benefits These contracts provide traders with additional options to diversify their portfolios and capitalize on market opportunities, especially with the high leverage offering. Risk Note: High-leverage products amplify potential gains but also magnify risks. Traders should exercise caution, employ sound risk management practices, and…
Binance, a leading cryptocurrency exchange, has announced the launch of several new trading pairs on its Spot platform along with the activation of Trading Bot services. These updates aim to enhance trading flexibility and improve user experience. New Trading Pairs Starting on December 11, 2024, at 08:00 UTC, Binance will introduce the following trading pairs: Trading Bot Services To further improve trading efficiency, Binance will enable Trading Bot services for specific pairs, including: Important Notes This expansion aligns with Binance’s commitment to offering diverse trading options and advanced tools, ensuring users have access to a seamless and optimized trading experience.…
Key Details About Dogwifhat (WIF) Dogwifhat (WIF), launched in November 2023, is a meme-centric cryptocurrency built on the Solana blockchain. Its name draws inspiration from a viral image of a Shiba Inu dog donning a pink knitted hat. The project embraces humor and creativity, with the misspelled “wif” in its name reflecting its lighthearted and playful identity. This listing marks an opportunity for WIF enthusiasts to trade the token on one of the most recognized U.S.-based exchanges.
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.