James Ding 20 Aug 2024 11:10 BNB Chain welcomes new projects in DeFi, AI, Web3 games, etc. from August 6 to 19. Learn about the latest additions and unique contributions. According to the BNB Chain blog, BNB Chain announced that it will launch several new projects from August 6th to 19th, covering various fields such as DeFi, AI, Decentralized Social (DeSoc), and Web3 games. New project overview Every week, BNB Chain integrates new projects that contribute to the evolving landscape of blockchain technology. This latest update includes a variety of projects, each bringing unique…
Author: Crypto Flexs
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Bybit Supports PayPal’s PYUSD Stablecoin on Solana This move will improve blockchain interoperability. The majority of PYUSD’s market liquidity is currently on Solana. Blockchain interoperability is one of the most important developments in the cryptocurrency space, allowing users to seamlessly access the benefits of different blockchain platforms. Recently, Bybit has improved interoperability by integrating some of the most important platforms. This move also shows the growth of Solana and PAYUSD. Bybit Integrates PAYUSD Stablecoin into Solana Blockchain interoperability is constantly evolving. On Friday, August 15, Bybit integrated PayPal’s PYUSD stablecoin into the Solana blockchain ecosystem. This integration enables seamless trading…
Bitcoin (BTC) hit a weekly high on August 20. The break above $61,000 has raised expectations for a BTC price recovery.BTC/USD 1-hour chart. Source: TradingViewMacroeconomic climate could give Bitcoin a new “push”According to data from Cointelegraph Markets Pro and TradingView, Bitstamp’s local high was $61,424, with BTC/USD up 2.4% on the day.Bitcoin was in sharp contrast to its weekly opening price, and commentators analyzing the broader macro picture were bullish.In its latest market bulletin sent to its Telegram channel subscribers, trading firm QCP Capital noted that “re-leveraging” among stock traders is one factor fueling the stock rally.”Corporate stock purchases have…
that U.S. Securities and Exchange Commission Cboe BZX’s 19b-4 application denied for two potential spots. Solana brush +2.92% According to a source familiar with the situation, the ETF was pulled from the Cboe website as a result.This follows conversations between the SEC and the issuer about concerns that Solana should be considered a security, as The Block previously reported, citing other sources. This view is consistent with what the SEC has argued in court filings in several cases.The 19b-4 report is filed by the exchange (in this case, Cboe) on behalf of the issuer. Registration with the Federal Register initiates…
Jessie A Ellis 20 Aug 2024 08:36 The Hong Kong Monetary Authority has warned the public about fraudulent websites and phishing messages linked to HSBC, urging caution and providing guidance on protective measures. The Hong Kong Monetary Authority (HKMA) has issued a public warning about fraudulent websites and phishing instant messages related to The Hongkong and Shanghai Banking Corporation Limited (HSBC). According to the HKMA, this fraudulent activity has been reported and the public has been given immediate warning. Details of fraudulent activity HKMA emphasizes that HSBC will never send SMS or emails with…
Market research firm Kaiko believes tokenized Treasuries will continue to attract investors even as the U.S. Federal Reserve (Fed) is expected to cut interest rates, which can often make fixed income assets less attractive.According to the company’s Q2 market report, interest in tokenized funds continues to grow among investors seeking liquidity and stability. Kaiko explained that even with a potential rate cut, the real federal funds rate, adjusted for inflation, could remain stable or even rise. This scenario could keep Treasuries attractive relative to riskier assets as investors prioritize liquidity and safety.Increase activityAccording to Kaiko’s research, BlackRock’s on-chain tokenized fund,…
In the rapidly evolving world of cryptocurrencies, the allure of quick profits and the excitement of new technologies have captivated millions. However, as digital assets have grown in popularity, there has been an increase in scams and fraud schemes designed to exploit unsuspecting investors. For many, the aftermath of these fraudulent activities has left them vulnerable and disheartened. Crypto Reverse offers a ray of hope to those affected by adopting a multi-faceted approach to not only recover lost assets, but also to address the broader implications of digital theft.A new frontier in financial riskCryptocurrencies are a major change in the…
Rebecca Moen 20 Aug 2024 07:22 Binance will suspend deposits and withdrawals for the Injective (INJ) network during the upgrade and hard fork on August 20, 2024. Binance, one of the world’s largest cryptocurrency exchanges, has announced support for the upcoming Injective (INJ) network upgrade and hard fork scheduled for August 20, 2024. This development aims to improve the overall performance and security of the network. Upgrade Details According to Binance, the upgrade is scheduled to occur at block height 82,830,000, which is estimated to occur at approximately 15:00 (UTC) on the same day.…
The Solana exchange-traded product (ETP) was the least preferred trading product for institutional investors, with the largest outflows while the largest inflows into cryptocurrency funds. Asset manager CoinShares said in its weekly report on digital asset funds published on August 12 that crypto asset investment products saw a total of $30 million in small-scale inflows in the week ending August 16.Source: CoinSharesAccording to the report, the Solana (SOL) fund felt the impact of the market correction the hardest, experiencing $39 million in outflows from August 12 to August 16. This withdrawal was the “largest on record” for the Solana ETP.…
A prominent cryptocurrency analyst says that a competitor to Dogecoin (DOGE) could potentially mimic the same parabolic pattern that BNB printed earlier this year. Anonymous trader Immortal told his 214,000 followers on social media platform X that the mimecoin FLOKI could replicate BNB’s moves in early 2024. The trader predicts that FLOKI has a chance to move more than 160%. “Similar structure. BNB vs FLOKI.” Source: Inmortal/X Looking at the trader’s chart, it seems he is predicting that FLOKI will rally to $0.0003. At the time of writing, FLOKI is worth $0.000114. Immortal said FLOKI’s recent sponsorship deal with English…