Jessie A Ellis July 26, 2024 10:54 The Securities and Futures Commission (SFC) welcomed the appointment and reappointment of several non-executive directors. According to apps.sfc.hk, the Securities and Futures Commission (SFC) has announced the appointment and reappointment of several non-executive directors. These appointments are part of the SFC’s ongoing efforts to ensure effective corporate governance and regulatory oversight. new promise Among the newly appointed directors is John Doe, a seasoned financial professional with over 20 years of industry experience. Mr Doe’s extensive background in financial regulation and compliance is expected to provide valuable insight…
Author: Crypto Flexs
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Polymarket now takes 6% of the transaction fees on the Polygon network. However, MATIC’s price movement has not been affected by recent growth. Prediction Platform Polymarket Now it’s one of the key drivers. Polygonal Proof of Stake (POS) network transaction fees. According to recent data from Blockworks, prediction sites now account for 6% of transaction fees on the Ethereum L2 Polygon network. “This application now accounts for 6% of total transaction fees on Polygon PoS.” Source: Blockworks In fact, Dan Smith, an on-chain analyst at Blockworks, argues that the recent surge in transaction fees is due to the recent increase…
According to cryptocurrency traders, the altcoin market is currently in a “reaccumulation phase” and could move into the “second phase of the cycle” after reclaiming key support areas. “Altcoins are only up 58% since their 525-day accumulation and subsequent explosion,” independent crypto trader Mags wrote in a July 25 post on X. The accumulation phase occurs when the market bottoms and prices hit a local floor, as evidenced by the 33% drop in TOTAL2, the total market cap of all cryptocurrencies except Bitcoin, since March 11. This is characterized by a relatively stable period where investors buy when prices drop…
Hello Cryptonaires, I am Brian, your trusted cryptocurrency analyst. Today, I am excited to share with you a major development that could change the Ethereum landscape: the launch of an Ethereum ETF. Analysts predict that this could push Ethereum to unprecedented heights, potentially reaching $5,000, $10,000, or even $20,000 by the end of next year. Let me take you on a journey through this landmark event and what it means for your investment strategy. Ethereum ETF Launch: What You Need to Know As I sit here and reflect on the countless hours spent analyzing market trends and regulatory updates, I…
Company • July 26, 2024 5:14 PM EDT Posted 1 minute earlier In ~ The U.S. Securities and Exchange Commission approved a mini version of Grayscale’s Grayscale Bitcoin Trust (GBTC) on Friday.The agency specifically approved Form 19b-4 for the Grayscale Bitcoin Mini Trust. The trust, which will begin with the ticker symbol “BTC,” will be a “spinoff” of GBTC and will include new shares of the mini trust that are designed to be distributed to GBTC shareholders as GBTC contributes a certain amount of bitcoin to the trust, according to the S-1. filing Posted in March.”Accordingly, the Commission finds that…
According to cryptocurrency traders, the altcoin market is currently in a “reaccumulation phase” and could move into the “second phase of the cycle” after reclaiming key support areas. “Altcoins are only up 58% since their 525-day accumulation and subsequent explosion,” independent crypto trader Mags wrote in a July 25 post on X. The accumulation phase occurs when the market bottoms and prices hit a local floor, as evidenced by the 33% drop in TOTAL2, the total market cap of all cryptocurrencies except Bitcoin, since March 11. This is characterized by a relatively stable period where investors buy when prices drop…
Tony Kim July 26, 2024 11:49 BitMEX will be adjusting the minimum price increments for Bitcoin (XBTUSD) and Ethereum (ETHUSD) perpetual swaps starting July 31, 2024. BitMEX has announced upcoming changes to the minimum price increases for Bitcoin (XBTUSD) and Ethereum (ETHUSD) perpetual swaps. According to the BitMEX blog, these adjustments will take effect on July 31, 2024 at 04:00 UTC. Adjustment details The minimum price increment, often referred to as the tick size, is the smallest increment that the contract price can move. The changes are as follows: Permanent Swap Current minimum price…
Restaking is a key technology for truly decentralized apps. On Ethereum, re-staking is already implemented in Solana. This will enable user-friendly and decentralized apps. While blockchain networks are approaching decentralization, most decentralized applications (dApps) are not. Instead of being controlled by the community, dApps are typically controlled by token holders, often a handful of venture funds and whales. But some apps are trying to change that, leveraging restaking to secure the network. Already popular on Ethereum, the largest and most decentralized network, restaking is now coming to Solana. Why Re-Staking Matters in Solana Solana’s latest technology could enable the proliferation…
Bitcoin (BTC) rose 6% on July 26, approaching the $68,000 resistance level. Interestingly, this move coincided with increased buying pressure on US Treasuries, with US 5-year yields falling to their lowest levels since March 2024. Similarly, gold, considered the world’s largest reserve asset, rose 1.4% on July 26, approaching $2,400.US 5-year yield (left) vs. gold (right). Source: TradingViewBitcoin’s rally may seem counterintuitive given investors’ increased interest in bonds and gold, but the answer lies in the performance of tech stocks and real estate markets.Bitcoin price rises as stock market rally stalls and real estate data slumpsPart of the increased demand…
The EigenLayer Foundation has announced a rewards program that rewards stakers and operators who actively secure verified services. According to a blog post, the Ethereum (ETH) restaking protocol will also introduce a new incentive program that will provide 4% of the total supply of EigenLayer (EIGEN). EigenLayer Foundation Announces Reward Enhancement Program EigenLayer connects various restaking protocols, stakers and operators secure AVS by restaking ETH, and in return receive staking rewards. With the launch of this new initiative, it will be the first time that stakers and node operators will receive token-based rewards directly from AVS via the EigenLayer protocol.…