Ted Hisokawa 24 July 2024 16:28 Injective (INJ) has launched USDM, a yield-generating stablecoin integrated with Mountain Protocol, and is strengthening the DeFi ecosystem with tokenized treasury bonds. Injective (INJ) announced an integration with Mountain Protocol, bringing the first native yield-generating stablecoin USDM to the ecosystem. According to the Injective blog, the collaboration aims to improve the decentralized finance (DeFi) landscape by giving users the ability to utilize USDM in a variety of decentralized applications (dApps) and earn yields on Treasury bonds. What is Mountain Protocol? Mountain Protocol, the issuer of USDM, is backed…
Author: Crypto Flexs
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Franklin Templeton, one of the first firms to issue a Bitcoin exchange-traded fund (ETF) in the United States, is bullish on more cryptocurrency ETFs, including Solana’s product.“Beyond Bitcoin and Ethereum, there are other exciting and important developments that I believe will drive the crypto space forward,” Franklin Templeton wrote in a July 23 post to X. The post added:”Solana has demonstrated mainstream adoption and continues to mature while overcoming technical growing pains and highlighting the potential of a high-throughput monolithic architecture.”Franklin Templeton’s Spot Ethereum ETF Launches on CBOEThe day Franklin Templeton released its statement on a potential Solana (SOL) ETF…
Bitcoin saw a brief rally at the Wall Street open on July 24, as a popular analyst predicted a “tug-of-war” on exchanges.BTC/USD 1-hour chart. Source: TradingViewBitcoin ‘retreat’, core support remainsBitcoin (BTC) price is up about 1% on the day, targeting $67,000, according to data from Cointelegraph Markets Pro and TradingView.Despite the decline that some had expected, the major support level at $65,000 and the short-term holder realization price at $65,110 held.Source: Rect CapitalThe latter level, monitored by on-chain analytics platform Glassnode, represents the total cost base of Bitcoin speculators and has recently recovered to support levels that had been briefly…
According to a recent report from CoinShares, Ethereum (ETH) saw increased inflows last week, surpassing Solana (SOL) inflows in 2024, coinciding with its imminent launch. Exchange Listed Fund (ETF) allows regulated investment in the second-largest cryptocurrency by market cap in the United States. ETH dominates inflows that much report Ethereum has seen strong momentum over the past month, with inflows reaching $45 million last week, pushing it to over $103 million this year, surpassing Solana’s year-to-date (YTD) inflows. However, Solana saw inflows of $9.6 million during the same period, lagging behind Ethereum with a YTD total of $71 million. inflowAmong…
Options traders now expect greater price volatility in Bitcoin compared to Ether, indicating that short-term market sentiment may be shifting in favor of Bitcoin. After the highly anticipated Ethereum spot exchange listed fund (ETF) trading (ETF) launched on Tuesday, but the expected market surge did not materialize. Over the past 24 hours, Ethereum Ethereum -1.51% As of this writing, it is down 1.4% and is currently trading at $3,455. The pricing page of the block. QCP Capital analysts observed that Bitcoin options now have higher implied volatility than Ether options, meaning that greater price volatility for BTC is expected in…
Cryptocurrency investors who suffered losses due to the 2022 Terra Luna incident may be able to claim a refund. The insolvent fintech company has tentatively announced a cryptocurrency loss limit date. TerraForm, which was fined $4.5 billion by the SEC, has less than $100 million in known assets. The Terra Luna crash was a disaster that has been lingering in the crypto space for over two years. The collapse of Terra Luna’s ecosystem in May 2022 triggered a tsunami of liquidations across the crypto space, originating from small and professional traders, crypto hedge funds, and crypto-collaborators.The nightmare appears to be…
Tony Kim 24 July 2024 13:27 Binance has announced tick size adjustments for several USDⓈ-M perpetual futures contracts to improve market liquidity and user experience. Binance, one of the major cryptocurrency exchanges, has announced a tick size adjustment for several USDⓈ-M perpetual futures contracts. According to Binance, these changes will take effect on July 25, 2024 at 06:30 (UTC). Purpose of adjustment The main purpose of this adjustment is to increase market liquidity and improve the overall trading experience for users. Binance has clarified that the change in tick size, which represents the minimum…
This week has not been kind to the crypto markets, as they continue to trend bearish. Financial markets have remained uncertain since Biden’s surprising loss in the presidential election. Even the most stable cryptocurrencies like Bitcoin and Ethereum are gradually losing their value. Despite the difficulties, the rising meme coins have captured the attention of traders around the world. However, their rise is not expected to continue as a dominant force in the market. Introducing a daily updated overview of the cryptocurrency industry. Bitcoin After a week of continuous growth, Bitcoin has stabilized and is currently slightly declining in value.…
Bitcoin Bitcoin -0.17% Rewards app Fold has reached an agreement to merge with FTAC Emerald Acquisition Corp., a Nasdaq-listed special purpose acquisition company backed by Cohen Circle, in a move that would make Fold a publicly traded company.Fold allows users to earn Bitcoin cashback on everyday purchases at retailers like Amazon, Uber, and Starbucks. It also offers a debit card that rewards Bitcoin for transactions, and users can spin a rewards wheel to earn additional Bitcoin. Integrated with the Bitcoin Lightning Network, Fold also includes features like recurring Bitcoin purchases, earning Bitcoin for bill payments like mortgages and rent, rounding…
According to a popular cryptocurrency trader, one of Ethereum’s (ETH) competitors will likely be closely following Solana’s (SOL) recent surge. An analyst with the pseudonym Immortal told his 214,500 followers on social media platform X that smart contract platform Avalanche (AVAX) is “tracking SOL with muscle memory.” The trader shares two charts to show the same price pattern in SOL and AVAX. Source: Inmortal/X The trader also noted that AVAX has entered its “final setup” and is currently targeting $42. Source: Inmortal/X Looking at the trader’s chart, it seems he is predicting that AVAX will bounce after reclaiming the key…