Binance, a leading cryptocurrency exchange, announced its decision to delist several spot trading pairs in order to maintain a high-quality trading market. This measure, effective from 14 June 2024, is based on regular reviews assessing factors such as: liquidity Trading volume according to Binance. Affected Trading Pairs From 03:00 on June 14, 2024 (UTC), the following trading pairs will be removed: ALPACA/BTC, MDX/BTC, NFP/TUSD, QUICK/BTC and XAI/BNB. This decision is part of Binance’s ongoing efforts to protect users and ensure the integrity of its trading platform. Impact on Users Users should be aware that spot…
Author: Crypto Flexs
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At the XRP Ledger Community Summit (#XRPL Apex) held in Amsterdam from June 11-13, 2024, Ripple CEO Brad Garlinghouse revealed the name of Ripple’s new stablecoin, $RLUSD. Garlinghouse expressed his affection for the name, saying, “I like to call it Real USD… Ripple USD.” This development (…)
Share this article Symbiotic, a new re-staking protocol, has officially launched and announced a $5.8 million seed funding round led by prominent cryptocurrency investors Paradigm and Cyber.Fund. This represents a strong endorsement of Symbiotic’s vision of creating a permissionless, modular framework that allows networks to customize re-staking. avatar.Crypto Briefing previously reported that Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov were secretly funding Symbiotic along with venture capital firm Paradigm. This protocol is a direct competitor to EigenLayer, although there are key differences in terms of security model. In particular, Symbiotic allows the use of a variety of ERC-20 tokens and…
ProShares filed an S-1 registration statement for its spot Ethereum ETF on June 11, confirming and expanding the roles of various fund participants.According to the filing, Coinbase Credit will act as the company’s trade credit lender, allowing it to borrow Ethereum (ETH) and cash for certain transactions that exceed the transaction balance.The Bank of New York Mellon acts as transfer agent, processing purchase and redemption orders and maintaining records of ownership of the Funds.The filing also details previously disclosed roles, including BNY Mellon’s role as administrator and cash custodian, Coinbase Custody’s role as Ethereum custodian, Coinbase Inc.’s role as principal…
Bitcoin (BTC) returned to the $67,500 level on June 12 after a rout among cryptocurrencies triggered massive exchange withdrawals.BTC/USD 1-hour chart. Source: TradingViewTraders not surprised by weak BTC price actionData from Cointelegraph Markets Pro and TradingView shows BTC prices stabilizing as markets brace for US macroeconomic events.Bitcoin fell to $66,000 in consecutive days the previous day, which led to long-term liquidations totaling more than $50 million, per data from monitoring resource CoinGlass.Liquidating BTC (screenshot). Source: CoinglassThis event was consistent with a pattern previously seen before the Federal Reserve meets on interest rates, the latest to be released that day with…
A cryptocurrency analyst known for making timely Bitcoin calls believes that BTC is set to make a final correction before exploding to new record highs. pseudonymous analyst Bluntz told his 261,200 followers on social media platform X that Bitcoin appears to be forming a bull pennant pattern on the three-day chart. According to analysts, BTC could see a decline close to $60,000 to set the stage for a rally above $80,000. “At the moment, we are leaning toward some degree of BTC consolidation. I think it makes the most sense, but what’s more worrying is that Alts are collapsing and…
Solana extended losses below the $150 support area. SOL price is consolidating and may recover once it breaks out of the $152.50 resistance area. SOL prices fell further and were even trading below $150 against the US dollar. The price is currently trading below $160 and the 100-hour simple moving average. The hourly chart of the SOL/USD pair has a bearish trend line connected to it, forming at $150 resistance (data source from Kraken). The pair could clear the $152.50 resistance to start a short-term recovery wave. Solana Price Eyes Recovery Solana’s price remained in a bearish region for a…
join us telegram A channel to stay up to date on breaking news coverage Ethena price prediction resumes its decline after reaching a daily high of $0.728, but buying interest may increase as it approaches $0.730. Ethena (ENA) price prediction amid falling cryptocurrency fear and greed index ENA fell for eight straight days, setting a record for its longest losing streak. On Tuesday, it fell to a low of $0.07400, marking the lowest level since May 20. The cryptocurrency has lost more than half its value since its peak earlier this year. Ethena forecast statistical data: Current Ethena price –…
Hong Kong’s finance minister said the spot subscription and redemption functions of the city’s six spot cryptocurrency exchange-traded funds provide more flexibility for investors as the city continues its efforts to become a regional cryptocurrency hub.Financial Services and Finance Minister Christopher Hui touted Hong Kong’s web3 policy during a visit to several European forums last week in a blog post published on Tuesday, adding that the government has implemented a series of regulations on cryptocurrencies and tokenization. Yes. .“In terms of product innovation, the first of six virtual asset spot ETFs in Asia was listed in Hong Kong last April.…
Raoul Pal, CEO of Real Vision, claims that about two-thirds of net inflows into physical Bitcoin exchange-traded funds (ETFs) could come from arbitrage. “If this is correct, it means the majority of ETF flows are just arbitrageurs and retail is not yet the primary driver,” Pal said in a June 11 post, referring to data presented by cryptocurrency analyst and MV Capital partner Tom Dunleavy. said. .Data shows that the ‘top 80 holders’ of US-based spot Bitcoin (BTC) ETFs were hedge funds, which raise funds from a variety of institutional and individual investors.Source: Raoul PalAccording to Farside Investors data, 80…