Binance Introduces New USDⓈ-M Contract for Futures Copy TradingBinance, a giant cryptocurrency exchange, announced the addition of a new USDⓈ-M contract to its futures copy trading platform. The new contract was introduced on 14 May 2024 at 08:00 (UTC).What is Binance Futures Copy Trading?Binance Futures Copy Trading is a unique platform that allows users to copy the portfolios of experienced traders in real time. Once the user decides on the investment amount, the system automatically replicates the trade from the selected lead trader’s portfolio. This innovative feature gives novice traders the opportunity to become familiar…
Author: Crypto Flexs
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If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportTraders who were lucky enough to buy into the latest meme stock craze early are reaping huge profits. Unusual Whales, which tracks transaction data, Posted Twitter featured the activities of a trader who invested $27,000 in call contracts on April 24 when the option price was $0.21 per pop. The contract amount later reached a record high of $13.63. This means a 6,400% return on investment, turning $27,000 into $2…
The number of ADA whales holding between 100 and 1 billion coins has increased in the last month. However, the price of ADA is still suffering due to bearish sentiment. Whale activity in Cardano (ADA) has seen a significant resurgence in the past month. Into the Block. Information from on-chain data providers shows that the number of ADA whales holding between 100 million and 1 billion ADA coins has increased by 29% over the past 30 days. Source: IntoTheBlock However, due to the overall market decline last month, ADA’s surge in whale activity has not had an impact on prices.…
Cryptocurrency investment product I saw According to CoinShares, inflows totaled $130 million in the week ending May 6, reversing five consecutive weeks of outflows. Institutional investors have increased their exposure to digital assets, with a total of $130 million flowing into cryptocurrency investment products last week, according to CoinShares’ “Digital Asset Fund Flows Weekly” report released on May 13.Once again, the lion’s share of the movement was attributed to Bitcoin (BTC) investment funds, which received inflows of $144 million.Capital flow in cryptocurrency investment products. Source: CoinSharesAccording to the report, weekly trading volume in investment products fell from an average of…
Abu Dhabi, Abu Dhabi, May 14, 2024, Chainwire Liminal Custody, a leading provider of digital asset management and wallet infrastructure solutions, today announced a milestone achievement: the acquisition of its Financial Services Permit (FSP) from the Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA). This prestigious license is a significant milestone in Liminal’s journey and solidifies its commitment to compliance and innovation within the rapidly growing digital asset space. Achieving FSP positions Liminal as a trusted partner for institutions seeking secure and compliant solutions to protect their valuable digital assets. Notably, this license gives Liminal the ability to…
Earn seamlessly on all eligible cryptocurrencies! Rewards are a new feature that helps support the cryptocurrency ecosystem by encouraging users to spend more time using their cryptocurrency while also helping verify transactions. Get rewarded for your assets held in spot balances without them being locked up or subject to bonding periods. You can access your assets at any time to trade, withdraw, or use them as margin collateral (if available in your region). Gone are the days of manually clicking through portfolios to earn returns on individual assets. Rewards automates the entire process. It couldn’t be simpler to join the…
Tether partners with RAK DAO for blockchain education. Tether Operations Limited, the largest company in the digital asset industry, has announced a partnership with RAK Digital Assets Oasis (RAK DAO). The collaboration includes the signing of a Memorandum of Understanding (MOU) and marks the start of a strategic initiative to drive adoption of Bitcoin technology and stablecoins in Ras Al Khaimah (RAK), the northernmost emirate of the United Arab Emirates. Promoting cryptocurrency adoption in the region As the first common law free zone focused on digital and virtual asset companies, RAK DAO is at the…
Tornado Cash developer Alexey Pertsev’s fate in a Dutch court on Tuesday disappointed some in the cryptocurrency industry, but some say the law in the U.S. could have different results for other developers later this year. According to the ruling, the Dutch court convicted Pertsev, 31, laundered $1.2 billion in cryptocurrency through the Tornado Cash mixer. A three-judge panel sentenced Pertsev to five years and four months in prison. In its final conclusion, the court said, “The court considers that it has been legally and convincingly established that the accused, along with others, is guilty of ether laundering from the…
“The latest proposal is the result of his participation in account abstraction research for about a week,” Ansga Dietrichs, a core Ethereum developer who co-authored EIP-3074 and EIP-7702 with Buterin, told CoinDesk via chat. conversation.”
GameStop stock price surpassed Bitcoin (BTC)’s annual return in one day. Could some of the profits be found in the altcoin market, similar to previous bull cycles?GameStop stock surpasses BTC’s annual return in one day.On a year-to-date chart, GameStop stock’s returns are up more than 154%, while Bitcoin’s year-to-date returns are over 129%, according to TradingView.source: TradingViewMost of GameStop’s gains have come in the past two days, with GameStop’s price up more than 105% on May 14 as of 2:35 PM UTC.The price of GameStop began rising on May 13 after Keith Gill, widely credited with starting GameStop shorting in…