Bitcoin (BTC) attempted to maintain its gains on April 30 as Hong Kong’s institutional landmark gained momentum. BTC/USD 1-hour chart. Source: TradingViewHong Kong ETF Provides BTC Price ReliefData from Cointelegraph Markets Pro and TradingView showed a local high of $64,714 on Bitstamp after the daily close.This coincided with the launch of a new spot Bitcoin exchange-traded fund (ETF) in Hong Kong. This is an important moment for the Asian industry, which has few conditions to promote Bitcoin as a mainstream asset.“Despite structural flows being dwarfed by U.S. ETFs (of course the world’s largest economy), this shows a dramatic shift in…
Author: Crypto Flexs
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index The announcement also confirmed that the DEX will introduce trading of tokenized real assets such as stocks, ETFs and commodities, giving traders a more diverse portfolio. In an announcement this week, Jellyverse, a comprehensive DeFi ecosystem, announced the launch of JellySwap, a decentralized exchange. The DEX will launch concurrently with the mainnet launch of Sei Network, an official fork of the Balancer protocol, bringing real-world assets (RWA) into the wider DeFi ecosystem. According to the statement, JellySwap will leverage Balancer’s high-throughput architecture to provide users with a comprehensive trading ecosystem. The exchange allows users to trade in a variety…
Solana’s top dog coins, Bonk and Dogwifhat, have a market capitalization of $4.2 billion. Dogwifhat’s $5 price target remains in place as long as WIF retraces 45% from its highs. Bonk gains 16% weekly as on-chain data suggests deep BONK liquidity. Solana’s popular dog coins, Dogwifhat (WIF) and Bonk (BONK), were trading sideways for most of April. However, the change in BONK’s price trend occurred two weeks ago, with the dog-themed coin soaring 46.9% in the past 14 days.This has pushed BONK to half a new all-time high, but the cartoon dog-shaped cryptocurrency faces significant competition from Solana (SOL) and…
Spot Bitcoin Exchange Traded Fund (ETF) was officially listed in Hong Kong with the opening of the stock market. Formula: Spot #Bitcoin ETF trading begins in Hong Kong 🇭instagram pic.twitter.com/yI8HsqRECf— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024 The approval, eagerly awaited for months, signals a new era for the Bitcoin industry in the region. Major asset managers are gearing up for the event after the Hong Kong Securities and Futures Commission approved three spot Bitcoin ETF applications earlier this month. China Asset Management, Harvest Global Investments, Bosera International, and HashKey were all among the asset managers that received regulatory approval to…
After unlocking the token’s transferability, the price of the safety token plummeted 42%, from $3.26 on the day of unlocking to $1.88 on April 30. Safe’s token contract was released on April 23rd. activate Holders transfer their tokens. The token has been locked for two years after the project’s Decentralized Autonomous Organization (DAO) decided to implement locking in 2022.This follows SafeDAO’s vote on the token transfer proposal where 99.1% of participants voted to ratify the proposal. A Safe spokesperson told Cointelegraph that the DAO delayed the token launch to “allow for gradual decentralization.” The DAO worked together to create a…
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 ReportHong Kong’s six new spot Bitcoin and Ethereum ETFs traded more than $80 million Hong Kong dollars (HKD), or about $10 million worth of shares, when they debuted on Tuesday, according to Hong Kong exchange data.Accordingly, Hong Kong, a special administrative region of China, became the first in Asia to allow trading of virtual asset ETFs. The Hong Kong Exchange said in a press release that investor interest in virtual…
Ripple partners with SBI Group and HashKey DX to introduce XRPL solutions to Japan. HashKey DX leverages the power of XRPL for an innovative blockchain solution in Japan. SBI Group Pioneers Use of XRPL Technology in Supply Chain Management in Japan Ripple has formed a groundbreaking partnership with SBI Group and HashKey DX to bring innovative blockchain solutions to the Japanese market. This collaboration marks an important milestone in the adoption of XRP Ledger (XRPL) technology into corporate environments in Japan. HashKey DX introduces XRPL to Japanese companies Recognizing XRPL’s enterprise capabilities such as fast payment speeds, low costs, and…
Milky Way, Celestia Tia -1.17% Liquid Stake Protocol has raised $5 million in a seed round co-led by Binance Labs and Polychain Capital, MilkyWay co-founder and CEO JayB Kim told The Block.Other investors in this round include Hack VC, Crypto.com Capital and LongHash Ventures, Kim said. Binance Labs said in a separate statement that it has invested in MilkyWay to help it become a leading liquid staking protocol within the modular blockchain ecosystem, including Celestia.MilkyWay began raising money for the round last December and closed it about a month ago, Kim said. CEO Kim added that this round consisted of…
There are many layer 1 blockchains on the market. This means that there is fierce competition in this field, which also means it creates a healthy environment. Remember that only the strong survive. But who are those survivors? There are several ways to determine which criteria make a difference. Lucas, a senior intern at Bankless, wrote: twitter thread About 5 indicators to evaluate blockchain. We think they will be helpful. So, let’s take a look and find out what we need to pay attention to. Bitcoin, Ethereum, Solana, Avalanche, Cosmos, Polkadot… The Layer 1 environment is highly competitive. How do…
Cardano’s price is at $0.45 after a downward trend over the past month. Santiment analysts say ADA could see a potential upside reversal as whale activity surges. KANG is a new cryptocurrency project that is receiving a lot of attention in pre-sale. Cardano (ADA) fell below a key level and could face fresh downward pressure as Bitcoin struggles to regain $64,000. However, on-chain data shows a surge in whale activity, suggesting a potential reversal. In this article, we take a look at Cardano’s price prediction and what it means for the broader market outlook for KangaMoon (KANG). What is KangaMoon?…