Cryptocurrency exchange Bitget has unveiled a multi-million dollar deal with Morph, a layer 2 consumer blockchain network. According to a press release shared with crypto.news, Morph plans to implement Bitget’s native affiliate system to expand its follower base to over 50 million users. The exact financial terms of the deal were not disclosed, but Morph co-founder Cecilia Hsueh said the company plans to use the proceeds “to address an aggressive roadmap and product development schedule to reform the Layer 2 environment.” “Morph has an outstanding team with experience, a vibrant cross-cultural approach, and industry-leading strategic capabilities to drive mass adoption.”…
Author: Crypto Flexs
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Prominent asset management firm VanEck has taken a major step forward by filing its fifth amendment filing for a spot Bitcoin exchange-traded fund (ETF). This move, dated December 8, 2023, opens a new chapter in the evolution of cryptocurrency investment. The proposed VanEck ETF will be listed under the ticker symbol “HODL.” This term, commonly used in the Bitcoin community, is short for “Hold on for dear life” and refers to a strategy in which investors buy and hold Bitcoin without selling it. This approach is consistent with a popular philosophy among Bitcoin enthusiasts to ride out market volatility and…
Tech giant Google has revised its policy on cryptocurrency-related advertising to allow ads about cryptocurrency trusts from late January, when the Bitcoin exchange-traded fund (ETF) is expected to be approved. Us. The amendments focus on coin trusts for cryptocurrencies, financial instruments that allow investors to trade in trusts that hold significant pools of cryptocurrencies. Simply put, these trusts provide investors with assets in cryptocurrencies without actually holding the cryptocurrencies. Google’s Cryptocurrency Advertising Guidelines: Global Impact The updated guidance applies to all accounts promoting cryptocurrency coin trusts outside the United States and globally. The goal of these amendments, effective January 29,…
Due to its large developer community, widespread adoption, and essential role in decentralized finance (defi) and other blockchain applications, Ethereum continues to occupy a unique position in the market. The global cryptocurrency market is experiencing bullish momentum thanks to Bitcoin (BTC) recently surpassing $44,000, which has had a positive impact on the price of Ethereum (ETH). As a result, many early investors may try to sell their Ethereum holdings for a profit. A large whale began to unload its stock. Ethereum Whale: Changes in Appetite The whale, which currently holds 10,000 ETH worth a total of $23 million, has started…
This week we see the Federal Reserve’s decision on interest rates and inflation statements for November. Both of these are expected to trigger market volatility. As the year comes to a close, Bloomberg predicts that several key events of the week will lead to increased volatility in the stock market. The first is the Federal Reserve’s decision on interest rates. After the record rate hike in March 2022, market observers have become increasingly anxious regarding the Federal Reserve’s announcements. How these events move markets Last time the Fed announced that interest rates would remain the same, most analysts expect this…
Elon Musk’s artificial intelligence modeler xAI has entered into a private sale agreement worth $865.3 million in unregistered equity securities, according to an SEC filing.Regulatory Submission Details Private Sale TermsA filing with the U.S. Securities and Exchange Commission (SEC) states that xAI intends to engage in a private sale of securities without registration utilizing Form D to comply with the exemption provided by Regulation D of the Securities Act of 1933. Elon Musk is listed as an executive and director of xAI.Accredited Investor and Resale RestrictionsForm D states that the securities will be sold to accredited investors subject to resale…
Bitcoin (BTC) price finally witnessed a significant 7% decline on December 11 as several indicators showed sell signals and traders booked profits. Bitcoin’s ability to hold above $42,000 will determine whether this collapse is a bearish opportunity or a general market reversal. Short term volatility or major trend reversal?The sharp drop in BTC price observed on the daily chart corresponds to a sudden 6.5% drop and long-term liquidation of over $300 million across the cryptocurrency market. BTC/USD 4-hour candle chart. Source: BitstampHowever, zooming in on the longer 1-day candle period, this move appears to be a slight retracement from the…
Cryptocurrency inflows from asset managers such as 21Shares, Bitwise, CoinShares, Grayscale and ProShares added $43 million last week, marking the 11th consecutive week of $1.8 billion, according to CoinShares’ latest report.Bitcoin BTC -3.26% Base funds remain a key focus, with $20 million worth of funding added last week to $1.7 billion year-to-date. However, total inflows were down significantly compared to $176 million and $346 million respectively over the previous two weeks.The Ethereum investment product continued its turnaround, witnessing inflows of $10 million and recovering from $125 million in annual outflows with inflows of $19 million for the sixth week in…
One ‘lucky’ trader is attracting attention for making huge profits in just one month by trading new rivals Dogecoin (DOGE) and Shiba Inu (SHIB). Traders made a profit of about $2.5 million, or a 6,102% gain, according to blockchain tracking service Lookonchain. purchase It is selling Grok (GROK), a token inspired by but unrelated to Grok AI, the chatbot service on Elon Musk’s social media platform X. “This trader made ~$2.5M (+6,102%) on GROK in one month. Let’s see how he did.” Look on chain Called The trader purchased Grok at the right time and later sold some of his…
Over the past 24 hours, cryptocurrency markets have witnessed Bitcoin solidifying its position in the digital finance space. Amid expanding cryptocurrency selling, Bitcoin provided yet another example of its notorious volatility, plummeting into the $40,000 region. The major cryptocurrency fell 8% to $41,900 before reversing some of its losses and opening Monday trading down 5% at $42,090. Bitcoin Momentum Could Lose Steam According to a price update from CoinGecko, Bitcoin has seen only minor fluctuations during this period, indicating that it is in an equilibrium phase after the recent price surge. Subtle movements in the price of Bitcoin do not…