A decision on the Bitcoin spot ETF is expected to be made between January 8 and January 10, according to K33 Research, but market-moving news could come earlier than that. Nonetheless, senior analyst Vetle Lunde expects the approval to be a news-selling event. Or at least this is the most likely scenario.“Everything points to traders being significantly exposed ahead of the ruling and derivatives commanding huge premiums. BTC +5.86% There has been continued upward momentum over the past three months,” Lunde wrote. report. “News selling events can become self-fulfilling prophecies because a significant portion of short-term market participants are eyeing…
Author: Crypto Flexs
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that much increase The popularity of EVM-compatible blockchains and parallelized processes is driving the growth of the Sei Network SEI token, which has increased by more than 75% in the past week. Sei Network was launched in August as a transaction-focused blockchain with the backing of prominent investors Jump Crypto and Multicoin Capital. It is designed with a focus on speed, low fees, and other features tailored to support specific types of trading apps. The network’s SEI token reached $400 million in capitalization within the first 24 hours of issuance, but made little profit over the next few months as…
join us telegram A channel to stay up to date on breaking news coverage If we fail to curb carbon emissions from automobiles, a bleak future awaits us. Electric vehicles (EVs) offer an environmentally friendly and sustainable value proposition, but mainstream adoption is still a distant dream. This is especially true for developing countries. High investment costs act as a barrier to mass deployment. eTukTuk = EV + Blockchain + AI in developing countries eTukTuk has designed a holistic EV ecosystem for developing countries and added blockchain and AI capabilities to it. It uses the inherently decentralized and democratic principles…
Binance, the world’s largest cryptocurrency exchange, has successfully conducted the 17th batch of the LUNC token burn mechanism, an important step in the Terra Luna Classic (LUNC) ecosystem. This most recent burn resulted in a whopping 5.57 billion LUNC tokens being withdrawn from circulation. This marks a new milestone in the exchange’s efforts to lower LUNC token volumes. Binance’s most recent token burn is part of its ongoing plan to minimize the amount of Terra Luna Classic tokens already in circulation. “The exchange has been actively participating in the burn mechanism since Changpeng,” he said.Czech Republic” Zhao resigned from his…
Mark Yusko, founder and CEO of Morgan Creek Capital, said the cryptocurrency industry has a positive outlook for 2024. In a new interview with The Dales Report, Yusko said 2024 will be an “incredibly strong” year for cryptocurrencies thanks to a combination of factors. “It will happen again in 2024. We have a heavenly alignment for everything, for every cycle. Then Bitcoin has a 4-year cycle. Yes? Halving occurs in April or early May, depending on the block. But it will happen. We are facing a wave of liquidity that will soon be triggered by the approval of (spot Bitcoin)…
October 11th Bitfinex introduces commission-free trading for market participants on its P2P platform in Argentina, Colombia, and Venezuela. Posted at 18:22h From media materials by admin Road Town, British Virgin Islands – October 11, 2023 – Bitfinex (www.bitfinex.com/), a cutting-edge digital asset trading platform, today announced that it is pleased to reveal that trading on Bitfinex’s peer-to-peer (P2P) platform is now free. It is for users who execute buy or sell orders at the market price (also known as market takers). Recently made available to clients in Argentina, Colombia and Venezuela, our P2P trading service now offers market participants the…
The digital currency landscape is poised for seismic change as traditional banking giants prepare to enter the stablecoin space. Such a move could redefine market dynamics, challenging the current dominance of leaders like Tether. Arthur Hayes, former CEO of BitMEX and CIO of Maelstrom, provided important insight into this new scenario. Hayes predicts that traditional banks are preparing to enter the stablecoin market, which until now has largely been dominated by companies like Tether. Despite their current success, centralized stablecoins may face serious challenges as banks with strong infrastructure, compliance capabilities, and deep-rooted customer trust are able to overtake the…
Vitalik Buterin, co-founder of the Ethereum networkSome interesting comments were made during the meeting. Recent Interviews. One of them was his expose on the worst things that commonly happen on the Ethereum network. The worst thing that can happen on Ethereum Vitalik I mentioned the worst thing that happens in . Ethereum This is when people lose money. However, it is worth mentioning that this particular comment came in the context of his previous comments about the impact of war and dictators on human life. It refers to a light heart compared to the ‘heavy thing’ just mentioned. Meanwhile, Vitalik…
The cryptocurrency market took a whirlwind this year, with the price of Bitcoin surpassing $45,000 for the first time since April 2022 amid investor expectations that a spot Bitcoin exchange-traded fund (ETF) may be approved in the United States. Yes.Meanwhile, tokens for two major layer 2 scaling solutions — decision ARB +13.42% and optimism OP +3.32% — has seen prices rise over the past month — both trading near historical highs.The Arbitrum token is up 13% today, hitting a high of $1.83, up 60% in price over the past month. According to The Block’s pricing page, it is currently trading…
Bitcoin price rose more than 5% and cleared the $45,000 resistance level. BTC is showing positive signs amid rumors of EOD spot ETF approval. Bitcoin is gaining speed above the resistance levels of $44,000 and $44,400. The price is trading above $45,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a break has occurred above the main rising channel with resistance near $43,500. The pair rose more than 5% after several rumors about the approval of a BTC spot ETF for EOD. Bitcoin price rally above $45,000 Bitcoin price formed…