join us telegram A channel to stay up to date on breaking news coverage Wall Street investment bank Morgan Stanley is reportedly considering adding cryptocurrency trading to its online E-trade brokerage platform. According to the January 2nd report According to The Information, the asset manager’s decision is based on the United States’ more friendly digital asset policies expected under incoming President Donald Trump, who wants to make the country the “crypto capital of the world.” Morgan Stanly could challenge Coinbase’s dominance in the market. Morgan Stanley It completed its acquisition of E-Trade in 2020 in an all-stock transaction valued at…
Author: Crypto Flexs
Read More
One widely respected cryptocurrency analyst says it looks like one cryptocurrency sector will outperform another in the coming years. Anonymous cryptocurrency trader Crypto Capo told his Telegram audience in a new thread on Telegram that the artificial intelligence (AI) sector will continue to outperform the rest of the digital asset industry. According to Capo, price action in decentralized cloud computing platform Phala Network (PHA) hints at a breakout in AI cryptocurrencies, leading to an accumulation of hidden AI-based tokens like Phoenix (PHB) and Streamr (DATA). . “The incredible performance of PHA can be a leading indicator for the next step…
BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has further strengthened its presence within the digital asset space with the approval of Frax Finance as collateral for its upcoming frxUSD stablecoin, according to a January 2 statement.FrxUSDfrxUSD is Frax Finance’s newly rebranded stablecoin that offers direct fiat redemptions and improved compliance.Sam KazemianFrax Finance founder said:“frxUSD combines the transparency and programmability of blockchain technology with the trust and stability of BlackRock’s leading treasury products.”Through this partnership, BUIDL will function as the primary reserve asset supporting the issuance and redemption of frxUSD. The stablecoin is backed by assets managed within BlackRock’s BUIDL, including…
Historical Context – Does whale purchasing lead to sustainable profits? Analyzing XRP’s historical data shows that spikes in whale activity, such as transactions exceeding $100,000 and $1 million, are often associated with price spikes. For example, large-scale whale purchases preceded a notable rally in mid-2023, but this increase was short-lived and recovered within a few weeks. Conversely, the whale-led rally in late 2023 saw a more sustained upward trend, with prices stabilizing at higher levels after surges. Source: Santiment This highlights a recurring theme. Whale activity often creates short-term euphoria, but long-term price elasticity depends on broader market conditions, retail…
China’s digital yuan will gain attention again China’s central bank digital currency was once one of the industry’s hottest topics, but 2024 has been a relatively quiet year for the digital yuan. Nonetheless, Winston Ma, an adjunct professor of law at New York University and former managing director of China’s sovereign wealth fund, predicts that the digital yuan will see a strong push for overseas expansion in 2025. China expanded the digital yuan to Hong Kong’s retail sector in 2024, but efforts have been slower and less aggressive than before. This slowdown was consistent with research by Yao Qian, the…
Dubai, United Arab Emirates, January 3, 2025, Chainwire Xenea, an EVM-compatible layer 1 blockchain, integrates decentralized storage to support dynamic data use cases, making it a powerful infrastructure for next-generation Web3 applications. Guided by its vision of “millennial ideas,” Xenea focuses on long-term token and data storage solutions while enabling new capabilities for AI and Decentralized Physical Infrastructure Network (DePIN). To strengthen the trustworthiness of the protocol, Xenea follows a peer review approach. The core architecture paper is submitted to IEEE, a prominent society in the communications field, for verification. Code implementation begins only after the paper undergoes rigorous academic…
Ethena is preparing to launch a new cryptocurrency-based product aimed at attracting traditional finance (TradFi) institutions.The blockchain platform plans to launch its new iUSDe product in February. According to Ethena’s 2025 roadmap released on January 3, iUSDe, which is based on sUSDe, a synthetic dollar, introduces a “simple wrapper contract” that adds transfer restrictions at the token level.According to the roadmap, Ethena’s main goal in the first quarter of 2025 is to work with TradFi distribution partners to make iUSDe accessible to customers. Ethena plans to announce these partners by the end of January.“Our sole focus for the first quarter…
US-based cryptocurrency exchange Coinbase has acquired the Cyprus operations of BUX, now rebranded as Coinbase Financial Services Europe. According to Finance Magnetes, the acquisition will grant Coinbase a Cyprus Investment Company License under the Cyprus Securities and Exchange Commission, allowing it to offer contracts for difference across the European Economic Area. CFDs are financial instruments that allow traders to speculate on asset price movements without owning the underlying asset. This means that users can bet on whether the price of an asset will rise or fall. The new license allows Coinbase to mark a strategic move to diversify its services…
A prominent cryptocurrency analyst says meme asset Dogecoin (DOGE)’s rival Shiba Inu (SHIB) needs to maintain a certain support level to avoid collapsing. In a new video, cryptocurrency trader Ali Martinez told his 106,500 followers on social media platform According to Martinez, a breakout of these levels would be bearish for the dog-themed memecoin. SHIB is trading at $0.00002255 at the time of writing, up 6.5% in the last 24 hours. Moving into Bitcoin (BTC), traders said they need to avoid falling below $90,000 to prevent BTC from falling further. “According to MVRV price bands, if Bitcoin BTC falls below…
Yorg Healer January 3, 2025 01:38 ElevenLabs is introducing a new Workspace Group Management feature that improves access control, allowing organizations to effectively manage permissions and prevent unauthorized product use. ElevenLabs has unveiled a new group management feature within workspace settings in a strategic move to increase organizational control. According to ElevenLabs, these improvements aim to streamline access management and prevent unauthorized use of product features. Enhanced Access Control A newly introduced feature provides workspace administrators with the ability to set specific permissions for various groups and members. This includes restricting access to certain…