Happy Thursday! In today’s Daily, SEC appeals previous ruling against Ripple, Swift plans real-time banking trial for digital asset trading, Binance Labs invests in ZKsync “elastic chain” and more.Meanwhile, analysts at Standard Chartered and JPMorgan say geopolitical risks could drive investors toward Bitcoin.Let’s get started.SEC appeals Ripple case rulingThe U.S. Securities and Exchange Commission (SEC) is appealing a previous ruling in its case against Ripple, according to a court filing Wednesday. “We believe the district court’s decision on the Ripple matter conflicts with decades of Supreme Court precedent and securities law, and we look forward to filing the case in…
Author: Crypto Flexs
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Visa has launched the Visa Tokenized Asset Platform (VTAP), a new initiative to help banks issue fiat-backed tokens on blockchain networks.On October 3, the digital payments giant announced that VTAP is now accessible through its developer platform. This will allow participating institutions to develop and test digital assets such as stablecoins and central bank digital currencies (CBDCs).Currently, the platform operates in a sandbox environment, but Visa plans to enable real-time use by 2025.VTAPVisa described VTAP as a way to help banks provide blockchain services by applying its knowledge of emerging technologies, including smart contracts. The company plans to expand this…
Popular meme coin Pepe (PEPE) is under significant pressure, mainly due to profit-taking activities by long-term holders (LTH). It is currently trading at $0.0000090 and has witnessed an 18% price decline over the last 4 days. Two notable on-chain indicators show that dormant PEPE tokens previously held by LTH are starting to change hands. If this group of PEPE holders continue to sell, the meme coin could witness another double-digit decline. Pepe long-term holder book profits The first indicator of profit taking among long-term holders (LTHs) of Pepe is the average coin age. According to analysis by BeInCrypto, this indicator…
October 3, 2024 | Asset List, Products, Uncategorized We are excited to announce that EIGEN is now tradable on Kraken! Funding and Transactions EIGEN trading will begin today, October 1, 2024, at 4:00 AM (UTC). To add assets to your Kraken account, go to Funding, select the assets you want and hit ‘Deposit’. Make sure you deposit your tokens on a network supported by Kraken. Deposits made using other networks will be lost. The new token will be tradable on Kraken and Kraken Pro using the following parameters: legacypairPrice decimal precisionMinimum order sizeMinimum deposit amountownUS Dollar, Euro311 memo: Once liquidity…
Crypto analyst and trader Ali Martinez is bullish on the largest memecoin by market capitalization. Martinez tells his 73,200 followers on social media platform . . Cryptocurrency analyst and trader says: “The last two times Dogecoin DOGE had a bullish MACD crossover on the weekly chart, it rose 90% and 180% respectively.” Source: Ali Martinez/X Martinez also says that the Dogecoin network is seeing “significant growth,” with the number of new addresses increasing by double digits in just one week. “There has been a 72% increase in new DOGE addresses over the past week, with 19,630 new DOGE addresses created…
Ted Hisokawa October 3, 2024 03:45 Explore VanEck’s diverse range of income-focused ETFs that provide strategic opportunities across a variety of market sectors, including CLOs, high-yield bonds, and mortgage REITs. VanEck, a prominent asset management firm, provided insight into the rapidly changing income investment landscape, especially in the context of interest rate changes. The company provides exposure to both traditional and specialized market segments, emphasizing a variety of exchange-traded funds (ETFs) designed to meet a variety of investment needs and preferences. VanEck’s various ETF products VanEck’s portfolio includes a variety of income-focused ETFs, each…
Bitcoin (BTC) fell below $60,000 during the Wall Street open on October 3 as flash buyer demand occurred on exchanges.BTC/USD 1-hour chart. Source: TradingViewBitcoin exchange users “buy the dip” at $60,000The new local BTC low price on Bitstamp is $59,860, according to data from Cointelegraph Markets Pro and TradingView.BTC/USD continued to feel pressured by geopolitical uncertainty focused on the Middle East and failed to claw back losses from earlier in the week.In response, traders were torn between further declines and $60,000, which served as a clear recovery zone.“People who are optimistic about October are wrong,” wrote celebrity trader and analyst…
Binance, the world’s largest cryptocurrency exchange, has designated five altcoins for possible delisting. The decision comes as the exchange added Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS) and VITE (VITE) to its monitoring tag list, which has come under scrutiny due to increased volatility and risk. Indicates that it has been strengthened. Altcoin crash due to risk of Binance delisting Monitoring tags are Binance’s way of screening tokens that may no longer meet our strict listing criteria. Our review criteria is thorough, evaluating factors ranging from the team’s commitment to the project, the quality and level of development activity,…
Grayscale Investment has launched a new fund that provides investors with exposure to governance tokens. ghost -0.06% the asset management company said on Thursday.The trust, called the Grayscale Aave Trust, “The Aave platform is a decentralized financial cryptocurrency platform that allows investors to borrow or lend cryptocurrencies and use smart contracts.“Grayscale Aave Trust provides investors with exposure to a protocol that has the potential to revolutionize traditional finance,” Rayhaneh Sharif-Askary, head of product and research at Grayscale, said in a statement. “Aave’s decentralized platform aims to leverage blockchain technology and smart contracts to optimize lending while eliminating intermediaries and reducing…
This article is also available in Spanish. Bitcoin price is consolidating above the $60,000 support. BTC could target a fresh increase unless it closes below the $60,000 support. Bitcoin is consolidating above the $60,000 support area. The price is trading below $61,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline with resistance at $61,550. If it stays above the $60,000 support, the pair could initiate another hike. Bitcoin price consolidation begins Bitcoin price extended its decline at $62,350 resistance. BTC broke the $62,000 and $61,500 support…