Wang Long Chai October 4, 2024 17:24 Explore the implications of state and federal regulation for stablecoin issuers, including the risks and benefits analyzed by Paxos. Understand the challenges and opportunities of the evolving regulatory environment. The stablecoin market, currently growing to hundreds of billions of dollars, is attracting increasing attention to the regulatory environment, especially in the United States. As highlighted in a recent analysis by Paxos, the ongoing debate between state and federal regulations is pivotal for stablecoin issuers and the broader cryptocurrency ecosystem. Understanding stablecoins and issuers Stablecoins are digital currencies…
Author: Crypto Flexs
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In major industrial reorganization, Pinjilo We continue to grow rapidly, expanding into new regions across Europe. As one of the fastest-growing online trading platforms, this move solidifies Finzilo’s ambition to become a key player on the global financial stage. It is known to be mainly focused on cryptocurrency tradingFinzilo is now available to more traders across Europe cutting edge technology and User-friendly interface.Finzilo’s new presence in Europe means more users will gain access to Finzilo. various marketsyes cryptocurrency In addition to traditional markets such as Bitcoin and Ethereum, forex, stock, jisooand goods. This variety of trading instruments positions Finzilo as…
Bitcoin (BTC) rose to an intraday high of $62,338 on October 4, as stronger-than-expected September employment data and bullish on-chain indicators added tailwinds to ideas of a fourth-quarter rally. BTC/USD daily chart. source: TradingViewBitcoin’s price action came as U.S. non-farm payrolls in September came in at 254,000, well above the expected 147,000. The unemployment rate fell from 4.2% in September to 4.1%, below the forecast of 4.2%.As a result, market participants are starting to see a whopping 97% chance of a 25 basis point rate cut at the Fed’s next meeting on November 7, following an aggressive half-point rate hike…
Cardano price started a new decline from the $0.3850 resistance. ADA is consolidating above $0.3350 and may attempt a recovery. ADA price began a decline below the $0.3550 support level. The price is trading below $0.350 and the 100-hour simple moving average. On the hourly chart of the ADA/USD pair, there is a short-term bearish trendline forming at resistance $0.3480 (data source from Kraken). If it stays below the $0.360 resistance zone, the pair may continue to fall. Cardano price falls again. After testing $0.4150 resistance, Cardano struggled to hold higher levels. ADA formed a short-term high and started a…
Bitwise Asset Management plans to restructure three cryptocurrency futures exchange-traded funds with government bonds in the mix in an effort to reduce volatility.The company filed changes to the ETF with the U.S. Securities and Exchange Commission on Friday. Bitwise Bitcoin BTC +2.65% Strategy Optimum Roll ETF converts to Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF. Similar changes will be made to the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF. This transition is expected to occur around December 3, 2024, Bitwise said.“The new Trendwise strategy leverages this momentum through a trend-following strategy that…
Venture capitalist Arthur Cheong believes one decentralized finance (DeFi) altcoin could be ready for a major breakout. The DeFiance Capital CEO tells his 176,400 followers on social media platform He suggests that Aave’s open interest (OI), the total number of outstanding derivatives contracts for a particular asset, may have bottomed out after a significant decline last month. “Despite the leverage flush on the culprit over the past few weeks, AAVE price is holding up very well. 1. Open interest is at a 30-day low, down 50% from September 11th. 2. The funding ratio is negative. Be well prepared for the…
The XRP market outlook was once again uncertain for several days after being rejected at $0.64. Price action and indicators suggest a buying opportunity targeting a 12% upside. Ripple (XRP) saw a big price reset last week. The token threatened to break through the local resistance zone at $0.625 and the bulls achieved this on Sunday, September 29th. Since then, XRP has fallen 21% on the price chart. The Bitwise XRP exchange-traded product (ETP) application sparked social media engagement. However, the increase in whale trading began as Bitcoin (BTC) showed rejection at $66.5,000 resistance. Can the bulls successfully defend the…
james ding October 4, 2024 11:31 Binance Futures has announced an update to its Futures NEXT program, introducing changes to rewards and referral allocations starting in October 2024. According to Binance, Binance Futures has introduced significant updates to its Futures NEXT program, focusing on changes to the reward structure and referral allocation. These changes aim to improve user engagement and provide a more streamlined experience for participants. Updated reward structure and referral allocation From October 17, 2024, all rewards for participation in Futures NEXT will be converted to futures trading fee rebate vouchers, replacing…
Bitcoin (BTC) saw volatility on Wall Street on October 4 as U.S. employment data significantly beat expectations.BTC/USD 1-hour chart. Source: TradingViewBitcoin joins U.S. stocks as non-farm wages riseThe price of BTC on Bitstamp is close to $62,000, according to data from Cointelegraph Markets Pro and TradingView.On this day, BTC/USD was up about 2% on significantly higher-than-expected US non-farm payrolls figures for September, at 254,000 vs. 147,000, respectively.U.S. stocks also responded positively, with both the S&P 500 and Nasdaq Composite Index rising.“The obvious answer here is that risk appetite is incredibly strong,” wrote trading resource The Kobeissi Letter, as part of…
Charlie Lee, founder of Litecoin (LTC), appeared at this year’s Proof of Work Summit in Frankfurt, Germany, contrasting Litecoin’s privacy-enhancing features with the almost unavoidable transparency of the Bitcoin (BTC) network.Lee explained that the unspent transaction outputs (UTXOs) that underpin the Bitcoin ledger contain a record of how transactions were used, potentially ruining the digital asset’s fungibility. Mr. Lee told the audience:“Because of the history attached to every Bitcoin spent, each Bitcoin is not the same as another Bitcoin. I think that’s important when it comes to money.”A hypothetical example of this would be an on-chain analytics company that labels…