Recently, a US court has given Binance US the green light to invest certain customer fiat funds, which are currently being held at BitGo, in US Treasury Bills. The exchange sought approval to invest approximately $40 million in $10 million increments over a four-week period. These investments will take place through a trading account on
The recent data on Ethereum derivatives volume has shed light on the lack of confidence that investors seem to have in the Spot Ethereum ETFs. Despite the anticipated launch of these funds next week, the current market sentiment appears to be bearish. The annualized premium on Ethereum’s fixed-month contracts is only at 11%, indicating that
A recent statement from a market strategist has indicated that Bitcoin, the leading cryptocurrency, may have finally put an end to its downtrend. The strategist highlighted a positive shift in the market value of Bitcoin, leading to speculation about a potential new price target for the digital asset. A well-known crypto analyst, known as Rekt
Ethereum had an impressive week, closing with a 12% price increase. The market rally allowed ETH to establish $3,300 as key support, setting a new base for buyers to aim for $4,000. This level will also serve as crucial resistance, with the last test in May resulting in rejection from sellers. Optimism is on the
If you are a fan of the Immortal Rising franchise, get ready to be blown away by the upcoming release of Immortal Rising 2. Planetarium Labs is taking gaming to the next level with this highly-anticipated game, which is set to be built on the Immutable platform. Early access opportunities and exclusive in-game rewards are
Gods Unchained has been causing quite a stir in the NFT gaming community recently, and its sudden surge in popularity is a clear indicator of its unique appeal. Unlike many other games struggling to make an impact in the current market, Gods Unchained stands out with its innovative gameplay and immersive experience. The game’s native
Shiba Inu, a popular meme coin, recently saw a significant increase in its burn rate, with a whopping 450% surge in the past 24 hours. This surge resulted in nearly 50 million tokens being sent to a null address. While the USD equivalent of this may seem insignificant, the continuous efforts to reduce the circulating
As per Crypto analyst Rekt Capital, Bitcoin might not be fully prepared for its next significant uptrend. The analyst indicated that Bitcoin is still testing the waters around the $65,000 level, which needs to be established as a new support level. Rekt Capital emphasized the importance of a successful retest similar to the one seen
Ethereum co-founder Vitalik Buterin recently issued a cautionary statement against aligning political support solely with a candidate’s pro-crypto stance. He highlighted the broader values of individual freedoms and technological advancement that should be considered when evaluating political figures. Buterin argued that focusing solely on cryptocurrency could potentially undermine the fundamental principles that guided the industry’s
BlockFi, a bankrupt crypto lender, has announced a significant step in its journey towards repaying its clients. The first interim distribution of funds will be facilitated through Coinbase, starting this month. This interim distribution is set to begin in July and will be processed in batches in the coming months. Eligible clients will be notified
