@Ayyocheyy209 Silvergate Bank, a crypto-friendly institution, is making waves as it goes public on the New York Stock Exchange, aiming to raise a substantial $65 million through its long-awaited IPO launch.
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Công ty tuyên bố rằng các bên kiện không thể chứng minh giao dịch Tether đã gây ra sự tăng mạnh của bitcoin hoặc gây thiệt hại.
The recent survey by Bank of America reveals that the fear of soaring inflation has now surpassed the concerns regarding the COVID-19 pandemic as the highest market risk for fund managers. This shift in sentiment showcases the significant impact of the coronavirus vaccine on Wall Street's market calculations. Interestingly, despite this changing landscape, investing in a bitcoin rally continues to be one of the most popular trades, further emphasizing the dynamic nature of the market.
Worldcoin (WLD) has seen a surge in positive momentum recently, gaining over 50% in mid-December and reaching an all-time high of $4.6. Although it dropped to $3.35 on December 25, there are indications that WLD is primed for another bullish breakout. The recent launch in Singapore, along with other developments, has sparked increased interest in the token. CoinMarketCap data shows a 9.68% gain in the last seven days, reflecting growing buying pressure from investors. Furthermore, crypto analyst Ali Martinez has highlighted the rise in the number of WLD whales, with a 16.33% increase in those holding 10,000 to 100,000 WLD. This positive trend in price and network growth closely followed Worldcoin's expansion into Singapore, a crypto-friendly nation. #CryptoNews
Recent data from Greekslive, a crypto options market trading platform, suggests that traders have already factored in the potential approval of a Bitcoin spot exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Despite anticipation of the SEC granting permission for the ETF on January 2, 2024, there has been surprisingly little market reaction. This development is significant as it would enable investors to trade Bitcoin-backed ETFs on regulated exchanges. Nonetheless, the current low market activity implies that traders may already have taken this possibility into account. #CryptoNews
The surge in the crypto market this year has led to a significant increase in the derivatives market as institutional investors seek exposure to digital assets. With the impending deadline for US regulators to approve or reject Bitcoin ETFs, traditional investors have turned to crypto options and futures, resulting in unprecedented trading volumes. Before the options expiry, crypto options trading hit a record high, reaching a notional value of $11 billion, with Bitcoin contracts accounting for $7.7 billion and Ethereum options representing $3.5 billion. While the expiration of options contracts has had a limited impact on major cryptocurrencies, Ethereum experienced a decline of over 2%. Despite this, Bitcoin has maintained its position with a strong support floor at $42,000, indicating potential for an uptrend once bullish momentum returns. Clients are rolling their positions to 2024 expiries, and the focus of attention and trading activity is expected to be on the impending ETF decision. The surge in the derivatives market and the increased participation from traditional asset managers reflect the growing interest of institutional investors in the crypto market. As the market awaits the regulatory verdict on Bitcoin ETFs, the future trajectory of the crypto market and its integration with traditional financial systems remains uncertain.
In a recent announcement, Avalanche Foundation, the non-profit organization behind the Avalanche AVAXUSD ecosystem, revealed their decision to incorporate meme coins into their portfolio. Emin Gün Sirer, co-founder of Ava Labs, commended this move and addressed the concerns of skeptics. He likened those who dismiss meme coins to individuals who once belittled popular cultural and technological trends such as pop music, street art, and rap. Emin Gün Sirer praised Avalanche Foundation for recognizing the significance of meme coins and stated that their institutional activity allowed them the luxury to invest in such assets. Although it took him some time, he eventually understood the cultural value and impact of meme coins, despite his initial skepticism of Elon Musk's support for Dogecoin. Emin Gün Sirer drew the analogy of owning Balenciaga luxury wear, highlighting that meme coins serve a specific audience and have a positive impact on the cryptocurrency space. However, he also warned about the risks associated with investing in meme coins, emphasizing their volatility and dependence on narratives rather than fundamentals. While Avalanche Foundation's decision influenced the recent surge in meme coin prices on the Avalanche AVAXUSD blockchain, traders and investors are advised to exercise caution.
Bitcoin (BTC) has seen significant gains in 2023, with a 156% increase, following a 64.4% depreciation in 2022. The recent high around the 45000 level tested historical upside advances and indicates potential upside price objectives at levels such as 46105, 46487, and 49161. However, downside risks persist with price objectives at levels like 40185 and 38773. Traders are observing positive indicators, with the 50-bar MA (4-hourly) indicating bullishness. Technical support can be found at 38998, 38028, 37321, and 35285 levels. Please note that this information is provided by a third party and should not be taken as financial advice. #CryptoNews
BitTorrent, a popular decentralized P2P file-sharing platform operating on the Tron blockchain, is set to release version 2.3.4 of its BTFS on December 28th. The platform offers a wide range of features, including live streaming and BTTC staking, which allows content creators and viewers to earn rewards. Unlike centralized servers, BitTorrent distributes files among users' computers, enhancing download speed based on the availability of seeds. The BTTC token, the native currency within the BitTorrent ecosystem, facilitates payment for P2P services, decentralized data storage, file download auctions, and more. #btc
FLOKI, a meme cryptocurrency created in 2021, named after Elon Musk's dog, is set to host a quiz on January 1st. Similar to Dogecoin and Shiba Inu, FLOKI's value is heavily influenced by community sentiment and social media trends. As with any meme token, potential investors should exercise caution, thoroughly research, and be aware of the high volatility associated with these types of digital assets.
Japan’s Monex Group has announced its plans to acquire a majority stake in Canadian crypto asset firm 3iQ Digital Holdings, as part of its long-term strategy to strengthen its asset management business. The group aims to tap into the growing demand for crypto asset management from institutional investors and exchanges worldwide. Monex previously acquired Coincheck in 2018 and has since focused on enhancing its digital asset investment business, including investments in governance, internal controls, and security.
The analyst warns that those who underestimate the potential of XRP's price surge may miss out on significant gains. Drawing parallels to past trends, the expert highlights how XRP's price action in 2017 broke the monotony of previous years, causing some traders to leave and subsequently miss out on massive profits. After breaking out of a 4-year consolidation trendline, XRP experienced a remarkable 600x price gain, reaching its current all-time high of $3.84 in January 2018. Don't overlook the possibility of history repeating itself with XRP's future movement. #CryptoNews