Fri, July 19, 2024

Ethereum trading

CFTC выиграла дело на сумму $83,7 млн, регулируя цифровые активы

CFTC Wins $83.7M Case, Regulates Digital Assets

Quick Look: The CFTC secured a summary judgment against Sam Ikkurty for a Ponzi scheme involving crypto hedge funds, defrauding investors of $83.7 million. Ikkurty falsely promised stable returns on “Proof-of-Stake tokens” but invested in highly volatile OHM and KLIMA, causing a 99% loss by January 2022. Judge Rowland’s ruling classified OHM and KLIMA as …

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Ethereum

New Crypto Era: Crossover Markets Secures $12M

Quick Look: Crossover Markets raised $12M, led by Illuminate Financial and DRW Venture Capital. Mark Beeston from Illuminate Financial joins the board, adding strategic vision. The ECN platform reported $3.15 billion in trading volume in Q1, known for speed and efficiency. The balanced fee model charges one basis point to makers and takers, attracting diverse …

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Tether and a New York appeals court

Tether Introduces aUSDT, 75% Gold-Backed Synthetic Dollar

Quick Look: Tether’s new synthetic dollar, aUSDT, represents a strategic push into tokenization. XAUT overcollateralizes AUSDT to ensure security and stability on the Ethereum-based Alloy platform. Oversight by Moon Gold entities and El Salvador’s CNAD ensures regulatory compliance and integrity. Tether, a prominent name in the cryptocurrency world, has unveiled its latest financial innovation: a …

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Polkadot, DOT

Polkadot Community Approves ‘Jam’ Architecture, $65M Fund

Quick Look: Web3 Foundation introduced the JAM Implementer’s Prize, a $64.7 million fund to boost JAM protocol development. Enhances scalability, flexibility, and security, integrating elements from Polkadot and Ethereum for better performance. Trading between $6.10 and $6.25 with reduced volatility and Open Interest, indicating market calm. The Polkadot community has recently approved a significant advancement …

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blockchain,Cryptocurrencies and India

Azuro’s $350M Transactions: Leading On-Chain Predictions

Quick Look: Azuro provides tools, oracle solutions, and liquidity services for Ethereum Virtual Machine (EVM) chains. Portable and composable infrastructure enables seamless on-chain prediction and gaming development without costs. Partnership with Olas to develop an autonomous AI agent, enhancing the ecosystem with advanced AI capabilities. Azuro is at the forefront of on-chain prediction platforms. It …

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Ada

Cardano ADA: Chang Hard Fork & Node 9.0 Insights

Quick Look: Chang Hard Fork: Anticipated in July 2024, enhancing Cardano’s governance and potentially driving ADA prices up. Node 9.0 Launch: Key upgrade for smart contracts and NFTs, positioning Cardano as a competitor to Ethereum. Smart Contracts and NFTs: Cardano’s advancements in these areas offer dynamic functionalities, boosting its market appeal. Proof-of-Stake (PoS): Enhances network …

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FTX, robinhood, zksync

ZKsync Airdrop: 3.675 Billion Tokens for Community

Quick Look: ZKsync will distribute 3.675 billion ZK tokens (17.5% of the total supply) from January 3, 2025. Users active on ZKsync Era and Lite who meet specific interaction criteria are eligible for the airdrop. The initial token price was $0.66, now adjusted to $0.36, valuing the total at $1.32 billion. A points-based system with …

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bitcoin

Bitcoin Ends at $69,570 After 0.16% Decline

Quick Look: Bitcoin declined 0.16% on June 10, closing at $69,570, reflecting market volatility and economic factors. U.S. BTC-Spot ETFs saw $55.4 million in outflows, the first since May, amid speculation on Fed’s interest rate actions. Grayscale Bitcoin Trust, Invesco Galaxy Bitcoin ETF, and Fidelity Wise Origin BTC Fund faced significant outflows. In the latest …

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bitcoin

Michael Saylor: Bitcoin’s Vision and MicroStrategy Moves

Quick Look: Michael Saylor’s Statement emphasized Satoshi Nakamoto’s role in revolutionizing digital finance through Bitcoin. Nakamoto’s Vision introduced BTC as a decentralized, peer-to-peer cash system, reshaping financial transactions. Analyst Ali identified a critical support range for BTC’s price stability between $69,380 and $67,350. Michael Saylor, the chairman of MicroStrategy, recently made a significant statement regarding …

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Ethereum-based status

Ethereum ETF Delays and Record Open Interest Spike

Quick Look: SEC Chair Gensler’s focus on disclosure adds uncertainty to the spot Ethereum ETFs’ launch. Open interest rose 50% after the SEC’s positive stance on ETH ETFs, showing increased investor activity. Approval of 19b-4 filings from eight issuers on May 23 is a key step towards launching spot ETH ETFs. SEC’s call for updated …

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CFTC выиграла дело на сумму $83,7 млн, регулируя цифровые активы

Uniswap Price Surges 20%: Major Rally Ahead?

Quick Look: Price Surge: Uniswap (UNI) surged over 20%, breaking the $10.50 resistance above $11.20. Key Resistance: Immediate resistance at $11.55, with targets at $12.00, $12.20, $12.50, and $13.50. Market Impact: Broader market gains; Bitcoin above $71,000, notable moves in BNB and STRK. Uniswap Labs Post: Speculation over a Uniswap Labs post boosted UNI’s price. …

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Broker News

UP Fintech’s Q1 2024 Revenue Up by 19%, Profits Double

UP Fintech Holding Limited announced its unaudited Q1 2024 financials, ending March 31. CEO Wu Tianhua revealed a 19% year-over-year revenue rise, reaching $78.9 million. Net income attributable to UP Fintech’s ordinary shareholders rose to $12.3 million, showcasing a solid performance in Q1. Non-GAAP net income hit $14.7 million, reflecting financial strength and efficiency. UP …

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SHIB

Shiba Inu’s 13.2% May Growth and June Milestone Potential

Quick Look: Market Performance: Shiba Inu rose by 13.2% in May, contrasting with a 15.4% drop last year. Token Burn Event: On June 4th, a 16,600% surge in token burn rate, burning 21.5 million SHIB. Current Price: As of June 4th, SHIB’s price is $0.00002392, with a market cap of $14.09 billion. Price Projections: Key …

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Advanced trading tools

Advanced Futures Trading: A Comprehensive Guide

Futures trading represents an intricate yet highly rewarding segment of financial markets, offering traders and investors unique opportunities to speculate and hedge. This article aims to demystify futures trading by exploring its definition, types, key takeaways, mechanics, and differences from options. Definition of Futures Trading Futures are binding contracts that oblige the purchase or sale …

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