Bitcoin derivatives data suggests room for additional price upside in the coming weeks as Ethereum ETF approval chances rise. Bitcoin (BTC) has experienced a significant surge, gaining 8.5% within 24 hours to reach $71,926 on May 21. This move places Bitcoin just 2.5% shy of its all-time high. Moreover, BTC derivatives are showing favorable conditions…
The change of fortunes leaves Gala with an unexpected $23 million windfall in ETH tokens. “We will probably buy and burn on galaswap,” said the project’s CEO Eric Schiermeyer, also known as Benefactor, in its Discord server. That means using the ETH to buy GALA tokens and then taking those tokens out of circulation. Source…
Majuro, Marshall Islands, May 21st, 2024, Chainwire Multipool, a leading innovator in the blockchain and cryptocurrency industry, announces corporate partnership with industry-leading global connectivity provider BSO, enabling ultra-fast low latency trading on Multipool. The combined tech offers users a comprehensive suite of fully decentralized trading tools delivering the best DEX price execution in the industry….
On May 21, 2024, Michael Novogratz, the founder and CEO of Galaxy Digital, appeared on CNBC’s “Squawk Box” to share his insights on the recent price movements in cryptocurrencies, the Biden administration’s interaction with the SEC regarding cryptocurrencies, and the broader implications for the industry. Novogratz started by highlighting the significant rise in Ethereum’s price…
The first keynote speaker on the first day of the London Blockchain Conference is bound to inspire intrigue and excitement. This was true as ever at the London Blockchain Conference 2024, as Scott Galloway was charged with kicking off the proceedings. Galloway is an academic heavyweight. A professor of Marketing at the prestigious Stern School…
The crypto market is in the middle of a remarkable surge. Ether (ETH) soared over 21% in the past 24 hours to break the $3,800 mark. Meanwhile, Bitcoin (BTC) has climbed past $71,000. This rally has propelled the total market capitalization to increase by over 8% in the past day. Did you know? Want to get…
Yuga Labs CEO Greg Solano announced the company will cease changes to the CryptoPunks project following intense community backlash. On May 20, the official CryptoPunks account revealed Super Punk World, a new NFT collection featuring 500 hybridized 3D sculptures created by New York-based painter Nina Abney. Community Reaction and Backlash The collection featured hand-picked avatars…
Grand Cayman, Cayman Islands, May 21st, 2024, Chainwire Set to hit Mainnet this summer, Sui’s new Mysticeti protocol cuts consensus latency down to 390 ms. Sui, the pioneering Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling, today announced the successful deployment of Mysticeti, its latest consensus protocol, on Sui Testnet. This significant…
Imagine joining the millionaire club by 2025. This might sound like a dream, but with Retik Finance, it could soon become a reality. By investing in Retik Finance’s native token, RETIK, currently priced at $0.15, you could potentially see significant returns in just a few years. Let’s explore what makes Retik Finance capable of delivering…
Hex Trust launches USDX, the first native stablecoin on Flare, backed 1:1 by USD. USDX can be staked in Clearpool’s T-Pool for real-world yield without lock-ups. USDX aims to enhance Flare’s DeFi ecosystem, supporting lending and borrowing. Hong Kong-based digital asset custodian, Hex Trust Group, has launched USDX, the first native stablecoin on the Flare…