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The CEO of the Dubai-based exchange sees jurisdictions competing for crypto business in a post-FTX world. PLUS: Bitcoin holds near $30,000 amid investor cautiousness.
Next week’s U.S. central bank interest rate decision and the bitcoin options expiry are unlikely to move markets, which have been stuck for weeks.
BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.
The redemption plan for the protocol appears to heavily favor employees and Parrot’s venture investors.
The lending platform is on track to remove some $7 million of MKR governance tokens from the market in the next month, according to blockchain data.
The latest price moves in crypto markets in context for July 21, 2023.
Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.
Unlocks are staggered releases of cryptocurrencies that had been frozen to prevent early investors or project team members from selling in large numbers.
Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low performance discrepancy, the firm said.
The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot.
- 02:38Top 5 increase today: USUAL has increased by 9,720.00% in the last 24 hoursBitget market data, today's top 5 tokens in terms of increase are USUAL, HYPE, REX, ARC, FMB. Specifically: USUAL has increased by 9,720.00% in the last 24 hours and is currently priced at $0.982; HYPE has increased by 809.68% in the last 24 hours and is currently priced at $22.742; REX has increased by 712.00% in the last 24 hours and is currently priced at $0.01624; ARC has increased by 43.75% in the last 24 hours and is currently priced at $0.1853; FMB has increased by 43.16% in the last 24 hours and is currently priced at $0.02.
- 02:33Over the past 4 hours, more than 120 million US dollars have been liquidated, mainly from multiple ordersCoinglass data shows that in the past 24 hours, the total amount of liquidated positions across the network reached 120 million US dollars, of which approximately 109 million US dollars were long position liquidations and about 11.0841 million US dollars were short position liquidations.
- 02:27Market dynamics on December 18: BTC and altcoins plummet with U.S. stocks; December rate cut by 25 basis points, next year's cuts fewer than expectedI. Market Dynamics 1. BTC plunges following a significant drop in U.S stocks, with altcoins also experiencing a sharp decline. Historically, gold often emerges in Europe and America around Christmas. 2. U.S stocks plummeted. The Federal Reserve hawkishly proceeded with its scheduled interest rate cut of 25 basis points in December, but the guidance for next year is to cut rates twice, far less than the market's expectation of four times. II. Market Focus 1. Stablecoin USUAL opens higher. USUAL collaborates with ENA and takes advantage of the situation to launch new mines with an annual yield of 70%. Stablecoins can simultaneously mine contract returns and national debt returns. This round of DEFI innovation mainly focuses on stablecoins and on-chain exchanges. 2. MEME's PENGU surges strongly after cultivating community culture for four years; more diamond hands are seen. 3. The on-chain AI ARC soars high as it plans to create a coin pair trading platform similar to VIRTUAL's platform.
