The native token of decentralized liquidity platform Synthetix (SNX), rose by 12.5% during European hours on Monday following significant outflows on Binance. Source
Synthetix Posts 12.5% Gain Amid Binance Outflows, Bucks Bearish Bitcoin Trend
Day: September 4, 2023
ETH Spot ETF, DeFi ETF Applications to Follow BTC Spot ETF Approval as Asset Management Seeks Fees: Bernstein
The asset management industry is expected to push beyond bitcoin and ether into areas including other top blockchains, such as Solana and Polygon, and even leading decentralized finance (DeFi) assets, the note said. DeFi is an umbrella term used for lending, trading and other financial activities carried out on a blockchain, without traditional intermediaries. Source
London Stock Exchange Group Plans to Embrace Blockchain Technology for Operational Efficiency
Murray Roos clarified that the exploration of blockchain does not mean that the exchange is delving into cryptocurrencies like Bitcoin and Ethereum. The London Stock Exchange Group (LSEG), one of the oldest and most reputable stock exchanges in the world, is embarking on the integration of blockchain technology into its operations according to a report by Financial Times. London Stock Exchange Group and Its Interest in Blockchain The reputable exchange has been in operation for centuries, facilitating the trading of stocks and other financial assets using traditional methods. The increasing…
Chinese EV Companies Li Auto, Xpeng, and Nio Scale Forecasts for Deliveries
Li Auto, Xpeng, and other Chinese EV companies hit good numbers for deliveries, scaling YoY and Month over Month numbers. Chinese electric vehicle makers Li Auto (NASDAQ: LI), Nio (NYSE: NIO, and Xpeng Inc (HK: 9868) announced that their vehicle deliveries for the month of August were in line with guidance set for the third quarter of 2023. All three Chinese EV companies announced these deliveries as they scale through a challenging global market. Nio announced that it successfully delivered 19,329 vehicles in August. This figure was over 1,000 less than delivered in…
Pro-XRP Legal Expert Takes The Spotlight With Daring Ripple Vs SEC Settlement Theory
There have been talks about the US Securities and Exchange Commission (SEC) and Ripple Labs reaching a settlement following the ruling that XRP isn’t a security. Following this, Pro-XRP lawyer John Deaton has stated a key factor that could lead to a settlement between both parties. Coinbase’s Motion Key To Settlement In a tweet released on the X (formerly Twitter) platform, Deaton stated that the “only way” the SEC and Ripple can settle this year is if Judge Failla grants Coinbase’s motion to dismiss the SEC’s lawsuit against it. The…
Shibarium Achieves 1 Million Wallets Milestone amid SHIB Price Challenges
Kaal Dhairya, one of the key developers behind Shibarium, has revealed a series of significant upgrades aimed at bolstering the network’s capabilities while appreciating the community’s efforts to adopt the protocol. Shibarium, a layer-2 network associated with the Shiba Inu (SHIB) protocol, has reached a remarkable milestone, surpassing one million wallets within its ecosystem. This achievement stands out in the face of SHIB’s recent price decline of over 20% since the network launched in August. Shibarium’s recent surge in activity and the increase in wallets can be attributed to several…
Superbowl Ads Featuring Larry David, Tom Brady Cast Doubt on FTX.US Separation, DOJ Says Ahead of Sam Bankman-Fried’s Trial
Sam Bankman-Fried, FTX’s founder and former CEO, is sparring about exactly what evidence the government can bring in support of charges that include wire fraud – and he’s accused the DOJ of introducing corruption and campaign finance allegations through the back door. Bankman-Fried has pleaded not guilty, and the trial starts Oct. 2. Source
FTX Moves $11M Worth of Crypto, Stirs Rumors of Potential Token Dump
The token movements have sparked rumours that the exchange might be gearing up for potential sell-offs. All eyes are on the bankrupt cryptocurrency exchange FTX after a wallet owned by it was found to have moved a significant amount of crypto assets. According to blockchain analytics platform Arkham Intelligence, the FTX wallet has moved more than $10 million worth of digital assets from the Solana network to Ethereum within the last couple of days. In detail, Arkham’s data suggest that the transfers began on August 31. And, so far, the…
Grayscale’s Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorgan
Spot bitcoin ETFs have existed for some time outside the U.S., but have failed to attract considerable investor interest, and bitcoin funds overall, both futures-based and physically backed funds, have attracted little investor interest since the second quarter of 2021, the report added. Original
Bitcoin flatlines again, but TON, LINK, MKR, XTZ are poised for up-move
Bitcoin (BTC) tried to break out of its range in the first half of last week, but the bulls could not sustain the higher levels. Bitcoin is back inside the range and is trading near the $26,000 level. The price action of the past few days has formed two successive Doji candlestick patterns on the weekly chart, indicating uncertainty about the next directional move. Although it is difficult to predict the direction of the breakout, the downside could be limited in the near term on expectations that the United States…