January 2024

DEFI Token Hits Seven Major Exchanges – A Milestone Achievement

January 31, 2024 boss

January 30, 2024 – Dubai, United Arab Emirates DEFI token secures listings on the seven most popular crypto exchanges, including ByBit, KuCoin, Gate, MEXC, Bitget and Bitmart. Trading will start on January 31, 2024. De.Fi, the largest Web 3.0 super-app, excelled with the most prominent public sale in 2023, raising a staggering $17 million. Today, the team unveiled the thrilling news to their dedicated community. The highly anticipated DEFI token is set to make its debut on seven top-tier exchanges, including ByBit, KuCoin, Gate, MEXC, Bitget and Bitmart. The listing event…

Jupiter’s JUP Token Soars After Massive $700M Airdrop to Solana Wallets

January 31, 2024

Right at the beginning of the airdrop, when the launch pool on Meteora was just finding its footing, an trading bot known as roobot.sol paid validators a $50,000 tip to process its monster $625,000 trade: 1.56 million JUP at around $0.42 apiece, said Andrew Thurman, a contributor to the Jito Foundation. Source

Shiba Inu Prints Rare Bullish Signal, Eyes This Price Target

January 31, 2024 boss

Since the Shiba Inu (SHIB) reached a local high of $0.00001193 on December 16 last year, the price has been in a downtrend characterized by a series of lower highs and lower lows. However, renowned crypto analyst Ali Martinez has now discovered a rare bullish signal that could end this trend. Shiba Inu Price Flashes Rare Bullish Signal A recent analysis by Martinez (@ali_charts) indicates a potential bullish movement for Shiba Inu (SHIB) based on the TD Sequential indicator. Martinez’s chart, shared via X (formerly Twitter), shows SHIB in a…

From Speculation to Fundamentals: A New Paradigm for Crypto Markets

January 31, 2024

New markets take time to mature and crypto is no different. The next stage will see more attention given to fundamental metrics and better data will drive the change, says Michael Nadeau, founder of The DeFi Report. Source

How the Launch of Spot ETFs Could Dampen Bitcoin’s Volatility

January 31, 2024 boss

The approval of a wave of bitcoin exchange-traded funds will lead to a more mature market structure, say Vivek Chauhan and David Lawant, of FalconX. Original

Chris Dixon Talks Techno-Optimism, Permissionless Innovation and the Need for Crypto

January 31, 2024

The renowned a16z VC talks to Daniel Kuhn about his new book, “Read Write Own: Building the Next Era of the Internet.” Source

FTX Expects to Pay Crypto Customers in Full, Won’t Restart Exchange

January 31, 2024

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Tether Reports $6.2B Profit in 2023 as USDT Market Cap Grew to Record High

January 31, 2024

Through last year, the company booked $6.2 billion in net operating profits, with some $4 billion from interest earned on Treasury holdings. The company has directly benefited from the Federal Reserve’s campaign of raising interest rates to combat inflation, since that effort has lifted payouts from the fixed-income investments Tether buys. Source

Introducing Merlin Chain, a Native L2 Solution – Blockchain News, Opinion, TV and Jobs

January 31, 2024

NewYork, United States, January 31st, 2024, Chainwire This week, the much-anticipated Bitcoin L2 solution Merlin Chain went live on its testnet, while its mainnet is scheduled to be launching within a month as well. Bitcoin’s Network Congestion Dilemma and Scaling Solutions The evolution of Ordinals over the past year has brought the attention back to the Bitcoin ecosystem after a long period. While enhancing the excitement of the bitcoin ecosystem, it has also increased the exhaustion of network resources. The increasingly high cost of transactions, coupled with the rising price…

Global X Pulls Out of Spot Bitcoin (BTC) ETF Application

January 31, 2024 boss

The exit comes three weeks after eleven other issuers listed their ETFs on the market on Jan 11. Asset management giant BlackRock’s iShares Bitcoin Trust (IBIT) is leading the race so far with more than $2.6 billion in total flows over 13 days of trading, followed by Fidelity’s Wise Origin Bitcoin Fund. (FBTC) Original