CoinDesk 20, a liquid index of the highest traded tokens, slumped 2.86% in the past 24 hours. Source
Solana (SOL), Cardano (ADA) Lead Crypto Market Lower as Traders Grapple With BTC Headwinds
Month: January 2024
B. Riley and Nomura Entangled in SEC Probe’s Into Crypto Backer: Bloomberg
According to the report, Kahn has been a “longstanding client” of B. Riley, and the bank had helped him lead a “management buyout of Franchise Group, or FRG, a retail company based in Delaware, Ohio.” Additionally, Nomura, a major Japanese financial group, had “led a $600 million lending syndicate for B. Riley to help finance Kahn’s takeover,” the report said, citing loan documents. Source
BITO Volume Tanks 75% As Focus Shifts to Spot Bitcoin ETFs
“The risk of being exposed or unhedged is very high, so BITO will provide decent cover, although it is not a perfect hedge as there is slippage and a decent cost to buy BITO,” Kssis added. “But many APs won’t have a choice (since they can’t buy bitcoin or are not allowed to touch them by their compliance dept) or even won’t have the infrastructure, i.e., custodian, or back office system to reconcile their positions.” Original
Ethereum dominates Bitcoin, Solana and NuggetRush poised for growth
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum’s dominance over BTC has increased by 22.4%. Solana reclaims key support NuggetRush is carving out a unique niche in GameFi Ethereum has outperformed Bitcoin in terms of investor sentiment post-ETF approval. As a result, ETH’s dominance over BTC has increased by 22.4%. In the meantime, a few of the best altcoins have capitalized on the optimism around ETH. Solana (SOL) has reclaimed a key resistance level. Also, NuggetRush is closing…
10% Gain Sparks $350 Price Predictions
In the volatile world of cryptocurrencies, Binance Coin (BNB) has emerged as a strong contender, decoupling from the market’s recent downturn. While other digital assets fell, BNB showcased resilience, demonstrating a price surge towards a critical level that could dictate its future trajectory in the days to come. At the time of writing, BNB was trading at $318, reflecting a solid 10% increase over the past seven days. With a market capitalization exceeding $47 billion, BNB’s performance overshadowed its counterparts, capturing the attention of both investors and analysts alike. Binance…
Dogecoin (DOGE) and Floki (FLOKI) Bullish Bets Rise on X Payments Speculation
Trading volumes for both tokens shot up 200% over the weekend, CoinGecko data shows, even as broader crypto volumes remained relatively lower amid little volatility. Elsewhere, futures tracking the tokens saw open interest rise to a cumulative $430 million from $200 million, indicative of rising bets. Source
Ondo Points Program Launches | Blockchain News
The Ondo Foundation, a major player in the decentralized finance (DeFi) sphere, recently unveiled its innovative Ondo Points program alongside plans for unlocking ONDO tokens. These significant initiatives reflect Ondo’s commitment to democratizing finance and enhancing transparency in the global financial landscape. Ondo Points Program – A Community Engagement Booster Initiated on January 8, 2024, the Ondo Points program is tailored to amplify community engagement and heighten awareness of the Ondo Ecosystem’s offerings. This program, comprising three distinct campaigns, is a strategic move to incentivize active participation while nurturing a…
Virginia State Senate introduces crypto legislation
The Virginia State Senate has introduced legislation addressing the mining and transactions of digital assets, along with their tax treatment. Senate Bill No. 339 (SB 339), proposed by 34-year-old Senator Saddam Azlan Salim on Jan. 9, is currently under discussion in the Senate. If approved, it will proceed to the House of Delegates for consideration before potentially becoming law. Breaking News! Virginia introduces bill (SB339) to Protect Your Fundamental #Bitcoin Rights to self-custody, mine, and run a node! https://t.co/4fnZEg6zCF Introduced by Senator Saddam Salim this legislation will continue to help…
Terraform Labs Declares Bankruptcy in Delaware
Terraform Labs recently lost a case when a U.S. judge ruled that LUNA and MIR are securities, and is currently facing a class action lawsuit in Singapore. Source
Why Indonesia’s Upcoming Elections Could Make or Break the Country’s Vibrant Crypto Sector
Another candidate pair is made up of presidential hopeful Ganjar Pranowo and his running mate Mahfud MD, who is a veteran politician and constitutional law expert. They haven’t talked about crypto during the campaign, but back in 2022, when non-fungible tokens (NFT) were having a moment, Ganjar, the governor of Central Java at that time, praised the creativity of NFTs. Source