Japan’s cabinet approved a bill adding crypto to the list of assets the nation’s investment funds and venture capital firms can acquire. Source
Japan Moves Closer to Allowing Venture Capital Firms to Hold Crypto Assets
Day: February 19, 2024
Binance Futures to launch ORDI perpetual contract
Cryptocurrency exchange Binance announced the listing of the ORDI perpetual contract. According to a post on Binance Futures, the platform will launch a USDC-margined ORDI perpetual contract on Feb. 22, 07:00 (UTC), with up to 75x leverage. The maximum financing rate for the ORDIUSDC perpetual contract at launch will be +2.00% and -2.00%. The funding fee calculation frequency will occur every four hours. Users will be eligible for a 10% discount on trading fees for all USDC margined futures contract trades until April 03, 12:30 pm (UTC). Following the news,…
Crypto Analyst Unveils Top AI Trend And Coins This Bull Run
In a recent analysis via X (formerly Twitter), the renowned crypto analyst Miles Deutscher has cast a spotlight on artificial intelligence (AI) as the paramount sector poised for significant performance in the ongoing crypto bull run. With a keen focus on Decentralized Physical Infrastructure (DePIN), Deutscher not only forecasts this niche to burgeon into a $3.5 trillion industry by 2028 but also underscores an unprecedented opportunity for early investors. “AI will be one of crypto’s top performing sectors this bull run,” Deutscher states, emphasizing the strategic advantage of investing in…
Silicon Valley Giant Y Combinator Now Looks to Invest in Stablecoin Finance
YC said that although $136 billion worth of stablecoins have been issued to date, the opportunity in the sector is “much more immense still.” Despite the massive value of the tokens issued, only about seven million people have transacted with stablecoins, and there are only a handful of major stablecoin issuers. Source
Ether Could Be the Next 'Institutional Darling,' Bernstein Says
Ether is probably the only digital asset other than bitcoin likely to get spot ETF approval from the SEC, the report said. Source
WorldCoin’s WLD Sets Lifetime Peak as AI Tokens Jump After OpenAI’s Sora
Sector tokens jumped 7.7% on average in the past 24 hours, CoinGecko data shows, with Ocean Protocol’s OCEAN and Fetch.AI’s FET rising more than 10%. Meanwhile, the CoinDesk 20 Index (CD20), a benchmark for the biggest and the most liquid cryptocurrencies, rose 2.68% in the past 24 hours. Source
Grayscale’s spot Bitcoin ETF GBTC outflows hit $7b
Crypto asset manager Grayscale continues to see a slowdown in outflows from its Bitcoin (BTC) spot exchange-traded fund (ETF). In a Feb. 19 post on X, co-founder of ETF Institute Nate Geraci reported that the total outflow of funds from Grayscale’s GBTC since its conversion to a spot Bitcoin ETF has reached $7 billion. However, at the same time, the pace of asset outflows has slowed significantly, with Geraci noting that the “bleeding” may be close to stopping. GBTC has $7bil outflows in past 5 weeks… What a chart. Outflows…
Sui Overtakes Aptos, Cardano in Value Locked; Sees $310M Inflow in 30 Days
Sui, the layer 1 blockchain built by a group of former Meta (META) employees, has experienced a cascade of inflows this month in a spike that has seen it overtake Cardano, Near and Aptos in terms of total value locked (TVL). Source
ARK Invests Sold Nearly Half a Million Coinbase (COIN) Shares After Earnings Beat
The Cathie Wood-led investment firm sold 397,924 COIN shares from ARK Innovation ETF (ARKK), 45,433 shares from ARK Next Generation Internet ETF (ARKW), and 55,792 shares from ARK Fintech Innovation ETF (ARKF), bringing the total number of shares sold to 499,149. Source
2 Reasons Bitcoin (BTC) Could Challenge Record High of $69K Before Halving
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