Day: February 28, 2024

BlackRock Bitcoin ETF (IBIT) Breaks Massive Volume Record Amid Wild BTC Price Action

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Exclusive Interview with Stacks Co-creator Muneeb Ali

TERRA-FI-ING? If it seems too good to be true, it sometimes is. But hope springs eternal that the crypto project Ethena’s new USDe token might prove sustainable despite yields that typically might signify high risk. Described as a “synthetic dollar” rather than a stablecoin, USDe is backed by Ethereum liquid staking tokens such as Lido’s stETH, but paired with short ETH perpetual futures positions on derivatives exchanges. As of Monday, the annualized yield was calculated at 24%, and according to DeFiLlama, the project has already pulled in nearly $500 million…

TON Skyrockets 25% As Telegram Unveils New Revenue Sharing Feature, Crossing $3 Mark

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In a notable development for the cryptocurrency world, Telegram, the popular social media platform, has introduced an ad revenue-sharing system for channel owners on its native blockchain TON. This move has resulted in a significant 25% price spike for TON, surpassing the $3,016 mark. Previously known as Gram, TON is the native cryptocurrency of The Open Network (TON), a decentralized Layer 1 (L1) protocol. With the introduction of this new feature, Telegram aims to create a mutually beneficial ecosystem where channel owners can be financially rewarded for their efforts. Telegram…

ARK Invest, 21Shares partner with Chainlink on Bitcoin ETF transparency

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ARK Invest and 21Shares have partnered with Chainlink to enhance the transparency of its Bitcoin ETF. The announcement of this integration aims to provide unparalleled insight and security for ARK 21Shares Bitcoin ETF (ARKB) investors’ assets, utilizing Chainlink’s Proof of Reserve platform for holdings verification, according to 21Shares Co-Founder and President Ophelia Snyder. The initiative marks a notable step in the cryptocurrency industry, positioning ARK and 21Shares as the second spot Bitcoin ETF issuer to make their holdings data accessible onchain. “Asset managers Ark Invest and 21Shares have taken a…

Here Are The Factors Driving The Shiba Inu Recovery Above $0.00001

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Shiba Inu (SHIB) is on a roll, having again broken above the crucial $0.00001 resistance level. This recent price surge from the meme coin is believed to be propelled by several factors that undoubtedly provide a bullish narrative for the crypto token.  Burn Rate Contributes To The Shiba Inu Rise Data from the burn tracking website Shibburn shows that SHIB’s burn rate has increased exponentially as of late, contributing to the meme coin’s latest price surge. According to Shibburn, almost 103 million SHIB tokens have burned in the last 24…

Bitcoin ETFs see record-high trading volumes

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Retail traders appear to be using a new tool during this huge rally for bitcoin — exchange-traded funds. The funds, which launched last month, have seen their trading volume surge this week as bitcoin continues to climb. For example, the iShares Bitcoin Trust (IBIT) had already seen more than 61 million shares change hands by early afternoon on Wednesday, according to FactSet. That is well above its previous record high of roughly 43 million shares, which came on Tuesday. Another multibillion dollar fund, the Fidelity Wise Origin Bitcoin Fund (FBTC),…

Dogecoin and Bitcoin holders exploring Kelexo

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Interest in the Kelexo (KLXO) presale has been rising, especially among Dogecoin (DOGE) and Bitcoin (BTC) holders. Dogecoin stalls Dogecoin is a decentralized currency that allows its users to use it for free. The network employs cryptography to guarantee the security of every transaction and the Dogecoin digital ledger is updated continuously with new ones.  However, the security of Kelexo is way better. As a reward for maintaining the…