Ethena offers a 27% annualized reward to holders of its USDe stablecoins, a yield mostly generated by shorting ether futures. Source
DeFi Platform Earning Yield by Shorting Ether Attracts $300M
Month: February 2024
Worldcoin (WLD) Just Added 170% To Its Value
Worldcoin (WLD), a blockchain-based project fueled by biometric verification, has ignited a firestorm of investor interest, skyrocketing 170% in the past week to reach a record high of $7.48. This meteoric rise stands out against a backdrop of sluggish performance in many other altcoins, prompting questions about the driving forces behind this surge and its potential for longevity. WLD notching an impressive 170% rally in the last week. Source: Coingecko Worldcoin: Bullish Metrics And AI Hype Fuel The Flames Several factors appear to be stoking the flames of Worldcoin’s current…
BTC Order Books Are Most Liquid Since October as Market Depth Nears $540M
Early Tuesday, bitcoin’s 2% market depth across 33 centralized exchanges, or the combined value of buy and sell orders within 2% of the market price, rose to $539 million. That’s the highest since October and a roughly 30% increase since the spot ETFs hit the market on Jan. 11, according to data tracked by Paris-based Kaiko. Source
Bitcoin Cash profits shift to Deestream presale as Ethereum investors sell at peak
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors from BCH and ETH are eyeing DeeStream (DST) at $0.035 as the next big investment. Bitcoin Cash and Ethereum are among some of the coins making waves in the market. Investors looking to reinvest the gains from these projects are highlighting the new streaming coin, DeeStream (DST), which is selling for just $0.035. Bitcoin Cash is enjoying a good start to the year Bitcoin Cash price has risen…
Hedera (HBAR) Soars By 13%, Analyst Predicts Doubling Soon
Hedera (HBAR) has surged by 13.7% in the past 24 hours and a notable 31.5% over the last week. This uptick is part of a broader “altcoin season,” where select altcoins are experiencing significant gains. Scott Melker, a prominent figure in the crypto analysis space, today shared his insights into the altcoin market and specifically on HBAR’s potential for growth. Altcoin Market Overview Melker, also known as the “Wolf of all Streets,” has highlighted the significance of the Total 3 market cap, which excludes Bitcoin (BTC) and Ethereum (ETH), to…
Tron (TRX) investors add DeeStream (DST) after Binance Coin (BNB) funds puts huge investments into innovative presale
The creation of cryptocurrencies was a turning point for tech and finance. Cryptocurrencies changed investments. It spurred people to reimagine the concept of “money”. Today, almost everyone appreciates the profitability of cryptocurrencies and invests accordingly. In a way, it has also become quite competitive. Crypto investing is now all about the question, “Which of these coins would be the most profitable?” This is why holders of renowned cryptocurrencies like Tron (TRX) and Binance Coin (BNB) still invest in other coins. Tron (TRX) and Binance Coin (BNB) holders want to expand…
Jim Bianco Warns of Potential Risks in Bitcoin Market Due to Spot Bitcoin ETFs
Jim Bianco has raised concerns over the potential for a new kind of volatility in the bitcoin market, spurred by the dominance of speculative traders in the recently approved spot bitcoin ETFs. This development, he warns, could lead to significant regulatory repercussions for the broader crypto industry. Spot Bitcoin ETFs Could Spell ‘Vol-Mageddon’ for Crypto, […] Original
BlackRock spotlights Bitcoin ETF with progress-driven ad campaign
BlackRock, the world’s largest asset manager, has intensified its advertising efforts for its new spot Bitcoin exchange-traded fund (ETF), positioning the digital asset as a symbol of “progress.” The campaign for the IBIT fund adopts a notably understated style, especially when compared to the more flamboyant marketing strategies of its rivals. The advertisement features a simple design with a yellow background, showcasing a plane’s silhouette on a runway, accompanied by the message: “Get your share of progress.” BlackRock spot ETF advertisement | Source: X This approach has caught the attention…
Ethereum bulls target $3k; InQubeta dominates Reddit
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. The crypto market is witnessing a notable resurgence, with Ethereum leading the charge. The second-best cryptocurrency by market capitalization has seen a significant price increase, reigniting discussions and optimism among investors and enthusiasts alike. Amidst this renewed vigor, a new project, InQubeta, is capturing the imagination of the community, especially on platforms like Reddit. Ethereum is rising Ethereum’s…
Swiss Crypto Hedge Fund Tyr Capital Clashes With Client Over FTX Exposure: FT
Tyr investor TGT has brought claims against the hedge fund that it ignored several warnings over its ties with FTX. Source