“The next phase will delve deeper into select pilots from Phase 1 where an e-HKD could add unique value, namely programmability, tokenization and atomic settlement, as well as explore new use cases that have not been covered in the previous phase,” the regulator said. Source
Thailand-based asset management funds can now launch private funds for investing in U.S. spot bitcoin exchange-traded funds (ETFs), according to the country’s securities regulator. The approval of bitcoin ETFs by U.S. regulators has opened opportunities for Thai asset management firms to gain exposure to the premier crypto asset. Only Institutional Investors and Ultra-High-Net-Worth Individuals Are […] Original
Meme coin markets have boomed in tandem with the growth of addresses on their underlying blockchains. Source
B2Broker is a premier provider of liquidity solutions, white-label platforms, CRM systems and advanced trading mechanisms. Founded in 2014, B2Broker has consistently added new features and tools to its expansive liquidity and white-label offerings. With the contribution of B2Broker’s sibling companies – B2BinPay, B2Core and B2Trader, the group delivers a comprehensive suite of B2B brokerage […] Source
Bitcoin Exchange-Traded Funds (ETFs) experienced a remarkable trading day on March 12, with a record-breaking purchase of 14,261 bitcoins. The figure not only surpasses the initial enthusiasm witnessed during the ETFs’ launch but also sets a new high for market engagement. The method for calculating these Bitcoin purchases involves dividing the daily monetary inflow by Bitcoin’s average price, highlighting the ETFs’ significant role in the market. After experiencing a downturn in inflows that coincided with a reduction in Bitcoin’s price, the ETFs have shown a strong rebound. Current trends indicate…
The BIS has been exploring the DeFi space for some time now. In 2023, the BIS said it worked with the central banks of France, Singapore and Switzerland to successfully test cross-border trading of wholesale central bank digital currencies and DeFi elements – specifically automated market makers. In 2022, two BIS papers said that DeFi could lead to bumpier financial markets and may not fix the problem of large intermediaries dominating. Source
“Do I wish I had made the decision to have thrown $10,000, $50,000, $100,000 into it?” Schiff said on an Impact Theory podcast on Wednesday in a debate with crypto investor Raoul Pal, discussing if bitcoin was going to $1 million or zero. “Sure. I may be worth hundreds of millions assuming I didn’t sell. But again, I don’t know what I would have done had I made that decision.” Source
Amidst the tumultuous seas of the crypto market, Ethereum (ETH) finds itself navigating through waves of uncertainty after a period of bullish fervor. Investors who once rode high on the tide of optimism now brace themselves for potential stormy weather ahead. The Bearish Shadow Looms The once bright horizon for Ethereum has dimmed as indicators point towards a shift in sentiment. A surge in interest in put options hints at growing apprehension among traders, seeking refuge from potential losses in speculative ventures. The rise in demand for these protective measures…
Shares of Robinhood rose over 11% in premarket trading on Thursday after the online platform reported a large increase in volumes during February. In an update after the market close on Wednesday, the company said trading activity increased across all asset classes compared with January. Equity trading volume jumped 36% to $80.9 billion, options contracts traded increased 12% to $119.1 million and crypto volumes grew 10% to $6.5 billion. Total assets under custody rose 16% from January to $118.7 billion at the end of February. Source
The upgrade allows layer 2 solutions to store data in “blobs” instead of the expensive call data. Source