Month: March 2024

Xuirin Finance (XUIRIN) Launches Presale, Aiming to Transform the DeFi Sector

PRESS RELEASE. In a significant stride towards revolutionizing the decentralized finance (DeFi) landscape, xuirin Finance is excited to announce the launch of its presale, effective immediately. This pivotal event marks a monumental milestone for the innovative DeFi platform, known for its comprehensive suite of services designed to transform how international transactions are conducted. xuirin Finance, […] Source CryptoX Portal

Historical Trends Unveil Bitcoin Peak Timing in Current Bull Cycle

boss

Since the price of Bitcoin broke its previous all-time high, it has shown immense momentum, surging even higher, surpassing the $72,000 price mark, while leading the charge to what is considered the “biggest bull run in history.” Bitcoin Lengthening Cycles Beyond Previous All-Time High Many crypto analysts predict the world’s largest cryptocurrency will peak within the next few months following the surge. Some have even pinpointed the exact timeframe in which this might happen in this bull cycle. Rekt Capital, a cryptocurrency analyst and trader, has shared his insights on…

Nibiru Chain Debuts Public Mainnet Along With Four Major Exchange Listings

boss

March 12, 2024 – Tortola, British Virgin Islands Nibiru Chain, a developer and user-centric layer one platform, has officially launched its public mainnet. Nibiru Chain stands out by offering a secure and efficient environment for building highly-performant DApps (decentralized applications). It is distinguished by its robust smart contract ecosystem offering superior throughput and unparalleled security, making it the go-to platform for builders in gaming, RWAs (real-world assets), NFTs, DeFi and more. Empowering users with a rich ecosystem At launch, Nibiru Chain offers a wide range of functionalities to its community…

Patient Capital Management replaces Grayscale Bitcoin Trust with crypto ETP

boss

Patient Capital Management filed with the SEC to purchase spot Bitcoin ETFs for 15% of its Opportunity Trust Fund. According to an updated filing with the U.S. SEC, Patient Capital Management has amended its existing filing to update its risk factors. The application now states “cryptocurrency regulation risk” instead of “Bitcoin (BTC) risk.” “All references to Grayscale Bitcoin Trust throughout the Summary Prospectus are replaced with references to Bitcoin ETPs. Previously, the fund’s exposure to Bitcoin was limited to investment in Grayscale Bitcoin Trust, a privately offered investment vehicle whose…

BlackRock’s IBIT leads spot Bitcoin ETFs with $14.7b in AUM

boss

BlackRock spearheads proceedings with 203,754 BTC accumulated for investors in under three months as the Bitcoin ETF market expands.  BlackRock’s iShares Bitcoin ETF (IBIT) boasts a notional value of $14.7 billion as of March 11, according to the asset manager’s official data updated on March 12. Excluding Grayscale’s converted GBTC ETF, this makes IBIT the largest Bitcoin (BTC) ETF among the nine new funds approved on Jan. 10 by the U.S. SEC. iShares Bitcoin ETF holdings | Source: BlackRock The closest issuer to BlackRock was Fidelity’s FBTC, with $9.2 billion…

Bitcoin’s all-time high leads to record $600m liquidity depth

boss

The depth of the Bitcoin market reached a record $600 million, coinciding with Bitcoin’s recent all-time high. Experts added that this situation indicates traders are taking profits as the historical maximum is renewed. On March 4, open interest in Bitcoin (BTC) perpetual contracts jumped nearly $2 billion to a multi-year high of $15 billion before falling $1.4 billion the next day. Experts concluded that the preservation of financing rates near the peaks indicates the stability of demand for the asset. However, on-chain analysis showed a relatively slow increase in new…

Solana Demand Soars As Institutions Buy Up SOL At A Massive 870% Premium

boss

Solana (SOL) looks to be attracting the attention of institutional investors, with this Solana fund trading as high as an 870% premium following SOL’s bullish momentum. These investors’ interest in the SOL token isn’t surprising as on-chain metrics suggest it is still undervalued, and a parabolic rise might be on the horizon.  Grayscale Solana Trust Trades At A Premium  Per data from Grayscale’s website, the Grayscale Solana Trust (GSOL) is currently trading at $317 per share, representing a significant premium from SOL’s current price. The premium had risen to 870%…

Coinbase CEO discusses Bitcoin’s necessity in light of US debt growth

boss

Coinbase CEO Brian Armstrong explains the importance of Bitcoin in response to the United States’ $30 trillion surge in national debt over the last 28 years. In the context of the United States’ burgeoning national debt, Robert Sterling, CFO of 20 Dollar Consulting, highlights the alarming rate at which the U.S. debt has grown, underscoring a bipartisan trend of fiscal expansion under successive administrations. Sterling points out that the acceleration of debt accumulation began with George W. Bush and continued through the previous three presidencies. Significant milestones were crossed in…

NFT Providers May Need FCA Registration to Comply With UK Money Laundering Rules

The government has been refining its crypto regulation environment, and last year said it planned to bring crypto exchanges and custody providers into the new crypto authorization regime. Currently, the firms must be registered with the FCA, which covers money laundering and terrorism financing safeguards, to be able to operate in the country. Once the new regime is up and running, that won’t be necessary. Source