Ethena’s USDe, which uses BTC and ETH as backing assets, combining them with equal-value short perpetual futures positions to generate yield, and DeFi platform Pendle’s BTC staking, which, as of last week, offering a floating yield of 45% stands to benefit as well, Hayes explained. Source
“The size of the rate cut matters because it could lead to different market reactions. While a 25 bps cut would likely boost markets, a 50 bps cut might signal recession concerns, potentially triggering a deeper correction in risk assets,” said Alice Liu, research lead at CoinMarketCap, in an email to CryptoX. Source CryptoX Portal
Spot Bitcoin exchange-traded funds in the U.S. saw a 13-fold surge in net inflows on Sept. 17, while spot Ether ETFs faced outflows for the second consecutive day. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $186.76 million, 1360% higher than the $12.9 million inflows recorded the previous day. Fidelity’s FBTC led the charge with $56.6 million flowing into its fund. Notably, the ETF recorded net inflows for seven consecutive days, with $279.7 million entering it. Bitwise’s BITB and ARK Invest and 21Shares’ ARKB…
Este artículo también está disponible en español. The recent XRP price action has sparked a broader bullish sentiment among crypto investors and analysts. The cryptocurrency’s 10% surge in the last week has driven the price above levels not seen in nearly a month, continuing its green performance in most long-term timeframes. As a result, some market watchers have set their bullish targets for the cryptocurrency, claiming that the multi-year consolidation is coming soon to an end. Related Reading XRP To Reclaim $0.75? XRP’s price suffered a massive drop when the…
Circle, a financial services company, and Sony Block Solutions Labs, a Sony Group company, have partnered to launch USDC, a dollar-pegged stablecoin, on Soneium, an Ethereum L2 blockchain. The collaboration includes the launch of Bridged USDC on Soneium to be part of the economy of the emergent ecosystem, becoming a primary token for value exchange. […] Source BitcoincryptoexchangeExchanges CryptoX Portal
“The main reason for launching USDS is that, while existing stablecoins serve a good function, we see an opportunity to create a more open and fair system that promotes innovation and, most importantly, rewards those who build the network,” CEO Mike Belshe said in an interview with CoinDesk before his keynote at Token2049. “A stablecoin’s true value comes from the people using it, the liquidity they provide, and the access points for interchange.” Source
BNB price started a fresh increase above the $542 resistance zone. The price is now consolidating gains and might aim for more gains above $550. BNB price started a fresh increase above the $540 resistance zone. The price is now trading below $550 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $550 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $540 pivot level to start another increase in the near term.…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Este artículo también está disponible en español. The cryptocurrency market, led by the largest cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), surged on Tuesday to levels not seen in over a month in anticipation of the Federal Reserve’s (Fed) imminent announcement of its first interest rate cut since the COVID-19 pandemic. However, despite these expectations or what the outcome of the Fed’s announcement could have on the market, on Bitcoin Halving years, the fourth quarter (Q4) is usually significantly bullish for the two largest digital assets and the broader market. Exploring…