Day: October 2, 2024

Spaceport Partners With Own The Doge to Bring the Message of “Do Only Good Everyday (D.O.G.E.)” to Roblox, Fortnite and the Digital Realm with One of the World’s Most Iconic Memes, Kabosu: The Doge

LOS ANGELES, Oct. 1, 2024 /PRNewswire/ — Spaceport, the leading innovator in unlocking the power of intellectual Property (IP) and user-generated content (UGC), today announced an exciting partnership with Own the Doge, the official custodians of the Kabosu “Doge” IP. Own The Doge is committed to giving back to charity whenever possible, just like their inspiration Atsuko Sato, the Dogemother. This collaboration not only helps spread that message by increasing the visibility of the Doge IP to new audiences on digital platforms like Roblox, Fortnite and more. It also helps…

Trump’s Return To Power Could Boost XRP And Solana ETFs, Analyst Says

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The potential return of Donald Trump to the presidency could substantially impact the approval of cryptocurrency exchange-traded funds (ETFs), particularly for XRP and Solana. The regulatory environment for these digital assets, which have been criticized for quite some time now, may be more favorable as a result of the Trump administration, according to Bloomberg analyst Eric Balchunas. Trump: Impact On Crypto Trump’s policies have generated considerable speculation regarding their potential impact on the cryptocurrency market. It is possible that the manner in which regulators perceive cryptocurrencies may change if he…

EigenLayer's Token Launch Draws Scrutiny Over Supply Concerns

In some ways, the release of EigenLayer’s native EIGEN token this week was as expected; price rapidly rose moments after it was listed on exchanges, leading to a period of price discovery that culminated in a 22% slide from it’s momentary record high. But there appears to be a storm brewing behind the scenes, with several investors and community members calling foul on a lack of transparency over the token’s supply. Source

Stablecoin Transactions Constitute 43% of Sub-Saharan Africa’s Volume

Key Notes Stablecoins now make up 43% of crypto transactions in Sub-Saharan Africa due to local currency devaluation. Nigeria and Ethiopia report massive growth in stablecoin usage as individuals and businesses seek financial stability. Institutions in South Africa prefer stablecoins over Bitcoin for better liquidity management and reduced currency volatility. Stablecoins are experiencing a major shift, now comprising 43% of crypto transactions in Sub-Saharan Africa. This significant growth is mainly due to the devaluation of local currencies, prompting individuals and businesses to seek more stable financial options. A Chainalysis report…

What this means for your crypto wallet

With central banks around the world cutting interest rates and injecting stimulus, how can you position your portfolio to benefit from the resulting increase in liquidity? Read on. Macroeconomic triggers deepen Global liquidity is seeing a sharp increase as central banks around the world, particularly in China and the U.S., adopt policies aimed at pumping money into their economies.  China recently announced a $143 billion stimulus package, which is driving strong economic momentum. On top of that, the People’s Bank of China has mandated commercial banks to lower mortgage rates…

A Strategic Approach to Navigating Volatility and Risk

Cryptocurrency has evolved as a global asset class with significant implications for modern investment portfolios. Despite undeniable growth, crypto remains volatile, posing challenges for even seasoned investors. An increasingly popular solution to navigating these risks is crypto index investing. Crypto index funds are products that bundle multiple cryptocurrencies into a single vehicle, offering a diversified, systematic approach to gaining exposure to the digital asset market while mitigating some of its inherent risks. Source

Crypto Exchange ADEX Teams Up with Unizen to Enhance Trading Experience for Users 

Key Notes ADEX partners with Unizen, promising to eliminate barriers in the world of decentralized finance (DeFi) ecosystem by enabling smooth cross-chain trading across multiple blockchains. With Unizen’s interoperability protocol, ADEX will allow users to trade across eight blockchains at launch with plans to expand to more chains over time. . ADEX, a decentralized exchange (DEX), announced today that it has secured a strategic partnership with Unizen, a leading provider of cross-chain solutions, to revolutionize the decentralized trading experience for users. The collaboration aims to break down the technical and…

Grayscale ETF Revenue Outranks Rivals despite Outflow, Here’s Why

Key Notes Grayscale is the worst performing Bitcoin ETF per total outflow. Despite this, the product has a higher revenue margin than BlackRock. Its high fees account for this disparity. Grayscale Investments, one of the industry’s largest digital asset managers, has faced significant challenges since converting its flagship product, the GBTC into spot ETF. A staggering drop in Assets Under Management (AUM) at GBTC has been recorded due to aggressive investor capital outflows.  Despite this decline, Grayscale continues to generate substantial revenue, largely due to the high fees attached to…

Court Ends Pause on Kalshi’s Congressional Contracts

While it’s been fighting the agency in court, the New York-based company, which settles bets in dollars, has watched crypto-powered rival Polymarket, which is barred from doing business in the U.S., nevertheless rack up record volumes during this election year. Over $1 billion alone has been staked on Polymarket’s contract on who will win the presidency. Source