Day: November 19, 2024

Securitize Unveils Vault System to Revolutionize Institutional Defi Liquidity

Securitize has rolled out its S-Token Vault, utilizing ERC4626 technology to elevate liquidity and streamline portfolio management for institutions holding tokenized real-world assets (RWAs). Bridging Finance and Defi: Securitize Launches Next-Gen S-Token Vault The project, revealed in a statement shared with Cryptox.trade News, was developed by Securitize Credit, a subsidiary of Securitize. It links up […] Source CryptoX Portal

VanEck officially supports Bitcoin’s strategic reserve

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VanEck’s head of digital asset research, Matthew Sigel, officially announced that the asset management firm advocates the concept of Bitcoin’s strategic reserve. Donald Trump’s plan to make Bitcoin the most valuable asset in the nation is gaining support from the financial industry. The exchange-traded fund (ETF) issuer, with $118 billion in assets under management, supports the idea of Bitcoin strategic reserve, which Trump announced at the crypto conference in July. “For immidiate release: VanEck Endorses Strategic Bitcoin Reserve. No need for ‘sources’ we just tell you ourselves,” Sigel mentioned on…

Bitcoin Dominance Sliding Below This Level Could Signal Start Of Altseason, Trading Firm Says

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Este artículo también está disponible en español. Bitcoin (BTC) continues its historic price trajectory, trading in the low $90,000 range at the time of writing. However, a trading firm suggests that Bitcoin dominance (BTC.D) falling below a crucial level could signal the start of the long-anticipated altcoin season. Interest Rate Cuts, Trump Administration To Propel Crypto In a recent Telegram broadcast, Singapore-based trading firm QCP Capital shared its crypto market analysis. The firm highlighted Solana’s (SOL) recent performance, noting that it outpaced Bitcoin and Ethereum (ETH) over the weekend, surging…

How Solana Meme Coin Reached a $300m Market Cap?

Ponke, launched in December 2023, quickly grew its market cap to over $300 million, becoming the tenth-largest meme coin. What is the main secret of success? In a recent interview with Decrypt, Ponke’s marketing lead, speaking in a gambling monkey costume, discussed how the product has succeeded in the Solana meme coin market. What is Ponke about? Ponke is another meme coin created on the Solana blockchain, which has already become one of the leading ones for the release of such assets in 2023-2024. Ponke is a meme monkey, similar in…

Bitcoin Mining Firm Compass Establishes 30 MW Site in Iowa

Compass Mining is constructing a new Bitcoin mining facility in Iowa, aiming to expand its self-owned infrastructure portfolio in the United States. Compass Mining’s Iowa Expansion Highlights Growing U.S. Presence Compass Mining has announced the development of a bitcoin mining facility on a five-acre site in Iowa. The company plans to energize eight megawatts (MW) […] Source CryptoX Portal

Analyst Predicts Possible 40% Crash For XRP Price With Gravestone DOJI Candle Formation

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Este artículo también está disponible en español. The long-awaited rally in the XRP price may be coming to a fast end, as a crypto analyst has predicted a 40% crash for the cryptocurrency. Despite XRP’s recent bullish momentum breakthrough to the $1 mark, the analyst has revealed that XRP is showcasing a Gravestone DOJI candlestick formation, signaling a bearish outlook for the cryptocurrency.  XRP Price Expected To Crash 40%  A crypto analyst identified as ‘Without Worries’ on TradingView has released a detailed analysis of the XRP price action, projecting a…

VanEck Gives Official Backing To Donald Trump’s Bitcoin Reserve Strategy

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On Tuesday, Matthew Sigel, the head of digital asset research at asset management firm and crypto exchange-traded fund (ETF) issuer VanEck, officially endorsed President-elect Donald Trump’s proposal for a national strategic Bitcoin reserve.  Major Financial Players Align This endorsement comes as discussions about BCT’s role in US economic policy are intensifying, most notably with Dennis Porter, co-founder and CEO of the non-profit Satoshi Action Fund (SAF), reaffirming BlackRock’s support for the strategic Bitcoin reserve.  Porter emphasized that the Trump administration is actively working towards creating this reserve through an executive…

Two Solana Ecosystem Altcoins Jump After Crypto Exchange Bithumb Announces Trading Support

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Two Solana (SOL)-based altcoins are rallying amid sudden support from the South Korean crypto exchange Bithumb. Bithumb announced spot trading support starting on Tuesday for memecoin PONKE (PONKE) and automated market maker (AMM) protocol Raydium (RAY). Amid the news, monkey-themed PONKE has shot up more than 7% in the last 24 hours, trading for $0.77 at time of writing. The memecoin is up more than 90% in the last 30 days. With a market cap of $424.4 million, PONKE is the 198th largest crypto project. PONKE also recently gained spot…