Zodia Markets, a cryptocurrency subsidiary of Standard Chartered, is reportedly on the verge of acquiring Elwood Capital Management. This move signifies the growing intersection of traditional banking and the burgeoning crypto sector. The parties have not officially confirmed the deal. Yet, the acquisition is anticipated to be finalized by the
Crypto presales, or ICOs, provide investors access to new tokens at preferential prices before they launch. Finding these hidden gems can be challenging and may require expertise. Thus, this analysis identifies and explores three top presales dominating the market: ETFSwap (ETFS), BlockDAG (BDAG), and Moonbag (MBAG). Among these, ETFSwap (ETFS)
Ethereum’s recovery rally has gained momentum, with the price jumping in the last 48 hours, as Bitcoin sustains its position above the crucial $56,000 support level. The recent surge in ETH’s price, coupled with $52M in short-side liquidations, suggests that the bearish grip on the Ethereum price trend is loosening.
Launched via a cooperation with custodian company Paxos in August 2023, PayPal’s USD-pegged stablecoin PYUSD has had its market supply surpass 500 million tokens. By the end of 2023, PYUSD’s supply had grown to 230 million after its launch. According to statistics compiled by DeFiLlama, the total quantity of stablecoins
The cryptocurrency market has been grappling with bearish sentiment since late June, pushing Bitcoin to a five-month low below $54,000 and Ethereum to a two-month low under $2,820 last week. The global market cap dipped below $2 trillion, and many altcoins hit yearly lows with significant double-digit declines. In the
Grand Cayman, Cayman Islands, 9th July 2024, Chainwire
The cryptocurrency market has witnessed a prolonged downtrend as the bears put pressure on the potential bull market. The entire market was bleeding lately. However, the global crypto market cap is up 3.21% to $2.11 trillion over the last day. Similarly, the total crypto market volume increased by 33.78% to
BlackRock’s BUIDL token, created in partnership with Securitize and backed by U.S. Treasuries, has exceeded a market value of $500 million. Ethereum blockchain data from Etherscan confirmed the milestone on Monday. BUIDL token was introduced in mid-March and rapidly accumulated $502.8 million in tokenized treasuries within four months. This significant
The cryptocurrency community, after experiencing a fretful week, has seen signs of market recovery on the horizon. As Bitcoin and other cryptocurrencies begin to exhibit a pause to plummeting prices, the overall market has shown a 4.15% increase in market cap. Leading Altcoin Ethereum showed a price increase of 5.09%
Dogecoin (DOGE), the popular meme coin, has witnessed a decline in its derivatives market activity, with the total open interest cratering to $2.51 billion as of writing. This marks the lowest level of open interest since the beginning of the year, indicating a substantial decrease in the number of outstanding
