Solana DEX Jupiter's JUP Token to Debut With 1.35B Circulating Supply
The JUP-USD perpetual traded at 65 cents on Aevo at press time, implying a market capitalization of $700 million at the inception.Jupiter, a Solana-based decentralized trading aggregator, is scheduled to launch its native token, JUP, through an airdrop on Wednesday at 10 a.m. EST.The token will have an initial maximum circulating supply of 1.35 billion, Jupiter's pseudonymous founder Moew said Tuesday in a forum post, downwardly revising the total number of coins available for trading from the p
dYdX Foundation Requests $30M Budget, Pledges to Issue Annual Spending Report
The Foundation supporting decentralized crypto exchange dYdX has requested $30 million in funding from the project's governing decentralized autonomous organization (DAO) to be spent over the next three years.Switzerland-based dYdX Foundation provides legal, R&D, marketing and technical support to the crypto trading project, which includes a perpetual futures contract exchange and specialty blockchain in the Cosmos and Ethereum ecosystems. The Foundation's goal is to grow dYdX into "the exchange
The fund now holds nearly 50,000 bitcoin after adding almost another 4,300 tokens on Thursday.The BlackRock iShares Bitcoin ETF (IBIT) on Friday became the first of the recently launched spot bitcoin products to reach $2 billion in assets under management (AUM). This doesn't include Grayscale's GBTC, which had nearly $30 billion in AUM at the time of its conversion from a closed-end fund to a spot ETF.Investors added about $170 million to IBIT on Thursday, with the fund purchasing nearly another
U.Today - Colin Wu, a prominent figure in the crypto journalism space, has reported that Mt. Gox recently initiated an email verification process for users, seeking confirmation of ownership for exchange address accounts designated as payment addresses for Bitcoin (BTC) and Bitcoin Cash (BCH).This move follows December 2023 reports from creditors who confirmed receiving compensation in Japanese yen through their PayPal (NASDAQ:PYPL) accounts, with the ongoing repayments scheduled to extend into
Ethereum is encountering a massive sell-off exceeding $1 billion. The source of this enormous market movement can be traced back to Celsius, which reportedly transferred a staggering 459,561 ETH, valued at approximately $1.014 billion, to various exchanges.The distribution of this sell-off was as follows: 297,454 ETH ($656.5 million) moved to Coinbase (NASDAQ:COIN) Prime, 146,507 ETH to Paxos Treasury and smaller amounts of 7,800 ETH each, totaling $17.2 million, were transferred to FalconX and
Altseason 2024: Investors Diversify With Solana and Retik Finance As Bitcoin Slides below $40,000
The landscape of cryptocurrency is evolving. Bitcoin (BTC), once considered the undisputed leader, is currently facing market challenges with its value edging towards $40,000. However, in the ever-changing tide, a new wave is emerging, and smart investors are enthusiastically exploring the booming altseason of 2024.In this dynamic environment, two noteworthy players are gaining attention: Solana (SOL), renowned for its rapid blockchain technology, and Retik Finance (RETIK), a promising DeFi newc
Alt Season Meaning in Crypto Altseason is a stage in the cryptocurrency market when the price growth of 75% of altcoins from the top 50 list significantly exceeds the profitability of Bitcoin. Understanding what is alt season crypto is essential
Alt season, or “altseason crypto,” occurs when investors begin to diversify their investments by choosing different altcoins instead of BTC. The search for greater profitability, technical innovation, or the development of new altcoin projects often drives them. During the alt season, these cryptocurrencies can significantly increase in price, attracting a lot of attention from investors. Alt season meaning extends beyond mere profitability. This shift often reflects broader market trends and investor sentiment, indicating greater acceptance and adoption of altcoins. BTC dominance decreases during the altseason.
The altcoin season index measures the profitability of altcoins relative to BTC, thereby indicating whether it’s crypto alt season or BTC dominance (altseason is over.) The Altcoin season chart or altcoin season index chart oscillates and helps the investors understand the situation.
Philippines Security Regulator Warns Binance Is Operating Without a License
The Philippines Securities and Exchange Commission is warning users in the country that it may soon block access to Binance as the exchange is operating without a license in the country.In a notice, the regulator said that Binance is not authorized to sell or offer securities to the public.The regulator also said Binance is actively promoting crypto trading to Filipinos on social media, an offense in the country that may have criminal liability for the promoter.“Those who act as salesmen, broker
SEC Likely to Approve Spot Bitcoin ETF in Next Few Months: JPMorgan
Bitcoin (BTC) has gained this week due to increased optimism about the potential approval of multiple spot bitcoin exchange-traded-funds (ETFs), JPMorgan (JPM) said in a research report Wednesday.The Securities and Exchange Commission’s (SEC) decision not to appeal a recent ruling in the Grayscale case brings the approval of the applications closer, the report said. Grayscale is the manager of the Grayscale Bitcoin Trust (GBTC), the largest cryptocurrency fund in the world.Timing of an approval
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulationLightning Labs has released the mainnet alpha of Taproot Assets, which could bring stablecoins and real-world assets to the Bitcoin blockchain. Senator Elizabeth Warren has amped up her campaign against crypto with a letter urging the White House to consider the role of digital assets in terrorism financing. Meanwhile, Reddit is
FTX Used Billions in Customer Funds to Buy Back Binance Stake
Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX’s FTT tokens.Bankrupt crypto exchange FTX used customer funds to buy back the entirety of the firm’s stake held with competitor exchange Binance, a court hearing on Wednesday revealed.Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX’s FTT tokens as part of the repurchase.Peter Easton,
Australia’s new regime proposal to bring digital asset platforms in line with financial laws
The Australian Federal Government is working on a regulatory framework for “entities providing access to digital assets” and is seeking industry input. The intention, it said, is to bring Australian regulations in line with those overseas, using existing financial frameworks. The idea is to regulate intermediaries like exchanges, service/asset issuers, and financial product advisers.The policy proposals come a week after the Treasury also signaled its intention to regulate the (non-blockchain) d
Bitcoin Nears $29K as Fidelity ETF Amendment Bumps Bullish Sentiment
Some analysts said the amendments show the U.S. Securities and Exchange Commission is holding active discussions with related parties.By Shaurya MalwaBitcoin jumped to a two-month high on Wednesday after Fidelity joined the ranks of firms amending their spot bitcoin ETF filings.• The amendments could indicate open communication lines between the firms and regulators.Bitcoin (BTC) shot to as high as $28,817 earlier today as amendments to a spot bitcoin ETF filing in the U.S. fired up bullish sent
Bitcoin’s 10% jump to $30,000 hints at trader ‘playbook’ for ETF launches
An erroneous report that BlackRock Inc. had won approval to launch a spot ETF rapidly sent the largest digital asset to $30,002 on Monday, the highest price since March. The move cooled after the world’s biggest money manager said its application remains under review, leaving Bitcoin 4.4% higher for Oct. 16.Crypto Price Today: Bitcoin nears $28,000; Ethereum rises above $1,550"BTC and ETH both showed positive gains over the weekend, driven by the news that the SEC won't appeal the court decision
The Top 4 Cryptos For Today ArePepe Coin Remains FlatThe Pepe coin price was down 0.19% on Tuesday and traded at $0.0000006744, despite a positive momentum in the broader market. However, they moved towards the north earlier in today’s session, but the fluctuations in the prices suggested a highly volatile condition in the crypto’s price.Bitcoin SV (BSV) Adds 12%The Bitcoin SV was among the top gainers on October 17, while adding over 10% in its price. Meanwhile, as of writing, the Bitcoin SV pr